Iradimed (IRMD) AI Stock Analysis

• Market Cap: $900.07M
• Dividend Yield: 0.93%
• Average Volume (3M): 46.86K
• Price to Earnings (P/E): 44.3
• Beta (1Y): 0.81
• Revenue Growth: 11.73%
• EPS Growth: 10.27%
• Country: US
• Employees: 160
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Devices
• EPS (TTM): 0.49
• Shares Outstanding: 12,720,002
• 10 Day Avg. Volume: 36,149
• 30 Day Avg. Volume: 46,859
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.79
• Enterprise Value/Revenue: 9.20
• Enterprise Value/Gross Profit: 11.96
• Enterprise Value/Ebitda: 26.76
• 1Y Price Target: $76.50
• Price Target Upside: 5.69% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 80 Outperform
• Price Target: $81.00 ▲(11.91% Upside)

Iradimed's strong financial performance and positive earnings call sentiment are the primary drivers of its high score. Technical indicators suggest positive momentum, though caution is advised due to potential overvaluation and overbought signals. Corporate governance decisions further support the company's strategic direction.

Iradimed Business Overview & Revenue Model

Company Description

IRADIMED CORPORATION develops, manufactures, markets, and distributes magnetic resonance imaging (MRI) compatible medical devices, and related accessories and services in the United States and internationally. It offers MRidium MRI compatible intravenous (IV) infusion pump system with associated disposable IV tubing sets; and MRI compatible patient vital signs monitoring system. The company also provides non-magnetic IV poles, wireless remote displays/controls, side car pump modules, dose error reduction systems, and SpO2 monitoring with sensors and accessories. It serves hospitals, acute care facilities, and outpatient imaging centers. The company sells its products through direct field sales representatives, regional sales directors, clinical support representatives, and independent distributors. IRADIMED CORPORATION was incorporated in 1992 and is headquartered in Winter Springs, Florida.

How the Company Makes Money

Iradimed generates revenue primarily through the sale of its MRI-compatible infusion pumps and associated disposables. The company’s revenue model is centered around the direct sale of these medical devices to hospitals and healthcare facilities, which often require ongoing maintenance and support. Additionally, Iradimed benefits from recurring revenue through the sale of disposable components that accompany their infusion pumps. Strategic partnerships with healthcare providers and distributors, along with a focus on expanding their product line and entering new markets, further contribute to their earnings. The company also invests in research and development to innovate and enhance their product offerings, ensuring a competitive edge and sustained revenue growth.

Iradimed Financial Statement Overview

Summary

Iradimed demonstrates strong financial performance with robust revenue growth, high gross profit margins, and a solid balance sheet with minimal debt. Cash flow generation is consistent, although net profit margins and capital expenditures could be optimized further.

Income Statement

Iradimed has demonstrated robust revenue growth with a 41.0% increase from 2022 to 2023 and a further 14.0% increase in 2024. Gross profit margins have remained strong, averaging around 77% over recent periods. The company maintains healthy EBIT and EBITDA margins, showcasing strong operational efficiency and profitability. However, the net profit margin, while solid, indicates room for further optimization.

Balance Sheet

The balance sheet of Iradimed is very healthy, with a remarkably low debt-to-equity ratio, indicating minimal leverage risk. The equity ratio is strong, reflecting a robust balance of equity to total assets. ROE is impressive, showing efficient use of equity to generate profits. Overall, the company has a solid financial position with low liabilities relative to equity.

Cash Flow

Iradimed shows a positive cash flow trend, with stable free cash flow generation despite fluctuations in capital expenditures. The operating cash flow to net income ratio is strong, indicating efficient cash conversion from profits. The free cash flow to net income ratio is consistent, though recent capital expenditures have slightly impacted free cash flow growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	77.64M	73.24M	65.56M	53.30M	41.81M	31.72M
Gross Profit	59.75M	56.35M	50.16M	41.28M	32.05M	23.57M
EBITDA	26.70M	22.78M	20.80M	16.30M	11.22M	3.28M
Net Income	20.66M	19.23M	17.19M	12.83M	9.33M	1.37M
Balance Sheet
Total Assets	106.45M	98.33M	92.16M	85.51M	82.88M	71.07M
Cash, Cash Equivalents and Short-Term Investments	53.00M	52.23M	49.76M	57.96M	62.50M	51.98M
Total Debt	0.00	154.69K	2.04M	2.21M	2.48M	2.72M
Total Liabilities	12.15M	11.51M	20.74M	11.84M	10.71M	9.68M
Stockholders Equity	94.30M	86.82M	71.42M	73.67M	72.17M	61.38M
Cash Flow
Free Cash Flow	13.55M	17.62M	5.46M	8.17M	10.52M	5.18M
Operating Cash Flow	27.14M	25.62M	13.47M	10.04M	11.26M	5.82M
Investing Cash Flow	-13.81M	-8.82M	-8.01M	-1.37M	648.24K	246.97K
Financing Cash Flow	-8.87M	-14.34M	-13.66M	-12.71M	24.43K	522.48K

Iradimed Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 72.38
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IRMD, the sentiment is Positive. The current price of 72.38 is above the 20-day moving average (MA) of 72.00, above the 50-day MA of 66.70, and above the 200-day MA of 58.04, indicating a bullish trend. The MACD of 1.13 indicates Positive momentum. The RSI at 57.03 is Neutral, neither overbought nor oversold. The STOCH value of 23.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IRMD.

Iradimed Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IRMD	80 Outperform	$900.07M	44.32	23.75%	0.93%	11.73%	10.27%
SIBN	63 Neutral	634.60M	-26.96	-18.51%	―	22.93%	43.83%
BVS	55 Neutral	572.97M	-972.97	-0.10%	―	5.08%	99.38%
AVNS	52 Neutral	550.33M	-1.22	-59.67%	―	1.48%	-6091.13%
CBLL	52 Neutral	438.13M	-9.14	-21.16%	―	0.00%	0.00%
RXST	51 Neutral	366.61M	-11.89	-11.60%	―	27.68%	20.87%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%

Iradimed Corporate Events

Iradimed Appoints Joe Kiani as New Director

On August 27, 2025, Anthony Vuoto retired from his position as a director of Iradimed Corporation and as chairman of the Compensation Committee for personal reasons, without any disagreements with the company. Following his retirement, Joe Kiani, a renowned medical technology innovator, was appointed on September 2, 2025, to fill the vacancy, maintaining the board size at five directors. Kiani, recognized for his expertise and leadership in medical technology, will serve as a member of the Audit Committee and chairman of the Compensation Committee, contributing to Iradimed’s growth in the medical device sector.

Iradimed Holds Annual Stockholders Meeting, Key Decisions Made

On June 19, 2025, Iradimed Corporation held its Annual Meeting of Stockholders, where several key decisions were made. Stockholders elected five directors to the Board, ratified RSM US LLP as the independent auditor for 2025, and approved an advisory resolution on executive compensation. These outcomes reflect shareholder support for the company’s leadership and strategic direction, potentially impacting its governance and operational oversight.