RadNet Q1 revenue rises 22% on advanced imaging volumes

RadNet

11/05/2026 24:52

Overview

US diagnostic imaging provider's Q1 revenue rose 22% yr/yr, driven by advanced imaging growth

Adjusted diluted loss per share for Q1 missed analyst expectations, but narrowed from prior year

Company raised full-year 2026 Imaging Center revenue, adjusted EBITDA and free cash flow guidance

Outlook

RadNet raises 2026 Imaging Center revenue guidance to $2.355-$2.405 bln from $2.325-$2.375 bln

Company lifts 2026 Imaging Center adj EBITDA forecast to $340-$353 mln from $335-$348 mln

RadNet reaffirms 2026 Digital Health segment guidance ranges

Result Drivers

ADVANCED IMAGING GROWTH - Co said 19.7% increase in aggregate advanced imaging volumes, including MRI, CT and PET/CT, drove revenue gains

DIGITAL HEALTH EXPANSION - Digital Health segment revenue rose 51.5%, with annual recurring revenue nearly doubling, though profitability was impacted by infrastructure investments

WEATHER IMPACT AND RECOVERY - Severe winter weather reduced revenue and adjusted EBITDA early in Q1, but business rebounded in March

Company press release: ID:nGNXBlwrl

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$30.41 mln
Q1 Adjusted EPS
Miss
-$0.28
-$0.19 (6 Analysts)
Q1 EPS
-$0.43
Q1 Net Income
-$24.73 mln
Q1 Income from operations
-$23.90 mln
Q1 Operating Expenses
$599.53 mln
Q1 Pretax Profit
-$32.83 mln
Q1 Total Service Revenue
$575.63 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the healthcare facilities & services peer group is "buy"

Wall Street's median 12-month price target for RadNet Inc is $91.50, about 57.2% above its May 8 closing price of $58.19

The stock recently traded at 77 times the next 12-month earnings vs. a P/E of 90 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)