RadNet, Inc. (RDNT) Income Statement
RDNT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRDNT revenue and net income
Where RDNT's revenue goes
2025Each bar shows an amount and its share of revenue. RDNT kept −0.9% of revenue as net income.
RDNT profit margins
RDNT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +11.5% | +12.6% | +13.7% | +9.7% |
| Gross profit | −63.5% | −18.2% | −3.0% | −1.1% |
| Operating income | −13.2% | +25.1% | +20.5% | +8.8% |
| Net income | −767.8% | — | — | — |
| EPS (diluted) | −38.1% | +24.9% | — | +11.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RDNT quarterly EPS vs estimates
RadNet beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 9, 2026 (estimate $0.21).
RDNT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.04B | $1.83B | $1.62B | $1.43B | $1.32B | $1.07B | $1.15B | $975.1M | $922.2M | $884.5M |
| Cost of revenue | $1.95B | $1.58B | $1.40B | $1.26B | $1.12B | $965.9M | $999.7M | $867.5M | $802.4M | $775.8M |
| Gross profit | $90.8M | $249.1M | $221.4M | $165.7M | $191.8M | $105.9M | $154.5M | $107.6M | $119.8M | $108.7M |
| Research & development | — | — | $1.3M | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | — | — | — | $1.27B | $1.12B | $970.3M | $1.00B | $869.5M | $1.8M | $2.9M |
| Total operating expenses | $1.98B | $144.5M | $122.7M | $119.4M | $109.2M | $70.3M | $84.6M | $72.9M | $66.8M | $66.6M |
| Operating income | $90.8M | $104.6M | $98.7M | $46.4M | $82.6M | $35.7M | $69.9M | $30.9M | $50.0M | $38.5M |
| Interest income | — | — | — | — | — | — | $39.7M | $39.5M | $27.1M | $28.7M |
| Interest expense | $69.9M | $79.8M | $64.5M | $50.8M | $48.8M | $45.9M | $48.0M | $43.5M | $40.6M | $43.5M |
| Income before taxes | $31.9M | $44.9M | $38.8M | $43.0M | $58.9M | −$854,000 | $29.7M | $38.5M | $26.4M | $12.4M |
| Income taxes | $14.9M | $6.0M | $8.5M | $9.4M | $14.6M | $895,000 | $6.2M | $394,000 | $24.3M | $4.4M |
| Net income | −$18.7M | $2.8M | $3.0M | $10.7M | $24.7M | −$14.8M | $14.8M | $32.2M | $53,000 | $7.2M |
| EBITDA | $253.9M | $262.5M | $292.8M | $278.5M | $278.4M | $199.7M | $225.2M | $107.6M | $119.8M | $108.7M |
| EPS (diluted) | $0.39 | $0.63 | $0.50 | $0.20 | $0.65 | −$0.21 | $0.33 | $0.45 | $0.32 | $0.24 |
| Gross margin | 4.5% | 13.6% | 13.7% | 11.6% | 14.6% | 9.9% | 13.4% | 11.0% | 13.0% | 12.3% |
| Operating margin | 4.5% | 5.7% | 6.1% | 3.2% | 6.3% | 3.3% | 6.1% | 3.2% | 5.4% | 4.4% |
| Net margin | −0.9% | 0.2% | 0.2% | 0.7% | 1.9% | −1.4% | 1.3% | 3.3% | 0.0% | 0.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $622.7M | $575.6M | $547.7M | $522.9M | $498.2M | $471.4M | $477.1M | $461.1M | $459.7M | $431.7M | $420.4M | $402.0M |
| Cost of revenue | $534.6M | $592.0M | $471.8M | $450.4M | $429.1M | $453.5M | $411.4M | $391.8M | $389.7M | $387.6M | $356.6M | $341.6M |
| Gross profit | $88.1M | −$16.4M | $75.9M | $72.5M | $69.1M | $17.9M | $65.7M | $69.3M | $70.0M | $44.1M | $63.8M | $60.3M |
