RadNet (RDNT) Revenue & Revenue Breakdown
RadNet Revenue Highlights
Latest Revenue (Y)
$1.62B
Latest Revenue (Q)
$459.71M
Main Segment (Y)
Commercial Insurance1
RadNet Revenue by Period
RadNet Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $1.62B | 13.05% |
| 2022-12-31 | $1.43B | 8.74% |
| 2021-12-31 | $1.32B | 22.69% |
| 2020-12-31 | $1.07B | -7.13% |
| 2019-12-31 | $1.15B | 18.36% |
| 2018-12-31 | $975.15M | 5.74% |
| 2017-12-31 | $922.19M | 4.26% |
| 2016-12-31 | $884.53M | 9.25% |
| 2015-12-31 | $809.63M | 12.83% |
| 2014-12-31 | $717.57M | 2.07% |
| 2013-12-31 | $702.99M | 8.63% |
| 2012-12-31 | $647.15M | 4.41% |
| 2011-12-31 | $619.80M | 12.99% |
| 2010-12-31 | $548.54M | 4.61% |
| 2009-12-31 | $524.37M | 4.43% |
| 2008-12-31 | $502.12M | 18.01% |
| 2007-12-31 | $425.47M | 164.26% |
| 2006-10-31 | $161.00M | 10.60% |
| 2005-10-31 | $145.57M | 6.04% |
| 2004-10-31 | $137.28M | -2.13% |
| 2003-10-31 | $140.26M | 0.70% |
| 2002-10-31 | $139.28M | 24.54% |
| 2001-10-31 | $111.84M | 27.14% |
| 2000-10-31 | $87.96M | 21.67% |
| 1999-10-31 | $72.30M | 22.92% |
| 1998-10-31 | $58.82M | -12.23% |
| 1997-10-31 | $67.02M | 18.54% |
| 1996-10-31 | $56.54M | 24.69% |
| 1995-10-31 | $45.34M | - |
RadNet generated $1.62B in revenue during NA 2023, up 13.05% compared to the previous quarter, and up 165.78% compared to the same period a year ago.
RadNet Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $459.71M | 6.49% |
| 2024-03-31 | $431.71M | 2.69% |
| 2023-12-31 | $420.38M | 4.58% |
| 2023-09-30 | $401.97M | -0.43% |
| 2023-06-30 | $403.71M | 3.37% |
| 2023-03-31 | $390.56M | 1.74% |
| 2022-12-31 | $383.88M | 9.66% |
| 2022-09-30 | $350.04M | -1.22% |
| 2022-06-30 | $354.38M | 3.69% |
| 2022-03-31 | $341.77M | 2.59% |
| 2021-12-31 | $333.15M | 0.14% |
| 2021-09-30 | $332.69M | -0.37% |
| 2021-06-30 | $333.92M | 5.90% |
| 2021-03-31 | $315.32M | 2.21% |
| 2020-12-31 | $308.50M | 5.73% |
| 2020-09-30 | $291.78M | 53.11% |
| 2020-06-30 | $190.57M | -32.32% |
| 2020-03-31 | $281.56M | -6.41% |
| 2019-12-31 | $300.84M | 2.78% |
| 2019-09-30 | $292.69M | 1.24% |
| 2019-06-30 | $289.10M | 6.46% |
| 2019-03-31 | $271.55M | 5.57% |
| 2018-12-31 | $257.21M | 6.22% |
| 2018-09-30 | $242.15M | -0.92% |
| 2018-06-30 | $244.40M | 5.62% |
| 2018-03-31 | $231.39M | -1.77% |
| 2017-12-31 | $235.55M | 3.49% |
| 2017-09-30 | $227.61M | -1.05% |
| 2017-06-30 | $230.01M | 0.44% |
| 2017-03-31 | $229.01M | 1.81% |
| 2016-12-31 | $224.94M | 0.13% |
| 2016-09-30 | $224.64M | 2.78% |
| 2016-06-30 | $218.56M | 1.01% |
| 2016-03-31 | $216.39M | 0.32% |
| 2015-12-31 | $215.71M | 3.52% |
| 2015-09-30 | $208.37M | 2.00% |
| 2015-06-30 | $204.29M | 12.70% |
| 2015-03-31 | $181.27M | -2.31% |
| 2014-12-31 | $185.55M | 0.81% |
| 2014-09-30 | $184.06M | 2.78% |
| 2014-06-30 | $179.08M | 6.04% |
| 2014-03-31 | $168.88M | -5.31% |
| 2013-12-31 | $178.34M | 1.80% |
| 2013-09-30 | $175.19M | -0.75% |
| 2013-06-30 | $176.52M | 2.07% |
| 2013-03-31 | $172.94M | 8.54% |
| 2012-12-31 | $159.33M | -0.70% |
| 2012-09-30 | $160.45M | -2.96% |
| 2012-06-30 | $165.35M | 2.06% |
| 2012-03-31 | $162.02M | -3.05% |
| 2011-12-31 | $167.11M | 10.78% |
| 2011-09-30 | $150.84M | -3.08% |
| 2011-06-30 | $155.63M | 6.44% |
| 2011-03-31 | $146.22M | 0.62% |
| 2010-12-31 | $145.31M | 3.73% |
| 2010-09-30 | $140.09M | 0.82% |
| 2010-06-30 | $138.95M | 11.90% |
| 2010-03-31 | $124.18M | -5.79% |
| 2009-12-31 | $131.81M | -1.19% |
| 2009-09-30 | $133.40M | 1.72% |
| 2009-06-30 | $131.15M | 2.46% |
| 2009-03-31 | $128.00M | -0.20% |
| 2008-12-31 | $128.26M | -2.63% |
| 2008-09-30 | $131.72M | 3.35% |
| 2008-06-30 | $127.45M | 11.11% |
| 2008-03-31 | $114.70M | 11.99% |
| 2007-12-31 | $102.42M | - |
RadNet generated $459.71M in revenue during Q2 2024, up 6.49% compared to the previous quarter, and up 117.71% compared to the same period a year ago.
