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RadNet (RDNT) Financials

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$56.46 -1.73 (-2.97%)
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Annual Income Statements for RadNet

Annual Income Statements for RadNet

This table shows RadNet's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 7.71 7.23 0.05 32 15 -15 25 11 3.04 2.79 -19
Consolidated Net Income / (Loss)		 8.64 8.00 2.08 38 23 -1.75 44 34 30 39 17
Net Income / (Loss) Continuing Operations		 8.64 8.00 2.08 38 23 -1.75 44 34 30 39 17
Total Pre-Tax Income 		15 12 26 39 30 -0.85 59 43 39 45 32
Total Operating Income		 39 38 50 31 70 36 83 46 99 105 62
Total Gross Profit		 101 109 120 975 1,154 132 201 166 221 249 235
Total Revenue		 846 885 922 975 1,154 1,098 1,324 1,430 1,617 1,830 2,040
Operating Revenue		 846 885 922 975 1,154 1,098 1,324 1,430 1,617 1,830 2,040
Total Cost of Revenue		 744 776 802 0.00 0.00 966 1,123 1,264 1,395 1,581 1,805
Operating Cost of Revenue		 708 776 802 - - 966 1,123 1,264 1,395 1,581 1,805
Total Operating Expenses		 62 70 70 944 1,084 97 118 119 123 144 173
Depreciation Expense		 61 67 67 73 81 87 97 116 128 138 152
Other Operating Expenses / (Income)		 0.75 2.88 1.82 1.93 1.62 4.35 0.74 0.95 -13 1.90 3.15
Other Special Charges / (Income)		 0.87 0.77 1.14 -2.05 2.38 1.20 21 2.53 7.33 4.75 18
Total Other Income / (Expense), net		 -24 -26 -24 7.64 -40 -37 -24 -3.39 -60 -60 -30
Interest Expense		 42 43 41 43 47 46 49 51 64 80 70
Interest & Investment Income		 8.93 9.77 14 11 8.35 7.95 11 10 6.43 14 15
Other Income / (Expense), net		 8.29 7.64 3.40 40 -1.28 1.40 14 37 -1.83 5.62 25
Income Tax Expense		 6.01 4.43 24 0.39 6.23 0.90 15 9.36 8.47 6.03 15
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.93 0.77 2.02 5.89 8.68 13 20 23 27 36 36
Basic Earnings per Share		 $0.18 $0.16 $0.00 $0.67 $0.30 ($0.29) $0.47 $0.19 $0.05 $0.04 ($0.25)
Weighted Average Basic Shares Outstanding		 43.81M 46.24M 46.88M 48.11M 49.67M 50.89M 52.50M 56.29M 63.58M 73.04M 75.19M
Diluted Earnings per Share		 $0.17 $0.15 $0.00 $0.66 $0.29 ($0.29) $0.46 $0.17 $0.05 $0.04 ($0.25)
Weighted Average Diluted Shares Outstanding		 45.17M 46.66M 47.40M 48.68M 50.24M 50.89M 53.42M 57.32M 64.66M 74.76M 75.19M
Weighted Average Basic & Diluted Shares Outstanding		 42.80M 45.20M 48.23M 50.07M 50.69M 52.27M 56.18M 57.84M 68.48M 74.04M 77.61M

