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Stock research / United States / RDNT · Services-Medical Laboratories · Nasdaq

RadNet, Inc. (RDNT)

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RadNet, Inc. (RDNT) reported revenue of $623 million for Q2 FY2026, the quarter ended 30 June 2026, up 25.0% on the same quarter a year earlier. Net income was $8 million, down 47.9% on the year, and diluted earnings per share $0.10. The figures are the company's own, from the 10-Q it filed with the SEC on 10 August 2026.

Revenue$623 millionup 25.0%
Net income$8 milliondown 47.9%
Diluted EPS$0.10
QuarterQ2 FY2026ended 30 June 2026

RadNet (RDNT) in brief

RadNet (RDNT) reported revenue of $2.0 billion for fiscal 2025, the year ended 31 December 2025, up 11.5% on the year before.
Read moreNet loss was $19 million and the diluted loss per share $0.25. Revenue was $1.8 billion in fiscal 2024, $1.6 billion in fiscal 2023, $1.4 billion in fiscal 2022 and $1.3 billion in fiscal 2021. Net income in the same years was $3 million, $3 million, $11 million and $25 million. Over the twelve months to 30 June 2026, RadNet reported revenue of $2.3 billion and net loss of $21 million. Revenue grew 13.7% a year, compounded, over the five years to fiscal 2025. RadNet had 79 million shares outstanding at the latest filed count. At 30 June 2026 it carried $1.3 billion of debt and $726 million of cash. At the close of 27 October 2026 the market cap of RadNet was $5.8 billion.

Ratios

From the filings

ROE-1.9%
ROCE2.9%
Operating margin3.1%
Net margin-0.9%
FCF margin3.2%
Interest cover0.99
Debt to equity1.22
Cash conversionn/a
Share count, last 12 months4.8%
Sales CAGR, 3 years12.6%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.27

At the close of 27 October 2026

Price$73.53
Market cap$5.8 billion
Stock P/En/a
Price to book5.28
EV / EBITDA26.41
Dividend yieldn/a
Market cap / sales2.55
52-week high$84.48
52-week low$51.87
Price, 1 year-9.9%
Price CAGR, 3 years42.5%
Price CAGR, 5 years18.9%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as RadNet, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
RDNTgreeksoup.ai
Daily prices to 27 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on RDNT

Dividendsno dividend in its filings for fiscal 2009 onward
Filings21 in twelve months: 13 current reports (8-K), about 4 regulation FD disclosure; 4 other events; 4 results of operations; 2 material agreement; 1 unregistered sale of equity
Planned insider sales10 Form 144 notices in twelve months, $14.1 million; latest 18 June 2026
Options tapeput/call 0.59 by open interest at the 27 October 2026 close; the straddle prices a 13.1% move to 20 November 2026
13F holders328 funds reported a position for the quarter to 30 June 2026; largest BlackRock, Inc.
Insider trading15 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest9.1 million shares short, 17.09 days to cover at 15 October 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 20 quarters

Q3 FY2021Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue333333342354350384391404402420432460461477471498523548576623
Operating income32.64.7-1.719.66.921.66.724.443.324.311.334.833.924.5-24.130.927.427.8-23.939.5
Operating margin10%1%-1%6%2%6%2%6%11%6%3%8%7%5%-5%6%5%5%-4%6%
Interest expense12.011.811.611.412.415.415.716.016.116.616.326.119.418.117.217.217.418.117.718.2
Pre-tax income26.43.39.917.28.67.2-13.113.931.36.73.59.416.615.3-33.123.920.320.9-32.826.6
Tax rate20%61%15%20%25%31%n/a-4%23%11%-53%26%26%7%n/a3%31%53%n/a24%
Net income16.2-3.83.07.90.7-0.9-21.08.417.5-1.9-2.8-3.03.25.3-37.914.55.4-0.6-33.57.5
Net margin5%-1%1%2%0%-0%-5%2%4%-0%-1%-1%1%1%-8%3%1%-0%-6%1%
Diluted EPS$0.30-$0.07$0.05$0.13$0.01-$0.02-$0.36$0.12$0.25-$0.03-$0.04-$0.04$0.04$0.07-$0.51$0.19$0.07-$0.01-$0.43$0.10
Operating cash flow41.649.20.964.827.053.632.668.131.388.917.111657.442.541.512052.884.279.094.1
Capital expenditure34.749.436.636.125.920.855.939.541.240.157.446.741.142.948.852.960.451.069.956.3
Free cash flow6.9-0.2-35.728.71.132.8-23.328.6-9.948.9-40.369.316.3-0.4-7.467.4-7.633.19.037.8
Shares outstanding53m52m56m57m57m54m58m68m68m58m74m74m74m68m75m75m77m74m79m79m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 17 fiscal years and the trailing twelve months

FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue52876.95856477037188108859229751,1541,0721,3151,4301,6171,8302,0402,269
Cost of revenue39831.331.638.238.236.87087768028681,000n/an/an/an/an/an/an/a
Gross profit13045.6554609665681101109120108154n/an/an/an/an/an/an/a
Gross margin24.6%59.3%94.6%94.1%94.6%94.9%12.5%12.3%13.0%11.0%13.4%n/an/an/an/an/an/an/a
Operating income42.19.18.412.611.610.739.138.550.030.969.935.782.646.498.710562.070.8
Operating margin8.0%11.8%1.4%2.0%1.7%1.5%4.8%4.4%5.4%3.2%6.1%3.3%6.3%3.2%6.1%5.7%3.0%3.1%
Interest expense50.00.70.40.20.10.10.00.040.643.548.045.948.850.864.579.869.971.3
Pre-tax income-6.9-17.18.24.45.93.714.612.426.438.529.7-0.958.943.038.844.931.935.0
Income tax0.40.60.8-55.23.52.06.04.424.30.46.20.914.69.48.56.014.915.7
Effective tax raten/an/a10.0%-1261.8%59.6%53.9%41.0%35.6%92.1%1.0%21.0%n/a24.7%21.8%21.8%13.4%46.6%44.9%
Net income-2.38.48.012.411.510.77.77.20.132.214.8-14.824.710.73.02.8-18.7-21.1
Net margin-0.4%10.9%1.4%1.9%1.6%1.5%1.0%0.8%0.0%3.3%1.3%-1.4%1.9%0.7%0.2%0.2%-0.9%-0.9%
Diluted EPS-$0.06-$0.35$0.19$1.64$0.05$0.03$0.17$0.15$0.00$0.66$0.29-$0.29$0.46$0.17$0.05$0.04-$0.25-$0.27
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment FY2023

FY2023Share
of the parts, latest year
Imaging Centers1,59197.0%
Digital Health49.63.0%
Imaging CentersDigital Health
1,640FY2023

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Profit by segment FY2023

The operating profit each segment reports. Costs RadNet does not charge to a segment are left out, so the segments can add up to more than the company's own operating profit.

FY2023Margin
FY2023
Imaging Centers20913.1%
Digital Health7.515.2%
Imaging CentersDigital Health
216FY2023

$ million; the figure over a bar is all the segments together. Hover a block for its profit, sales and margin.

FY2023Share of salesShare of profit
Imaging Centers97%97%
Digital Health3%3%

Each column adds to 100%. A segment with a bigger share of the profit than of the sales makes more on each dollar it sells.

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where every segment with sales that year has an operating profit figure. A margin is a segment's operating profit over its own sales.

Revenue by region FY2023 to FY2025

FY2023FY2024FY2025Share
of the parts, latest year
United States1,6001,8022,00698.3%
Other countries16.927.234.01.7%
United StatesOther countries
1,617FY20231,830FY20242,040FY2025

