RadNet Inc
NASDAQ:RDNT

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RadNet Inc
NASDAQ:RDNT
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Price: 77.82 USD -4.02% Market Closed
Market Cap: 6B USD

RadNet Inc
Investor Relations

RadNet Inc. stands as a formidable entity in the realm of diagnostic imaging services, charting its course as a crucial component within the broader healthcare sector. Founded in 1980, the company has evolved into a vital provider of outpatient imaging services across the United States, leveraging both organic growth and strategic acquisitions. RadNet operates a network of imaging centers, equipped with cutting-edge technology and staffed by experienced radiologists and technicians. These centers offer a range of diagnostic imaging procedures, including MRI, CT, mammography, X-ray, and ultrasound. By positioning itself at the intersection of healthcare efficiency and innovation, RadNet marries technology with patient care, optimizing the process of disease detection and diagnosis.

Revenue streams for RadNet primarily flow from patient payments and insurance reimbursements for services rendered. With the increasing reliance on advanced imaging techniques in modern medicine, RadNet capitalizes on the demand for accurate, timely diagnostic data from healthcare providers aiming to enhance patient care protocols. Another key revenue avenue stems from partnerships with hospitals and healthcare systems, wherein RadNet provides the technical platform and expertise, thus enabling these institutions to focus on core patient care activities. This business model not only underscores the importance of diagnostic services in preventive and restorative healthcare but also sharpens RadNet’s competitive edge through scale, efficiency, and an extensive network of service locations.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 10, 2025
AI Summary
Q3 2025

Record Results: RadNet delivered record third quarter revenue and adjusted EBITDA, both exceeding internal budgets and driven by double-digit growth.

Advanced Imaging Growth: Advanced imaging volumes saw robust increases, with aggregate MRI, CT, and PET/CT volumes up significantly year-over-year.

Margin Improvement: Adjusted EBITDA margin improved by 26 basis points to 16.2%, reflecting strong cost management and a favorable shift in procedure mix.

Upward Guidance Revision: The company raised its 2025 full year guidance for revenue and adjusted EBITDA, citing strong performance and positive trends.

Digital Health Expansion: Digital health revenue grew over 50%, aided by the iCAD acquisition and strong adoption of AI-powered breast cancer screening.

Medicare Uplift: CMS's 2026 final rule will result in a $4–5 million Medicare revenue increase for RadNet, breaking a multi-year trend of Medicare cuts.

AI and Tech Investments: Continued rollout of TechLive and dynamic scheduling are boosting capacity and efficiency, while new AI applications are improving reimbursement and throughput.

Strong Balance Sheet: The company ended Q3 with $804.7 million in cash and a net debt to EBITDA ratio of about 1.0, enabling ongoing investment and M&A.

Key Financials
Adjusted EBITDA Margin
16.2%
Advanced Imaging Procedures Share
28.2%
Cash Balance
$804.7 million
Net Debt to Adjusted EBITDA Ratio
1.0
Net Debt
$287.3 million
Days Sales Outstanding (DSO)
31.9 days
Medicare Revenue Uplift (2026)
$4–5 million
Imaging Centers
407 centers
PET/CT Volume Share: PSMA
12%
PET/CT Volume Share: Amyloid Brain
8%
Earnings Call Recording
Other Earnings Calls

Management

Dr. Howard G. Berger M.D.
Chairman, President & CEO
No Bio Available
Mr. Mark D. Stolper
Executive VP & CFO
No Bio Available
Dr. A. Gregory Sorensen M.D.
Executive VP, Chief Science Officer & Director
No Bio Available
Mr. Norman R. Hames
President & COO of Western Operations
No Bio Available
Mr. Stephen M. Forthuber
President & COO of Eastern Operations
No Bio Available
Ms. Christine Nayoma Gordon
Senior VP of Operations of Northern California
No Bio Available
Mr. Ranjan Jayanathan
Executive VP, Chief Information Officer & GM of eRAD - Radiology Information Technology Division
No Bio Available
Ms. Laura Foster BSRT, MPH, J.D.
Senior Vice President of Compliance & Regulatory Affairs
No Bio Available
Mr. Michael M. Murdock
Executive Vice President of Mergers & Acquisitions
No Bio Available
Mr. Derek Bomar
Senior VP & Director of Materials & Asset Management
No Bio Available

Contacts

Address
CALIFORNIA
Los Angeles
1510 Cotner Ave
Contacts
+13104787808.0
www.radnet.com