IRADIMED CORPORATION (IRMD) Q3 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 03 2025
0mins
Should l Buy IRMD?
Source: SeekingAlpha
Revenue $21.2 million in Q3 2025, a 16% increase from $18.3 million in Q3 2024. Growth driven by strong performance across product lines, particularly MRI compatible IV infusion pump systems and patient vital signs monitoring systems.
Gross Profit $16.4 million in Q3 2025, up 16% from $14.1 million in Q3 2024. Gross margin was 78%, compared to 77% in Q3 2024. Improvement attributed to strong margin performance despite moving manufacturing operations to a new facility.
Operating Expenses $9.7 million in Q3 2025, up 15% from $8.4 million in Q3 2024. Increase driven by higher sales and marketing expenses, modest increases in general and administrative costs, and research and development expenses.
Income from Operations $6.8 million in Q3 2025, a 17% increase from $5.8 million in Q3 2024. Growth attributed to higher revenue and controlled cost of goods sold.
Net Income $5.6 million or $0.43 per diluted share in Q3 2025, a 12% increase from $5 million or $0.40 per diluted share in Q3 2024. Non-GAAP net income was $6.1 million or $0.47 per diluted share, up 9% from $0.43.
Cash and Cash Equivalents $56.5 million at the end of Q3 2025, up from $52.2 million at year-end 2024. Increase driven by strong cash flow from operations.
Cash Flow from Operations $7 million for Q3 2025 and $19 million year-to-date. Free cash flow was $5.7 million for the quarter and $11 million year-to-date, reflecting capital expenditures of $8 million year-to-date.
MRI Compatible IV Infusion Pump Systems Revenue $8.3 million in Q3 2025, up 20% year-over-year. Growth driven by increased shipments and replacement orders for older pumps.
Patient Vital Signs Monitoring Systems Revenue $6.9 million in Q3 2025, up 16% year-over-year. Growth attributed to successful emphasis on monitoring sales.
Disposable Revenue $4.1 million in Q3 2025, a 12% increase year-over-year. Growth reflects increased utilization of devices.
Domestic Sales $18.1 million in Q3 2025, a 19% increase year-over-year. Domestic revenue accounted for 85% of total revenue, up from 83% in Q3 2024.
International Sales $3.1 million in Q3 2025, consistent with Q3 2024.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy IRMD?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on IRMD
Wall Street analysts forecast IRMD stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 94.950
Low
98.00
Averages
99.00
High
100.00
Current: 94.950
Low
98.00
Averages
99.00
High
100.00
About IRMD
IRadimed Corporation develops, manufactures, markets and distributes magnetic resonance imaging (MRI) compatible medical devices and accessories and services. Its MRidium 3860+ MRI Compatible IV infusion pump system provides a non-magnetic Intravenous (IV) infusion pump system that is specifically designed for safe use during MRI procedures. Its MRidium MRI compatible IV infusion pump system has been designed with a non-magnetic ultrasonic motor with non-ferrous parts and other special features to deliver anesthesia safely and predictably and other IV medications or fluids during various MRI procedures. Its IRadimed 3880 MRI Compatible patient vital signs monitoring system has been designed with non-magnetic components and other features to monitor a patient’s vital signs safely and accurately during various MRI procedures. The Company sells its products primarily to hospitals and acute care facilities. The IRADIMED 3880 system operates dependably in magnetic fields up to 30,000 gauss.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Iradimed Corporation to Participate in 38th Annual Roth Conference
- Conference Participation: Iradimed Corporation will participate in the 38th Annual Roth Conference from March 22 to 24, 2026, at the Ritz-Carlton in Laguna Niguel, CA, where CEO Roger Susi and CFO Jack Glenn will hold one-on-one meetings with investors to strengthen relationships and showcase the company's innovative capabilities.
- Product Innovation: Iradimed is the only provider of a non-magnetic intravenous infusion pump system specifically designed for MRI procedures, enabling safe and reliable delivery of anesthesia and other IV fluids, significantly reducing common risks associated with MRI operations.
- Monitoring System Advantages: The Iradimed 3880 MRI-compatible patient vital signs monitoring system operates reliably in magnetic fields up to 30,000 gauss, ensuring continuous monitoring of patient vital signs during MRI scans, thereby enhancing the safety of critically ill patients.
- Technical Features: This monitoring system includes features such as wireless ECG, wireless SpO2, and non-magnetic respiratory CO2, with a compact and lightweight design that facilitates use during patient transfers, ensuring that critically ill patients remain in critical care units during MRI scans.
See More
IRadimed (IRMD.US) Officer Plans to Sell $9.87 Million in Common Stock via Form 144
Stock Sale Announcement: Officer Roger E. Susi intends to sell 100,000 shares of Iradimed's common stock on March 6, with a total market value of approximately $9.87 million.
