RadNet Reports Record First Quarter Financial Results and Revises Upwards 2026 Imaging Center Financial Guidance Ranges for Revenue, Adjusted EBITDA and Free Cash Flow

• Whole Firm Income elevated 22.1% to $575.6 million within the first quarter of 2026 from $471.4 million within the first quarter of 2025
• Income from the Digital Well being reportable phase elevated 51.5% to $29.1 million within the first quarter of 2026 from $19.2 million within the first quarter of 2025; Annual Recurring Income⁽⁴⁾ (ARR) elevated from $49.8 million at March 31, 2025 to $96.9 million at March 31, 2026
• Whole Firm Adjusted EBITDA⁽¹⁾ was $63.3 million within the first quarter of 2026 as in contrast with $46.4 million within the first quarter of 2025, a rise of 36.3%; Digital Well being reportable phase Adjusted EBITDA⁽¹⁾ decreased to $1.3 million within the first quarter of 2026 from $3.7 million within the first quarter of 2025 ensuing from continued intentional infrastructure investments to drive and help a rising gross sales pipeline
• Within the first quarter of 2026, combination superior imaging (MRI, CT and PET/CT) procedural volumes elevated 19.7% and same-center superior imaging procedural volumes elevated 8.2% as in contrast with the primary quarter of 2025
• Adjusting for uncommon or one-time gadgets within the quarter, Adjusted Diluted Loss Per Share⁽³⁾ was $(0.28) for the primary quarter of 2026; This compares with Adjusted Diluted Loss Per Share⁽³⁾ of $(0.34) for the primary quarter of 2025  
• RadNet revises full-year 2026 Imaging Center steerage ranges with will increase to Income, Adjusted EBITDA⁽¹⁾ and Free Cash Flow⁽²⁾ and reaffirms all Digital Well being steerage ranges

LOS ANGELES, Could 10, 2026 (GLOBE NEWSWIRE) — RadNet, Inc. (NASDAQ: RDNT), a nationwide chief in offering high-quality, cost-effective, fixed-site outpatient diagnostic imaging companies via a community of 435 outpatient imaging facilities and a premier developer of radiology digital well being options, immediately reported monetary outcomes for its first quarter of 2026.

Dr. Howard Berger, President and Chief Government Officer of RadNet, commented, “After being impacted by extreme winter climate circumstances within the Northeast throughout January and February which decreased Income and Adjusted EBITDA⁽¹⁾ by an estimated $13 million and $9 million, respectively, our enterprise strongly rebounded in March, leading to a Whole Firm Income improve of twenty-two.1% and a Whole Firm Adjusted EBITDA⁽¹⁾ improve of 36.3% from final 12 months’s first quarter. The document first quarter efficiency was pushed by combination superior imaging (MRI, CT and PET/CT) development of 19.7% and same-center superior imaging development of 8.2% as in contrast with the primary quarter of final 12 months. The expansion in MR, CT and PET/CT contributed to a 235 foundation level shift in RadNet’s superior imaging procedural quantity combine (relative to routine imaging) as in contrast with the identical quarter final 12 months, rising from 26.9% in final 12 months’s first quarter to 29.3% within the first quarter of 2026. Imaging Center Adjusted EBITDA⁽¹⁾ margin elevated by 52 foundation factors, after adjusting for misplaced Income and Adjusted EBITDA⁽¹⁾ from the extreme winter climate on this 12 months’s first quarter and the extreme winter climate and California wildfires in final 12 months’s first quarter.”

Dr. Berger continued, “On April thirtieth, we introduced the graduation of a brand new well being system three way partnership with Trinity Well being’s Saint Alphonsus Well being System initially with 5 outpatient imaging facilities in Boise, Idaho. Along side this new partnership, varied modules of DeepHealth OS in addition to AI-powered options for radiologist reporting, affected person engagement and medical interpretation might be carried out. This relationship is a blueprint for future well being system partnerships, the place RadNet can carry all of its operational, medical and digital workflow options to bear to streamline the affected person journey and enhance medical care and outcomes. Because of the sturdy working tendencies throughout the first quarter which have continued via early Could, we’re rising 2026 Imaging Center steerage for Income, Adjusted EBITDA⁽¹⁾ and Free Cash Flow⁽²⁾.”

