Amendment to Current Report (Form 8-K/A)

IRADIMED CORPORATION Reports Second Quarter 2026 Financial Results

Announces Regular Quarterly Cash Dividend of $0.20 Per Share

Reaffirms Full-Year 2026 Revenue and Earnings Guidance

•Reports revenue of $20.5 million for the second quarter of 2026, which increased by $0.1 million, or 0.5% compared to the same period in 2025.

•Reports GAAP diluted EPS of $0.41 and non-GAAP diluted EPS of $0.46 for the second quarter of 2026.

•Declares a regular quarterly cash dividend of $0.20 per share of common stock for the second quarter of 2026, payable on August 28, 2026.

Orlando, Florida, July 31, 2026 - IRADIMED CORPORATION (the "Company" or "Iradimed") (NASDAQ: IRMD) announced today its financial results for the three and six months ended June 30, 2026. The Company is a leader in developing innovative magnetic resonance imaging ("MRI") compatible medical devices and products. The Company is a provider of (i) non-magnetic intravenous ("IV") infusion pump systems and (ii) a non-magnetic patient vital signs monitoring system that are each designed for use during MRI procedures.

"The second quarter marked the first step in the actual launch of the new 3870 MR IV pump and transitioning of IV pump revenue from the older 3860 to this next-generation 3870 platform. Second-quarter revenue was in line with our expectations, and the initial 3870 shipments met our plan. This was our first sizable production ramp of the new pump, with expected startup inertia and challenges, which were well managed by our manufacturing and engineering teams. We anticipate that as experience and volumes build through the balance of the year, we will continue to gain efficiencies, which we expect will be reflected in a higher gross margin in the second half of the year.

"We have been very pleased with our bookings for the quarter as domestic monitor unit bookings set a record, and the new 3870 bookings aligned with our expectations as we continue to get the 3870 in front of more customers. Of note, more than 70% of new pump orders were for our 'quad stack' configuration of four pumps on a single IV pole, an indication that customers are standardizing on this configuration for the 3870, and doubling the number of pump channels from the previous norm. We continue to expect the 3870 revenues to ramp significantly through the second half of the year," said Roger Susi, President and Chief Executive Officer of Iradimed.

"For the third quarter of 2026, we expect revenue of $23.0 million to $24.5 million and GAAP diluted earnings per share of $0.49 to $0.54 and non-GAAP diluted earnings per share of $0.54 to $0.59. We reaffirm our guidance for the full-year 2026, expecting to report revenue of $91.0 million to $96.0 million, and GAAP diluted earnings per share of $1.90 to $2.05 and non-GAAP diluted earnings per share of $2.09 to $2.24," added Mr. Susi.

The Company's board of directors declared a regular quarterly cash dividend of $0.20 per share of our outstanding common stock. The dividend is payable to stockholders of record as of the close of business on August 14, 2026 and will be paid on August 28, 2026.

Three Months Ended June 30, 2026

For the three months ended June 30, 2026, the Company reported revenue of $20.5 million, compared to $20.4 million for the comparable period of 2025, which increased by $0.1 million or 0.5%. The Company reported net income of $5.2 million, compared to $5.8 million for the comparable period of 2025, which decreased by 10%. Earnings per share decreased by $0.04 per diluted share or 9% to $0.41 per diluted share, for the three months ended June 30, 2026, compared to $0.45 per diluted share for the same period of 2025.

For the three months ended June 30, 2026, the Company reported non-GAAP net income of $5.9 million, which excludes $0.6 million of stock compensation expense, net of tax benefit, compared to $6.4 million, which excludes $0.6 million of stock compensation expense, net of tax benefit, which decreased by 8% over the comparable period of 2025. On a non-GAAP basis, net income per diluted share was $0.46 for the three months ended June 30, 2026, compared to $0.49 per diluted share for the comparable period of 2025, which decreased by 7%.