$ million; hover a block for its figure and share

From the company's 10-Ks, in its own words (latest 10-K).
Read moreEach year's figures come from the most recent 10-K that includes that year. A year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow76.618.357.675.366.4n/a67.091.6142117104234149146221233299310
Capital expenditure30.82.52.61.12.00.743.059.361.372.274.294.2138119177188213238
Free cash flow45.915.855.174.264.5n/a24.132.480.944.630.214011.627.044.345.085.672.4
Free cash flow margin8.7%20.6%9.4%11.5%9.2%n/a3.0%3.7%8.8%4.6%2.6%13.0%0.9%1.9%2.7%2.5%4.2%3.2%
Cash from investing-36.3-2.3-87.7-87.0-50.7n/a-96.8-65.5-79.3-147-99.5-126-222-247-201-233-344-624
Cash from financing-30.2-15.731.99.6-7.6n/a29.9-5.9-32.2-10.925.0-45.610593.619639872.2210
Depreciation and amortisation53.83.73.94.64.74.760.666.666.872.980.686.896.7116128138152171
Share-based compensation3.63.73.12.72.62.57.65.86.87.78.712.425.223.826.829.854.659.3
Diluted shares, weighted36m37m39m39m40m43m45m47m47m49m50m51m53m57m65m75m75m79m
Shares outstanding at period endn/a37m37m39m40m43mn/a47m48m49m50m50m52m54m58m68m74m79m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2009 †FY2010 †FY2011 †FY2012 †FY2013 †FY2014 †FY2015 †FY2016 †FY2017 †FY2018FY2019 †FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity-74.8-82.5-69.8-6.7-0.17.7n/a52.161.61271521662293336319021,0901,096
Non-controlling interestn/a0.10.90.62.32.33.93.68.473.181.592.6117158183231266298
Short-term borrowingsn/an/an/a1.10.5n/an/a1.00.6n/an/an/an/an/an/an/an/an/a
Debtn/a482556574575573n/a6125756757066537558528301,0161,0901,333
Operating lease liabilitiesn/an/an/an/an/an/an/an/an/an/a421463578604605656707776
Finance lease liabilitiesn/an/an/an/an/an/an/an/an/an/a3.30.70.0n/an/an/a0.04.3
Other liabilitiesn/a140n/an/an/an/an/a181223234284412380487442481606719
Total liabilities and equityn/a54043.942.140.737.3n/a8498691,1091,6471,7872,0582,4342,6903,2873,7594,226
Owned
Fixed assetsn/a19422.119.417.813.8n/a248244346367399484566604695808880
Goodwilln/a1431601949.9200n/a2402574184424735146786797119081,122
Intangible assetsn/a57.30.80.70.60.5n/a42.740.440.643.052.456.610690.681.4149245
Cash and equivalents1.51.82.11.80.30.3n/a20.651.310.440.2102135128343740767726
Receivablesn/a96.18.38.68.67.4n/a164156149155130135166164186200242
Other assetsn/a46.7n/an/a3.5n/an/a1351211466006307347908108749271,011
Total assetsn/a54043.942.140.737.3n/a8498691,1091,6471,7872,0582,4342,6903,2873,7594,226
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded9.7%13.7%12.6%18.9%
Profit growth, compoundedn/an/an/an/a
Return on equity, average5.3%2.6%-0.3%-1.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was RadNet's revenue in fiscal 2025?

RadNet (RDNT) reported revenue of $2.0 billion for fiscal 2025, the year ended 31 December 2025, up 11.5% on the year before.

How much did RadNet earn in fiscal 2025?

Net loss was $19 million for fiscal 2025, and the diluted loss per share $0.25.

What is RadNet's market cap?

The market cap of RadNet was $5.8 billion at the close of 27 October 2026.

How much debt does RadNet have?

At 30 June 2026 RadNet carried $1.3 billion of debt and $726 million of cash.

Peers: Healthcare

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Natera, Inc. NTRA$59.0 billionn/a-10.6%-10.7%37.8%0.04n/a
Labcorp Holdings Inc. LH$26.8 billion27.4011.6%10.4%6.4%0.680.9%
Quest Diagnostics Inc. DGX$26.7 billion24.1614.8%14.6%9.1%0.731.4%
Guardant Health, Inc. GH$23.8 billionn/an/a-39.7%42.7%n/an/a
Caris Life Sciences, Inc. CAI$9.5 billion93.5617.8%15.5%n/a0.66n/a
Grail, Inc. GRAL$6.7 billionn/a-15.4%-338.4%23.1%0.00n/a
RadNet, Inc. RDNT$5.8 billionn/a-1.9%3.1%18.9%1.22n/a
Sotera Health Co. SHC$5.3 billion32.4624.6%n/a8.1%3.21n/a
Veracyte, Inc. VCYT$4.1 billion35.768.2%18.8%17.3%0.00n/a
CareDx, Inc. CDNA$3.6 billion34.0926.1%23.6%34.4%0.00n/a
Fortrea Holdings Inc. FTRE$2.3 billionn/a-16.3%-0.4%-2.1%2.01n/a
Personalis, Inc. PSNL$1.7 billionn/a-45.6%-164.1%-13.3%n/an/a
All 41 in Healthcare
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
HCA Healthcare, Inc. HCA$98.1 billion15.06n/a12.7%7.3%n/a0.7%
Natera, Inc. NTRA$59.0 billionn/a-10.6%-10.7%37.8%0.04n/a
Labcorp Holdings Inc. LH$26.8 billion27.4011.6%10.4%6.4%0.680.9%
Quest Diagnostics Inc. DGX$26.7 billion24.1614.8%14.6%9.1%0.731.4%
Guardant Health, Inc. GH$23.8 billionn/an/a-39.7%42.7%n/an/a
Tenet Healthcare Corp. THC$21.1 billion10.1148.1%20.8%5.4%2.84n/a
Encompass Health Corp. EHC$12.0 billion19.7923.9%18.0%9.5%1.010.6%
Davita Inc. DVA$11.6 billion14.87n/a15.2%6.4%n/an/a
BrightSpring Health Services, Inc. BTSG$11.5 billionn/an/an/an/a1.07n/a
Universal Health Services Inc. UHS$10.6 billion7.2220.3%11.4%10.0%0.650.5%
Ensign Group, Inc. ENSG$9.9 billion25.2115.6%9.0%17.5%0.080.2%
Caris Life Sciences, Inc. CAI$9.5 billion93.5617.8%15.5%n/a0.66n/a
Pacs Group, Inc. PACS$7.6 billion28.6324.2%7.4%16.6%0.220.5%
Grail, Inc. GRAL$6.7 billionn/a-15.4%-338.4%23.1%0.00n/a
Chemed Corp. CHE$6.7 billion25.5833.1%13.5%3.3%0.170.5%
Hims & Hers Health, Inc. HIMS$6.5 billionn/a-43.8%-6.0%28.0%4.21n/a
RadNet, Inc. RDNT$5.8 billionn/a-1.9%3.1%18.9%1.22n/a
Sotera Health Co. SHC$5.3 billion32.4624.6%n/a8.1%3.21n/a
Concentra Group Holdings Parent, Inc. CON$5.1 billion25.8241.7%16.4%14.0%3.300.6%
LifeStance Health Group, Inc. LFST$5.0 billion100.923.4%4.9%20.4%0.19n/a
Option Care Health, Inc. OPCH$4.7 billion23.5316.6%5.9%5.9%0.92n/a
Veracyte, Inc. VCYT$4.1 billion35.768.2%18.8%17.3%0.00n/a
CareDx, Inc. CDNA$3.6 billion34.0926.1%23.6%34.4%0.00n/a
National Healthcare Corp. NHC$3.3 billion23.8612.5%9.3%6.9%0.001.2%
Surgery Partners, Inc. SGRY$3.1 billionn/a-5.3%11.4%4.0%2.25n/a
Aveanna Healthcare Holdings, Inc. AVAH$2.8 billion10.3395.6%10.5%19.5%4.52n/a
Privia Health Group, Inc. PRVA$2.8 billion103.983.6%1.9%24.1%0.00n/a
Acadia Healthcare Company, Inc. ACHC$2.7 billionn/a-56.9%-32.6%4.3%1.22n/a
Pediatrix Medical Group, Inc. MD$2.3 billion13.8019.8%11.0%0.5%0.66n/a
Fortrea Holdings Inc. FTRE$2.3 billionn/a-16.3%-0.4%-2.1%2.01n/a
Brookdale Senior Living Inc. BKD$2.3 billionn/an/a3.5%-4.4%n/a0.0%
Addus HomeCare Corp. ADUS$2.3 billion21.279.2%10.0%15.9%0.05n/a
Progyny, Inc. PGNY$2.1 billion30.1417.3%8.6%5.5%0.00n/a
GeneDx Holdings Corp. WGS$1.9 billionn/a-43.5%-20.3%25.4%0.41n/a
Personalis, Inc. PSNL$1.7 billionn/a-45.6%-164.1%-13.3%n/an/a
Ardent Health, Inc. ARDT$1.7 billion21.535.8%3.2%3.3%0.82n/a
Healthcare Services Group Inc. HCSG$1.6 billion16.3519.7%n/a4.0%0.003.5%
Sonida Senior Living, Inc. SNDA$1.6 billionn/a-14.2%-13.6%49.4%1.82n/a
agilon health, Inc. AGL$1.5 billion27.83-102.1%-5.2%0.3%0.13n/a
U S Physical Therapy Inc. USPH$1.3 billion98.927.2%9.4%11.3%0.492.1%
AdaptHealth Corp. AHCO$797 millionn/a-16.6%-4.5%-0.4%1.37n/a
10 companies share its SEC industry code (Services-Medical Laboratories); the rest are the names nearest in size in its wider industry, Healthcare, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202610 August 2026EDGAR
10-Q31 March 202611 May 2026EDGAR
10-K31 December 20252 March 2026EDGAR
10-Q30 September 202510 November 2025EDGAR
10-Q30 June 202511 August 2025EDGAR
10-Q31 March 202512 May 2025EDGAR
10-K/A31 December 202428 April 2025EDGAR
10-K31 December 20243 March 2025EDGAR
10-Q30 September 202412 November 2024EDGAR
10-Q30 June 20249 August 2024EDGAR