Iradimed (IRMD) Quarterly and Annual Segment Results by Country and Region - CSIMarket
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Iradimed Corporation  (NASDAQ: IRMD)

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Description of Iradimed's Business Segments


Iradimed Corporation is a medical technology company that specializes in the development and manufacturing of innovative products and services, primarily aimed at enhancing patient safety and improving the quality of care in MRI (Magnetic Resonance Imaging) environments. Below is an extensive overview of the segments, products, and services that Iradimed Corporation offers.

Segments

1. MRI-Compatible Products: This segment focuses on designing and manufacturing medical devices that are safe for use in MRI environments. Iradimed’s key focus is on reducing risks associated with traditional devices that may contain metal components that can interfere with MRI imaging or pose hazards during MRI scans.

2. Patient Monitoring Solutions: Iradimed develops and provides advanced patient monitoring systems specifically designed for use in MRI environments. These solutions aim to enhance the monitoring of patients during their imaging procedures while maintaining compatibility with MRI technology.

3. Anesthesia Delivery Devices: The company produces innovative anesthesia delivery products that are also MRI-compatible, ensuring that anesthesia can be safely administered to patients undergoing MRI scans without compromising the imaging quality or placing patients at risk.

4. Service and Support: This segment includes a range of services that support customers in training, installation, maintenance, and repair of Iradimed’s products. The goal is to ensure seamless use of their technologies and to enhance customer satisfaction through comprehensive support.

Products

1. MRI-Compatible Infusion Systems:
- Iradimeds infusion systems are specially designed to be safe for use in the MRI suite. These systems allow for continuous drug delivery to patients during their scans.
- Features may include wireless operation, integration with patient monitoring systems, and a focus on accuracy in drug delivery.

2. MRI-Compatible Patient Monitors:
- Iradimed provides patient monitoring systems that are capable of remote monitoring in an MRI environment.
- These monitors typically feature capabilities for tracking vital signs such as heart rate, blood pressure, and oxygen saturation, all while ensuring electromagnetic compatibility with MRI machines.

3. MRI-Compatible Anesthesia Machines:
- The anesthesia machines developed by Iradimed are designed to function without interfering with MRI imaging.
- This range might include features such as intuitive controls, advanced ventilation options, and precise gas delivery systems tailored for the MRI settings.

4. Patient Safety Products:
- A line of products aimed at improving patient outcomes during MRI scans. This can include specialized safety equipment or accessories designed to assist healthcare providers in ensuring patient comfort and security.

5. MRI-Compatible Accessories:
- These include various accessories that support the operation of MRI machines and patient care, such as specialized MRI-safe wiring, electrodes for monitoring, and other disposables that are critical during imaging procedures.

Services

1. Customer Training Programs:
- Iradimed provides training for healthcare professionals on the proper use of their products, ensuring that customers are equipped to utilize the technologies effectively and safely.
- This can include hands-on workshops and training sessions that focus on both the practical and theoretical aspects of using their medical devices in MRI environments.

2. Technical Support and Maintenance:
- The company offers ongoing technical support to customers, providing assistance as needed for installation, troubleshooting, and maintenance of their products to ensure optimal performance.
- This could involve remote support systems as well as field service technicians who can assist in-person when required.

3. Regulatory Compliance Advice:
- Iradimed assists its clients in navigating the complex landscape of medical device regulation, ensuring that their practices and equipment comply with local and international standards for patient care and safety.

4. Partnership and Collaboration:
- The company actively seeks partnerships with medical institutions, research organizations, and other stakeholders to enhance the development of MRI-compatible technologies and improve patient outcomes.

In summary, Iradimed Corporation operates at the intersection of healthcare and advanced technology, focusing on the development of MRI-compatible products and services that promote safety, efficacy, and improved patient experiences in medical imaging environments. Their comprehensive range of products, from infusion systems to patient monitors, combined with robust training and support services, demonstrates their commitment to innovation in medical technology.


Composition of Iradimed Corporation Revenues by Segments

 
United States    169.77 % of total Revenue
MRI Compatible Intravenous IV Infusion Pump Systems    37.62 % of total Revenue
MRI Compatible IV Infusion Pumps    68.86 % of total Revenue
MRI Compatible Patient Vital Signs Monitoring Systems    67.29 % of total Revenue
Services and other    6.92 % of total Revenue
Device Revenue    142.88 % of total Revenue
Disposable Revenue    47.29 % of total Revenue
Service    10.3 % of total Revenue

Q2 three months ended (Jun 30 2026)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
United States 34.75 169.77 %
MRI Compatible Intravenous IV Infusion Pump Systems 7.70 37.62 %
MRI Compatible IV Infusion Pumps 14.09 68.86 %
MRI Compatible Patient Vital Signs Monitoring Systems 13.77 67.29 %
Services and other 1.42 6.92 %
Device Revenue 29.24 142.88 %
Disposable Revenue 9.68 47.29 %
Service 2.11 10.3 %
Total 20.47 100 %




Q2 three months ended (Jun 30 2026)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
United States 91.01 % 92.76 %
MRI Compatible Intravenous IV Infusion Pump Systems -5.97 % 0.46 %
MRI Compatible IV Infusion Pumps - -
MRI Compatible Patient Vital Signs Monitoring Systems 131.69 % 93.78 %
Services and other - 35.86 %
Device Revenue - -
Disposable Revenue - -
Service - -
Total 0.28 % -6.88 %




Q2 three months ended (Jun 30 2026)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Total 5.22 25.5 %




Q2 three months ended (Jun 30 2026)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Total -9.63 % -10.31 %




Annual Report on Iradimed Corporation Divisions, Sales by Country

 
United States   United States Segment contribution to total sales 84.18 % of total Revenue
MRI Compatible Intravenous IV Infusion Pump Systems   MRI Compatible Intravenous IV Infusion Pump Systems Segment contribution to total sales 37.75 % of total Revenue
MRI Compatible Patient Vital Signs Monitoring Systems   MRI Compatible Patient Vital Signs Monitoring Systems Segment contribution to total sales 31.53 % of total Revenue
International   International Segment contribution to total sales 15.82 % of total Revenue
Ferro Magnetic Detection Systems   Ferro Magnetic Detection Systems Segment contribution to total sales 2.29 % of total Revenue


Twelve months ended 2025
IRMD s Annual Revenue by Geography and Business Segments Sales
(in millions $)
%
(of total Sales)
United States 70.56 84.18 %
MRI Compatible Intravenous IV Infusion Pump Systems 31.64 37.75 %
MRI Compatible Patient Vital Signs Monitoring Systems 26.43 31.53 %
Total 83.81 100 %
International 13.26 15.82 %
Ferro Magnetic Detection Systems 1.92 2.29 %


Twelve months ended 2025
IRMD s Annual Income by Country and Business Segments Income
(in millions $)
%
(Profit Margin)
Total 22.48 26.82 %

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
United States 16.42 % -
MRI Compatible Intravenous IV Infusion Pump Systems 18.94 % -
MRI Compatible Patient Vital Signs Monitoring Systems 8.25 % -
Total 14.43 % 16.88 %
International 4.91 % -
Ferro Magnetic Detection Systems 110.55 % -



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