Filing Flows › RadNet (RDNT) › Q4 2025
RadNet (RDNT) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 2, 2026
RadNet (RDNT) reported revenue of $548M for the fourth quarter 2025 (Q4 2025), +15% from a year earlier and +5% from the quarter before. Operating margin was 5.1%, net earnings $9.9M (1.8% of revenue).
RadNet, Q4 2025: revenue $548M (+15% year over year), operating margin 5.1%, net earnings $9.9M, operating cash flow $84.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $548M | +5% | +15% |
| Operating profit | $27.8M | +2% | +13% |
| Net earnings | $9.9M | -29% | -31% |
| Operating cash flow | $84.2M | +59% | +98% |
| Free cash flow | $33.1M | — | — |
What changed
Revenue was $547.7M in Q4 2025, up 15% year over year and up 5% from the previous quarter. Commercial insurance was the largest line at 55% of revenue.
Operating profit was $27.8M, a 5.1% margin (down 0.1 points year over year). Of the extra revenue versus Q4 2024, 5% reached operating profit, below the 5% margin then. Total costs grew 15% against revenue growth of 15%. Net earnings were −$597K. The effective tax rate was 52.9%.
Operating cash flow was $84.2M (up 98% year over year), 854% of net income including minority interests. Non-cash charges added back $40.9M of depreciation and amortization and $8.3M of share-based compensation. Working capital and other items added $25.1M. Capital expenditures of $51.0M left free cash flow of $33.1M.
Questions
What was RadNet's revenue in the fourth quarter 2025?
RadNet (RDNT) reported revenue of $548M for the fourth quarter 2025 (Q4 2025), +15% from a year earlier and +5% from the quarter before.
Was RadNet profitable in the fourth quarter 2025?
Operating profit was $27.8M (5.1% of revenue) and net earnings $9.9M.
Source: RadNet 10-K on SEC EDGAR.