Six Months Ended June 30, 2026

For the six months ended June 30, 2026, the Company reported revenue of $42.4 million, compared to $39.9 million for the comparable period of 2025, which increased by $2.5 million or 6%. The Company reported net income of $11.0 million, compared to $10.5 million for the comparable period of 2025, which increased by 5%. Earnings per share increased by $0.04 per diluted share or 5% to $0.86 per diluted share, for the six months ended June 30, 2026, compared to $0.82 per diluted share for the same period of 2025.

For the six months ended June 30, 2026, the Company reported non-GAAP net income of $12.2 million, which excludes $1.2 million of stock compensation expense, net of tax benefit, compared to $11.7 million, which excludes $1.2 million of stock compensation expense, net of tax benefit, which increased by 5% over the comparable period of 2025. On a non-GAAP basis, net income per diluted share was $0.95 for the six months ended June 30, 2026, compared to $0.91 per diluted share for the comparable period of 2025, which increased by 4% .

Revenue Information:

			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
(in thousands)			(unaudited)												(unaudited)
Devices:
MRI Compatible Intravenous ("IV") Infusion Pump Systems			$	6,428					$	8,188					$	14,092					$	14,187
MRI Compatible Patient Vital Signs Monitoring Systems			6,665						5,944						13,772						12,489
Ferro Magnetic Detection Systems			756						482						1,377						900
Total devices revenue			13,849						14,614						29,241						27,576
Amortization of extended maintenance agreements			758						592						1,417						1,153
Disposables			4,793						4,204						9,678						9,151
Services and other			1,066						999						2,108						2,040
Total revenue			$	20,466					$	20,409					$	42,444					$	39,920

For the three months ended June 30, 2026 and 2025, domestic sales were 82% and 89% of total revenue, respectively. For the three months ended June 30, 2026, the gross profit margin was 74% compared to 78% for the comparable period of 2025.

For the six months ended June 30, 2026 and 2025, domestic sales were 82% and 86% of total revenue, respectively. For the six months ended June 30, 2026, the gross profit margin was 75% compared to 77% for the comparable period of 2025.

Cash Flow from Operations

For the three months ended June 30, 2026, cash flow from operations was $5.9 million, compared to $7.7 million for the comparable period of 2025, a decrease of 23%. During the three months ended June 30, 2026, cash provided by operations was positively impacted by higher net income, pre-paid expenses, and inventory purchases, and negatively impacted by accounts receivable. See the compilation of non-GAAP free cash flow in the table later in this release.

For the six months ended June 30, 2026, cash flow from operations was $14.2 million, compared to $12.0 million for the comparable period of 2025, an increase of 18%. During the six months ended June 30, 2026, cash provided by operations was positively impacted by higher net income, and lower cash outflows related to accounts payable, pre-paid expenses, and inventory purchases, and negatively impacted by accounts receivable. See the compilation of non-GAAP free cash flow in the table later in this release.

Financial Guidance

For the third quarter of 2026, the Company expects revenue of $23.0 million to $24.5 million, GAAP diluted earnings per share of $0.49 to $0.54, and non-GAAP diluted earnings per share of $0.54 to $0.59. For the full year 2026, the Company expects to report revenue of $91.0 million to $96.0 million, GAAP diluted earnings per share of $1.90 to $2.05, and non-GAAP diluted earnings per share of $2.09 to $2.24.

The Company's non-GAAP diluted earnings per share guidance excludes stock-based compensation expense, net of tax expense. The Company expects stock-based compensation expense, net of tax, to be approximately $2.5 million and $0.6 million for the full year and third quarter of 2026, respectively.

Use of Non-GAAP Financial Measures

The Company believes using non-GAAP net income, non-GAAP net income per share-diluted, and free cash flow is helpful to our investors. These measures, which we refer to as our non-GAAP financial measures, are not prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). These non-GAAP measures are intended to provide the reader with additional supplemental perspectives on operating results, performance trends, and financial condition. Non-GAAP financial measures are not a substitute for GAAP measures; they should be read and used in conjunction with the Company's GAAP financial information. Because non-GAAP financial measures presented in this release are not measurements determined in accordance with GAAP and are susceptible to varying calculations, these non-GAAP financial measures, as presented, may not be comparable to other similarly titled measures presented by other companies.

