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Nasdaq · Healthcare

RadNet, Inc. (RDNT)

As-reported financials and SEC filings for RadNet, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About RadNet, Inc.

RadNet, Inc. provides diagnostic imaging services through a network of 418 imaging centers across several U.S. states. Its services include MRI, CT, PET, nuclear medicine, mammography, ultrasound, X-ray, and fluoroscopy, primarily serving physicians and patients for disease diagnosis and treatment. The company also offers digital health solutions, including AI-enhanced radiology software and teleradiology services in the United Kingdom.

Snapshot

Revenue
$2.04B
Revenue growth (YoY)
11.5%
Net income
$-18.7M
Diluted EPS
$-0.25
Gross margin
—
Operating margin
3.0%
Net margin
-0.9%
FCF margin
—
ROE
-1.4%
net income / fiscal-year-end equity
P/E
n/m
not meaningful: a reported loss in the fiscal year or the trailing twelve months
Market cap
$5.58B
Long-term debt / equity
0.79×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at RadNet

  • Revenue grew 11.5% to $2.0B in FY2025, in line with the 13.2% the year before.
  • Operating margin is 3.0% in FY2025, -3.2 pp against 6.3% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $623M, up 25.0% from Q2 FY2025.
  • Net income turned to a $19M loss in FY2025, from a $3M profit in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where RadNet’s fundamentals sit among the 570 Healthcare companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin3.0%
56th percentile of 410
Net margin-0.9%
50th percentile of 429
Revenue growth (YoY)+11.5%
53rd percentile of 552
ROE-1.4%
60th percentile of 481
Long-term debt / equity0.79×
70th percentile of 251
Short interest12.84d
94th percentile of 568

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 3 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+3 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
5
2 trimmed, 3 exited
Combined position
$81.4M
reported long value
InvestorAs ofPosition valueSharesChange
Point72 Asset ManagementquantQ2 2026$30.4M492.4KReduced
Millennium ManagementquantQ2 2026$28.7M465.6KAdded
First Eagle Investment ManagementQ2 2026$12.0M195.0KAdded
Soros Fund ManagementQ2 2026$7.2M116.6KReduced
AQR Capital ManagementquantQ2 2026$3.1M49.6KAdded

No longer held by: Citadel Advisors (as of Q2 2026), D. E. Shaw (as of Q2 2026), Two Sigma Investments (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
0
—
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-18
filed 2026-06-22
David L. SwartzDirectorSell2.7K$53.89$145K
2026-06-16
filed 2026-06-18
Cornelis WesdorpPres & CEO, Digital HealthSell4.8K$58.11$276K
2026-06-15
filed 2026-06-16
Stephen M. ForthuberPres & CEO-Eastern OperationsSell24.2K$57.79$1.4M
2026-06-15
filed 2026-06-16
Stephen M. ForthuberPres & CEO-Eastern OperationsSell19.9K$58.61$1.2M

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
9.4M
settled 2026-09-30
Change vs prior
-3.2%
vs previous settlement
Days to cover
12.84
at avg daily volume
Avg daily volume
729.3K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-309.4M-3.2%12.84
2026-09-159.7M-2.7%11.93
2026-08-319.9M+2.6%19.47
2026-08-149.7M-7.1%10.31
2026-07-3110.4M+3.9%16.93
2026-07-1510.0M+0.3%11.38
2026-06-3010.0M+13.4%7.89
2026-06-158.8M-3.8%11.47

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$2.04B$1.83B$1.62B$1.43B$1.32B
Gross profit—————
Operating income$62.0M$104.6M$98.7M$46.4M$82.6M
Net income$-18.7M$2.8M$3.0M$10.7M$24.7M
Diluted EPS$-0.25$0.04$0.05$0.17$0.46

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$298.8M$233.0M$220.9M$146.4M$149.5M
Capital expenditure—————
Free cash flow—————

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$622.7M25.0%$7.5M$0.10
Q1 FY2026$575.6M22.1%$-33.5M$-0.43
Q4 FY202514.8%
Q3 FY2025$522.9M13.4%$5.4M$0.07
Q2 FY2025$498.2M8.4%$14.5M$0.19
Q1 FY2025$471.4M9.2%$-37.9M$-0.51
Q4 FY202413.5%
Q3 FY2024$461.1M14.7%$3.2M$0.04

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryServices-Medical Laboratories
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2011
SEC CIK790526

Selected SEC filings

10-K2026-03-02
View on EDGAR →
10-Q2026-08-10
View on EDGAR →
10-Q2026-05-11
View on EDGAR →
8-K2026-08-14
View on EDGAR →
8-K2026-08-10
View on EDGAR →
8-K2026-06-10
View on EDGAR →
8-K2026-06-04
View on EDGAR →

Largest Healthcare peers

All Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.