RadNet, Inc.

Listed Company

RDNTCIK 0000790526NasdaqLarge AcceleratedServices-Medical LaboratoriesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.04B

Net Income

$-18.65M

Total Assets

$3.76B

Equity

$1.09B

Shares Out

78.63M

Op. Cash Flow

$298.82M

RDNT$68.73+23.44% · past yearDBEQ Basic

Daily closing prices

Business

RadNet, Inc. is a leading national provider of diagnostic imaging services in the United States, operating 418 imaging centers across nine states through direct ownership and hospital joint ventures. The company offers multi-modality imaging services including MRI, CT, PET, nuclear medicine, mammography, ultrasound, X-ray, and fluoroscopy to facilitate diagnosis and treatment of diseases. RadNet operates two reportable segments: Imaging Centers, which provides diagnostic imaging services to patients and physicians, and Digital Health, which develops and deploys AI-enabled software solutions for radiologists and radiology operations.

Summary from 10-K filed 2026-03-02

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total service revenue	2,040	1,830	1,617	1,430	1,315
Cost of operations, excluding depreciation and amortization	1,805	1,581	1,395	1,264	1,123
Lease abandonment charges	9	2	5	0	20
Depreciation and amortization	152	138	128	116	97
Gain on contribution of imaging centers into joint venture	0	0	−17	0	0
Loss on sale and disposal of equipment	10	2	2	3	1
Severance costs	3	2	4	946,000	744,000
Total operating expenses	1,978	1,725	1,518	1,384	1,242
INCOME FROM OPERATIONS	62	105	99	46	83
Interest expense	70	80	64	51	49
Equity in earnings of joint ventures	−15	−14	−6	−10	−11
Non-cash change in fair value of interest rate swaps	7	8	8	−40	−22
Debt restructuring and extinguishment expenses	0	11	0	731,000	6
Other income	−32	−25	−6	2	1
Total other expenses	30	60	60	3	24
Income before income taxes	32	45	39	43	59
Provision for income taxes	−15	−6	−8	−9	−15
NET INCOME	17	39	30	34	44
Net income attributable to noncontrolling interest	36	36	27	23	20
NET (LOSS) INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS	−19	3	3	11	25
BASIC NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share)	−0.25	0.04	0.05	0.19	0.47
DILUTED NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share)	−0.25	0.04	0.05	0.17	0.46
Basic (in shares)	75	73	64	56	52
Diluted (in shares)	75	75	65	57	53

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	767	740	343	128	135
Accounts receivable, net	200	186	164	166	135
Prepaid expenses and other current assets	52	52	48	54	49
Total current assets	1,032	1,019	579	367	324
Property and equipment, net	808	695	604	566	484
Operating lease right-of-use assets	690	640	596	604	584
Total property, equipment and right-of-use assets	1,498	1,335	1,200	1,169	1,069
Goodwill	908	711	679	678	514
Other intangible assets	149	81	91	—	57
Deferred financing costs	2	2	2	2	2
Investment in joint ventures	130	104	93	58	42
Deposits and other	40	35	46	53	36
Total assets	3,759	3,287	2,690	2,434	2,058
Accounts payable, accrued expenses and other	422	351	343	370	264
Deferred revenue	7	3	5	4	11
Current portion of operating lease liability	62	57	56	58	65
Current portion of notes payable	25	25	18	12	11
Total current liabilities	587	480	437	467	375
Long-term operating lease liability	707	656	605	604	578
Notes payable, net of current portion	1,064	992	812	839	743
Deferred tax liability, net	22	22	16	9	0
Other non-current liabilities	23	4	7	23	16
Total liabilities	2,403	2,153	1,877	1,942	1,712
Common stock - $.0001 par value, 200,000,000 shares authorized; 77,399,615 and 74,036,993 shares issued and outstanding at December 31, 2025 and 2024 respectively	8,000	7,000	7,000	6,000	5,000
Additional paid-in-capital	1,180	988	723	436	343
Accumulated other comprehensive income (loss)	5	−9	−12	−21	−20
Accumulated deficit	−95	−77	−80	−83	−93
Total RadNet, Inc.'s stockholders' equity	1,090	902	631	333	229
Noncontrolling interests	266	231	183	158	117
Total equity	1,356	1,133	813	491	346
Total liabilities and equity	3,759	3,287	2,690	2,434	2,058

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Non-cash lease expense	60	61	61	69	74
Equity in earnings of joint ventures, net of dividend	−6	−10	9	−6	—
Amortization of deferred financing costs and loan discount	3	3	3	3	3
Loss on extinguishment of debt	0	4	0	0	1
Amortization of cash flow hedge	2	9	4	4	4
Non-cash change in fair value of interest rate swaps	7	8	8	−40	−22
Stock-based compensation	55	30	27	24	25
Loss on impairment	0	1	4	0	—
Change in fair value of contingent consideration	111,000	2	−4	−325,000	0
Accounts receivable	−10	−22	3	−30	−6
Other current assets	2	−33	−8	−3	−16
Other assets	−6	11	−1	−12	662,000
Deferred taxes	11	6	6	13	20
Operating lease liability	−63	−55	−55	−69	−73
Deferred revenue	3	−1	626,000	−7	−28
Accounts payable, accrued expenses and other	52	37	15	50	10
Net cash provided by operating activities	299	233	221	146	149
Purchase of imaging facilities and other acquisitions, net of cash acquired	−133	−44	−11	−130	−78
Purchase of property and equipment	−213	−188	−177	−119	−138
Proceeds from sale of equipment	1	157,000	83,000	4	625,000
Equity Contributions In Joint Ventures	−4	−1	−14	—	—
Collection of notes receivable	6	0	0	—	—
Net cash used in investing activities	−344	−233	−201	−247	−222
Principal payments on notes and leases payable	−7	−6	−3	0	—
Payments on term loan debt	−21	−692	−41	−54	—
Proceeds from issuance of debt, net of issuance costs	99	864	0	148	—
Sale of noncontrolling interests	2	22	5	0	0
Payments of contingent consideration and holdbacks	−2	−4	−5	0	0
Distributions paid to noncontrolling interests	−5	−5	−6	−893,000	−2
Proceeds from issuance of common stock	0	218	246	0	0
Proceeds from issuance of common stock upon exercise of options	5	667,000	142,000	294,000	488,000
Net cash provided by financing activities	72	398	196	94	105
EFFECT OF EXCHANGE RATE CHANGES ON CASH	33,000	−453,000	−292,000	113,000	−65,000
NET INCREASE IN CASH AND CASH EQUIVALENTS	27	397	215	−7	33
Cash paid during the period for interest	72	85	65	39	29

Filings

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Frequently asked questions

What is RadNet, Inc.'s CIK number?

RadNet, Inc.'s SEC CIK number is 0000790526 (790526). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find RadNet, Inc.'s SEC filings?

All of RadNet, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did RadNet, Inc. last report earnings?

RadNet, Inc. (RDNT) most recently filed an earnings 8-K with the SEC on May 11, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001683168-26-003624). This is RadNet, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is RadNet, Inc.'s most recent earnings 8-K?

RadNet, Inc.'s latest earnings 8-K (Item 2.02) was filed May 11, 2026 under accession 0001683168-26-003624. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View RadNet, Inc.'s latest earnings 8-K →
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