Quarterly Income Statements for RadNet

This table shows RadNet's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 8.37 18 -1.86 -2.78 -2.98 3.21 5.35 -38 14 5.42 -0.60
Consolidated Net Income / (Loss)		 15 24 6.00 5.41 6.95 12 14 -30 23 14 9.86
Net Income / (Loss) Continuing Operations		 15 24 6.00 5.41 6.95 12 14 -30 23 14 9.86
Total Pre-Tax Income 		14 31 6.73 3.55 9.40 17 15 -33 24 20 21
Total Operating Income		 24 43 24 11 35 34 25 -24 31 27 28
Total Gross Profit		 59 60 64 44 70 69 66 18 69 72 76
Total Revenue		 404 402 420 432 460 461 477 471 498 523 548
Operating Revenue		 404 402 420 432 460 461 477 471 498 523 548
Total Cost of Revenue		 345 342 357 388 390 392 411 453 429 450 472
Operating Cost of Revenue		 345 342 357 388 390 392 411 453 429 450 472
Total Operating Expenses		 34 17 39 33 35 35 41 42 38 45 48
Depreciation Expense		 32 32 33 32 34 35 36 35 36 40 41
Other Operating Expenses / (Income)		 1.87 -16 0.62 0.23 0.27 0.30 1.11 0.75 0.43 1.44 0.53
Other Special Charges / (Income)		 0.08 0.53 6.15 0.19 0.40 0.15 4.02 5.79 1.85 3.86 6.72
Total Other Income / (Expense), net		 -10 -12 -18 -7.79 -25 -17 -9.20 -9.03 -7.03 -7.12 -6.91
Interest Expense		 16 16 17 16 26 19 9.31 17 17 17 18
Interest & Investment Income		 1.42 1.08 2.49 4.32 3.39 3.60 3.16 2.60 4.36 3.57 4.35
Other Income / (Expense), net		 4.12 3.07 -3.49 4.15 -2.75 -1.49 -3.05 5.61 5.81 6.67 6.87
Income Tax Expense		 -0.61 7.22 0.73 -1.86 2.46 4.34 1.10 -3.40 0.82 6.39 11
Net Income / (Loss) Attributable to Noncontrolling Interest		 6.19 6.53 7.86 8.19 9.93 9.05 8.88 8.19 8.58 8.47 10
Weighted Average Basic Shares Outstanding		 59.88M 67.79M 63.58M 69.31M 73.42M 73.49M 73.04M 74.38M 74.35M 75.95M 75.19M
Weighted Average Diluted Shares Outstanding		 60.92M 68.81M 64.66M 69.31M 73.42M 75.17M 74.76M 74.38M 75.53M 77.39M 75.19M
Weighted Average Basic & Diluted Shares Outstanding		 67.77M 67.89M 68.48M 73.88M 73.96M 74.03M 74.04M 75.03M 76.92M 77.15M 77.61M

Annual Cash Flow Statements for RadNet

This table details how cash moves in and out of RadNet's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.14 20 31 -41 30 62 33 -6.77 215 397 27
Net Cash From Operating Activities		 67 92 142 117 104 234 149 146 221 233 299
Net Cash From Continuing Operating Activities		 67 92 142 117 104 234 149 146 221 233 299
Net Income / (Loss) Continuing Operations		 8.64 8.00 2.08 38 23 -1.75 44 34 30 39 17
Consolidated Net Income / (Loss)		 8.64 8.00 2.08 38 23 -1.75 44 34 30 39 17
Depreciation Expense		 61 67 67 73 81 87 97 116 128 138 152
Amortization Expense		 5.37 5.05 3.48 3.90 71 76 81 6.38 6.56 12 5.29
Non-Cash Adjustments To Reconcile Net Income		 38 40 48 -17 -57 16 -31 20 37 90 64
Changes in Operating Assets and Liabilities, net		 -45 -28 22 18 -14 57 -41 -30 19 -46 60
Net Cash From Investing Activities		 -97 -65 -79 -147 -99 -126 -222 -247 -201 -233 -344
Net Cash From Continuing Investing Activities		 -97 -65 -79 -147 -99 -126 -222 -247 -201 -233 -344
Purchase of Property, Plant & Equipment		 -134 -66 -89 -145 -101 -125 -216 -249 -188 -232 -347
Sale of Property, Plant & Equipment		 1.28 0.48 9.28 2.58 1.16 0.83 0.63 3.90 0.08 0.16 1.29
Sale and/or Maturity of Investments		 - - 0.00 0.00 0.79 - - - 0.00 0.00 5.67
Other Investing Activities, net		 0.00 0.99 1.47 - - - -1.44 -1.44 -14 -1.50 -4.15
Net Cash From Financing Activities		 30 -5.91 -32 -11 25 -46 105 94 196 398 72
Net Cash From Continuing Financing Activities		 30 -5.91 -32 -11 25 -46 105 94 196 398 72
Repayment of Debt		 -297 -918 -404 -216 -336 -298 -752 -54 -44 -698 -28
Payment of Dividends		 -0.73 -0.49 -1.53 -1.43 -3.06 -1.99 -2.43 -0.89 -5.97 -4.52 -4.60
Issuance of Debt		 322 912 366 204 358 251 846 148 0.00 864 99
Issuance of Common Equity		 0.59 0.15 0.00 0.02 0.08 0.00 0.49 0.29 251 241 7.84
Other Financing Activities, net		 5.01 -0.16 7.85 2.44 6.03 4.02 13 0.00 -5.50 -4.27 -2.25
Effect of Exchange Rate Changes		 -0.04 -0.05 0.03 -0.07 -0.03 -0.10 -0.07 0.11 -0.29 -0.45 0.03
Cash Interest Paid		 36 37 34 37 46 40 29 39 65 85 72

