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IRADIMED (NASDAQ: IRMD) Q1 growth, dividend and 2026 outlook

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

IRADIMED CORPORATION reported strong first-quarter 2026 results, with revenue of $22.0 million, up 13% from $19.5 million a year earlier. GAAP diluted EPS reached $0.45, a 22% increase, and non-GAAP diluted EPS was $0.49, up 17%.

Operating income rose to $7.2 million, up 33%, and gross margin improved to 77%. Cash flow from operations nearly doubled to $8.3 million, driving free cash flow of $7.8 million. The company highlighted the commercial launch of its next-generation 3870 MRI-compatible IV infusion pump, citing strong early demand.

The board declared a regular quarterly cash dividend of $0.20 per share, payable May 29, 2026 to shareholders of record on May 15, 2026. Management issued second-quarter 2026 guidance for revenue of $20.0–$21.0 million and reaffirmed full-year 2026 guidance for revenue of $91.0–$96.0 million and GAAP diluted EPS of $1.90–$2.05.

Positive

  • Double-digit top-line and earnings growth: Q1 2026 revenue rose 13% to $22.0 million, GAAP diluted EPS increased 22% to $0.45, and non-GAAP diluted EPS grew 17% to $0.49, showing strong operating momentum.
  • Robust profitability and cash generation: Gross margin reached 77%, operating income climbed 33% to $7.2 million, and cash flow from operations nearly doubled to $8.3 million, driving free cash flow of $7.8 million.
  • Product launch and confident outlook: The company launched its next-generation 3870 MRI-compatible IV infusion pump with strong early demand, declared a $0.20 quarterly dividend, and reaffirmed full-year 2026 revenue and EPS guidance.

Negative

  • None.

Insights

IRADIMED posts double‑digit Q1 growth, strong cash generation and reaffirms 2026 outlook.

IRADIMED delivered a solid quarter with revenue of $22.0 million, up 13%, driven by MRI-compatible devices and services. Operating income rose to $7.2 million, a 33% increase, while gross margin ticked up to 77%, indicating good cost discipline alongside growth.

GAAP net income grew to $5.8 million and diluted EPS to $0.45, up 22%. Non-GAAP diluted EPS was $0.49, up 17%, mainly excluding stock-based compensation. Cash flow from operations surged to $8.3 million, with free cash flow at $7.8 million, reflecting both higher earnings and favorable working capital.

Management emphasized the launch of the next‑generation 3870 MRI-compatible IV infusion pump, noting strong early order activity that they expect to impact revenue more in Q2 2026 and especially Q3 2026. The company declared a regular $0.20 quarterly dividend and reaffirmed full‑year 2026 guidance of $91.0–$96.0 million revenue and GAAP EPS of $1.90–$2.05, signaling confidence in its outlook.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q1 2026 Revenue $22.0 million Three months ended March 31, 2026; up 13% year over year
Q1 2026 GAAP diluted EPS $0.45 per share Three months ended March 31, 2026; up 22% vs. $0.37
Q1 2026 non-GAAP diluted EPS $0.49 per share Three months ended March 31, 2026; up 17% vs. $0.42
Q1 2026 operating income $7.2 million Three months ended March 31, 2026; up 33% vs. 2025
Q1 2026 cash flow from operations $8.3 million Three months ended March 31, 2026; up 93% year over year
Q1 2026 free cash flow $7.8 million Three months ended March 31, 2026; vs. $0.4 million in 2025
Quarterly dividend $0.20 per share Regular cash dividend for Q2 2026, payable May 29, 2026
2026 revenue guidance $91.0–$96.0 million Full-year 2026 expected revenue range reaffirmed
non-GAAP financial
"The Company reported non-GAAP net income of $6.4 million..."
Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.
free cash flow financial
"We calculate free cash flow as net cash provided by operating activities..."
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
stock-based compensation expense financial
"Non-GAAP net income... excludes $0.5 million of stock compensation expense, net of tax benefit..."
Stock-based compensation expense is the value that a company records when it gives employees or executives shares or options to buy shares as part of their pay. It matters because it shows the true cost of paying employees this way, which can affect the company's profits and how investors see its financial health.
MRI compatible IV infusion pump medical
"the commercial launch of our next-generation 3870 MRI-compatible IV infusion pump system"
510(k) clearance regulatory
"our ability to receive 510(k) clearance for our products and product candidates"
A 510(k) clearance is a U.S. regulatory approval that lets a medical device be sold because it is shown to be substantially similar to an already-legal device; think of it as a passport saying the new product is close enough to a known item to enter the market without a full, lengthy review. For investors, 510(k) clearance signals faster, lower-cost market access and reduced regulatory risk compared with new, untested device pathways, which can materially affect timelines, costs and revenue prospects.
forward-looking statements regulatory
"This release... contain forward-looking statements as defined under Section 27A..."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Revenue $22.0 million +13% year over year
GAAP diluted EPS $0.45 +22% year over year
Non-GAAP diluted EPS $0.49 +17% year over year
Operating income $7.2 million +33% year over year
Cash from operations $8.3 million +93% year over year
Guidance