Reduction in Shareholding: Since December 8, 2025, Roger E. Susi has reduced his shareholding in Iradimed by 40,000 shares, valued at approximately $3.92 million.
See More
Nine Ten Capital Management Sells IRadimed Shares Worth $29.42 Million
- Share Reduction Details: Nine Ten Capital Management sold 342,907 shares of IRadimed in Q4 2026, with an estimated trade value of $29.42 million, reflecting the impact of share price changes and the sale on its investment portfolio.
- Portfolio Adjustment: Following the sale, IRadimed now represents 13.2% of Nine Ten's 13F reportable assets, indicating a cautious approach to managing concentration risk within the fund's holdings.
- Strong Company Performance: IRadimed achieved its 18th consecutive quarter of record revenue in 2025, with Q4 sales reaching $22.7 million, a 17% year-over-year increase, showcasing its robust position in the MRI-compatible medical device market.
- Future Outlook: The company anticipates revenue of up to $96 million in 2026, with the broader rollout of the new 3870 MRI-compatible infusion pump expected to drive further growth, suggesting that long-term investors should focus on fundamentals despite the recent share reduction.
See More
Iradimed Reports Record Revenue for 18th Consecutive Quarter
- Sustained Revenue Growth: In Q4 2025, Iradimed achieved $22.7 million in revenue, a 17% increase from Q4 2024, marking the company's 18th consecutive quarter of record revenue, demonstrating its robust performance in the medical device market.
- Significant Net Income Rise: The company's non-GAAP net income reached $7 million, up 23% year-over-year, with earnings per share at $0.54, exceeding analyst expectations of $0.48, further solidifying investor confidence.
- Sales Driven by New Product: The launch of the 3870 intravenous infusion pump during the quarter boosted sales, indicating the company's innovative capabilities and effective response to market demand in MRI-compatible equipment.
- Dividend Increase: The company announced an increase in its quarterly dividend from $0.17 to $0.20 per share, effective March 6, reflecting financial health and confidence in future growth while enhancing shareholder returns.
See More
Iradimed Reports Record Revenue for 18th Consecutive Quarter
- Record Revenue: Iradimed achieved $22.7 million in revenue for Q4 2025, marking a 17% increase over Q4 2024, and setting a new all-time high for the 18th consecutive quarter, indicating robust growth in the medical device sector.
- Profit Exceeds Expectations: The company reported a non-GAAP net income of $7 million, translating to $0.54 per share, which surpassed the consensus analyst estimate of $0.48 by 12.5%, reflecting ongoing improvements in profitability.
- New Product Impact: The launch of the 3870 intravenous infusion pump during the quarter has strengthened Iradimed's competitive position in the MRI-compatible equipment market, which is expected to drive future sales growth.
- Dividend Increase: The company announced an increase in its quarterly dividend from $0.17 to $0.20 per share, effective March 6, demonstrating confidence in future cash flows and commitment to shareholder returns.
See More
IRadimed Corporation Reports Record Q4 2025 Earnings and Strong Growth Outlook
- Record Revenue Growth: IRadimed achieved $22.7 million in revenue for Q4 2025, a 17% year-over-year increase, marking the company's 18th consecutive quarter of record revenue, which exceeded prior guidance and reflects strong market demand and execution.
- Improved Profitability: The company reported GAAP diluted EPS of $0.50 and non-GAAP diluted EPS of $0.54 for the fourth quarter, both showing year-over-year growth, indicating significant progress in cost control and gross margin enhancement, with a margin of 75%.
- Strong Product Line Performance: The MRI-compatible IV infusion pump systems contributed $9.1 million in revenue for Q4, up 20% year-over-year, while patient vital signs monitoring systems and disposables also saw increases of 7.5% and 18%, respectively, demonstrating the success of a diversified product portfolio.
- Optimistic Future Outlook: Management projects a revenue run rate exceeding $100 million in 2026, primarily driven by demand for the 3870 pump systems and growth in international sales, emphasizing confidence in new product launches and market expansion.
See More
Iradimed Corporation to Participate in 38th Annual Roth Conference
- Conference Participation: Iradimed Corporation will participate in the 38th Annual Roth Conference from March 22 to 24, 2026, at the Ritz-Carlton in Laguna Niguel, CA, where CEO Roger Susi and CFO Jack Glenn will hold one-on-one meetings with investors to strengthen relationships and showcase the company's innovative capabilities.
- Product Innovation: Iradimed is the only provider of a non-magnetic intravenous infusion pump system specifically designed for MRI procedures, enabling safe and reliable delivery of anesthesia and other IV fluids, significantly reducing common risks associated with MRI operations.
