RadNet, Inc. (RDNT) Earnings Call Transcripts
RadNet, Inc.'s Latest Earnings Call - Q1 FY2026
In the first quarter of fiscal year 2026, RadNet, Inc. reported record revenue of $135 million, representing a 22.1% increase year-over-year, and adjusted EBITDA of $37 million, up 36.3%. Despite adverse weather conditions impacting approximately $13 million in revenue and $9 million in adjusted EBITDA, the company exceeded internal projections and raised its full-year guidance for revenue, adjusted EBITDA, and free cash flow. Management expressed confidence in sustained growth driven by advanced imaging and successful acquisitions.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $135M (beat) |
| Adjusted EBITDA | $37M (beat) |
| Adjusted EBITDA Margin | 27.4% (positive) |
| Cash Balance | $455M (positive) |
| Net Debt to Adjusted EBITDA Ratio | 2.0x (negative) |
| Days Sales Outstanding (DSO) | 29.5 days (positive) |
Guidance from management
Management raised full-year guidance for imaging center revenue by $30 million, adjusted EBITDA by $5 million, and free cash flow by $7 million, reflecting confidence in ongoing growth.
What management said
Yes. Most of it is from same-center performance. As I mentioned on the earlier question, about a couple of million dollars of came from the recent acquisitions in the first quarter.
Yes. The majority of our EBITDA growth, the vast majority, about 2/3 of it is coming from same center performance as well as de novo performance, which I also include as organic growth and about 1/3 -- slightly less than 1/3 is coming from the contribution of acquisitions.
What analysts pressed on
Analysts expressed concerns regarding the sustainability of routine imaging volumes, which appeared flat compared to strong advanced imaging growth. There were also questions about the integration and revenue ramp from recent acquisitions.
Main topics on the call
- Record Revenue and EBITDA — RadNet achieved record revenue of $135 million and adjusted EBITDA of $37 million in Q1 2026, reflecting a 22.1% and 36.3% increase year-over-year, respectively. Management noted, "Despite being impacted by severe winter...
- Guidance Raised — Management raised the full-year guidance for imaging center revenue by $30 million, adjusted EBITDA by $5 million, and free cash flow by $7 million. This was attributed to strong performance in March and April, indicatin...
- Advanced Imaging Growth — Advanced imaging procedures accounted for 29.3% of total procedural volume, up from 26.9% year-over-year. Management highlighted that "the continued growth of advanced imaging has certainly driven the better-than-anticip...
- Acquisitions Impact — RadNet completed significant acquisitions, including Radiology Regional and Northwest Radiology, which are expected to enhance revenue streams. However, their contribution to Q1 results was modest, adding approximately $...
Read the full RadNet, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About RadNet, Inc.
RadNet, Inc. (RDNT) is a publicly listed company in the Health Care Providers and Services industry, within the Health Care sector. It trades on NasdaqGM and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 47 calls on record spanning March 12, 2020 to August 10, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 47 RadNet, Inc. earnings call transcripts on record, spanning March 12, 2020 to August 10, 2026. Based on this history, RadNet, Inc. reports quarterly. The most recent call on file is dated August 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- RDNT
- Exchange
- NasdaqGM
- Country
- US
- Sector
- Health Care
- Calls on record
- 47
- First call
- March 12, 2020
- Most recent
- August 10, 2026
- Reporting cadence
- quarterly