RadNet, Inc.'s third quarter 2025 performance demonstrated record-breaking revenue and adjusted EBITDA, driven by significant growth in advanced imaging and digital health segments. The company successfully improved reimbursement rates and maintained strong financial liquidity. However, challenges remain in the labor market and the slow adoption of certain programs by commercial payers. Despite these lowlights, the overall sentiment is positive, reflecting robust financial performance and strategic growth initiatives.

Company Guidance

During the RadNet, Inc. third quarter 2025 financial results conference call, the company reported record quarterly revenue and adjusted EBITDA, which exceeded internal expectations. Revenue increased by 13.4%, while adjusted EBITDA rose by 15.2% compared to the same period last year, with a 26 basis point improvement in adjusted EBITDA margins. Advanced imaging was a significant driver, with a 13% aggregate increase and a 9.9% increase on a same-center basis. The company highlighted improvements in reimbursement rates, with notable increases from commercial and capitated payers. Additionally, digital health revenue surged by 51.6%, partly due to the acquisition of iCAD, and AI-related revenue within digital health grew by 112%. As a result of the strong performance, RadNet, Inc. increased its full-year 2025 guidance for revenue and adjusted EBITDA, reflecting continued positive industry trends and successful strategic initiatives.

Record-Breaking Revenue and Adjusted EBITDA

Revenue increased 13.4% and adjusted EBITDA increased 15.2% relative to last year's third quarter, with a 26 basis point improvement in adjusted EBITDA margins.

Advanced Imaging Growth

Advanced imaging increased 13% on an aggregate basis and 9.9% on a same-center basis compared to last year's third quarter.

Digital Health Expansion

Digital health revenue increased 51.6% from last year's third quarter, with AI revenue growing 112%. The acquisition of iCAD contributed to this growth.

Reimbursement Rate Improvements

Successful in receiving rate increases from many commercial and capitated payers, with some capitated contracts converted to higher-paying fee-for-service relationships.

Strong Financial Liquidity

Cash balance was $804.7 million with a net debt to adjusted EBITDA ratio of approximately 1.0.

PET CT Volume Surge

PET CT volume increased 21.1% from last year's third quarter, driven by prostate imaging and amyloid brain studies for Alzheimer's.

Radnet (RDNT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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RDNT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 03, 2026	2025 (Q4)	0.22 / -	0.07	―	―	―
Nov 09, 2025	2025 (Q3)	0.22 / 0.20	0.04	400.00% (+0.16)	―
Aug 10, 2025	2025 (Q2)	0.16 / 0.31	-0.04	875.00% (+0.35)	―
May 11, 2025	2025 (Q1)	-0.14 / -0.50	-0.04	-1150.00% (-0.46)	―
Feb 27, 2025	2024 (Q4)	0.20 / 0.07	-0.03	333.33% (+0.10)	―
Nov 10, 2024	2024 (Q3)	0.14 / 0.04	0.25	-84.00% (-0.21)	―
Aug 07, 2024	2024 (Q2)	0.15 / -0.04	0.12	-133.33% (-0.16)	―
May 08, 2024	2024 (Q1)	0.04 / -0.04	-0.36	88.89% (+0.32)	―
Feb 29, 2024	2023 (Q4)	0.14 / -0.03	-0.02	-50.00% (>-0.01)	―
Nov 08, 2023	2023 (Q3)	0.07 / 0.25	0.01	2400.00% (+0.24)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RDNT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 27, 2025	$57.60	$55.47	-3.70%
Aug 07, 2024	$56.89	$61.67	+8.40%
May 08, 2024	$50.63	$53.57	+5.81%
Feb 29, 2024	$37.86	$44.35	+17.14%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Radnet Inc (RDNT) report earnings?

Radnet Inc (RDNT) is schdueled to report earning on Mar 03, 2026, TBA (Confirmed).

What is Radnet Inc (RDNT) earnings time?

Radnet Inc (RDNT) earnings time is at Mar 03, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is RDNT EPS forecast?

RDNT EPS forecast for the fiscal quarter 2025 (Q4) is 0.22.

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