“The Digital Well being division continues to realize momentum, which was additional superior with the March 2, 2026 acquisition of Gleamer SAS in France. DeepHealth’s medical AI portfolio now contains interpretive options in just about all imaging modalities. We estimate that by the top of this 12 months, over 70% of RadNet research might be operating via medical AI, and we anticipate that every one of RadNet’s radiologist studies might be processed via DeepHealth’s Reporting Professional AI-powered auto-impression/summarization engine. When absolutely carried out, these initiatives ought to lead to important enhancement to affected person care and workflow productiveness meant to realize a measurable enchancment to RadNet’s working bills. Moreover, the Digital Well being gross sales pipeline with third-party clients continued to construct throughout the first quarter, throughout which we signed over $16 million (Whole Contract Worth) of latest DeepHealth enterprise. These contracts span the complete breadth of DeepHealth merchandise together with medical AI, working and diagnostic workflow and TechLive options,” added Dr. Berger.

“RadNet’s stability sheet continues to be among the many strongest within the diagnostic imaging business. At quarter finish, which mirrored the acquisition of Gleamer and latest imaging middle transactions, we had a money stability of $455.3 million and a leverage ratio of Internet Debt to Adjusted EBITDA⁽¹⁾ of barely beneath 2.0. Financial leverage and liquidity will proceed to be fastidiously managed to keep up optimum future working flexibility,” concluded Dr. Berger.

Financial Results

For the primary quarter of 2026, RadNet reported Whole Firm Income of $575.6 million and Adjusted EBITDA⁽¹⁾ of $63.3 million. Income elevated $104.2 million (or 22.1%) and Adjusted EBITDA⁽¹⁾ elevated $16.9 million (or 36.3%) as in contrast with the primary quarter of 2025.

For the primary quarter of 2026, RadNet reported Digital Well being Income (inclusive of intersegment income) of $29.1 million and Adjusted EBITDA⁽¹⁾ of $1.3 million. Income elevated $9.9 million (or 51.5%) and Adjusted EBITDA⁽¹⁾ decreased $2.4 million as in contrast with the primary quarter of 2025. At March 31, 2026, Annual Recurring Income⁽⁴⁾ (ARR) for Digital Well being was $96.9 million, as in contrast with $49.8 million as of March 31, 2025.

There have been numerous uncommon or one-time gadgets impacting the primary quarter together with: $0.9 million expense associated to leases for de novo services underneath development which have but to open their operations; $3.5 million of acquisition transaction prices; $2.6 million loss on the sale and disposal of kit; $1.5 million of severance prices; $2.8 million change in contingent consideration associated to previous acquisitions; and $4.6 million of non-capitalized analysis and improvement bills with respect to DeepHealth Cloud OS and generative AI. Adjusting for the above gadgets, Whole Firm Adjusted Loss⁽³⁾ was $21.6 million and diluted Adjusted Loss Per Share⁽³⁾ was $(0.28) for the primary quarter of 2026. This compares with Whole Firm Adjusted Loss⁽³⁾ of $25.2 million and diluted Adjusted Loss Per Share⁽³⁾ of $(0.34) throughout the first quarter of 2025.

Unadjusted for uncommon or one-time gadgets impacting the primary quarter of 2026, Whole Firm Internet Loss for the primary quarter of 2026 was $33.5 million as in contrast with a Whole Firm Internet Lack of $37.9 million for the primary quarter of 2025. Internet Loss Per Share for the primary quarter of 2026 was $(0.43), in contrast with a Internet Loss per share of $(0.51) within the first quarter of 2025, based mostly upon a weighted common variety of diluted shares excellent of 77.1 million shares in 2026 and 74.4 million shares in 2025.

For the primary quarter of 2026, as in contrast with the prior 12 months’s first quarter, MRI quantity elevated 20.3%, CT quantity elevated 17.7% and PET/CT quantity elevated 35.2% on a systemwide foundation (together with unconsolidated three way partnership facilities). General quantity, taking into consideration routine imaging exams, inclusive of x-ray, ultrasound, mammography and different exams, elevated 10.1% over the prior 12 months’s first quarter. On a same-center systemwide foundation, together with solely these facilities which had been a part of RadNet for each the primary quarters of 2026 and 2025, MRI quantity elevated 10.0%, CT quantity elevated 4.7% and PET/CT quantity elevated 14.7%. General same-center quantity, taking into consideration routine imaging exams, inclusive of x-ray, ultrasound, mammography and different exams, elevated 2.4% over the prior 12 months’s similar quarter.

