Highlights

  • Total service revenue for the quarter ended June 30, 2026 was $622,720 thousand, against $498,230 thousand a year earlier.
  • Imaging Center same center revenue increased 11.1%, while Digital Health reported a segment loss of $5,981 thousand.
  • Net income attributable to common stockholders was $7,530 thousand, and the six month net loss attributable was $25,936 thousand.
  • RadNet entered a $250.0 million incremental term loan on June 10, 2026 and held $726,272 thousand of cash at June 30, 2026.

RadNet, Inc. (NASDAQ: RDNT) shares were trading at USD 73.43 on October 27, 2026, up 4.83%, with a relative volume at time of 7.67. The diagnostic imaging and digital health company acquired Gleamer SAS in the first quarter of 2026, entered a $250.0 million incremental term loan on June 10, and filed its 10-Q for the quarter ended June 30, 2026 on August 10, 2026.

RadNet is a Delaware corporation with principal executive offices at 1510 Cotner Avenue in Los Angeles, California. It reports two segments, Imaging Centers and Digital Health. As of June 30, 2026, it operated 442 centers, directly or through joint ventures with hospital and health system partners, in eleven states. Its Digital Health segment, branded DeepHealth, provides AI-powered health informatics to RadNet and to 2,983 customers. The fiscal year ends December 31. The filing does not state a headcount.

Second Quarter 2026 Results

For the three months ended June 30, 2026, total service revenue was $622,720 thousand, against $498,230 thousand a year earlier. Imaging Center revenue was $601,819 thousand and Digital Health revenue was $32,427 thousand, before intersegment eliminations of $11,526 thousand. Income from operations was $39,468 thousand, compared with $30,879 thousand in the second quarter of 2025.

Net income was $20,254 thousand, of which $12,724 thousand was attributable to noncontrolling interests. Net income attributable to RadNet common stockholders was $7,530 thousand, or $0.10 per diluted share, compared with $14,454 thousand, or $0.19 per diluted share, in the prior year quarter. Interest expense was $18,153 thousand, and debt restructuring and extinguishment expenses were $3,368 thousand.

Segment profit for Imaging Center was $92,755 thousand. The Digital Health segment reported a segment loss of $5,981 thousand, against a loss of $4,034 thousand in the second quarter of 2025. RadNet said Imaging Center same center revenue increased 11.1% to $539,056 thousand, citing higher fees per imaging procedure and increased procedure volumes.

For the six months ended June 30, 2026, the net loss attributable to common stockholders was $25,936 thousand, or $0.33 per diluted share, against $23,472 thousand, or $0.32 per diluted share, a year earlier.

Balance Sheet, Cash Flow and Debt

Cash and cash equivalents were $726,272 thousand at June 30, 2026, against $767,215 thousand at December 31, 2025. For the six months, cash provided by operating activities was $173,071 thousand and cash used in investing activities was $434,527 thousand, including $315,707 thousand for acquisitions, net of cash acquired.

On June 10, 2026, RadNet entered Incremental Amendment No. 3 to its Barclays credit agreement. A $250.0 million incremental term loan was added to an existing term loan of approximately $958.7 million, and the applicable interest rate was reduced by 0.25%. Nothing was outstanding under the $282.0 million revolving credit facility at June 30, 2026.

Acquisitions and Developments

During the six months ended June 30, 2026, RadNet completed acquisitions of assets of radiology entities for aggregate consideration of $86.0 million, covering 13 imaging centers in Florida, 6 in Indiana and 5 in Idaho. It also acquired Gleamer SAS, a radiology AI company. RadNet said it expects to complete the integration of Gleamer in the third quarter of 2026 and to roll its products out across most RadNet centers by the end of 2026.

On August 1, 2026, RadNet and University of Maryland Medical System Corporation affiliates formed Maryland Imaging Partners, LLC, which reorganized six existing joint ventures. RadNet owns an 80% interest and UMMS owns a 20% interest.

Outlook

The 10-Q does not provide numeric financial guidance for future periods. RadNet said it expects its existing capital resources, anticipated cash from operations and borrowing capacity to be sufficient to sustain operations for the next twelve months and the foreseeable future.