v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUE    
Total service revenue $ 575,631 $ 471,399
OPERATING EXPENSES    
Cost of operations, excluding depreciation and amortization 550,512 453,480
Lease abandonment charges 0 5,388
Depreciation and amortization 44,967 35,483
Loss on sale and disposal of equipment and other 2,591 402
Severance costs 1,464 747
Total operating expenses 599,534 495,500
LOSS FROM OPERATIONS (23,903) (24,101)
OTHER INCOME AND EXPENSES    
Interest expense 17,657 17,239
Equity in earnings of joint ventures (3,825) (2,599)
Non-cash change in fair value of interest rate swap 0 2,106
Other income (4,907) (7,712)
Total other expenses 8,925 9,034
LOSS BEFORE INCOME TAXES (32,828) (33,135)
Benefit from income taxes 8,096 3,398
NET LOSS (24,732) (29,737)
Net income attributable to noncontrolling interest 8,734 8,189
NET LOSS ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ (33,466) $ (37,926)
BASIC NET LOSS PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ (0.43) $ (0.51)
DILUTED NET LOSS PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ (0.43) $ (0.51)
WEIGHTED AVERAGE SHARES OUTSTANDING    
Basic (in shares) 77,057,835 74,382,356
Diluted (in shares) 77,057,835 74,382,356
Service fee revenue    
REVENUE    
Total service revenue $ 545,218 $ 439,349
Revenue under capitation arrangements    
REVENUE    
Total service revenue $ 30,413 $ 32,050