iRadimed Corporation

IRADIMED Corp designs and sells MRI-compatible medical devices used inside scanner rooms, centered on infusion pumps, patient vital signs monitoring systems, and related disposables and service. The company serves hospitals and acute care facilities that need equipment that can operate safely in the magnetic environment of MRI suites.

32,6 %

76,7 %

26,8 %

+14,4 %

7.98

6.84

— iRadimed Corporation
%
MRI-compatible infusion pump systems45% Scanner-room infusion pumps and associated tubing sets used to deliver medication during MRI procedures.
MRI-compatible patient monitoring systems27% Vital signs monitoring systems designed to function safely in MRI environments.
Disposables21% Single-use tubing and related consumables sold with installed devices and recurring usage.
Service and maintenance7% Extended maintenance agreements, service work, and other support tied to installed equipment.

IRADIMED sells primarily to hospitals and acute care facilities with MRI equipment on site, where clinical staff need...

  • Hospitals with MRI suitesprimary

    Buy infusion pumps, monitors, and disposables for safe use during MRI procedures and to improve workflow.

  • Acute care facilitiesprimary

    Purchase MRI-compatible devices for critical-care imaging environments where patient monitoring is essential.

  • International distributorssecondary

    Buy products for resale outside the U.S., extending market reach where direct selling is less practical.

  • Installed-base customerssecondary

    Purchase disposables, service, and maintenance tied to existing IRADIMED equipment.

The business is heavily U.S.-centric, with 84% of 2025 revenue generated in the United States and 16% from...

  • •United States generated 84% of 2025 revenue
  • •International markets generated 16% of 2025 revenue
  • •International sales are mainly routed through distributors
  • •Manufacturing and storage are concentrated in Florida
  • •Single-site operations increase supply and continuity risk

IRADIMED is focused on growing its installed base in MRI-compatible devices while expanding recurring revenue from...

01
Grow installed base and recurring revenuemedium-term

Recurring disposables and service improve revenue visibility and leverage the installed base.

02
Expand manufacturing capacityshort-term

The new facility is intended to accommodate growth and support operations at higher scale.

03
Reduce supplier concentrationmedium-term

Single-sourced components create continuity risk, so internalizing key parts can improve resilience.

04
Drive product awareness and market share in MRI monitoringmedium-term

The 3880 monitor competes against established brands, so adoption depends on workflow and differentiation.

IRADIMED faces concentration risk from a limited product set, a single manufacturing site, and reliance on key...

high

Product concentration

A large share of revenue comes from a small number of MRI-compatible devices, so demand shifts can materially affect results.

Scope
Devices and related disposables
Materiality
high
high

Single-site manufacturing and storage

Manufacturing and inventory are concentrated in one Florida facility, increasing disruption risk from operational events.

Scope
Production continuity
Materiality
high
high

Supply-chain dependence

Critical raw materials and parts are sourced from single suppliers, including Chinese and Taiwanese manufacturers.

Scope
Components and subassemblies
Materiality
high
medium

Regulatory approval risk

Medical-device commercialization depends on FDA clearances and ongoing compliance, which can delay launches or require redesigns.

Scope
New products and modifications
Materiality
high
medium

Competitive pressure

Larger rivals have broader product lines, deeper resources, and established customer relationships.

Scope
MRI-compatible monitoring and infusion systems
Materiality
medium
medium

International distributor dependence

Non-U.S. sales rely on third parties, which can weaken pricing control and execution quality.

Scope
International revenue
Materiality
medium
Revenue recognition by product type
Can shift revenue between periods and affect gross margin trends
Allowance for doubtful accounts
Affects operating income and receivables valuation
Inventory valuation
Can materially affect cost of revenue and gross profit
Long-lived asset and facility depreciation
Affects operating expense run-rate and asset carrying values
Income tax estimates and credits
Can move effective tax rate and net income
Seasonality
Can create uneven revenue and order trends

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: 28/04/2026