For Q2 2026, expected revenue is $20.0–$21.0 million, GAAP diluted EPS $0.40–$0.44, non-GAAP diluted EPS $0.44–$0.48; for full-year 2026, expected revenue is $91.0–$96.0 million, GAAP diluted EPS $1.90–$2.05 and non-GAAP diluted EPS $2.06–$2.21.

Understanding 8-K Material Events →
0001325618FALSE00013256182026-05-012026-05-01

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
Date of report (Date of earliest event reported): May 1, 2026
IRADIMED CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
001-3653473-1408526
(Commission File Number)(IRS Employer Identification No.)
12705 Ingenuity Drive, Orlando, Florida
32826
(Address of principal executive offices)(Zip Code)
(407) 677-8022
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Securities registered pursuant to Section 12(b) of the Act:
Title of each class:Trading SymbolName of each exchange on which registered:
Common stock, par value $0.0001IRMDNASDAQ Global Market


Item 2.02            Results of Operations and Financial Condition.
On May 1, 2026, IRADIMED CORPORATION issued a press release (the “Press Release”) announcing its financial results for the quarter ended March 31, 2026. A copy of the Press Release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that Section. Furthermore, such information, including Exhibit 99.1, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01            Financial Statements and Exhibits.
(d)Exhibits
Exhibit No.Description
99.1
Press release dated May 1 2026.
104Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
IRADIMED CORPORATION
Date: May 1, 2026
By: /s/John Glenn
Name: John Glenn
Title: Chief Financial Officer


Exhibit 99.1
irmd1.jpg
IRADIMED CORPORATION Reports First Quarter 2026 Financial Results
Announces Regular Quarterly Cash Dividend of $0.20 Per Share
Reaffirms Full-Year 2026 Revenue and Earnings Guidance

•Reports revenue of $22.0 million for the first quarter of 2026, an increase of $2.5 million, or 13%, compared to the same period in 2025.
•Reports record GAAP diluted EPS of $0.45 and non-GAAP diluted EPS of $0.49 for the first quarter of 2026, which are increases of 22% and 17%, respectively, compared to the same period in 2025.
•Declares a regular quarterly cash dividend of $0.20 per share of common stock for the second quarter of 2026, payable on May 29, 2026.
Orlando, Florida, May 1, 2026 – IRADIMED CORPORATION (the “Company” or “Iradimed”) (NASDAQ: IRMD) announced today its financial results for the three months ended March 31, 2026. The Company is a leader in developing innovative magnetic resonance imaging (“MRI”) compatible medical devices and products. The Company is a provider of (i) non-magnetic intravenous (“IV”) infusion pump systems and (ii) a non-magnetic patient vital signs monitoring system that are each designed for use during MRI procedures.
“We are pleased to report a strong start to 2026, with first-quarter revenue of $22.0 million, a 13% increase over the same period last year. Our continued revenue growth, combined with disciplined expense management, drove operating income of $7.2 million — a 33% improvement over the first quarter of 2025 — and net income of $5.8 million, or $0.45 per diluted share, a 22% increase over the first quarter 2025.

"Beyond our financial results, the first quarter was a significant milestone for Iradimed with the commercial launch of our next-generation 3870 MRI-compatible IV infusion pump system. Customer reception has been very encouraging, with tremendous interest and strong early order activity. Notably, early order sizes have exceeded those typical of the prior-generation platform, reinforcing our confidence in the 3870's value proposition. We expect significant shipments to begin in the second quarter of 2026 as we transition our customers to the new platform, with the third quarter reflecting the full impact of 3870 shipments and revenue growth accelerating through the back half of the year. We remain focused on delivering innovative solutions for patients and healthcare providers while generating strong returns for our stockholders,” said Roger Susi, President and Chief Executive Officer of Iradimed.