We calculate non-GAAP net income as net income excluding:

(1)Stock-based compensation expense, net of tax. Because of varying available valuation methodologies, subjective assumptions, and the variety of equity instruments that can impact a company's non-cash expenses, we believe that providing non-GAAP financial measures that exclude stock-based compensation expense allows for meaningful comparisons between our operating results from period to period;

(2)Operating expenses, net of tax, that we believe are not indicative of the Company's ongoing core operating performance; and

(3)Infrequent income tax items are considered based on their nature and are excluded from the provision for income taxes as these costs or benefits are not indicative of our normal or future provision for income taxes.

We calculate free cash flow as net cash provided by operating activities, less net cash used in investing activities for the development of internal software and purchases of property and equipment.

We consider free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by our business that can be used for strategic opportunities, including investing in our business, making strategic acquisitions, strengthening our balance sheet and returning cash to our stockholders through various means.

Our non-GAAP financial measures are important tools for financial and operational decision-making and for evaluating our ongoing core operating results.

A reconciliation of the non-GAAP financial measures used in this release to the most comparable GAAP measures for the respective periods can be found in the table later in this release immediately following the condensed statements of

operations. These non-GAAP financial measures should not be considered in isolation or as a substitute for a measure of the Company's operating performance or liquidity prepared in accordance with GAAP and are not indicative of net income or cash provided by operating activities.

Conference Call

The Company has scheduled a conference call to discuss this release beginning at 11:00 a.m. Eastern Time, July 31, 2026. Individuals interested in listening to the conference call may do so by registering here, https://register-conf.media-server.com/register/BIc3b3caa4c4d94098970951ede5eb5d2e.

Once registered, a dial-in number, a unique PIN, and instructions will be provided to participants.

The conference call will also be available in real-time via the Internet at http://www.iradimed.com/en-us/investors/events/. A recording of the call will be available on the Company's website following the call's completion.

About IRADIMED CORPORATION

IRADIMED CORPORATION is a leader in developing innovative Magnetic Resonance Imaging ("MRI") compatible medical devices. We design, manufacture, market, and distribute MRI-compatible medical devices, accessories, disposables, and related services.

We are the only known provider of a non-magnetic intravenous ("IV") infusion pump system specifically designed to be safe for use during MRI procedures. We were the first to develop an infusion delivery system that largely eliminates many of the dangers and problems present during MRI procedures. Standard infusion pumps contain magnetic and electronic components that can create radio frequency interference and are dangerous to operate in the presence of the powerful magnet that drives an MRI system. Our patented MRidium® MRI compatible IV infusion pump systems (3860 and 3870) have a non-magnetic ultrasonic motor, uniquely designed non-ferrous parts, and other special features to safely and predictably deliver anesthesia and other IV fluids during various MRI procedures. Our pump solutions provide a seamless approach that enables accurate, safe, and dependable fluid delivery before, during, and after an MRI scan, which is essential to critically ill patients who cannot be removed from their vital medications and children and infants who must generally be sedated to remain immobile during an MRI scan.

Our 3880 MRI compatible patient vital signs monitoring system has been designed with non-magnetic components and other special features to safely and accurately monitor a patient's vital signs during various MRI procedures. The Iradimed 3880 system operates dependably in magnetic fields up to 30,000 gauss, which means it can operate virtually anywhere in the MRI scanner room. The Iradimed 3880 has a compact, lightweight design, allowing it to travel with the patient from the critical care unit to the MRI and back, resulting in increased patient safety through uninterrupted vital signs monitoring and decreasing the amount of time critically ill patients are away from critical care units. The features of the Iradimed 3880 include wireless ECG with dynamic gradient filtering; wireless SpO2 using Masimo® algorithms; non-magnetic respiratory CO2; invasive and non-invasive blood pressure; patient temperature, and optional advanced multi-gas anesthetic agent unit featuring continuous Minimum Alveolar Concentration measurements. The Iradimed 3880 MRI compatible patient vital signs monitoring system has an easy-to-use design and allows for the effective communication of patient vital signs information to clinicians.

For more information, please visit www.iradimed.com.