Quarterly Cash Flow Statements for RadNet

This table details how cash moves in and out of RadNet's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
Net Change in Cash & Equivalents		 266 -19 4.69 184 215 7.24 -8.90 -23 116 -28 -38
Net Cash From Operating Activities		 68 31 89 17 116 57 43 41 120 53 84
Net Cash From Continuing Operating Activities		 68 31 89 17 116 57 43 41 120 53 84
Net Income / (Loss) Continuing Operations		 15 24 6.00 5.41 6.95 12 14 -30 23 14 9.86
Consolidated Net Income / (Loss)		 15 24 6.00 5.41 6.95 12 14 -30 23 14 9.86
Depreciation Expense		 32 32 33 32 34 35 36 35 36 40 41
Amortization Expense		 -14 1.67 1.56 1.49 -7.40 1.78 1.87 1.76 2.42 0.33 0.77
Non-Cash Adjustments To Reconcile Net Income		 16 -7.96 18 9.59 20 5.20 15 24 14 11 15
Changes in Operating Assets and Liabilities, net		 19 -19 31 -32 62 3.19 -25 9.83 45 -12 18
Net Cash From Investing Activities		 -40 -47 -49 -61 -77 -46 -49 -57 -97 -76 -114
Net Cash From Continuing Investing Activities		 -40 -47 -49 -61 -77 -46 -49 -57 -97 -76 -114
Purchase of Property, Plant & Equipment		 -40 -42 -40 -61 -76 -46 -49 -53 -81 -95 -118
Sale of Property, Plant & Equipment		 0.07 0.01 0.00 0.00 0.01 0.14 0.01 0.02 0.02 0.04 1.21
Sale and/or Maturity of Investments		 - - - - - - - - - - 2.84
Net Cash From Financing Activities		 238 -3.20 -35 228 176 -4.34 -2.12 -7.51 92 -5.32 -7.40
Net Cash From Continuing Financing Activities		 238 -3.20 -35 228 176 -4.34 -2.12 -7.51 92 -5.32 -7.40
Repayment of Debt		 -4.56 -4.56 -31 -2.98 -682 -7.61 -5.76 -6.72 -7.00 -7.02 -7.05
Payment of Dividends		 - - -2.45 0.00 - - -2.10 -0.91 -2.40 - -1.29
Issuance of Common Equity		 246 -0.35 5.19 223 0.36 3.40 15 0.12 0.43 1.70 5.58
Other Financing Activities, net		 - 1.71 -7.21 8.71 -3.61 -0.07 -9.30 0.00 2.39 - -4.64
Effect of Exchange Rate Changes		 -0.04 0.10 -0.12 - -0.07 0.15 -0.49 - - - -0.33
Cash Interest Paid		 18 20 5.27 18 16 17 33 18 17 19 19