“Looking ahead, for the second quarter of 2026 financial guidance, we expect revenue of $20.0 million to $21.0 million, GAAP diluted earnings per share of $0.40 to $0.44, and non-GAAP diluted earnings per share of $0.44 to $0.48. We reaffirm our guidance for the full-year 2026 with revenue of $91.0 million to $96.0 million, and GAAP diluted earnings per share of $1.90 to $2.05 and non-GAAP diluted earnings per share of $2.06 to $2.21,” added Mr. Susi.

The Company’s board of directors declared a regular quarterly cash dividend of $0.20 per share of our outstanding common stock. The dividend is payable to stockholders of record as of the close of business on May 15, 2026 and will be paid on May 29, 2026.







Three Months Ended March 31, 2026

For the three months ended March 31, 2026, the Company reported revenue of $22.0 million, compared to $19.5 million for the comparable period of 2025, which increased $2.5 million or 13%. The Company reported net income of $5.8 million, compared to $4.7 million for the comparable period of 2025, which increased 24%. Earnings per share increased $0.08 per diluted share or 22% to $0.45 per diluted share, for the three months ended March 31, 2026, compared to $0.37 per diluted share for the same period of 2025.
For the three months ended March 31, 2026, the Company reported non-GAAP net income of $6.4 million, which excludes $0.5 million of stock compensation expense, net of tax benefit, compared to $5.3 million, which excludes $0.7 million of stock compensation expense, net of tax benefit, which increased 19% over the comparable period of 2025. On a non-GAAP basis, net income per diluted share was $0.49 for the three months ended March 31, 2026, compared to $0.42 per diluted share for the comparable period of 2025, which increased 17%.

Revenue Information:
Three Months Ended
March 31,
20262025
(in thousands)(unaudited)
Devices:
MRI Compatible Intravenous ("IV") Infusion Pump Systems$7,664 $5,999 
MRI Compatible Patient Vital Signs Monitoring Systems7,1076,545
Ferro Magnetic Detection Systems621418
Total devices revenue15,39212,962
Amortization of extended maintenance agreements659560
Disposables4,8854,947
Services and other1,0431,042
Total revenue$21,979 $19,511 

For the three months ended March 31, 2026 and 2025, domestic sales were consistent at 82% of total revenue. For the three months ended March 31, 2026, the gross profit margin was 77% compared to 76% for comparable period of 2025.
Cash Flow from Operations
For the three months ended March 31, 2026, cash flow from operations was $8.3 million, compared to $4.3 million for the comparable period of 2025, an increase of 93%. During the three months ended March 31, 2026, cash provided by operations was positively impacted by higher net income, and lower cash outflows related to accounts payable, pre-paid expenses, and inventory purchases, and negatively impacted by accounts receivable. See the compilation of non-GAAP free cash flow in the table later in this release.
Financial Guidance
For the second quarter of 2026, the Company expects revenue of $20.0 million to $21.0 million, GAAP diluted earnings per share of $0.40 to $0.44, and non-GAAP diluted earnings per share of $0.44 to $0.48. For the full year 2026, the Company expects to report revenue of $91.0 million to $96.0 million, GAAP diluted earnings per share of $1.90 to $2.05, and non-GAAP diluted earnings per share of $2.06 to $2.21.
The Company’s non-GAAP diluted earnings per share guidance excludes stock-based compensation expense, net of tax expense. The Company expects stock-based compensation expense, net of tax, to be approximately $2.4 million and $0.6 million for the full year and second quarter of 2026, respectively.


