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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 $47.97 per share. The share price was $86.06 on November 10, 2026, 79% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$34.5M
Average free cash flow, last 5 years
-$41M
Cash
$394.7M
balance sheet of September 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%$33.99-61%
Base15.0%9.0%2.5%9.0%$47.97-44%
Bull20.0%11.5%3.0%8.0%$74.01-14%

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%$58.56$61.86$65.90$70.94$77.42
8.0%$50.61$52.75$55.28$58.31$62.02
9.0%$44.82$46.28$47.97$49.94$52.27
10.0%$40.43$41.47$42.65$44.00$45.56
11.0%$37.00$37.76$38.61$39.57$40.66

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