Annual Balance Sheets for RadNet

This table presents RadNet's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 35 849 869 1,109 1,647 1,787 2,058 2,434 2,690 3,287 3,759
Total Current Assets		 11 218 235 209 241 270 324 367 579 1,019 1,032
Cash & Equivalents		 - 21 51 10 40 102 135 128 343 740 767
Accounts Receivable		 11 167 158 150 156 135 140 185 189 228 213
Prepaid Expenses		 0.54 28 26 46 45 33 49 54 48 52 52
Plant, Property, & Equipment, net		 14 248 244 346 368 399 484 566 604 695 808
Total Noncurrent Assets		 10 384 389 555 1,038 1,117 1,250 1,501 1,507 1,573 1,919
Long-Term Investments		 - 44 52 38 34 35 42 58 93 104 130
Goodwill		 9.92 240 257 418 442 473 514 678 679 711 908
Intangible Assets		 0.35 43 40 41 43 52 57 106 91 81 149
Other Noncurrent Operating Assets		 0.00 5.73 6.95 25 482 521 620 657 642 674 731
Other Noncurrent Nonoperating Assets		 - 2.00 1.90 1.35 1.56 1.77 2.14 2.28 1.64 2.27 1.68
Total Liabilities & Shareholders' Equity		 35 849 869 1,109 1,647 1,787 2,058 2,434 2,690 3,287 3,759
Total Liabilities		 2.70 797 799 909 1,414 1,528 1,712 1,942 1,877 2,153 2,403
Total Current Liabilities		 1.32 155 192 240 327 398 375 467 437 480 587
Short-Term Debt		 0.21 27 34 39 40 40 11 12 18 25 25
Accounts Payable		 0.84 111 136 181 208 237 264 370 343 351 422
Current Deferred Revenue		 0.27 4.48 5.32 6.13 1.32 39 11 4.02 4.65 3.29 7.27
Other Current Liabilities		 - 13 16 13 79 82 89 81 72 100 132
Total Noncurrent Liabilities		 1.39 642 607 670 1,086 1,130 1,338 1,476 1,440 1,674 1,816
Long-Term Debt		 0.36 609 572 627 653 613 743 839 812 992 1,064
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - 0.00 9.26 16 22 22
Other Noncurrent Operating Liabilities		 - 5.11 6.16 5.01 434 517 594 627 612 660 730
Total Equity & Noncontrolling Interests		 33 52 70 200 233 258 346 491 813 1,133 1,356
Total Preferred & Common Equity		 33 48 62 127 152 166 229 333 631 902 1,090
Total Common Equity		 33 48 62 127 152 166 229 333 631 902 1,090
Common Stock		 33 198 212 243 263 308 343 436 723 988 1,180
Retained Earnings		 - -150 -150 -118 -103 -118 -93 -83 -80 -77 -95
Accumulated Other Comprehensive Income / (Loss)		 - 0.31 -0.55 2.26 -8.03 -24 -20 -21 -12 -9.06 4.89
Noncontrolling Interest		 - 3.57 8.37 73 81 93 117 158 183 231 266

