RadNet Reports Third Quarter Financial Results with Record Quarterly Revenue and Adjusted EBITDA(1) and Revises Upwards 2026 Financial Guidance Ranges
RadNet reported record Q3 2026 revenue of $638.3 million, up 22.1% year-over-year, and record Adjusted EBITDA of $105.0 million, up 23.8%, with margin expansion to 16.5%. Adjusted diluted EPS was $0.30 versus $0.24 a year ago, and aggregate advanced imaging volumes grew 19.9% with same-center volumes up 8.9%; Digital Health revenue rose 32.6% to $32.9 million though its EBITDA declined 11.8%. Management raised 2026 guidance for a third time this year, lifting Imaging Center revenue to $2,385-$2,435 million, Adjusted EBITDA to $350-$363 million and Free Cash Flow to $120-$130 million.
Key figures
- Eps
- 0.3
- Revenue
- 638300000
- Guidance
- Imaging Center segment FY26: Revenue $2,385-$2,435M, Adjusted EBITDA $350-$363M, Free Cash Flow $120-$130M; Digital Health Adjusted EBITDA before non-capitalized R&D raised to $11-$13M
- Revenue Yoy
- 22.1%
- Cash
- 750600000
- Adjusted ebitda
- 105000000
- Gaap diluted eps
- 0.05
- Adjusted ebitda yoy
- 23.8%
- Adjusted ebitda margin
- 16.5%
- Digital health revenue
- 32900000
- Net income attributable
- 4200000
- Digital health ebitda yoy
- -11.8%
- Digital health revenue yoy
- 32.6%
- Net debt to adjusted ebitda
- 1.66x
- Aggregate advanced imaging volume yoy
- 19.9%
- Same center advanced imaging volume yoy
- 8.9%
AI analysis
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