Filing Flows › RadNet (RDNT) › Q1 2026 › vs Q4 2025
RadNet (RDNT) Q1 2026 vs Q4 2025 (quarter over quarter)
RadNet's revenue rose $27.9M (+5%) from $548M in Q4 2025 to $576M in Q1 2026. The biggest changes: Health Care, Patient Service +$23.5M (+5%); Other revenue +$4.4M (+22%); Management fee revenue −$24K (-0.3%).
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 Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 1.6% | 6.0% | -4.5 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Commercial insurance | $316M | $301M | $15.1M | +5% |
| Medicare | $137M | $129M | $7.8M | +6% |
| Other payors | $33.6M | $31.5M | $2.1M | +7% |
| Revenue under capitation arrangements | $30.4M | $31.9M | −$1.5M | -5% |
| Medicaid | $14.0M | $14.0M | −$10K | -0.1% |
| Workers' compensation/personal injury | $12.3M | $12.2M | $64K | +0.5% |
| Health Care, Patient Service | $543M | $520M | $23.5M | +5% |
| Other revenue | $24.8M | $20.4M | $4.4M | +22% |
| Management fee revenue | $7.5M | $7.5M | −$24K | -0.3% |
| Revenue | $576M | $548M | $27.9M | +5% |
| Income tax benefit | $8.1M | −$11.1M | $19.2M | — |
| Net loss | $24.7M | −$9.9M | $34.6M | — |
| Costs & expenses | $608M | $548M | $60.7M | +11% |
| Operating costs | $600M | $520M | $79.6M | +15% |
| Interest & other, net | $8.9M | $6.9M | $2.0M | +29% |
| Operating cash sources | $104M | $74.3M | $29.4M | +40% |
| Depreciation & amortization | $45.0M | $40.9M | $4.1M | +10% |
| Share-based compensation | $31.4M | $8.3M | $23.1M | +277% |
| Working capital & other | $27.4M | $25.1M | $2.2M | +9% |
| Net loss absorbed | $24.7M | −$9.9M | $34.6M | — |
| Operating cash flow | $79.0M | $84.2M | −$5.2M | -6% |
| Free cash flow (OCF − capex) | $9.0M | $33.1M | −$24.1M | -73% |
| Capital expenditures | $69.9M | $51.0M | $18.9M | +37% |
Questions
How much did RadNet's revenue grow quarter over quarter in Q1 2026?
RadNet's revenue rose $27.9M (+5%) from $548M in Q4 2025 to $576M in Q1 2026.
What drove RadNet's revenue change in Q1 2026?
Health Care, Patient Service +$23.5M (+5%); Other revenue +$4.4M (+22%); Management fee revenue −$24K (-0.3%).