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IRadimed
IRadimed (IRMD) investor relations material
IRadimed Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary10 Feb, 2026
Executive summary
Achieved 18th consecutive quarter of record revenue, with Q4 2025 revenue of $22.7 million, up 17% year-over-year, and full-year revenue of $83.8 million, up 14% year-over-year.
GAAP diluted EPS for Q4 was $0.50 (up 25%), and non-GAAP diluted EPS was $0.54 (up 23%); full-year GAAP EPS was $1.75 (up 17%), and non-GAAP EPS was $1.93 (up 16%).
Gross margins remained strong at 77% for the year and 75% for Q4.
Record performance driven by initial shipments of the next-generation 3870 MRI-compatible IV infusion pump.
Financial highlights
MRI-compatible IV infusion pump systems revenue grew 20% year-over-year to $9.1 million in Q4 and $31.6 million for the year.
Patient vital signs monitoring systems revenue rose 7.5% to $7.1 million in Q4 and $26.4 million for the year.
Disposable revenue increased 18% to $4.3 million in Q4.
Net income for Q4 was $6.4 million (GAAP), up 25%; full-year net income was $22.5 million, up 17%.
Free cash flow for the year was $16.5 million, after $8.4 million in capital expenditures.
Outlook and guidance
2026 revenue guidance: $91.0–$96.0 million; GAAP diluted EPS: $1.90–$2.05; non-GAAP diluted EPS: $2.06–$2.21.
Targeting replacement of 1,000+ pump channels annually from 6,400+ eligible units, aiming for a $50 million annual pump revenue run rate domestically.
Confident in achieving a $100 million+ revenue run rate during 2026, including disposables, maintenance, international sales, and monitoring.
Full rollout of the 3870 IV infusion pump expected to accelerate revenue in the second half of 2026.
Next-generation MRI monitor targeted for market launch in 2028.
Quantify 3870 pump's H2 2026 revenue acceleration
3870 inventory impact on 2026 operating cash flow?
What sustains the high gross profit margin?
What's the 3870 replacement target's revenue impact?
What specific tweaks from 3870 pilot feedback?
Detail the next-gen MRI monitor development plan
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Next IRadimed earnings date
Q1 20264 May, 2026
IRadimed
Next IRadimed earnings date
Q1 20264 May, 2026
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Frequently asked questions
IRadimed Corporation develops and manufactures non-magnetic medical devices designed for use in magnetic resonance imaging (MRI) environments. Its core products include MRI-compatible patient monitoring systems and intravenous infusion pumps. These technologies are used in hospitals and imaging centers to enhance patient safety and workflow efficiency during MRI procedures. The company is headquartered in Winter Springs, Florida, and its shares are listed on the NASDAQ.
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