IRMD IRADIMED CORP

FY2025 10-K
Filed: Mar 6, 2026
Health Care
Surgical & Medical Instruments & ApparatusSEC EDGAR

IRADIMED CORP (IRMD) filed its fiscal year 2025 10-K annual report with the SEC on Mar 6, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business: Development and sale of MRI compatible medical devices, notably IV infusion pumps and patient vital signs monitors for safe MRI environment use
  • New product emphasis: MRidium 3870 MRI Compatible IV Infusion Pump System launched in 2025 with Remote Display Unit for control from MRI control room
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Management Discussion & Analysis

  • Revenue $83.8M in 2025, up 14.4% YoY from $73.2M in 2024, driven by U.S. sales +$10.0M (16.4%) and international sales +$0.6M (4.8%)
  • Operating margin 31.2% in 2025 vs 30.0% in 2024; gross profit margin stable at 77% both years
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Risk Factors

  • FDA regulatory risk: potential refusal or revocation of 510(k) clearances affecting MRidium infusion pumps and 3880 patient monitors
  • Geopolitical risk: supply chain disruption from tariffs, trade restrictions, and political instability impacting sourcing of proprietary raw materials
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