Quarterly Balance Sheets for RadNet

This table presents RadNet's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025
Total Assets		 2,247 2,414 2,705 2,688 2,970 3,229 3,275 3,336 3,515 3,665
Total Current Assets		 325 343 603 579 796 1,005 1,016 1,016 1,094 1,078
Cash & Equivalents		 95 91 357 338 527 742 749 717 833 805
Accounts Receivable		 176 197 197 193 224 225 229 235 213 223
Prepaid Expenses		 53 55 49 48 45 39 38 64 48 50
Plant, Property, & Equipment, net		 516 545 576 577 619 653 664 708 741 781
Total Noncurrent Assets		 1,407 1,526 1,527 1,532 1,555 1,572 1,595 1,612 1,679 1,807
Long-Term Investments		 52 59 52 94 97 101 105 111 126 129
Goodwill		 575 687 688 676 694 709 712 717 752 828
Intangible Assets		 89 103 100 92 87 84 84 80 91 125
Noncurrent Deferred & Refundable Income Taxes		 3.51 - - - - - - - - 5.26
Other Noncurrent Operating Assets		 686 674 684 668 675 675 692 702 709 718
Other Noncurrent Nonoperating Assets		 1.76 2.12 1.96 1.80 1.48 2.51 2.42 2.12 1.97 1.83
Total Liabilities & Shareholders' Equity		 2,247 2,414 2,705 2,688 2,970 3,229 3,275 3,336 3,515 3,665
Total Liabilities		 1,789 1,921 1,944 1,892 1,892 2,137 2,156 2,200 2,336 2,351
Total Current Liabilities		 409 407 434 407 428 474 470 505 546 575
Short-Term Debt		 11 16 16 16 20 24 23 25 25 25
Accounts Payable		 296 297 333 302 325 354 339 368 407 419
Current Deferred Revenue		 3.57 4.34 5.05 5.18 4.48 4.46 4.39 3.42 3.43 8.17
Other Current Liabilities		 99 90 80 84 79 92 104 109 111 122
Total Noncurrent Liabilities		 1,380 1,514 1,510 1,485 1,464 1,662 1,686 1,694 1,789 1,776
Long-Term Debt		 736 852 848 844 814 1,002 996 985 1,077 1,071
Noncurrent Deferred & Payable Income Tax Liabilities		 - 10 10 17 14 17 21 28 21 0.00
Other Noncurrent Operating Liabilities		 644 651 652 624 635 643 669 681 691 706
Total Equity & Noncontrolling Interests		 458 493 761 796 1,077 1,093 1,120 1,137 1,179 1,314
Total Preferred & Common Equity		 313 328 593 619 873 881 895 898 932 1,059
Total Common Equity		 313 328 593 619 873 881 895 898 932 1,059
Common Stock		 424 449 704 715 969 974 979 1,017 1,026 1,147
Retained Earnings		 -82 -104 -95 -78 -82 -85 -82 -115 -100 -95
Accumulated Other Comprehensive Income / (Loss)		 -30 -17 -15 -18 -14 -8.06 -1.84 -3.92 6.63 5.97
Noncontrolling Interest		 145 165 168 177 204 212 224 238 247 255

Annual Metrics And Ratios for RadNet

This table displays calculated financial ratios and metrics derived from RadNet's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 77,146,342.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 77,146,342.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.24
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 23 25 3.94 31 55 25 62 36 77 91 33
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 2.70% 4.69% 4.21% 1.35%
Earnings before Interest and Taxes (EBIT)		 47 46 53 71 69 37 97 83 97 110 87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 113 118 124 147 220 200 274 206 232 261 244
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 24 -567 55 -219 29 102 -87 -197 26 -6.29 -210
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 33 625 573 823 849 773 922 1,155 1,206 1,303 1,547
Increase / (Decrease) in Invested Capital		 -1.08 591 -51 249 27 -77 149 233 51 97 243
Book Value per Share		 $0.71 $1.04 $1.29 $2.60 $3.02 $3.21 $4.28 $5.81 $9.29 $12.19 $14.13
Tangible Book Value per Share		 $0.49 ($5.03) ($4.95) ($6.78) ($6.63) ($6.96) ($6.39) ($7.86) ($2.05) $1.49 $0.44
Total Capital		 33 691 679 873 926 911 1,101 1,343 1,643 2,150 2,446
Total Debt		 0.57 639 609 672 692 653 755 852 830 1,016 1,090
Total Long-Term Debt		 0.36 612 575 633 653 613 743 839 812 992 1,064
Net Debt		 0.57 575 505 624 618 516 578 666 395 172 192
Capital Expenditures (CapEx)		 132 65 80 143 100 125 215 246 187 232 345
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 10 68 27 -1.95 -87 -190 -174 -215 -183 -176 -296
Debt-free Net Working Capital (DFNWC)		 10 89 78 8.44 -47 -88 -39 -87 160 564 471
Net Working Capital (NWC)		 10 63 44 -31 -86 -128 -51 -100 142 540 445
Net Nonoperating Expense (NNE)		 14 17 1.86 -7.56 32 27 18 2.65 47 52 16
Net Nonoperating Obligations (NNO)		 0.57 573 503 623 616 514 576 664 393 170 191
Total Depreciation and Amortization (D&A)		 66 72 70 77 152 163 178 122 135 150 157
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.18 $0.16 $0.00 $0.67 $0.30 ($0.29) $0.47 $0.19 $0.05 $0.04 ($0.25)
Adjusted Weighted Average Basic Shares Outstanding		 43.81M 46.24M 46.88M 48.11M 49.67M 50.89M 52.50M 56.29M 63.58M 73.04M 75.19M
Adjusted Diluted Earnings per Share		 $0.17 $0.15 $0.00 $0.66 $0.29 ($0.29) $0.46 $0.17 $0.05 $0.04 ($0.25)
Adjusted Weighted Average Diluted Shares Outstanding		 45.17M 46.66M 47.40M 48.68M 50.24M 50.89M 53.42M 57.32M 64.66M 74.76M 75.19M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 47.19M 47.20M 48.23M 50.07M 50.69M 52.27M 56.18M 57.84M 68.48M 74.04M 77.61M
Normalized Net Operating Profit after Tax (NOPAT)		 24 25 36 32 57 29 78 38 83 95 43
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for RadNet

