Filing Flows › RadNet (RDNT) › Q1 2025
RadNet (RDNT) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
RadNet (RDNT) reported revenue of $471M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -1% from the quarter before. Operating margin was -5.1%, net loss $29.7M (6.3% of revenue).
RadNet, Q1 2025: revenue $471M (+9% year over year), operating margin -5.1%, net loss $29.7M, operating cash flow $41.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $471M | -1% | +9% |
| Operating profit | −$24.1M | -198% | — |
| Net earnings | −$29.7M | -656% | — |
| Operating cash flow | $41.5M | -2% | +143% |
What changed
Revenue was $471.4M in Q1 2025, up 9% year over year and down 1% from the previous quarter. Commercial insurance was the largest line at 56% of revenue. Commercial insurance added $21.9M year over year (up 9%), 55% of the total change. Workers' compensation/personal injury declined 11%.
Operating costs exceeded revenue by $24.1M, an operating margin of -5.1%. Total costs grew 18% against revenue growth of 9%. The quarter ended with a net loss of $29.7M, after a profit of $14.2M the previous quarter.
Operating cash flow was $41.5M (up 143% year over year). Non-cash charges added back $35.5M of depreciation and amortization and $28.5M of share-based compensation. Working capital and other items added $7.2M. Capital expenditures of $48.8M exceeded it, leaving free cash flow of −$7.4M.
Questions
What was RadNet's revenue in the first quarter 2025?
RadNet (RDNT) reported revenue of $471M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -1% from the quarter before.
Was RadNet profitable in the first quarter 2025?
Operating loss was $24.1M (-5.1% of revenue) and net loss $29.7M.
Source: RadNet 10-Q on SEC EDGAR.