v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUE        
Total service revenue $ 622,720 $ 498,230 $ 1,198,351 $ 969,629
OPERATING EXPENSES        
Cost of operations, excluding depreciation and amortization 534,640 429,085 1,085,152 882,565
Lease abandonment charges 1,306 123 1,306 5,511
Depreciation and amortization 45,529 35,993 90,496 71,476
Loss on sale and disposal of equipment and other 1,117 1,724 3,708 2,126
Severance costs 660 426 2,124 1,173
Total operating expenses 583,252 467,351 1,182,786 962,851
INCOME FROM OPERATIONS 39,468 30,879 15,565 6,778
OTHER INCOME AND EXPENSES        
Interest expense 18,153 17,189 35,810 34,428
Equity in earnings of joint ventures (4,710) (4,356) (8,535) (6,955)
Non-cash change in fair value of interest rate swap 0 1,956 0 4,062
Debt restructuring and extinguishment expenses 3,368 0 3,368 0
Other income, net (3,960) (7,764) (8,867) (15,476)
Total other expenses 12,851 7,025 21,776 16,059
INCOME (LOSS) BEFORE INCOME TAXES 26,617 23,854 (6,211) (9,281)
(Provision for) benefit from income taxes (6,363) (820) 1,733 2,578
NET INCOME (LOSS) 20,254 23,034 (4,478) (6,703)
Net income attributable to noncontrolling interest 12,724 8,580 21,458 16,769
NET INCOME (LOSS) ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 7,530 $ 14,454 $ (25,936) $ (23,472)
BASIC NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.10 $ 0.19 $ (0.33) $ (0.32)
DILUTED NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.10 $ 0.19 $ (0.33) $ (0.32)
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 77,788,452 74,352,498 77,425,061 74,070,438
Diluted (in shares) 78,731,021 75,531,743 77,425,061 74,070,438
Service fee revenue        
REVENUE        
Total service revenue $ 592,589 $ 468,063 $ 1,137,807 $ 907,412
Revenue under capitation arrangements        
REVENUE        
Total service revenue $ 30,131 $ 30,167 $ 60,544 $ 62,217