This table displays calculated financial ratios and metrics derived from RadNet's official financial filings.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025
Period end date 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025
DEI Shares Outstanding		 - - - - - - - - - - 77,146,342.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 77,146,342.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.01
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Net Operating Profit after Tax (NOPAT)		 26 33 22 17 26 25 23 -17 30 19 13
Return On Investment Capital (ROIC_SIMPLE)		 - - 1.32% - - - 1.06% -0.79% 1.31% 0.78% 0.54%
Earnings before Interest and Taxes (EBIT)		 29 46 21 15 41 32 21 -18 37 34 35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 47 80 55 64 68 69 59 19 75 74 76
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -138 -133 -30 -60 -34 -36 -74 -47 -17 -172 -230
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,214 1,222 1,206 1,286 1,274 1,283 1,303 1,316 1,321 1,475 1,547
Increase / (Decrease) in Invested Capital		 164 166 51 77 60 61 97 30 47 191 243
Book Value per Share		 $10.17 $9.13 $9.29 $12.75 $11.92 $12.11 $12.19 $12.13 $12.43 $13.76 $14.13
Tangible Book Value per Share		 ($3.34) ($2.20) ($2.05) $1.34 $1.19 $1.34 $1.49 $1.36 $1.20 $1.38 $0.44
Total Capital		 1,625 1,657 1,643 1,912 2,119 2,139 2,150 2,147 2,282 2,410 2,446
Total Debt		 864 860 830 835 1,027 1,020 1,016 1,010 1,103 1,096 1,090
Total Long-Term Debt		 848 844 812 814 1,002 996 992 985 1,077 1,071 1,064
Net Debt		 455 428 395 211 184 166 172 182 144 162 192
Capital Expenditures (CapEx)		 40 42 40 61 76 46 49 53 81 95 117
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -172 -150 -183 -139 -187 -179 -176 -182 -259 -276 -296
Debt-free Net Working Capital (DFNWC)		 184 188 160 388 555 570 564 535 574 528 471
Net Working Capital (NWC)		 168 172 142 368 531 546 540 510 548 503 445
Net Nonoperating Expense (NNE)		 11 9.20 16 12 19 13 8.54 13 6.78 4.87 3.26
Net Nonoperating Obligations (NNO)		 453 426 393 209 182 164 170 180 142 161 191
Total Depreciation and Amortization (D&A)		 18 34 34 49 27 37 38 37 38 40 42
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.14 $0.26 $0.01 ($0.04) ($0.04) $0.04 $0.08 ($0.51) $0.19 $0.07 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 59.88M 67.79M 63.58M 69.31M 73.42M 73.49M 73.04M 74.38M 74.35M 75.95M 75.19M
Adjusted Diluted Earnings per Share		 $0.12 $0.25 $0.04 ($0.04) ($0.04) $0.04 $0.08 ($0.51) $0.19 $0.07 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 60.92M 68.81M 64.66M 69.31M 73.42M 75.17M 74.76M 74.38M 75.53M 77.39M 75.19M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 67.77M 67.89M 68.48M 73.88M 73.96M 74.03M 74.04M 75.03M 76.92M 77.15M 77.61M
Normalized Net Operating Profit after Tax (NOPAT)		 17 34 27 8.07 26 25 26 -13 32 21 24
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Financials Breakdown Chart

Key Financial Trends

RadNet, Inc. (NASDAQ: RDNT) has shown several notable trends in its latest quarterly results, with revenue momentum improving through 2025, a return to quarterly profitability in mid-year, and ongoing cash flow generation. Below are the top trends drawn from the last four years of quarterly statements (cash flow, income statement, and balance sheet).

