IRADIMED (IRMD) Cash Flow: Operating & Free Cash Flow

IRADIMED (IRMD) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), IRADIMED generated $24.95M of operating cash flow and spent $8.42M on capital expenditures. That left free cash flow of $16.53M, down 6.2% from $17.62M a year earlier, or 19.7% of revenue. It returned $17.60M to shareholders through $15.04M in dividends and $2.56M in share buybacks.

IRADIMED Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for IRADIMED CORPORATION (IRMD) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	22.48	19.23	17.19	12.83	9.33	1.37	9.63	6.30	0.50
Depreciation & Amortization	1.17	0.82	0.77	0.67	1.41	1.34	1.24	1.11	1.31
Deferred Income Tax	2.73	-0.70	-1.17	0.06	0.52	0.39	-0.60	-0.14	-0.15
Stock Based Compensation	2.92	2.52	2.19	1.39	1.46	3.96	1.85	1.76	2.45
Change in Working Capital	-4.35	3.75	-5.91	-5.06	-1.58	-1.17	-1.97	-1.81	-1.12
Change in Accounts Receivable	-3.03	1.76	0.84	-8.24	-0.58	2.69	-3.11	-0.45	-0.20
Change in Inventory	-1.38	3.13	-7.47	-1.31	-0.39	-0.28	0.12	-0.12	-0.33
Change in Accounts Payable	1.89	-0.86	-0.24	1.12	0.03	-0.40	0.15	0.03	-0.52
Change in Other Working Capital	-0.15	-0.28	0.93	-0.27	-0.64	-3.18	0.87	-1.27	-0.06
Other Operating Activities	2.73	0.00	0.40	0.21	0.12	-0.07	0.07	0.16	0.42
Net Cash from Operating Activities	24.95	25.62	13.47	10.04	11.26	5.82	10.23	7.38	3.42
Investing Activities
Capital Expenditures	-8.42	-8.01	-8.01	-0.82	-0.74	-0.64	-0.49	-0.26	-0.82
Acquisitions	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.05
Purchases of Investments	0.00	0.00	0.00	0.50	0.00	0.00	0.00	-1.12	-2.69
Sales/Maturities of Investments	0.00	0.00	0.00	0.50	1.39	0.88	3.69	2.91	2.50
Other Investing Activities	-0.66	-0.81	-0.57	-1.05	-0.26	0.00	-0.12	-0.04	-0.05
Net Cash from Investing Activities	-8.42	-8.82	-8.01	-1.37	0.65	0.25	3.20	1.52	-1.02
Financing Activities
Common Stock Issued	0.00	0.03	0.00	0.15	0.00	1.73	0.00	1.24	0.00
Common Stock Repurchased	-2.56	0.00	0.00	-0.29	0.00	0.00	0.00	-0.31	-1.82
Dividends Paid	-15.04	-13.68	-13.22	-12.56	0.00	0.00	0.00	0.00	0.00
Other Financing Activities	-2.56	-0.69	-0.61	-0.15	0.02	-1.21	2.02	0.93	-0.08
Net Cash from Financing Activities	-17.60	-14.34	-13.66	-12.71	0.02	0.52	2.02	0.93	-1.90
Summary
Net Change in Cash	-1.08	2.47	-8.20	-4.04	11.93	6.59	15.45	9.82	0.49
Cash at Beginning of Period	52.23	49.76	57.96	62.00	50.07	43.48	28.03	18.21	17.71
Cash at End of Period	51.16	52.23	49.76	57.96	62.00	50.07	43.48	28.03	18.21
Free Cash Flow	16.53	17.62	5.46	9.22	10.52	5.18	9.75	7.11	2.59
Supplemental Disclosures
Income Taxes Paid	-	6.51	5.35	1.71	0.97	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About IRADIMED Cash Flow

What is IRADIMED's free cash flow?

IRADIMED generated free cash flow of $16.53M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $24.95M minus $8.42M of capital expenditures. That was down 6.2% from $17.62M a year earlier. Free cash flow equaled 19.7% of revenue.

How much does IRADIMED spend on capital expenditures?

IRADIMED spent $8.42M on capital expenditures in fiscal 2025, compared with $8.01M a year earlier. That equals 33.8% of operating cash flow.

Does IRADIMED pay dividends or buy back shares?

Yes. In fiscal 2025 IRADIMED returned $15.04M in dividends and $2.56M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition