RadNet, Inc. reported significant financial performance improvements in its latest quarterly filing, with total service revenue reaching $622.7 million for the three months ended June 30, 2026, a 25% increase from $498.2 million in the same period last year. For the six months ended June 30, 2026, revenue rose to $1.2 billion, up 23.6% from $969.6 million in 2025. The company achieved a net income of $7.5 million for the second quarter, compared to $14.5 million in the prior year, while the net loss attributable to common stockholders for the first half of 2026 was $25.9 million, slightly worse than the $23.5 million loss reported in 2025.
The increase in revenue was driven by a combination of higher procedural volumes and improved reimbursement rates, particularly in the Imaging Centers segment, which generated $601.8 million in revenue for the second quarter, up 23.5% year-over-year. The Digital Health segment also saw substantial growth, with revenues increasing 56.5% to $32.4 million in the second quarter, attributed to strong demand for AI-driven solutions and the integration of recent acquisitions, including Gleamer SAS and iCAD, Inc.
RadNet's operational metrics reflected a growing customer base, with 442 imaging centers in operation as of June 30, 2026, compared to 405 centers a year earlier. The company also reported a significant increase in procedural volumes, with systemwide volumes rising 11.6% to over 3.2 million procedures in the second quarter. The Digital Health segment's customer count expanded to 2,983, up from 463 in the previous year, indicating strong adoption of its AI solutions.
The company has been active in strategic acquisitions, completing several transactions aimed at enhancing its market presence and technological capabilities. Notably, RadNet acquired assets from multiple radiology practices for a total consideration of approximately $86 million during the first half of 2026. These acquisitions are expected to strengthen RadNet's footprint in key markets such as Idaho, Indiana, and Florida, while also enhancing its digital health offerings.
Looking ahead, RadNet anticipates continued growth driven by its multi-modality imaging strategy and the integration of advanced technologies. The company expects to leverage its recent acquisitions to enhance operational efficiencies and expand its service offerings, although it acknowledges that the Digital Health segment may continue to operate at a loss in the near term as it integrates new technologies and scales its operations.
About RadNet, Inc.
RadNet, Inc. is a leading provider of diagnostic imaging services in the U.S., operating hundreds of outpatient centers offering MRI, CT, PET, nuclear medicine, ultrasound, mammography, X-ray, and fluoroscopy. The company serves healthcare providers, payors, and patients, leveraging multi-modality imaging, advanced technology, and AI solutions. Its business model focuses on organic growth, acquisitions, regional networks, and strong physician relationships to deliver high-quality, cost-effective diagnostic imaging.
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