  • Quarterly revenue progressed upward through 2025, with operating revenue rising to 547.7M in Q4 2025 from 471.4M in Q1 2025.
  • Net income turned positive in Q2 2025 and remained positive through Q4 2025, rising to 23.0M in Q2 2025 and 9.86M in Q4 2025 (vs. a loss in Q1 2025).
  • Earnings per share improved, with basic and diluted EPS turning positive in mid-2025 (EPS of 0.19 in Q2 2025 and 0.07 in Q4 2025), after a negative start to the year.
  • Operating cash flow was positive in all four quarters of 2025, totaling about 41.5M in Q1, 120.3M in Q2, 52.8M in Q3, and 84.2M in Q4, indicating solid cash generation across the year.
  • Free cash flow was positive in Q2 2025 (approx +39M) when CFO (~120.3M) exceeded capital expenditures (~81.1M), signaling cash generation after capex in at least one quarter.
  • Balance sheet growth continued in 2025, with total assets rising from about 3.34B in Q1 2025 to around 3.66B by Q3 2025, reflecting asset expansion and investment activity.
  • Total equity and noncontrolling interests climbed to about 1.32B by Q3 2025, up from roughly 1.06B at the start of 2025, strengthening the balance sheet (neutral stance on stock impact).
  • Cash and cash equivalents remained robust around 0.8B in 2025 (roughly 0.80–0.83B across mid-2025 quarters), providing liquidity but subject to quarterly cash needs.
  • Quarterly net financing cash flow was negative in Q3 and Q4 of 2025, reducing cash from financing (e.g., -5.32M in Q3 2025 and -7.40M in Q4 2025), despite a positive inflow in Q2.
  • Net income was negative in Q1 2025 (net income continuing operations of -29.7M; basic EPS -0.51), highlighting near-term profitability volatility at the year's start.

Additional context to consider:

RadNet’s 2025 results show a shift toward improved profitability and steady cash flow generation, supported by stronger revenue and a growing equity base. However, the company continued to invest heavily in property, plant, and equipment, contributing to ongoing capital expenditure and occasional quarterly cash flow fluctuations. Investors may want to monitor whether the revenue growth is sustainable and how future capex and financing decisions impact free cash flow and leverage over the next several quarters.

05/11/26 03:51 PM ETAI Generated. May Contain Errors.

RadNet Financials - Frequently Asked Questions

According to the most recent income statement we have on file, RadNet's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

RadNet's net income appears to be on an upward trend, with a most recent value of $17.05 million in 2025, rising from $8.64 million in 2015. The previous period was $38.84 million in 2024. See where experts think RadNet is headed by visiting RadNet's forecast page.

RadNet's total operating income in 2025 was $61.99 million, based on the following breakdown:
  • Total Gross Profit: $235.49 million
  • Total Operating Expenses: $173.49 million

Over the last 10 years, RadNet's total revenue changed from $845.66 million in 2015 to $2.04 billion in 2025, a change of 141.3%.

RadNet's total liabilities were at $2.40 billion at the end of 2025, a 11.6% increase from 2024, and a 88,756.4% increase since 2015.

In the past 10 years, RadNet's cash and equivalents has ranged from $0.00 in 2015 to $767.22 million in 2025, and is currently $767.22 million as of their latest financial filing in 2025.

Over the last 10 years, RadNet's book value per share changed from 0.71 in 2015 to 14.13 in 2025, a change of 1,887.0%.


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Financial statements for NASDAQ:RDNT last updated on 3/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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