Use of Non-GAAP Financial Measures
The Company believes using non-GAAP net income, non-GAAP net income per share-diluted, and free cash flow is helpful to our investors. These measures, which we refer to as our non-GAAP financial measures, are not prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These non-GAAP measures are intended to provide the reader with additional supplemental perspectives on operating results, performance trends, and financial condition. Non-GAAP financial measures are not a substitute for GAAP measures; they should be read and used in conjunction with the Company’s GAAP financial information. Because non-GAAP financial measures presented in this release are not measurements determined in accordance with GAAP and are susceptible to varying calculations, these non-GAAP financial measures, as presented, may not be comparable to other similarly titled measures presented by other companies.
We calculate non-GAAP net income as net income excluding:
(1)Stock-based compensation expense, net of tax. Because of varying available valuation methodologies, subjective assumptions, and the variety of equity instruments that can impact a company’s non-cash expenses, we believe that providing non-GAAP financial measures that exclude stock-based compensation expense allows for meaningful comparisons between our operating results from period to period;
(2)Operating expenses, net of tax, that we believe are not indicative of the Company’s ongoing core operating performance; and
(3)Infrequent income tax items are considered based on their nature and are excluded from the provision for income taxes as these costs or benefits are not indicative of our normal or future provision for income taxes.
We calculate free cash flow as net cash provided by operating activities, less net cash used in investing activities for the development of internal software and purchases of property and equipment.
We consider free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by our business that can be used for strategic opportunities, including investing in our business, making strategic acquisitions, strengthening our balance sheet and returning cash to our stockholders through various means.
Our non-GAAP financial measures are important tools for financial and operational decision-making and for evaluating our ongoing core operating results.
A reconciliation of the non-GAAP financial measures used in this release to the most comparable GAAP measures for the respective periods can be found in the table later in this release immediately following the condensed statements of
operations. These non-GAAP financial measures should not be considered in isolation or as a substitute for a measure of the Company’s operating performance or liquidity prepared in accordance with GAAP and are not indicative of net income or cash provided by operating activities.
Conference Call
The Company has scheduled a conference call to discuss this release beginning at 11:00 a.m. Eastern Time, May 1, 2026. Individuals interested in listening to the conference call may do so by registering here, https://register-conf.media-server.com/register/BI7676b33322324840ad2b154cc8e65b88
Once registered a dial-in number, a unique PIN, and instructions will be provided to participants.
The conference call will also be available in real-time via the Internet at http://www.iradimed.com/en-us/investors/events/. A recording of the call will be available on the Company’s website following the call's completion.
About IRADIMED CORPORATION
IRADIMED CORPORATION is a leader in developing innovative Magnetic Resonance Imaging (“MRI”) compatible medical devices. We design, manufacture, market, and distribute MRI-compatible medical devices, accessories, disposables, and related services.


We are the only known provider of a non-magnetic intravenous (“IV”) infusion pump system specifically designed to be safe for use during MRI procedures. We were the first to develop an infusion delivery system that largely eliminates many of the dangers and problems present during MRI procedures. Standard infusion pumps contain magnetic and electronic components that can create radio frequency interference and are dangerous to operate in the presence of the powerful magnet that drives an MRI system. Our patented MRidium® MRI compatible IV infusion pump systems (3860 and 3870) have a non-magnetic ultrasonic motor, uniquely designed non-ferrous parts, and other special features to safely and predictably deliver anesthesia and other IV fluids during various MRI procedures. Our pump solutions provide a seamless approach that enables accurate, safe, and dependable fluid delivery before, during, and after an MRI scan, which is essential to critically ill patients who cannot be removed from their vital medications and children and infants who must generally be sedated to remain immobile during an MRI scan.
Our 3880 MRI compatible patient vital signs monitoring system has been designed with non-magnetic components and other special features to safely and accurately monitor a patient’s vital signs during various MRI procedures. The Iradimed 3880 system operates dependably in magnetic fields up to 30,000 gauss, which means it can operate virtually anywhere in the MRI scanner room. The Iradimed 3880 has a compact, lightweight design, allowing it to travel with the patient from the critical care unit to the MRI and back, resulting in increased patient safety through uninterrupted vital signs monitoring and decreasing the amount of time critically ill patients are away from critical care units. The features of the Iradimed 3880 include wireless ECG with dynamic gradient filtering; wireless SpO2 using Masimo® algorithms; non-magnetic respiratory CO2; invasive and non-invasive blood pressure; patient temperature, and optional advanced multi-gas anesthetic agent unit featuring continuous Minimum Alveolar Concentration measurements. The Iradimed 3880 MRI compatible patient vital signs monitoring system has an easy-to-use design and allows for the effective communication of patient vital signs information to clinicians.
For more information, please visit www.iradimed.com.
Forward-Looking Statements
This release and any oral statements made regarding the subject of this release contain forward-looking statements as defined under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, that address activities that the Company assumes, plans, expects, believes, intends, projects, indicates, estimates or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements, including statements relating to financial guidance, future quarterly cash dividends, operational issues meeting demand, commercialization, timing and expected revenue ramping of our next-generation 3870 MRI compatible IV infusion pump, and the Company’s strategic plans, objectives, and intentions. The forward-looking statements are based on management’s current belief, based on currently available information, as to the outcome and timing of future events. The forward-looking statements involve risks and uncertainties, including, among others, that our business plans may change as circumstances warrant.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date that they are made, which reflect management’s current estimates, projections, expectations, or beliefs, and which involve
risks and uncertainties that could cause actual results and outcomes to be materially different. Risks and uncertainties that may affect the future results of the Company include, but are not limited to: our ability to receive 510(k) clearance for our products and product candidates, complete inspections conducted by the U.S. Food & Drug Administration (the “FDA”) or other regulatory bodies resulting in favorable outcomes, additional actions by or requests from the FDA, including a request to cease domestic distribution of products, or other regulatory bodies and unanticipated costs or delays associated with the resolution of these matters; the timing and likelihood of regulatory approvals or clearances from the FDA or other regulatory bodies and regulatory actions on our product candidates and product marketing activities; unexpected costs, expenses and diversion of management attention resulting from actions or requests posed to us by the FDA or other regulatory bodies; failure to obtain and/or maintain regulatory approvals or clearances and comply with applicable regulations; our primary reliance on a limited number of products; our ability to retain the continued service of our key professionals, including key management, marketing and scientific personnel, and to identify, hire and retain such additional qualified professionals; our expectations regarding the sales and marketing of our products, product candidates and services; our expectations regarding the integrity of our supply chain for our products; the potential for adverse application of environmental, health and safety and other laws and regulations of any jurisdiction on our operations; our expectations for market acceptance of our new products; the potential for our marketed products to be withdrawn due to recalls, patient adverse events or deaths; our ability to successfully prepare, file, prosecute, maintain, defend, including in cases of infringement, and enforce patent claims and other intellectual property rights on our products; our ability to identify and pursue development of additional products; the implementation of our business strategies; the potential for


