Filing Flows › RadNet (RDNT) › Q2 2026 › vs Q2 2025
RadNet (RDNT) Q2 2026 vs Q2 2025 (year over year)
RadNet's revenue rose $124M (+25%) from $498M in Q2 2025 to $623M in Q2 2026. The biggest changes: Health Care, Patient Service +$120M (+25%); Workers' compensation/personal injury +$2.9M (+27%); Medicaid +$1.9M (+15%). Operating margin 6.3% against 6.2% (+0.1 pts).
RadNet, Q2 2026: revenue $623M (+25% year over year), operating margin 6.3%, net earnings $7.5M, operating cash flow $94.1M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 6.3% | 6.2% | +0.1 pts |
| Net margin | 1.2% | 2.9% | -1.7 pts |
| Free cash flow margin | 6.1% | 13.5% | -7.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Commercial insurance | $339M | $279M | $60.5M | +22% |
| Medicare | $151M | $116M | $34.5M | +30% |
| Other payors | $36.8M | $29.4M | $7.4M | +25% |
| Revenue under capitation arrangements | $30.1M | $30.2M | −$36K | -0.1% |
| Other revenue | $29.7M | $13.5M | $16.2M | +120% |
| Management fee revenue | $7.9M | $6.7M | $1.2M | +17% |
| Health Care, Patient Service | $595M | $475M | $120M | +25% |
| Medicaid | $14.5M | $12.6M | $1.9M | +15% |
| Workers' compensation/personal injury | $13.5M | $10.6M | $2.9M | +27% |
| Revenue | $623M | $498M | $124M | +25% |
| Operating profit | $39.5M | $30.9M | $8.6M | +28% |
| Costs & expenses | $583M | $467M | $116M | +25% |
| Pre-tax earnings | $26.6M | $23.9M | $2.8M | +12% |
| Other expense, net | $12.9M | $7.0M | $5.8M | +83% |
| Net earnings | $7.5M | $14.5M | −$6.9M | -48% |
| Minority interests | $12.7M | $8.6M | $4.1M | +48% |
| Income tax | $6.4M | $820K | $5.5M | +676% |
| Depreciation & amortization | $45.5M | $36.0M | $9.5M | +26% |
| Share-based compensation | $10.5M | $8.7M | $1.8M | +21% |
| Working capital & other | $30.5M | $61.2M | −$30.7M | -50% |
| Operating cash flow | $94.1M | $120M | −$26.2M | -22% |
| Free cash flow (OCF − capex) | $37.8M | $67.4M | −$29.6M | -44% |
| Capital expenditures | $56.3M | $52.9M | $3.3M | +6% |
Questions
How much did RadNet's revenue grow year over year in Q2 2026?
RadNet's revenue rose $124M (+25%) from $498M in Q2 2025 to $623M in Q2 2026.
What drove RadNet's revenue change in Q2 2026?
Health Care, Patient Service +$120M (+25%); Workers' compensation/personal injury +$2.9M (+27%); Medicaid +$1.9M (+15%).