IRADIMED CORP

IRADIMED Corporation (Nasdaq: IRMD) develops, manufactures, markets and distributes magnetic resonance imaging compatible medical devices and related accessories, disposables and services. The company is the only known provider of a non-magnetic intravenous infusion pump system specifically designed for safe use during MRI procedures, operating dependably in magnetic fields up to 15,000 gauss.

The company's primary product portfolio consists of four main offerings. The MRidium 3870 MRI Compatible IV Infusion Pump System, introduced in 2025, features a non-magnetic ultrasonic motor and touch screen interface designed to safely deliver anesthesia and critical care IV fluids during MRI procedures. The MRidium 3860+ IV Infusion Pump System, introduced in 2009, represents the company's second-generation infusion pump technology. The IRadimed 3880 MRI Compatible Patient Vital Signs Monitoring System operates in magnetic fields up to 30,000 gauss and provides wireless ECG, blood oxygen saturation monitoring, and blood pressure capabilities. The company also offers the IRadimed FMD1 3600 ferromagnetic detection device with remote alarm logging capabilities, introduced in 2022.

As of December 31, 2025, the company had sold approximately 13,098 MRI compatible IV infusion pump system channels and approximately 3,397 of its 3880 vital signs monitoring systems. The company employs a direct sales strategy in the United States with 29 field sales representatives, 4 regional sales directors, and 10 clinical application specialists. Internationally, products are marketed through independent distributors in approximately 80 countries.

In fiscal year 2025, the company generated revenue of $83.8 million with operating income of $26.1 million, representing an operating profit margin of approximately 31.2 percent. The company sells primarily to hospitals and acute care facilities. The business model generates revenue from device sales, extended maintenance agreements, service contracts, and disposable products used with its devices. The company was originally incorporated in Oklahoma in 1992 and reincorporated in Delaware in 2014.