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  "documentTitle": "iRhythm Technologies, Inc. (IRTC)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Spruce Point Capital Management",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-08-18 00:00:00",
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  "notes": "Includes footnotes regarding share counts, cash, and debt adjustments.",
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      "kind": "callout",
      "text": "iRhythm trades at a $5.4 billion market capitalization and mid-to-high-single-digit revenue multiples despite an anticipated deterioration in revenue growth, which we believe may even prove optimistic. We also believe Wall Street expectations for improved profitability are likely to disappoint. Despite this, iRhythm shares have gained 78% year-to-date.",
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      "kind": "callout",
      "text": "iRhythm trades at a $5.4 billion market capitalization and mid-to-high-single-digit revenue multiples despite an anticipated deterioration in revenue growth, which we believe may even prove optimistic.",
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      "text": "Market Capitalization: $5.4 billion",
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      "text": "Source: iRhythm 2024 10-K, iRhythm Q2 2025 10-Q, S&P Capital IQ",
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      "text": "Valuation table including Stock Price, Shares Outstanding, Market Cap, and Enterprise Value.",
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      "text": "iRhythm Trades At A Premium Valuation Despite Slowing Growth",
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