exposure to product liability claims; our financial performance expectations and interpretations thereof by securities analysts and investors; our ability to compete in the development and marketing of our products and product candidates with existing companies and new market entrants in our industry; difficulties or delays in the development, production, manufacturing and marketing of new or existing products and services, including difficulties or delays associated with obtaining requisite regulatory approvals or clearances associated with those activities; changes in laws and regulations or in the interpretation or application of laws or regulations, as well as possible failures to comply with applicable laws or regulations as a result of possible misinterpretations or misapplications; cost-containment efforts of our customers, purchasing groups, third-party payers and governmental organizations; costs associated with protecting our trade secrets and enforcing our patent, copyright and trademark rights, and successful challenges to the validity of our patents, copyrights or trademarks; actions of regulatory bodies and other government authorities, including the FDA and foreign counterparts, that could delay, limit or suspend product development, manufacturing or sales or result in recalls, seizures, consent decrees, injunctions and monetary sanctions; costs or claims resulting from potential errors or defects in our manufacturing that may injure persons or damage property or operations, including costs from remediation efforts or recalls; the results, consequences, effects or timing of any commercial disputes, patent infringement claims or other legal proceedings or any government investigations; changes in our production capacity, including interruptions in our ability to manufacture our products or an inability to obtain key components or raw materials or increased costs in such key components or raw materials; the failure of third parties to uphold their contractual duties or meet expected deadlines; uncertainties in our industry due to the effects of government-driven or mandated healthcare reform; competitive pressures in the markets in which we operate; potential negative impacts resulting from a future pandemic or epidemic, or natural disaster; the impact on our operations and financial results of any public health emergency and any related policies and actions by governments or other third parties; breaches or failures of our or our vendors’ or customers’ information technology systems or products, including by cyber-attack, data leakage, unauthorized access or theft; the loss of, or default by, one or more key customers or suppliers; unfavorable changes to the terms of key customer or supplier relationships; weakening of economic conditions, or the anticipation thereof, that could adversely affect the level of demand for our products; the conditions in the U.S. and global economies, including the impact of increasing and/or fluctuating tax and interest rates as well as inflationary pressures on such economies; geopolitical risks, including tariffs, trade disputes, international military conflicts and recent or upcoming elections in the United States and other countries, and the impact of insufficient governmental funding and related operational inefficiencies, which could, among other things, lead to increased volatility in the financial market and in the market in which we operate our business; and other risks detailed in our filings with the United States Securities and Exchange Commission (the “SEC”).
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of the Company’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements. These risks, uncertainties, assumptions and other important factors include, but are not limited to, those included in Part II, Item 1A, “Risk Factors” of the Company’s Quarterly Reports on Form 10-Q, and Part I, Item 1A, “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, as well as those otherwise described or updated from time to time in our other filings with the SEC. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and the Company undertakes no commitment to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.


