Loading...
•
Dec 31, 2025
Radnet Q4 2025 Earnings Report
RadNet reported record fourth quarter 2025 revenue and Adjusted EBITDA, with strong procedural volume growth and margin expansion.
Key Takeaways
RadNet generated record quarterly revenue of 547712000 and operating income of 27825000 in Q4 2025, driven by double-digit growth in advanced imaging volumes and strong Digital Health expansion. Despite higher expenses and tax adjustments, adjusted earnings remained solid.
Total revenue increased 14.8% year-over-year to 547712000.
Operating income rose to 27825000 from 24525000 in the prior year.
Aggregate advanced imaging procedural volumes increased 14.1% year-over-year.
Adjusted diluted EPS was 0.23 compared to 0.24 in Q4 2024.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For 2026, RadNet expects strong growth across both segments, with Imaging Center revenue projected to increase 17%-19% and Digital Health revenue projected to grow 45%-55%.
Positive Outlook
- Imaging Center revenue growth guidance of 17%-19%.
- Imaging Center Adjusted EBITDA growth of 18%-22%.
- Imaging Center Free Cash Flow growth of 29%-41%.
- Digital Health revenue expected to grow 45%-55%.
- Anticipated minimum of four FDA clearances in 2026.
Challenges Ahead
- Projected increases in same-center labor costs.
- Impact from severe winter weather in early 2026.
- Continued elevated infrastructure investment in Digital Health.
- Digital Health Free Cash Flow expected to remain negative after R&D.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...