RadNet (RDNT) revenue breakdown
By segment, Imaging Centers is the largest at 97% of fiscal 2025 revenue, growing 11% a year over 4 years.
By product, Commercial insurance is the largest at 55% of fiscal 2025 revenue; Other payors grew fastest, 22% a year over 3 years.
Revenue by segment
Fiscal years, as RadNet reports them in its 10-K filings; fiscal 2025 total $2.0B.
| Segments | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|
| Imaging Centers | $1.3B | $1.4B | $1.6B | $1.8B | $2.0B | 97% |
| Digital Health | — | $17M | $26M | $37M | $52M | 3% |
| AI | $1M | — | — | — | — | — |
Revenue by product
Fiscal years, as RadNet reports them in its 10-K filings; fiscal 2025 total $2.0B.
| Products | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| Commercial insurance | — | — | — | $584M | $743M | $770M | $880M | $1.0B | $1.1B | 55% |
| Medicare | — | — | — | $218M | $281M | $305M | $357M | $410M | $477M | 23% |
| Revenue under capitation arrangements | $112M | $106M | $126M | $140M | $148M | $152M | $153M | $137M | $126M | 6% |
| Other payors | — | — | — | — | — | $66M | $88M | $105M | $119M | 6% |
| Other revenue | — | — | — | $23M | $12M | $27M | $33M | $47M | $65M | 3% |
| Medicaid | — | — | — | $26M | $35M | $38M | $42M | $45M | $52M | 3% |
| Workers' compensation/personal injury | — | — | — | $33M | $44M | $50M | $46M | $44M | $45M | 2% |
| Management fee revenue | — | — | — | $11M | $20M | $22M | $18M | $25M | $28M | 1% |
| Service fee revenue | — | $869M | $1.0B | — | — | — | — | — | — | — |
| Commercial insurance | $534M | — | — | — | — | — | — | — | — | — |
| Medicare | $180M | — | — | — | — | — | — | — | — | — |
| Other patient revenue | $30M | — | — | — | — | — | — | — | — | — |
| Medicaid | $24M | — | — | — | — | — | — | — | — | — |
| Other patient revenue | — | — | — | $25M | $19M | — | — | — | — | — |
| Imaging On Call | $18M | — | — | — | — | — | — | — | — | — |
| Management fee revenue | $13M | — | — | — | — | — | — | — | — | — |
| Investment Advisory, Management and Administrative Service | $13M | — | — | — | — | — | — | — | — | — |
| Software and Teleradiology | — | — | — | $11M | $11M | — | — | — | — | — |
| AI | — | — | — | — | $1M | — | — | — | — | — |
Revenue by region
Fiscal years, as RadNet reports them in its 10-K filings; fiscal 2025 total $2.0B.
| Regions | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|
| United States | $1.4B | $1.6B | $1.8B | $2.0B | 98% |
| Other countries | $2M | $17M | $27M | $34M | 2% |
| United Kingdom | $4M | — | — | — | — |
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Where does RadNet make its money?
In fiscal 2025, by segment: Imaging Centers $2.0B, Digital Health $52M.
From RadNet's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.