2026 Revised Guidance

RadNet amends its beforehand introduced steerage ranges as follows:

Imaging Center Section

(a)   Internet of proceeds from the sale of kit and New Jersey Imaging Community capital expenditures.
(b)   Internet of funds from counterparties on rate of interest swaps and curiosity earnings from our money stability recorded in Different Earnings.

Digital Well being Section

Financial Results Convention Name

Dr. Howard Berger, President and Chief Government Officer, and Mark Stolper, Government Vice President and Chief Financial Officer, will host a convention name to debate its first quarter 2026 outcomes on Monday, Could eleventh, 2026 at 7:30 a.m. Pacific Time (10:30 a.m. Jap Time).

Convention Name Particulars:

Date: Monday, Could 11, 2026
Time: 10:30 a.m. Jap Time
Dial In-Quantity: 844-744-1280
Worldwide Dial-In Quantity: 412-564-6465

It’s endorsed that contributors dial in roughly 5 to 10 minutes previous to the beginning of the ten:30 a.m. name. There will even be simultaneous and archived webcasts out there at https://viavid.webcasts.com/starthere.jsp?ei=1761306&tp_key=ea5d61284c or http://www.radnet.com underneath the “Buyers” menu part and “Information Releases” sub-menu of the web site. An archived replay of the decision will even be out there and may be accessed by dialing 844-512-2921 from the U.S., or 412-317-6671 for worldwide allers, and utilizing the passcode 10208825.

About RadNet, Inc.

RadNet, Inc. is a number one nationwide supplier of freestanding, fixed-site diagnostic imaging companies in america based mostly on the variety of places and annual imaging income. RadNet has a community of owned and/or operated outpatient imaging facilities. RadNet’s imaging middle markets embrace Arizona, California, Delaware, Florida, Idaho, Indiana, Maryland, New Jersey, New York, Texas and Virginia. As well as, RadNet offers radiology info expertise and synthetic intelligence options marketed underneath the DeepHealth model, teleradiology skilled companies and different associated merchandise and companies to clients within the diagnostic imaging business globally. Along with contracted radiologists, and inclusive of full-time and per diem workers and technologists, RadNet has over 11,000 staff members. Study extra at radnet.com.

Ahead Trying Statements

This press launch comprises “forward-looking statements” throughout the that means of the secure harbor provisions of the U.S. Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements are expressions of our present beliefs, expectations and assumptions relating to the way forward for our enterprise, future plans and methods, projections, and anticipated future circumstances, occasions and tendencies. Ahead-looking statements can usually be recognized by phrases equivalent to: “anticipate,” “intend,” “plan,” “purpose,” “search,” “imagine,” “challenge,” “estimate,” “anticipate,” “technique,” “future,” “doubtless,” “could,” “ought to,” “will” and comparable references to future durations.

Ahead-looking statements are neither historic details nor assurances of future efficiency. As a result of forward-looking statements relate to the long run, they’re inherently topic to uncertainties, dangers and adjustments in circumstances which might be tough to foretell and lots of that are outdoors of our management. Our precise outcomes and monetary situation could differ materially from these indicated within the forward-looking statements. Subsequently, you shouldn’t place undue reliance on any of those forward-looking statements. Vital elements that might trigger our precise outcomes and monetary situation to vary materially from these indicated within the forward-looking statements embrace, amongst others, the next:

• the influence of a pandemic, important deterioration within the broader economic system, extreme acts of nature or different exogenous elements on our enterprise, suppliers, payors, clients, referral sources, companions, sufferers and workers;
• the supply and phrases of capital to fund our enterprise;
• our skill to service our indebtedness, make principal and curiosity funds as these funds change into due and stay in compliance with relevant debt covenants, along with our skill to refinance such indebtedness on acceptable phrases;
• adjustments generally financial circumstances nationally and regionally within the markets by which we function;
• the supply and phrases of capital to fund the enlargement of our enterprise and enhancements to our present services;
• our skill to keep up our present credit standing and the influence on our funding prices and aggressive place if we don’t accomplish that;
• our skill to accumulate, develop, implement and monetize synthetic intelligence algorithms and functions;
• volatility in curiosity and change charges, or credit score markets;
• the adequacy of our money circulate and earnings to fund our present and future operations;
• adjustments in service combine, income combine and process volumes;
• delays in receiving funds for companies supplied;
• elevated bankruptcies amongst our accomplice physicians or three way partnership companions;
• the influence of the political surroundings and associated developments on the present healthcare market and on our enterprise, together with with respect to the way forward for the Reasonably priced Care Act;
• the extent to which the continuing implementation of healthcare reform, or adjustments in or new laws, rules or steerage, enforcement thereof by federal and state regulators or associated litigation lead to a discount in protection or reimbursement charges for our companies, or different materials impacts to our enterprise;
• closures or slowdowns and adjustments in labor prices and labor difficulties, together with stoppages affecting both our operations or our suppliers’ talents to ship provides wanted in our services;
• the prevalence of hostilities, political instability or catastrophic occasions;
• the emergence or reemergence of and results associated to future pandemics, epidemics and infectious ailments; and
• noncompliance by us with any privateness or safety legal guidelines or any cybersecurity incident or different safety breach by us or a 3rd celebration involving the misappropriation, loss or different unauthorized use or disclosure of confidential info.
• With respect to mergers and acquisitions: (1) the termination of or prevalence of any occasion, change or different circumstances that might give rise to the termination of the merger or acquisition settlement or the shortcoming to finish the proposed transaction on the anticipated phrases and timetable, (2) the shortcoming to finish the proposed transaction on account of any relevant regulatory approval which may be required for the proposed transaction that’s delayed, that isn’t obtained or that’s obtained topic to circumstances that aren’t anticipated, (3) the power to acknowledge the anticipated advantages of the proposed transaction, which can be affected by, amongst different issues, the power to keep up relationships with its clients, sufferers, payers, physicians, and suppliers and retain its administration and key workers, (4) the power of RadNet following the proposed transaction to realize the synergies contemplated by the proposed transaction or such synergies taking longer to comprehend than anticipated, (5) prices associated to the proposed transaction, (6) the power of RadNet following the proposed transaction to execute efficiently its strategic plans, (7) the power of RadNet following the proposed transaction to promptly and successfully combine the goal into its enterprise, (8) the danger of litigation associated to the proposed transaction, (9) the diversion of administration’s time and consideration from extraordinary course enterprise operations to completion of the proposed transaction and integration issues, (10) the danger of legislative, regulatory, financial, aggressive, and technological adjustments, (11) dangers referring to the worth of RadNet’s securities to be issued within the proposed merger, and (12) the impact of the announcement, pendency or completion of the proposed transactions available on the market value of RadNet’s widespread inventory.

The foregoing assessment of essential elements shouldn’t be construed as exhaustive and must be learn along side the opposite cautionary statements which might be included elsewhere. Extra info regarding dangers, uncertainties and assumptions may be present in RadNet’s filings with the SEC, together with the danger elements mentioned in RadNet’s most up-to-date Annual Report on Type 10-Okay, as up to date by its Quarterly Reports on Type 10-Q and future filings with the SEC.

Any forward-looking assertion contained on this launch relies on info at present out there to us and speaks solely as of the date on which it’s made. We undertake no obligation to publicly replace any forward-looking assertion, whether or not written or oral, that we could make every so often, whether or not because of modified circumstances, new info, future developments or in any other case, besides as required by relevant regulation.

Regulation G: GAAP and Non-GAAP Financial Info

This launch comprises sure monetary info not reported in accordance with GAAP. The Firm makes use of each GAAP and non-GAAP metrics to measure its monetary outcomes. The Firm believes that, along with GAAP metrics, these non-GAAP metrics help the Firm in measuring its cash-based efficiency. The Firm believes this info is beneficial to buyers and different events as a result of it removes uncommon and nonrecurring expenses that happen within the affected interval and offers a foundation for measuring the Firm’s monetary situation in opposition to different quarters. Such info shouldn’t be thought of instead for any measures calculated in accordance with GAAP, and is probably not akin to different equally titled measures of different corporations. Non-GAAP monetary measures shouldn’t be thought of in isolation from, or instead for, monetary info ready in accordance with GAAP. Reconciliation of this info to essentially the most comparable GAAP measures is included on this launch within the tables which comply with.

CONTACTS:

RadNet, Inc.

