Filing Flows › RadNet (RDNT) › Q4 2024
RadNet (RDNT) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 3, 2025
RadNet (RDNT) reported revenue of $477M for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and +3% from the quarter before. Operating margin was 5.1%, net earnings $5.3M (1.1% of revenue).
RadNet, Q4 2024: revenue $477M (+14% year over year), operating margin 5.1%, net earnings $5.3M, operating cash flow $42.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $477M | +3% | +13% |
| Operating profit | $24.5M | -28% | +0.8% |
| Net earnings | $5.3M | +67% | — |
| Operating cash flow | $42.5M | -26% | -52% |
What changed
Revenue was $477.1M in Q4 2024, up 13% year over year and up 3% from the previous quarter. Service fee revenue was the largest line at 93% of revenue.
Operating profit was $24.5M, a 5.1% margin (down 0.6 points year over year). Of the extra revenue versus a year earlier, 0% reached operating profit, below the 6% margin then. Total costs grew 14% against revenue growth of 13%. Net earnings were $5.3M. The effective tax rate was 7.2%.
Operating cash flow was $42.5M (down 52% year over year), 299% of net income including minority interests. Non-cash charges added back $36.0M of depreciation and amortization and $8.5M of share-based compensation. Working capital and other items used $16.2M. Capital expenditures of $42.9M exceeded it, leaving free cash flow of −$377K.
Questions
What was RadNet's revenue in the fourth quarter 2024?
RadNet (RDNT) reported revenue of $477M for the fourth quarter 2024 (Q4 2024), +13% from a year earlier and +3% from the quarter before.
Was RadNet profitable in the fourth quarter 2024?
Operating profit was $24.5M (5.1% of revenue) and net earnings $5.3M.
Source: RadNet 10-K on SEC EDGAR.