Filing Flows › RadNet (RDNT) › Q1 2026 › vs Q1 2025
RadNet (RDNT) Q1 2026 vs Q1 2025 (year over year)
RadNet's revenue rose $104M (+22%) from $471M in Q1 2025 to $576M in Q1 2026. The biggest changes: Health Care, Patient Service +$90.8M (+20%); Other revenue +$12.3M (+98%); Management fee revenue +$1.2M (+19%).
RadNet, Q1 2026: revenue $576M (+22% year over year), operating margin -4.2%, net loss $24.7M, operating cash flow $79.0M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 1.6% | -1.6% | +3.1 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Commercial insurance | $316M | $262M | $53.4M | +20% |
| Medicare | $137M | $108M | $29.0M | +27% |
| Other payors | $33.6M | $27.7M | $5.9M | +21% |
| Revenue under capitation arrangements | $30.4M | $32.0M | −$1.6M | -5% |
| Medicaid | $14.0M | $11.7M | $2.3M | +20% |
| Workers' compensation/personal injury | $12.3M | $10.5M | $1.8M | +18% |
| Health Care, Patient Service | $543M | $453M | $90.8M | +20% |
| Other revenue | $24.8M | $12.5M | $12.3M | +98% |
| Management fee revenue | $7.5M | $6.3M | $1.2M | +19% |
| Revenue | $576M | $471M | $104M | +22% |
| Income tax benefit | $8.1M | $3.4M | $4.7M | +138% |
| Net loss | $24.7M | $29.7M | −$5.0M | -17% |
| Costs & expenses | $608M | $505M | $104M | +21% |
| Operating costs | $600M | $496M | $104M | +21% |
| Interest & other, net | $8.9M | $9.0M | −$109K | -1% |
| Operating cash sources | $104M | $71.2M | $32.5M | +46% |
| Depreciation & amortization | $45.0M | $35.5M | $9.5M | +27% |
| Share-based compensation | $31.4M | $28.5M | $2.9M | +10% |
| Working capital & other | $27.4M | $7.2M | $20.1M | +278% |
| Net loss absorbed | $24.7M | $29.7M | −$5.0M | -17% |
| Operating cash flow | $79.0M | $41.5M | $37.5M | +90% |
| Free cash flow (OCF − capex) | $9.0M | −$7.4M | $16.4M | — |
| Capital expenditures | $69.9M | $48.8M | $21.1M | +43% |
Questions
How much did RadNet's revenue grow year over year in Q1 2026?
RadNet's revenue rose $104M (+22%) from $471M in Q1 2025 to $576M in Q1 2026.
What drove RadNet's revenue change in Q1 2026?
Health Care, Patient Service +$90.8M (+20%); Other revenue +$12.3M (+98%); Management fee revenue +$1.2M (+19%).