| Research & development | — | — | $3.6M | $3.6M | — | $3.6M | $6.6M | — | $3.3M | $3.3M | $1.3M | — |
| Total operating expenses | $48.6M | $46.8M | $40.9M | $39.8M | $38.3M | $42.0M | $41.1M | $35.4M | $35.1M | $32.8M | $39.5M | $17.1M |
| Operating income | $39.5M | −$16.4M | $35.1M | $32.7M | $30.9M | −$24.1M | $24.5M | $33.9M | $34.8M | $11.3M | $24.3M | $43.3M |
| Interest expense | $18.2M | $17.7M | $18.1M | $17.4M | $17.2M | $17.2M | $18.1M | $19.4M | $26.1M | $16.3M | $16.6M | $16.1M |
| Income before taxes | $26.6M | −$32.8M | $20.9M | $20.3M | $23.9M | −$33.1M | $15.3M | $16.6M | $9.4M | $3.5M | $6.7M | $31.3M |
| Income taxes | $6.4M | −$8.1M | $11.1M | $6.4M | $820,000 | −$3.4M | $1.1M | $4.3M | $2.5M | −$1.9M | $732,000 | $7.2M |
| Net income | $7.5M | −$33.5M | −$597,000 | $5.4M | $14.5M | −$37.9M | $5.3M | $3.2M | −$3.0M | −$2.8M | −$1.9M | $17.5M |
| EBITDA | $90.3M | $29.8M | $79.9M | $77.4M | $77.0M | $19.6M | $126.3M | $71.0M | $70.0M | $52.2M | $69.6M | $79.6M |
| EPS (diluted) | $0.29 | −$0.28 | $0.23 | $0.20 | $0.31 | −$0.35 | $0.22 | $0.18 | $0.16 | $0.07 | $0.20 | $0.14 |
| Gross margin | 14.1% | −2.8% | 13.9% | 13.9% | 13.9% | 3.8% | 13.8% | 15.0% | 15.2% | 10.2% | 15.2% | 15.0% |
| Operating margin | 6.3% | −2.8% | 6.4% | 6.3% | 6.2% | −5.1% | 5.1% | 7.4% | 7.6% | 2.6% | 5.8% | 10.8% |
| Net margin | 1.2% | −5.8% | −0.1% | 1.0% | 2.9% | −8.0% | 1.1% | 0.7% | −0.6% | −0.6% | −0.4% | 4.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RDNT's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RDNT financial results
In fiscal year 2025 (ended December 31, 2025), RadNet reported revenue of $2.0 billion, up 11.5% from the year before. It had a net loss of $18.7 million, a net profit margin of −0.9%. Diluted earnings per share came to $0.39. Over five years revenue grew at an average rate of 13.7% a year.
See the RDNT stock overview for the latest quote and news, or the RDNT chart for price history and technical indicators.
RDNT income statement FAQ
What is RadNet's annual revenue?
RadNet reported total revenue of $2.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 11.5% from $1.8 billion the previous year.
Is RadNet profitable?
No. RadNet reported a net loss of $18.7 million in fiscal 2025, a net profit margin of −0.9%; its operating margin was 4.5%.
What is RadNet's gross margin?
RadNet's gross margin was 4.5% in fiscal 2025: for every $100 of revenue, RadNet kept $4 after the direct cost of its products and services.
How fast is RadNet growing?
Revenue grew 13.7% a year on average over the last five fiscal years, from $1.1 billion to $2.0 billion.
What are RadNet's earnings per share?
RadNet earned $0.39 per diluted share in fiscal 2025, compared with $0.63 a year earlier.
When will RadNet report its next earnings?
RadNet is expected to report results for the quarter ending September 30, 2026 on November 9, 2026.
When does RadNet's fiscal year end?
RadNet's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.