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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUE        
Total service revenue $ 522,869 $ 461,142 $ 1,492,498 $ 1,352,563
OPERATING EXPENSES        
Cost of operations, excluding depreciation and amortization 450,379 391,800 1,332,944 1,169,113
Lease abandonment charges 2,819 0 8,330 0
Depreciation and amortization 39,799 34,979 111,275 101,822
Loss on sale and disposal of equipment and other 1,042 148 3,168 735
Severance costs 1,441 304 2,614 797
Total operating expenses 495,480 427,231 1,458,331 1,272,467
INCOME FROM OPERATIONS 27,389 33,911 34,167 80,096
OTHER INCOME AND EXPENSES        
Interest expense 17,355 19,427 51,783 61,776
Equity in earnings of joint ventures (3,567) (3,595) (10,522) (11,308)
Non-cash change in fair value of interest rate swap 2,371 6,755 6,433 7,429
Debt restructuring and extinguishment expenses 0 147 0 8,909
Other income (9,044) (5,414) (24,520) (16,248)
Total other expenses 7,115 17,320 23,174 50,558
INCOME BEFORE INCOME TAXES 20,274 16,591 10,993 29,538
Provision for income taxes (6,385) (4,335) (3,807) (4,927)
NET INCOME 13,889 12,256 7,186 24,611
Net income attributable to noncontrolling interest 8,472 9,047 25,241 27,163
NET INCOME (LOSS) ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 5,417 $ 3,209 $ (18,055) $ (2,552)
BASIC NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.07 $ 0.04 $ (0.24) $ (0.04)
DILUTED NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.07 $ 0.04 $ (0.24) $ (0.04)
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 75,950,350 73,494,709 74,703,658 72,587,321
Diluted (in shares) 77,388,477 75,165,435 74,703,658 72,587,321
Service fee revenue        
REVENUE        
Total service revenue $ 491,426 $ 427,579 $ 1,398,838 $ 1,247,513
Revenue under capitation arrangements        
REVENUE        
Total service revenue $ 31,443 $ 33,563 $ 93,660 $ 105,050