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Mar 31, 2025
Radnet Q1 2025 Earnings Report
RadNet reported increased revenue despite weather-related headwinds, but posted a net loss due to extraordinary charges.
Key Takeaways
RadNet delivered strong top-line growth in Q1 2025, driven by digital health and procedural volume increases, despite Southern California wildfires and winter weather disruptions causing a net loss.
Revenue rose to $471,400,000, up from $431,700,000 in Q1 2024.
Adjusted EPS came in at -$0.35, down from $0.07 in Q1 2024.
Net loss widened to $37,926,000, impacted by one-time charges and environmental events.
Digital Health segment revenue grew 31.1% year-over-year.
Revenue by Segment
Forward Guidance
RadNet raised full-year 2025 revenue and Adjusted EBITDA guidance, citing operational recovery, AI-driven initiatives, and growth in advanced imaging.
Positive Outlook
- Increased 2025 revenue guidance to $1.835B–$1.885B
- Raised Adjusted EBITDA guidance to $268M–$276M
- Continued growth in advanced imaging, especially PET/CT
- Positive momentum in AI-based breast cancer detection adoption
- Improved staffing levels reduced reliance on outside agencies
Challenges Ahead
- First quarter affected by wildfires and winter storms
- Net loss widened due to one-time charges including lease abandonment
- Adjusted EBITDA declined 20.6% year-over-year
- Same-center procedural volumes decreased 0.3%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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