- Monitoring System Advantages: The Iradimed 3880 MRI-compatible patient vital signs monitoring system operates reliably in magnetic fields up to 30,000 gauss, ensuring continuous monitoring of patient vital signs during MRI scans, thereby enhancing the safety of critically ill patients.
- Technical Features: This monitoring system includes features such as wireless ECG, wireless SpO2, and non-magnetic respiratory CO2, with a compact and lightweight design that facilitates use during patient transfers, ensuring that critically ill patients remain in critical care units during MRI scans.
See More
IRadimed (IRMD.US) Officer Plans to Sell $9.87 Million in Common Stock via Form 144
Stock Sale Announcement: Officer Roger E. Susi intends to sell 100,000 shares of Iradimed's common stock on March 6, with a total market value of approximately $9.87 million.
Reduction in Shareholding: Since December 8, 2025, Roger E. Susi has reduced his shareholding in Iradimed by 40,000 shares, valued at approximately $3.92 million.
See More
Nine Ten Capital Management Sells IRadimed Shares Worth $29.42 Million
- Share Reduction Details: Nine Ten Capital Management sold 342,907 shares of IRadimed in Q4 2026, with an estimated trade value of $29.42 million, reflecting the impact of share price changes and the sale on its investment portfolio.
- Portfolio Adjustment: Following the sale, IRadimed now represents 13.2% of Nine Ten's 13F reportable assets, indicating a cautious approach to managing concentration risk within the fund's holdings.
- Strong Company Performance: IRadimed achieved its 18th consecutive quarter of record revenue in 2025, with Q4 sales reaching $22.7 million, a 17% year-over-year increase, showcasing its robust position in the MRI-compatible medical device market.
- Future Outlook: The company anticipates revenue of up to $96 million in 2026, with the broader rollout of the new 3870 MRI-compatible infusion pump expected to drive further growth, suggesting that long-term investors should focus on fundamentals despite the recent share reduction.
See More
Iradimed Reports Record Revenue for 18th Consecutive Quarter
- Sustained Revenue Growth: In Q4 2025, Iradimed achieved $22.7 million in revenue, a 17% increase from Q4 2024, marking the company's 18th consecutive quarter of record revenue, demonstrating its robust performance in the medical device market.
- Significant Net Income Rise: The company's non-GAAP net income reached $7 million, up 23% year-over-year, with earnings per share at $0.54, exceeding analyst expectations of $0.48, further solidifying investor confidence.
- Sales Driven by New Product: The launch of the 3870 intravenous infusion pump during the quarter boosted sales, indicating the company's innovative capabilities and effective response to market demand in MRI-compatible equipment.
- Dividend Increase: The company announced an increase in its quarterly dividend from $0.17 to $0.20 per share, effective March 6, reflecting financial health and confidence in future growth while enhancing shareholder returns.
See More
Iradimed Reports Record Revenue for 18th Consecutive Quarter
- Record Revenue: Iradimed achieved $22.7 million in revenue for Q4 2025, marking a 17% increase over Q4 2024, and setting a new all-time high for the 18th consecutive quarter, indicating robust growth in the medical device sector.
- Profit Exceeds Expectations: The company reported a non-GAAP net income of $7 million, translating to $0.54 per share, which surpassed the consensus analyst estimate of $0.48 by 12.5%, reflecting ongoing improvements in profitability.
- New Product Impact: The launch of the 3870 intravenous infusion pump during the quarter has strengthened Iradimed's competitive position in the MRI-compatible equipment market, which is expected to drive future sales growth.
- Dividend Increase: The company announced an increase in its quarterly dividend from $0.17 to $0.20 per share, effective March 6, demonstrating confidence in future cash flows and commitment to shareholder returns.
See More
IRadimed Corporation Reports Record Q4 2025 Earnings and Strong Growth Outlook
- Record Revenue Growth: IRadimed achieved $22.7 million in revenue for Q4 2025, a 17% year-over-year increase, marking the company's 18th consecutive quarter of record revenue, which exceeded prior guidance and reflects strong market demand and execution.
- Improved Profitability: The company reported GAAP diluted EPS of $0.50 and non-GAAP diluted EPS of $0.54 for the fourth quarter, both showing year-over-year growth, indicating significant progress in cost control and gross margin enhancement, with a margin of 75%.
- Strong Product Line Performance: The MRI-compatible IV infusion pump systems contributed $9.1 million in revenue for Q4, up 20% year-over-year, while patient vital signs monitoring systems and disposables also saw increases of 7.5% and 18%, respectively, demonstrating the success of a diversified product portfolio.
- Optimistic Future Outlook: Management projects a revenue run rate exceeding $100 million in 2026, primarily driven by demand for the 3870 pump systems and growth in international sales, emphasizing confidence in new product launches and market expansion.
See More
