Imaging services provider RadNet reported a 22.1% increase in total revenue and a reduced net loss in its first quarter of 2026.
For the period (end-March 31), RadNet produced total revenue of $575.6 million, up from $471.4 million a year ago. Revenue from the company's Digital Health segment increased 51.5% to $29.1 million from $19.2 million in the first quarter of 2025. Aggregate advanced imaging (MRI, CT, and PET/CT) procedural volumes increased 19.7% year-over-year, while same-center advanced imaging volumes rose 8.2%, the company said.
Total company adjusted EBITDA rose 36.3% to $63.3 million from $46.4 million in the prior year's first quarter, RadNet said. Net loss for the quarter was $33.5 million, down from $37.9 million in the same period last year. The company noted that severe winter weather in the Northeast reduced revenue and adjusted EBITDA by an estimated $13 million in January and $9 million in February.
RadNet revised its full-year 2026 imaging center guidance upward, increasing projected revenue to a range of $2.355 billion to $2.405 billion from a prior range of $2.325 billion to $2.375 billion. The company raised its free cash flow outlook to $112 million to $122 million from $105 million to $115 million.
