Filing Flows › RadNet (RDNT) › Q1 2026
RadNet (RDNT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
RadNet (RDNT) reported revenue of $576M for the first quarter 2026 (Q1 2026), +22% from a year earlier and +5% from the quarter before. Operating margin was -4.2%, net loss $24.7M (4.3% of revenue).
RadNet, Q1 2026: revenue $576M (+22% year over year), operating margin -4.2%, net loss $24.7M, operating cash flow $79.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $576M | +5% | +22% |
| Operating profit | −$23.9M | -186% | — |
| Net earnings | −$24.7M | -351% | — |
| Operating cash flow | $79.0M | -6% | +90% |
| Free cash flow | $9.0M | -73% | — |
What changed
Revenue was $575.6M in Q1 2026, up 22% year over year and up 5% from the previous quarter. Commercial insurance was the largest line at 55% of revenue. Commercial insurance added $53.4M year over year (up 20%), 51% of the total change. Revenue under capitation arrangements declined 5%.
Operating costs exceeded revenue by $23.9M, an operating margin of -4.2%. Total costs grew 21% against revenue growth of 22%. The quarter ended with a net loss of $24.7M, after a profit of $9.9M the previous quarter.
Operating cash flow was $79.0M (up 90% year over year). Non-cash charges added back $45.0M of depreciation and amortization and $31.4M of share-based compensation. Working capital and other items added $27.4M. Capital expenditures of $69.9M left free cash flow of $9.0M.
Questions
What was RadNet's revenue in the first quarter 2026?
RadNet (RDNT) reported revenue of $576M for the first quarter 2026 (Q1 2026), +22% from a year earlier and +5% from the quarter before.
Was RadNet profitable in the first quarter 2026?
Operating loss was $23.9M (-4.2% of revenue) and net loss $24.7M.
Source: RadNet 10-Q on SEC EDGAR.