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RadNet

RDNT

RadNet is a leading national provider of freestanding, fixed-site outpatient diagnostic imaging services in the United States.

Market cap
$4.84B+11.0%
Revenue$2.1B+14.7%
Net income-$14.2M+56.1%
Free cash flow$109.6M+40.0%
EPS (diluted)-$0.18+58.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 9, 2026 (In 1 week)
Revenue estimate$610.0M
EPS estimate$0.18

Financials

Q1 2026

Income statement

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Revenue$575.6M+22.1%
Operating income-$23.9M+0.8%
Net income-$33.5M+11.8%
EPS (diluted)-$0.43+15.7%

Balance sheet

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Cash & equivalents$455.3M-36.5%
Total debt$1.9B+10.8%
Total equity$1.1B+20.3%
Total assets$3.9B+16.5%

Cash flow

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Operating cash flow$79.0M+90.4%
CapEx$69.9M+43.2%
Free cash flow$9.0M+223%

Valuation & ratios

Valuation

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Market cap$4.84B+11.0%
Enterprise value$6.32B+15.8%
P/S2.3×-0.1×

Profitability

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Operating margin2.9%-0.8pp
Net margin-0.7%-0.3pp
FCF margin5.1%+0.9pp

Returns & leverage

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Return on equity-1.4%-0.5pp
Debt / equity1.8×-0.2×
Current ratio1.2×-0.8×

Segments

By product

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Commercial insurance$315.9M+20.3%
Medicare$137.2M+26.8%
Other payors$33.6M+21.3%
Revenue under capitation arrangements$30.4M-5.1%
Other revenue$24.8M+97.8%

By segment

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Imaging Center$556.8M+20.7%
Digital health$29.1M+51.5%

Competitors

Profile

RadNet is a leading national provider of freestanding, fixed-site outpatient diagnostic imaging services in the United States. The company operates a vast network of imaging centers and provides a comprehensive suite of non-invasive diagnostic procedures to facilitate the diagnosis and treatment of diseases. Its value proposition is centered on a multi-modality strategy, regional market density, and the integration of advanced artificial intelligence to enhance clinical interpretation and operational efficiency.

Competitive position

RadNet is the largest operator of freestanding outpatient diagnostic imaging centers in the U.S. based on center count and revenue, leveraging significant scale and regional density.

GeographiesUnited States, United Kingdom, Netherlands
Customer segmentsPatients, Healthcare Providers, Insurance Payors, Government Agencies
Business modelFee-for-service, Capitation, B2B Software Sales, Joint Venture
SuppliersMedical Imaging Equipment Manufacturers, Radiopharmaceutical Suppliers, Cloud Infrastructure Providers, Medical Supply Vendors
CustomersReferring Physicians, Health Insurance Payors, Hospital Systems, Patients
Listed1994
Employees10.3K
CEOHoward G. Berger
Websiteradnet.com
FilingsSEC EDGAR

Questions, answered.

What is RadNet's market cap?
RadNet (RDNT) has a market capitalization of $4.8B and trades on NASDAQ.
What is RadNet's revenue and profitability?
RadNet generated $2.1B in trailing twelve-month revenue with a net loss of $14.2M, representing a net margin of -0.7%. Gross margin stands at 13.4%, with free cash flow of $109.6M. These figures are based on the Q1 2026 filing.
Who are RadNet's competitors?
RadNet's key competitors include Lumexa Imaging Holdings, Inc. Common Stock, GE HealthCare Technologies Inc. Common Stock, QT Imaging Holdings, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does RadNet partner with?
RadNet's notable partners include GE HealthCare, Hologic, Philips, and others.
What subsidiaries does RadNet have?
RadNet's subsidiaries include DeepHealth, Inc., eRad, Inc., Aidence Holding B.V., and others.
Where is RadNet headquartered?
RadNet is headquartered in United States of America and employs approximately 10,288 people. It has been publicly traded since 1994.