IRADIMED CORPORATION
CONDENSED BALANCE SHEETS
(in thousands)

March 31,December 31,
20262025
(unaudited)(audited)
ASSETS
Current assets:
Cash and cash equivalents$56,374$51,159
Other current assets30,04830,044
Total current assets86,42281,203
Property and equipment, net24,22523,856
Other assets3,7423,717
Total assets$114,389$108,776
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable$2,182$1,820
Deferred revenue3,3972,871
Other current liabilities6,5395,489
Total current liabilities12,11810,180
Deferred revenue, non-current3,7573,978
Total liabilities15,87514,158
Stockholders’ equity:
Total stockholders’ equity98,51494,618
Total liabilities and stockholders’ equity$114,389$108,776


IRADIMED CORPORATION
CONDENSED STATEMENTS OF OPERATIONS
(Unaudited)
(in thousands, except per share data)

Three Months Ended
March 31,
20262025
Revenue$21,979 $19,511 
Cost of revenue5,1654,668
Gross profit16,81414,843
Operating expenses:
General and administrative4,5694,611
Sales and marketing4,0524,176
Research and development956624
Total operating expenses9,5779,411
Income from operations7,2375,432
Other income, net532513
Income before provision for income taxes7,7695,945
Provision for income tax expense1,9511,258
Net income$5,818 $4,687 
Net income per share:
Basic$0.46 $0.37 
Diluted$0.45 $0.37 
Weighted average shares outstanding:
Basic12,78312,714
Diluted12,87012,826


IRADIMED CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(Unaudited)
(in thousands, except per share data)

Non-GAAP Net Income and Diluted EPS
Three Months Ended
March 31,
20262025
Net income$5,818$4,687
Excluding:         
Stock-based compensation expense, net of tax benefit543 654
Non-GAAP net income$6,361$5,341
Weighted-average shares outstanding – diluted 12,870 12,826
Non-GAAP net income per share – diluted$0.49$0.42
Non-GAAP Free Cash Flow
Three Months Ended
March 31,
20262025
Net cash provided by operating activities$8,290$4,292
Less:
Capital Expenditures4693,917
1
Free cash flow$7,821$375
1 For the three months ended March 31, 2025, capital expenditures include approximately $3.4 million related to construction of new corporate office and manufacturing facility completed in 2025.
Media Contact:
IRADIMED CORPORATION
(407) 677-8022
InvestorRelations@iradimed.com

Source: View Original Filing on SEC EDGAR

FAQ

How did IRADIMED (IRMD) perform financially in Q1 2026?

IRADIMED reported strong Q1 2026 results with revenue of $22.0 million, up 13% year over year. GAAP net income was $5.8 million and diluted EPS was $0.45, while non-GAAP diluted EPS reached $0.49, reflecting solid profitability and growth.

What guidance did IRADIMED (IRMD) provide for Q2 2026 and full-year 2026?

For Q2 2026, IRADIMED expects revenue of $20.0–$21.0 million, GAAP diluted EPS of $0.40–$0.44, and non-GAAP diluted EPS of $0.44–$0.48. For full-year 2026, it reaffirmed revenue of $91.0–$96.0 million and GAAP diluted EPS of $1.90–$2.05.

What dividend did IRADIMED (IRMD) announce with its Q1 2026 results?

IRADIMED’s board declared a regular quarterly cash dividend of $0.20 per share of common stock. The dividend is payable on May 29, 2026 to stockholders of record as of May 15, 2026, continuing the company’s practice of returning cash to shareholders.

How strong was IRADIMED’s cash flow and free cash flow in Q1 2026?

In Q1 2026, IRADIMED generated $8.3 million of cash flow from operations, up 93% from the prior year period. After capital expenditures, free cash flow totaled $7.8 million, compared with $0.4 million a year earlier, demonstrating improved cash generation.

What were IRADIMED’s key profitability metrics for Q1 2026?

IRADIMED posted a gross profit margin of 77% in Q1 2026, slightly above the prior year. Operating income reached $7.2 million, a 33% increase, while GAAP net income was $5.8 million and non-GAAP net income was $6.4 million, highlighting strong operating leverage.

What new product did IRADIMED (IRMD) highlight in its Q1 2026 report?

IRADIMED highlighted the commercial launch of its next-generation 3870 MRI-compatible IV infusion pump system. Management reported encouraging customer reception, strong early order activity, and larger initial order sizes than the prior-generation platform, expecting significant shipments beginning in the second quarter of 2026.

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