Quarterly ResultMay 11, 2026, 04:47 PM
RadNet Q1 Revenue +22.1% to $575.6M; Net Loss Narrows to $33.5M
AI Summary
RadNet, Inc. reported a significant increase in total service revenue for the first quarter of 2026, rising 22.1% to $575.6 million. The company also narrowed its net loss attributable to common stockholders to $33.5 million, an improvement from $37.9 million in the prior year. This quarter saw substantial investment in acquisitions, with $304.2 million used for purchasing imaging facilities and other businesses.
Key Highlights
- Total service revenue increased 22.1% to $575.6 million in Q1 2026 from $471.4 million in Q1 2025.
- Net loss attributable to common stockholders narrowed to $33.5 million from $37.9 million year-over-year.
- Basic and diluted net loss per share improved to $(0.43) in Q1 2026 from $(0.51) in Q1 2025.
- Cash used in investing activities totaled $371.0 million, primarily for acquisitions.
- Goodwill increased by $188.0 million due to acquisitions in the first quarter of 2026.
- Commercial insurance revenue rose to $315.9 million in Q1 2026 from $262.5 million in Q1 2025.
- Medicare revenue increased to $137.2 million in Q1 2026 from $108.2 million in Q1 2025.
Price Impact
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