Financial Statements — IRTC
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.25 | 0.24 | 0.26 | 0.31 | 0.38 | 0.52 | 0.55 | 0.52 | 0.05 | 0.06 | 0.05 | 0.07 | 0.10 | 0.09 | 0.17 | 0.14 | 0.14 |
| Short-term Investments | 0.34 | 0.31 | 0.31 | 0.24 | 0.15 | 0.00 | 0.01 | 0.05 | 0.11 | 0.10 | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.05 | 0.06 | 0.06 |
| Inventory | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Assets | 0.76 | 0.68 | 0.68 | 0.66 | 0.64 | 0.63 | 0.68 | 0.69 | 0.23 | 0.24 | 0.25 | 0.29 | 0.28 | 0.29 | 0.33 | 0.34 | 0.34 |
| Property, Plant & Equipment | 0.17 | 0.16 | 0.15 | 0.14 | 0.13 | 0.12 | 0.12 | 0.11 | 0.10 | 0.09 | 0.08 | 0.07 | 0.07 | 0.06 | 0.05 | 0.05 | 0.04 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets* | 0.34 | 0.33 | 0.32 | 0.30 | 0.29 | 0.28 | 0.24 | 0.22 | 0.21 | 0.19 | 0.17 | 0.15 | 0.15 | 0.14 | 0.16 | 0.15 | 0.14 |
| Total Assets | 1.09 | 1.01 | 1.00 | 0.96 | 0.93 | 0.91 | 0.92 | 0.91 | 0.44 | 0.43 | 0.42 | 0.44 | 0.44 | 0.43 | 0.48 | 0.49 | 0.48 |
| Accounts Payable | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
| Total Current Liabilities | 0.20 | 0.13 | 0.15 | 0.13 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.09 | 0.08 | 0.08 | 0.07 | 0.06 | 0.08 | 0.07 | 0.06 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.01 | 0.02 | 0.02 |
| Total Non-current Liabilities* | 0.71 | 0.71 | 0.73 | 0.73 | 0.73 | 0.74 | 0.72 | 0.72 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.10 | 0.11 | 0.11 |
| Total Liabilities | 0.91 | 0.85 | 0.87 | 0.86 | 0.84 | 0.84 | 0.82 | 0.82 | 0.22 | 0.21 | 0.20 | 0.20 | 0.19 | 0.18 | 0.18 | 0.18 | 0.17 |
| Retained Earnings | (0.82) | (0.82) | (0.81) | (0.80) | (0.79) | (0.76) | (0.71) | (0.69) | (0.61) | (0.58) | (0.56) | (0.50) | (0.48) | (0.46) | (0.37) | (0.35) | (0.33) |
| Total Stockholder Equity | 0.19 | 0.16 | 0.12 | 0.10 | 0.09 | 0.07 | 0.10 | 0.09 | 0.22 | 0.22 | 0.22 | 0.24 | 0.24 | 0.24 | 0.30 | 0.31 | 0.31 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 224.17 | 199.39 | 208.89 | 192.88 | 186.69 | 158.68 | 164.33 | 147.54 | 148.05 | 131.93 | 132.51 | 124.60 | 124.13 | 111.44 | 112.62 | 103.88 | 102.05 | 92.38 | 81.80 | 85.43 |
| Cost of Revenue | 60.97 | 58.04 | 60.84 | 55.76 | 53.83 | 49.46 | 49.26 | 46.06 | 44.58 | 44.41 | 45.09 | 42.13 | 37.91 | 35.76 | 33.91 | 32.95 | 31.81 | 30.62 | 30.52 | 29.28 |
| Gross Profit | 163.21 | 141.35 | 148.06 | 137.12 | 132.86 | 109.22 | 115.07 | 101.48 | 103.47 | 87.52 | 87.43 | 82.47 | 86.23 | 75.68 | 78.71 | 70.92 | 70.25 | 61.76 | 51.28 | 56.15 |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | -- | 19.69 | 16.99 | 15.42 | 16.31 | 13.68 | 14.84 | 12.68 | 11.45 | 11.95 | 10.54 | 11.87 | 8.69 |
