RadNet, Inc. (RDNT) AI Stock Analysis

NASDAQ: RDNTAI research summary: business, growth, valuation, analysts, bull and bear case.

RDNT AI stock analysis summary

AI Research

RadNet, Inc. (RDNT) is an outpatient diagnostic imaging services provider that operates an extensive imaging center network and develops radiology software. The company achieved a 5-year revenue CAGR of 13.7% through FY2025, but FY2025 net income dropped to -$18.7M. As of June 30, 2026, RadNet carried total debt of $2.18B against cash of $726.3M.

Market cap
$5.41B
Revenue (TTM)
$2.27B
P/E
—
fwd 36.6x
1Y return
-11.1%
S&P 500 16.8%
Avg. target
$94.62
37.5% vs last close

Bull case

  • Quarterly revenue grew 25.0% year-over-year in the quarter ended June 30, 2026.
  • Free cash flow reached $85.6M in FY2025, up from $45.0M in FY2024.
  • The consensus analyst price target of $94.62 implies 37.5% upside from the recent close of $68.80.

Bear case

  • RadNet posted a net loss of -$18.7M in FY2025 and trailing twelve months EPS of -$0.27.
  • Total debt stood at $2.18B as of June 30, 2026, leading to a high debt-to-equity ratio of 1.99.
  • Shares experienced shareholder dilution, with the share count increasing 45.9% over five years.

What RadNet does

RadNet, Inc. provides outpatient diagnostic imaging services across the United States. Established in 1981, the company offers medical imaging modalities including MRI, CT, PET, nuclear medicine, mammography, ultrasound, diagnostic radiology, and fluoroscopy. RadNet also develops and sells computerized systems for the diagnostic imaging industry, such as picture archiving communications systems (PACS). In addition, it integrates artificial intelligence into radiology practices, deploying AI suites for mammography interpretation and developing solutions for lung and prostate cancers. As of December 31, 2021, RadNet owned and managed 347 outpatient imaging centers across states including Arizona, California, Delaware, Florida, Maryland, New Jersey, and New York.

Growth and profitability

RadNet expanded annual revenue from $1.32B in FY2021 to $2.04B in FY2025, reflecting a 5-year revenue CAGR of 13.7%. Operating margin declined from 6.3% in FY2021 to 4.5% in FY2025, while gross margin fell to 4.5% from 14.6% in FY2021. Net income moved from $24.7M in FY2021 to -$18.7M in FY2025, with EPS of $0.39. Over the trailing twelve months, revenue totaled $2.27B with an operating margin of 7.9% and EPS of -$0.27. In the latest quarter ended June 30, 2026, quarterly revenue grew 25.0% year-over-year, while quarterly earnings fell 49.1%.

RDNT income statement →

Balance sheet and cash flow

As of June 30, 2026, RadNet held $726.3M in cash and short-term investments, with total debt of $2.18B and net debt of $1.46B. Shareholders' equity was $1.10B, yielding a debt-to-equity ratio of 1.99 and a current ratio of 1.48. In FY2025, the company generated $298.8M in operating cash flow and $85.6M in free cash flow after funding capital expenditures of $213.3M. In addition, its share count expanded 45.9% over a 5-year period.

RDNT balance sheet →

Valuation and performance

RadNet trades at a forward P/E of 36.6x and an EV/EBITDA of 21.6x, compared to the median of its US-listed Healthcare peers of 17.3x and 12.0x, respectively. The stock's price-to-sales multiple stands at 2.4x, below the peer median of 4.1x. Over the past year, RadNet shares dropped 11.1%, trailing the S&P 500 return of 16.8%. Over a 5-year horizon, RDNT returned 139.1% against 83.0% for the S&P 500.

RDNT key metrics →

What analysts expect

Wall Street coverage includes 6 Strong Buy ratings and 2 Buy ratings, with no Hold or Sell recommendations. The consensus mean price target is $94.62, representing a 37.5% premium to the last close of $68.80 on October 16, 2026. For the fiscal year ending December 31, 2026, analysts estimate revenue of $2.51B and EPS of $0.51, representing 31.9% earnings growth. Over the last four quarters, the company met or exceeded EPS estimates 2 times. The next earnings date is November 9, 2026.

RDNT forecast and price target →

Key risks and what to watch

  • Gross margin decreased from 14.6% in FY2021 to 4.5% in FY2025.
  • Net debt of $1.46B on June 30, 2026, exposes the company to leverage obligations.
  • Short interest is notable, with short interest accounting for 14.1% of the float.
  • Quarterly earnings fell 49.1% year-over-year in the period ended June 30, 2026.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this RDNT AI stock analysis

This page is an AI-written research summary of RadNet, Inc. (RDNT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: RDNT income statement, RDNT balance sheet, RDNT key metrics, RDNT analyst forecast, RDNT chart. See the RDNT stock overview for the latest quote and news.

RDNT AI stock analysis FAQ

What is RadNet's primary line of business?

RadNet operates outpatient diagnostic imaging centers providing procedures like MRI, CT, and mammography, while also developing AI applications and PACS software for the medical imaging industry.

Does RadNet pay a dividend?

RadNet does not currently pay a dividend, allocating its operating cash flow toward capital expenditures, which were $213.3M in FY2025.

How much debt does RadNet carry?

As of June 30, 2026, RadNet had total debt of $2.18B and cash of $726.3M, resulting in net debt of $1.46B and a debt-to-equity ratio of 1.99.

What are analysts forecasting for RadNet's revenue and earnings?

For the fiscal year ending December 31, 2026, analysts forecast revenue of $2.51B and EPS of $0.51, followed by projected revenue of $2.76B and EPS of $0.89 in the next fiscal year.

More Healthcare AI stock analysis