Mark Stolper, 310-445-2800

Government Vice President and Chief Financial Officer

Footnotes

⁽¹⁾ The Firm defines Adjusted EBITDA as earnings earlier than curiosity, taxes, depreciation and amortization, every from persevering with operations and adjusted for losses or beneficial properties on the sale of kit, different earnings or loss, debt extinguishments and non-cash fairness compensation. Adjusted EBITDA contains fairness earnings in unconsolidated operations and subtracts allocations of earnings to non-controlling pursuits in subsidiaries, and is adjusted for non-cash or extraordinary and one-time occasions taken place throughout the interval.

Adjusted EBITDA is reconciled to its nearest comparable GAAP monetary measure. Adjusted EBITDA is a non-GAAP monetary measure used as analytical indicator by RadNet administration and the healthcare business to evaluate enterprise efficiency, and is a measure of leverage capability and skill to service debt. Adjusted EBITDA shouldn’t be thought of a measure of monetary efficiency underneath GAAP, and the gadgets excluded from Adjusted EBITDA shouldn’t be thought of in isolation or as alternate options to internet earnings, money flows generated by working, investing or financing actions or different monetary assertion information offered within the consolidated monetary statements as an indicator of monetary efficiency or liquidity. As Adjusted EBITDA isn’t a measurement decided in accordance with GAAP and is subsequently inclined to various strategies of calculation, this metric, as offered, is probably not akin to different equally titled measures of different corporations.

⁽²⁾ As famous above, the Firm defines Free Cash Flow as Adjusted EBITDA much less whole Capital Expenditures (whether or not accomplished with money or financed) and Cash Curiosity paid. Free Cash Flow is a non-GAAP monetary measure. The Firm makes use of Free Cash Flow as a result of the Firm believes it offers helpful info for buyers and administration as a result of it measures our capability to generate money from our working actions. Free Cash Flow doesn’t symbolize whole money circulate because it doesn’t embrace the money flows generated by or utilized in financing actions. As well as, our definition of Free Cash Flow could differ from definitions utilized by different corporations.

Free Cash Flow shouldn’t be thought of a measure of monetary efficiency underneath GAAP, and the gadgets excluded from Adjusted EBITDA shouldn’t be thought of in isolation or as alternate options to internet earnings, money flows generated by working, investing or financing actions or different monetary assertion information offered within the consolidated monetary statements as an indicator of monetary efficiency or liquidity. As Adjusted EBITDA isn’t a measurement decided in accordance with GAAP and is subsequently inclined to various strategies of calculation, this metric, as offered, is probably not akin to different equally titled measures of different corporations.

⁽³⁾ The Firm defines Adjusted Earnings (Loss) Per Share as internet earnings or loss attributable to RadNet, Inc. widespread stockholders and excludes losses or beneficial properties on the disposal of kit, loss on debt extinguishments, cut price buy beneficial properties, severance prices, loss on impairment, loss or achieve on swap valuation, achieve on extinguishment of debt, uncommon or non-recurring entries that influence the Firm’s tax provision and some other non-recurring or uncommon transactions recorded throughout the interval.

Adjusted Earnings (Loss) Per Share is reconciled to its nearest comparable GAAP monetary measure. Adjusted Earnings (Loss) Per Share is a non-GAAP monetary measure used as analytical indicator by RadNet administration and the healthcare business to evaluate enterprise efficiency. Adjusted Earnings Per Share shouldn’t be thought of a measure of monetary efficiency underneath GAAP, and the gadgets excluded from Adjusted Earnings Per Share shouldn’t be thought of in isolation or as alternate options to internet earnings, money flows generated by working, investing or financing actions or different monetary assertion information offered within the consolidated monetary statements as an indicator of monetary efficiency or liquidity. As Adjusted Earnings Per Share isn’t a measurement decided in accordance with GAAP and is subsequently inclined to various strategies of calculation, this metric, as offered, is probably not akin to different equally titled measures of different corporations.

⁽⁴⁾ The Firm defines Annual Recurring Income (ARR) as a key subscription economic system metric representing the predictable, normalized annualized worth of contracted recurring income generated from clients from lively buyer contracts. ARR contains subscription charges, recurring help charges, and contracted utilization expenses and excludes one-time, non-recurring charges equivalent to, implementation, {hardware} gross sales, skilled companies, consulting and one-off coaching. ARR is a non-GAAP measure and doesn’t symbolize GAAP income acknowledged over time.