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DCF valuation

What is iRhythm Holdings, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on iRhythm Holdings, Inc.'s reported free cash flow gives $43.35 per share. The share price was $110.38 on September 25, 2026, 155% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$34.5M
Average free cash flow, last 5 years
-$41M
Cash
$246.7M
balance sheet of June 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
32,004,000
Revenue growth per year, last 5 years
23.0%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear10.0%6.0%2.0%10.0%$29.36-73%
Base15.0%9.0%2.5%9.0%$43.35-61%
Bull20.0%11.5%3.0%8.0%$69.38-37%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$53.93$57.23$61.27$66.31$72.80
8.0%$45.98$48.12$50.65$53.69$57.40
9.0%$40.19$41.66$43.35$45.32$47.64
10.0%$35.80$36.85$38.03$39.37$40.93
11.0%$32.37$33.13$33.99$34.95$36.03

Where the presets come from

Base: years 1 to 5 grow at iRhythm Holdings, Inc.'s revenue growth rate over the last 5 fiscal years (23.0% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

iRhythm Holdings, Inc. company page