| Selling, General & Admin | 131.66 | 135.88 | 122.00 | 124.22 | 126.38 | 119.96 | 99.77 | 103.38 | 106.76 | 108.66 | 100.11 | 93.77 | 91.42 | 100.34 | 86.73 | 80.56 | 81.75 | 73.16 | 71.61 | 70.75 |
| Total Operating Expenses | 165.75 | 157.54 | 145.77 | 145.55 | 151.57 | 141.77 | 119.15 | 151.78 | 126.45 | 125.65 | 126.61 | 110.08 | 105.10 | 115.19 | 99.41 | 92.01 | 93.70 | 110.31 | 83.48 | 79.43 |
| Operating Income | (2.54) | (16.18) | 2.29 | (8.43) | (18.71) | (32.56) | (4.08) | (50.30) | (22.98) | (38.14) | (39.18) | (27.60) | (18.87) | (39.50) | (20.70) | (21.09) | (23.45) | (48.55) | (32.20) | (23.28) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2.86 | 0.94 | 0.93 | 0.83 | 0.95 | 1.01 | 0.61 | 0.48 | 2.03 | 0.25 | 0.28 |
| Pretax Income | (0.38) | (13.43) | 6.03 | (5.19) | (14.40) | (30.03) | (1.18) | (45.99) | (19.91) | (45.63) | (38.44) | (26.92) | (18.27) | (39.02) | (20.12) | (21.33) | (23.86) | (50.56) | (32.43) | (23.64) |
| Tax Provision | 0.00 | 0.50 | 0.45 | 0.02 | (0.18) | 0.67 | 0.15 | 0.19 | 0.19 | 0.03 | 0.26 | 0.20 | 0.21 | 0.09 | 0.07 | 0.12 | 0.03 | 0.05 | 0.06 | 0.09 |
| Net Income | (0.38) | (13.93) | 5.58 | (5.21) | (14.22) | (30.70) | (1.33) | (46.18) | (20.11) | (45.67) | (38.70) | (27.12) | (18.48) | (39.11) | (20.20) | (21.45) | (23.90) | (50.61) | (32.49) | (23.73) |
| Basic EPS | (0.01) | (0.43) | 0.18 | (0.16) | (0.44) | (0.97) | (0.03) | (1.48) | (0.65) | (1.47) | (1.25) | (0.89) | (0.61) | (1.29) | (0.66) | (0.71) | (0.80) | (1.71) | (1.11) | (0.81) |
| Diluted EPS | (0.01) | (0.43) | 0.18 | (0.16) | (0.44) | (0.97) | (0.03) | (1.48) | (0.65) | (1.47) | (1.25) | (0.89) | (0.61) | (1.29) | (0.66) | (0.71) | (0.80) | (1.71) | (1.11) | (0.81) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | 51.08 | (26.17) | 26.21 | 34.88 | 27.66 | (7.89) | 19.23 | 24.35 | 11.84 | (52.03) | (15.97) | 1.20 | (4.57) | (30.75) | 12.58 | 3.67 | (0.37) | (38.88) | (13.04) | 17.68 |
| Capital Expenditures | 13.57 | 6.91 | 11.72 | 14.83 | 10.37 | 9.42 | 6.84 | 8.83 | 8.49 | 9.78 | 13.52 | 9.09 | 9.40 | 8.42 | 7.09 | 6.33 | 10.83 | 5.57 | 4.63 | 13.31 |
| Free Cash Flow* | 37.52 | (33.08) | 14.49 | 20.05 | 17.29 | (17.31) | 12.39 | 15.51 | 3.35 | (61.80) | (29.49) | (7.89) | (13.97) | (39.18) | 5.48 | (2.66) | (11.20) | (44.46) | (17.67) | 4.37 |
| Investing Cash Flow | (48.64) | 30.22 | (48.80) | (89.20) | (100.91) | (38.14) | (122.16) | (55.33) | 14.51 | 40.00 | 1.40 | (15.44) | 9.01 | 3.82 | (8.11) | (35.36) | (0.43) | (8.53) | (27.13) | 13.66 |
| Financing Cash Flow | 4.08 | 0.15 | 2.96 | 0.83 | 7.09 | 1.73 | 2.99 | (0.04) | 3.79 | 504.64 | 3.47 | 0.07 | 4.38 | 0.91 | 3.15 | 1.66 | 7.27 | 14.64 | 0.37 | (2.84) |
* Derived from reported values
