Filing Flows › RadNet (RDNT) › How it makes money
How RadNet (RDNT) makes money
RadNet (RDNT) made $623M of revenue in the second quarter 2026 (Q2 2026), +25% from a year earlier. Health Care, Patient Service brought in $595M (96%); Medicaid brought in $14.5M (2%); Workers' compensation/personal injury brought in $13.5M (2%). Of every dollar of revenue, 6¢ was left as operating profit, 1¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Health Care, Patient Service | $595M | 95.5% | +8% | +25% |
| ↳ Commercial insurance | $339M | 54.5% | +7% | +22% |
| ↳ Medicare | $151M | 24.2% | +10% | +30% |
| ↳ Other payors | $36.8M | 5.9% | +10% | +25% |
| ↳ Revenue under capitation arrangements | $30.1M | 4.8% | -0.9% | -0.1% |
| ↳ Other revenue | $29.7M | 4.8% | +20% | +120% |
| ↳ Management fee revenue | $7.9M | 1.3% | +5% | +17% |
| Medicaid | $14.5M | 2.3% | +3% | +15% |
| Workers' compensation/personal injury | $13.5M | 2.2% | +10% | +27% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $623M | 100.0% |
| Operating profit | $39.5M | 6.3% |
| Income tax | $6.4M | 1.0% |
| Net earnings | $7.5M | 1.2% |
| Operating cash flow | $94.1M | 15.1% |
| Free cash flow | $37.8M | 6.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $623M | +25% |
| Q1 2026 | $576M | +22% |
| Q4 2025 | $548M | +15% |
| Q3 2025 | $523M | +13% |
| Q2 2025 | $498M | +8% |
| Q1 2025 | $471M | +9% |
| Q4 2024 | $477M | +14% |
From RadNet's 10-Q filed Aug 10, 2026 (on EDGAR).
Questions
How does RadNet make money?
RadNet (RDNT) made $623M of revenue in the second quarter 2026 (Q2 2026), +25% from a year earlier. Health Care, Patient Service brought in $595M (96%); Medicaid brought in $14.5M (2%); Workers' compensation/personal injury brought in $13.5M (2%). Of every dollar of revenue, 6¢ was left as operating profit, 1¢ was left as net earnings.
What is RadNet's biggest business?
Health Care, Patient Service: $595M in the second quarter 2026, 96% of revenue, +25% from a year earlier.
What is RadNet's profit margin?
Net earnings were $7.5M, 1.2% of revenue, in the second quarter 2026; the operating margin was 6.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.