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Radnet 10-Q Filings

RDNT NASDAQ

Every 10-Q that Radnet (RDNT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow RDNT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RDNT filings page.

Rhea-AI Summary

RadNet, Inc. reported Q2 2026 revenue of $622.7 million, up from $498.2 million a year earlier, driven mainly by growth in commercial insurance and Medicare volumes and expanded imaging operations. Revenue for the first six months of 2026 was $1.20 billion versus $969.6 million in 2025.

Despite higher revenue, profitability was pressured. Q2 2026 net income attributable to common stockholders was $7.5 million, down from $14.5 million, and the first half showed a net loss of $25.9 million versus a $23.5 million loss a year earlier, reflecting higher operating costs, acquisition-related expenses, interest expense and foreign currency translation losses.

Operating cash flow remained strong at $173.1 million for the first half, but was more than offset by $434.5 million of investing outflows, including $315.7 million for acquisitions and significant capital spending. Debt increased to $1.34 billion, largely from incremental Barclays term loan borrowings. Total assets rose to $4.23 billion, with goodwill increasing to $1.12 billion following multiple imaging center acquisitions and the approximately $264.1 million purchase of AI company Gleamer SAS, which expands the Digital Health segment.

Rhea-AI Summary

RadNet, Inc. reported first-quarter 2026 results showing strong top-line growth but continued losses as it invests heavily in expansion and AI. Total service revenue rose to $575.6 million from $471.4 million a year earlier, driven mainly by higher commercial insurance revenue and growth in Digital Health.

The company recorded a net loss attributable to common stockholders of $33.5 million, compared with $37.9 million in the prior-year quarter, or basic and diluted loss per share of $0.43. Operating cash flow improved to $79.0 million, while investing cash flows used $371.0 million, largely for acquisitions including the approximately $264.1 million purchase of AI firm Gleamer SAS.

Total assets reached $3.89 billion, including $1.09 billion of goodwill, and debt obligations stood at $1.09 billion. The company operated 435 imaging centers as of March 31, 2026 and continues to build out its Digital Health platform through acquisitions such as iCAD, See-Mode, CIMAR UK and Gleamer.

Rhea-AI Summary

RadNet (RDNT) reported Q3 2025 results with stronger top-line but mixed profitability. Total service revenue was $522.9 million, up from $461.1 million a year ago, led by higher commercial and Medicare volumes, while revenue under capitation arrangements eased to $31.4 million from $33.6 million. Diluted EPS was $0.07 versus $0.04, as interest expense declined and other income increased, including $8.9 million of interest on securities. Operating income was $27.4 million compared with $33.9 million, reflecting higher operating costs and $2.8 million of lease abandonment charges.

Year-to-date, revenue reached $1.49 billion; net loss to common was $(18.1) million. Operating cash flow was strong at $214.7 million, funding capex of $162.2 million and acquisitions of $66.5 million. RadNet ended the quarter with cash of $804.7 million and long-term notes payable of $1.07 billion. Shares outstanding were 77,032,154 as of September 30, 2025; 77,146,342 were outstanding on November 7, 2025.

Strategically, RadNet closed the iCAD acquisition (1,848,152 shares valued at $105.8 million) and bought AI firm See‑Mode with up to $12.7 million in milestone payments; it also acquired Kolb Radiology with up to $8.0 million earnout. Goodwill rose to $827.5 million.

Rhea-AI Summary

RadNet reported higher second-quarter revenue and a return to quarterly profitability, but a six-month operating loss left common shareholders with a year-to-date deficit. Total service revenue for the three months ended June 30, 2025 was $498,230,000, up from $459,714,000 a year earlier, driven by growth across commercial and Medicare payors. The company recorded quarterly net income of $23,034,000, with net income attributable to RadNet common stockholders of $14,454,000 and diluted EPS of $0.19.

For the six months ended June 30, 2025 RadNet reported a consolidated net loss of $(6,703,000), and a net loss attributable to RadNet common stockholders of $(23,472,000) (diluted EPS $(0.32)). Operating cash flow improved to $161,829,000 for the six months. The company completed acquisitions, including See-Mode Technologies for approximately $28.7 million with contingent consideration of $8.8 million, and goodwill totaled $751,514,000 at June 30, 2025. Total long-term debt was $1,077,251,000.