10-Q · May 11, 2026
RadNet, Inc. reported Q1 2026 results with revenue of $575.6 million, exceeding estimates of $556.6 million, while EPS came in lower than expected at -$0.28. The Imaging Centers segment grew robustly, benefitting from…
Earnings analysis · 10-Q
RDNT earnings analysis
Filed August 10, 2026 · Our reading of the company's report
The latest report
RadNet reported second-quarter revenue of $622.7 million and diluted EPS of $0.29, beating consensus of $610.24 million and $0.20, respectively. Management raised 2026 Imaging Center revenue, Adjusted EBITDA and free…
Read full summary
RadNet reported second-quarter revenue of $622.7 million and diluted EPS of $0.29, beating consensus of $610.24 million and $0.20, respectively. Management raised 2026 Imaging Center revenue, Adjusted EBITDA and free cash flow outlooks, but the 10-Q highlights meaningful financing sensitivity: $1,205.6 million of Barclays term-loan borrowings were exposed to SOFR at 5.66%, with a 1% rate increase estimated to reduce pretax income by $12.1 million. Current-quarter gross margin, operating margin, free cash flow, balance-sheet totals and segment revenue were not included in the supplied filing extract, so those fields remain null.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.29
What stood out
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Revenue and EPS beat consensus
Second-quarter revenue was $622.7 million and diluted EPS was $0.29, exceeding consensus revenue of $610.24 million and EPS of $0.20.
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Imaging Center outlook raised
Management raised 2026 Imaging Center revenue guidance to $2.370 billion-$2.420 billion from $2.355 billion-$2.405 billion, an increase of $15 million at both ends.
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Profit and cash outlook improved
2026 Adjusted EBITDA guidance increased to $345 million-$358 million from $340 million-$353 million, while free cash flow guidance rose to $115 million-$125 million from $112 million-$122 million.
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Effective internal controls
Disclosure controls and procedures were concluded to be effective as of June 30, 2026, and the company reported no change in internal control that materially affected, or was reasonably likely to materially affect, controls during the quarter.
What to watch
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Large floating-rate debt exposure
At June 30, 2026, $1,205.6 million of Barclays term-loan borrowings were subject to a SOFR election at an effective rate of 5.66%. A hypothetical 1% SOFR increase would raise annual interest expense by $12.1 million and reduce pretax income by the same amount.
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Additional interest-rate sensitivity
The company had $118.1 million outstanding under the Truist facility at an effective SOFR rate plus margin of 5.33%. A hypothetical 1% increase in adjusted SOFR would increase annual interest expense by approximately $1.2 million.
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Unhedged foreign-currency exposure
The company has foreign-currency exposure in the Pound Sterling, Euro, Canadian Dollar, Hungarian Forint and Indian Rupee and has no foreign-exchange contracts. A 1% dollar appreciation against these currencies would increase annual operating expenses by approximately $0.7 million.
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Expired interest-rate hedge
The $400 million notional 2019 interest-rate swaps expired in October 2025, removing that stated hedge on floating-rate exposure while the company continues to carry variable-rate borrowings.
Management's outlook
The associated 2026 outlook raised Imaging Center revenue guidance to $2.370 billion-$2.420 billion from $2.355 billion-$2.405 billion, Adjusted EBITDA guidance to $345 million-$358 million from $340 million-$353 million, and free cash flow guidance to $115 million-$125 million from $112 million-$122 million. Digital Health guidance ranges were reaffirmed; no numeric EPS guidance was provided.
Earlier filings 4
10-K · March 2, 2026
RadNet, Inc. demonstrated strong performance in 2025 with revenues reaching $2.04 billion, a 11.5% increase from 2024. Gross margins remained steady at 13.9%, despite facing rising costs and changes in workforce…
10-Q · November 10, 2025
RadNet, Inc. reported Q3 2025 results with revenues reaching $523 million, surpassing both estimates and prior year figures. Although the company missed EPS expectations with $0.07 against an estimated $0.23, it…
10-Q · August 11, 2025
RadNet, Inc. reported strong financial results for Q2 2025, with substantial growth in both revenue and EPS compared to the prior quarter and year. Total revenue reached $498 million, representing a 14% increase…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.