RadNet reported a 13.4% increase in total company revenue to $522.9 million in Q3 2025 compared to Q3 2024. Adjusted EBITDA also rose by 15.2% to $84.9 million. Digital Health segment revenue increased by 51.6% to $24.8 million. Adjusted EBITDA margins improved to 16.2%. Adjusted Diluted Earnings Per Share was $0.20, up from $0.18 in Q3 2024. Advanced imaging procedural volumes saw a 13.0% increase, with MRI volume up by 14.8%. RadNet revised its full-year 2025 guidance levels, increasing Imaging Center Revenue and Adjusted EBITDA ranges, as well as Digital Health Revenue ranges.

The company had a cash balance of $804.7 million as of September 30, 2025, with a Net Debt to Adjusted EBITDA ratio of approximately 1.0x. RadNet’s balance sheet remains strong, providing financial flexibility for organic growth and strategic acquisitions. The positive financial performance in Q3 led to upward revisions of guidance levels for both the Imaging Center and Digital Health segments. RadNet’s strong growth and record results were driven by capacity creation, new center openings, and increased reimbursement from payors. Adjusted EBITDA for the Imaging Center segment was $81.4 million, while the Digital Health segment saw $3.5 million in Adjusted EBITDA. Adjusted Earnings Per Share for Q3 2025 was $0.20, compared to $0.18 in Q3 2024.

RadNet’s total company revenue for the first nine months of 2025 was $1,492.5 million, with Adjusted EBITDA of $212.5 million. This represents a 10.3% increase in revenue and a 3.9% increase in Adjusted EBITDA compared to the first nine months of 2024. The Digital Health segment also saw growth, with revenue increasing by 38.2% to $64.8 million and Adjusted EBITDA up by 5.5% to $10.6 million. Adjusted Earnings Per Share was $(0.24) for the first nine months of 2025, compared to $(0.04) in the same period of 2024.

Read more at GlobeNewswire: RadNet Reports Third Quarter Financial Results with Record