Filing Flows › RadNet (RDNT) › Q2 2025
RadNet (RDNT) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
RadNet (RDNT) reported revenue of $498M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +6% from the quarter before. Operating margin was 6.2%, net earnings $14.5M (2.9% of revenue).
RadNet, Q2 2025: revenue $498M (+8% year over year), operating margin 6.2%, net earnings $14.5M, operating cash flow $120M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $498M | +6% | +8% |
| Operating profit | $30.9M | — | -11% |
| Net earnings | $14.5M | — | — |
| Operating cash flow | $120M | +190% | +4% |
| Free cash flow | $67.4M | — | -3% |
What changed
Revenue was $498.2M in Q2 2025, up 8% year over year and up 6% from the previous quarter. Commercial insurance was the largest line at 56% of revenue. Commercial insurance added $22.4M year over year (up 9%), 58% of the total change. Revenue under capitation arrangements declined 18%.
Operating profit was $30.9M, a 6.2% margin (down 1.4 points year over year). Operating profit fell $4.0M even though revenue rose $38.5M versus a year earlier, so costs grew faster than sales. Total costs grew 10% against revenue growth of 8%. Net earnings were $14.5M. The effective tax rate was 3.4%.
Operating cash flow was $120.3M (up 4% year over year), 522% of net income including minority interests. Non-cash charges added back $36.0M of depreciation and amortization and $8.7M of share-based compensation. Working capital and other items added $52.6M. Capital expenditures of $52.9M left free cash flow of $67.4M.
Questions
What was RadNet's revenue in the second quarter 2025?
RadNet (RDNT) reported revenue of $498M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +6% from the quarter before.
Was RadNet profitable in the second quarter 2025?
Operating profit was $30.9M (6.2% of revenue) and net earnings $14.5M.
Source: RadNet 10-Q on SEC EDGAR.