RadNet posts record third-quarter revenue and raises its 2026 guidance
RadNet's quarterly revenue rose 22.1% to $638.3 million and adjusted EBITDA grew 23.8%. The company raised its 2026 outlook, according to GlobeNewswire.
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what happened
Outpatient imaging provider RadNet reported record quarterly results for the third quarter of 2026. Total company revenue reached $638.3 million, up 22.1% from a year earlier, while adjusted EBITDA rose 23.8% to $105.0 million. The company credited higher capacity utilization at existing centers, new center openings, a shift toward advanced imaging and tuck-in acquisitions.
Net income, adjusted for one-time items, came to $4.2 million versus $5.4 million a year earlier, and fully diluted earnings per share fell to $0.05 from $0.07. RadNet raised its 2026 imaging center ranges for revenue, adjusted EBITDA and free cash flow, and said it expects full-year results to beat both its original plan and its earlier revised ranges. The company also pointed to the pending acquisition of ONRAD as a driver of future growth.
why it matters
The company reported $750.6 million in cash at quarter end and a net debt to adjusted EBITDA ratio of 1.66x, which gives it room to keep investing. The raised guidance signals steady demand for diagnostic imaging, though higher costs for digital health development and amortization weighed on net income.
market impact
RadNet shares: raised guidance and EBITDA growth support interest in the stock
- RadNet shares pressure up — higher capacity use and a raised 2026 outlook support earnings expectations
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