Filing Flows › RadNet (RDNT) › Q3 2026 › vs Q3 2025
RadNet (RDNT) Q3 2026 vs Q3 2025 (year over year)
RadNet's revenue rose $115M (+22%) from $523M in Q3 2025 to $638M in Q3 2026. The biggest changes: Health Care, Patient Service +$116M (+24%); Revenue under capitation arrangements −$201K (-0.6%). Operating margin 4.7% against 5.2% (-0.5 pts).
RadNet, Q3 2026: revenue $638M (+22% year over year), operating margin 4.7%, net earnings $4.2M, operating cash flow $90.6M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 4.7% | 5.2% | -0.5 pts |
| Net margin | 0.7% | 1.0% | -0.4 pts |
| Free cash flow margin | 5.5% | -1.5% | +7.0 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Commercial insurance | $343M | $288M | $55.6M | +19% |
| Medicare | $158M | $123M | $34.9M | +28% |
| Other payors | $37.6M | $30.0M | $7.6M | +25% |
| Other revenue | $32.4M | $18.6M | $13.8M | +74% |
| Medicaid | $14.8M | $13.5M | $1.3M | +10% |
| Workers' compensation/personal injury | $13.2M | $11.3M | $1.9M | +17% |
| Management fee revenue | $7.6M | $7.0M | $530K | +8% |
| Health Care, Patient Service | $607M | $491M | $116M | +24% |
| Revenue under capitation arrangements | $31.2M | $31.4M | −$201K | -0.6% |
| Revenue | $638M | $523M | $115M | +22% |
| Operating profit | $30.3M | $27.4M | $2.9M | +10% |
| Costs & expenses | $608M | $495M | $113M | +23% |
| Pre-tax earnings | $27.5M | $20.3M | $7.2M | +36% |
| Other expense, net | $2.7M | $7.1M | −$4.4M | -61% |
| Net earnings | $4.2M | $5.4M | −$1.3M | -23% |
| Minority interests | $15.0M | $8.5M | $6.5M | +77% |
| Income tax | $8.4M | $6.4M | $2.0M | +31% |
| Depreciation & amortization | $47.0M | $39.8M | $7.2M | +18% |
| Share-based compensation | $10.0M | $9.0M | $977K | +11% |
| Working capital & other | $29.4M | −$1.4M | $30.8M | — |
| Operating cash flow | $90.6M | $52.8M | $37.7M | +71% |
| Free cash flow (OCF − capex) | $35.1M | −$7.6M | $42.7M | — |
| Capital expenditures | $55.5M | $60.4M | −$4.9M | -8% |
Questions
How much did RadNet's revenue grow year over year in Q3 2026?
RadNet's revenue rose $115M (+22%) from $523M in Q3 2025 to $638M in Q3 2026.
What drove RadNet's revenue change in Q3 2026?
Health Care, Patient Service +$116M (+24%); Revenue under capitation arrangements −$201K (-0.6%).