RadNet Revenue Breakdown
RadNet Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Workers' Compensation/Personal Injury1 | $47.36M | $51.34M | $44.23M | $33.48M | $42.79M |
| Capitation Arrangements | $153.43M | $152.04M | $148.33M | $140.12M | $125.94M |
| Commercial Insurance1 | $897.95M | $785.13M | $743.46M | $584.03M | $642.34M |
| Health Care, Management Service | $17.94M | $22.23M | $19.63M | $11.25M | $11.66M |
| Health Care, Other | $20.11M | $19.43M | $13.85M | $23.30M | $24.55M |
| Health Care, Patient Service Other | $42.25M | $31.85M | $19.40M | $25.31M | $23.86M |
| Medicaid1 | $43.17M | $38.28M | $34.73M | $25.62M | $28.28M |
| Medicare1 | $363.86M | $311.12M | $280.91M | $217.93M | $237.43M |
| Software and Teleradiology | $18.08M | $14.24M | - | - | - |
| Health Care, Patient Service | - | - | $1.17B | $931.72M | $1.03B |
| Imaging On Call | - | - | $10.53M | $10.80M | $17.32M |
RadNet's latest annual revenue breakdown by segment (product or service), as of Dec 23: Commercial Insurance1 (55.98%), Medicare1 (22.68%), Capitation Arrangements (9.56%), Workers' Compensation/Personal Injury1 (2.95%), Medicaid1 (2.69%), Health Care, Patient Service Other (2.63%), Health Care, Other (1.25%), Software and Teleradiology (1.13%), and Health Care, Management Service (1.12%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Commercial Insurance1 | $240.63M | $232.34M | $223.56M | $224.84M | $217.21M | $211.87M | $189.63M | $195.07M | $188.47M | $188.11M | $185.72M | $187.35M | $182.10M | $171.62M | $160.52M | $96.35M | $155.46M | $167.28M | $163.15M | $160.19M |
| Capitation Arrangements | $34.52M | $35.45M | $40.04M | $39.80M | $38.14M | $37.68M | $38.00M | $37.87M | $38.49M | $36.88M | $37.28M | $38.42M | $35.74M | $36.97M | $35.05M | $34.87M | $33.23M | $35.36M | $30.78M | $30.93M |
| Health Care, Patient Service Other | $11.47M | $11.45M | $10.66M | $10.39M | $9.74M | $9.52M | $7.65M | $7.57M | $7.12M | $4.63M | $4.80M | $5.19M | $4.78M | $8.10M | $8.33M | $3.55M | $5.66M | $5.92M | $6.08M | $6.02M |
| Workers' Compensation/Personal Injury1 | $11.79M | $11.92M | $9.95M | $12.82M | $12.68M | $12.55M | $13.20M | $13.14M | $12.45M | $11.73M | $11.55M | $10.56M | $10.40M | $7.77M | $7.18M | $7.36M | $10.27M | $9.84M | $10.87M | $11.01M |
| Service | $431.71M | $401.97M | $403.71M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Medicare1 | $93.53M | $95.88M | $91.89M | $89.47M | $86.62M | $84.30M | $78.03M | $77.88M | $71.00M | $72.93M | $73.16M | $71.41M | $63.59M | $63.08M | $62.70M | $35.08M | $57.75M | $61.60M | $61.60M | $60.15M |
| Medicaid1 | $10.89M | $12.29M | $10.74M | $9.98M | $10.15M | $9.82M | $9.67M | $9.70M | $9.09M | $8.53M | $8.71M | $9.04M | $8.45M | $7.55M | $7.10M | $4.30M | $6.63M | $6.72M | $7.13M | $7.29M |
| Health Care, Other | $4.39M | $3.42M | $6.17M | $5.21M | $5.30M | $7.37M | $3.43M | $3.58M | $5.65M | $3.79M | $3.64M | $3.79M | $2.62M | $7.68M | $5.87M | $3.53M | $6.22M | $3.68M | $6.88M | $7.69M |
| Health Care, Management Service | $5.91M | $5.73M | $3.96M | $4.00M | $4.25M | $5.04M | $6.10M | $5.59M | $5.51M | $3.62M | $5.25M | $5.53M | $5.22M | $2.68M | $2.67M | $3.33M | $2.57M | $6.00M | $1.79M | $1.75M |
| Teleradiology and Software | - | - | $2.11M | $4.82M | $4.33M | $2.56M | $2.62M | $2.43M | $2.35M | $2.20M | $3.77M | $4.41M | $4.06M | - | - | - | - | - | - | - |
| AI | - | - | - | $2.38M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Software | - | - | - | - | - | - | $3.43M | $2.42M | $3.40M | - | - | - | - | - | - | - | - | - | - | - |
| Health Care, Patient Service | - | - | - | - | - | - | - | - | $303.28M | $296.26M | $295.41M | $295.49M | $279.58M | $270.96M | $256.73M | $155.70M | $248.33M | $265.49M | $261.91M | $258.17M |
RadNet's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Service (51.10%), Commercial Insurance1 (28.48%), Medicare1 (11.07%), Capitation Arrangements (4.09%), Workers' Compensation/Personal Injury1 (1.40%), Health Care, Patient Service Other (1.36%), Medicaid1 (1.29%), Health Care, Management Service (0.70%), and Health Care, Other (0.52%).
RadNet Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| QGEN | Qiagen | $1.97B | $458.80M |
| RDNT | RadNet | $1.62B | $459.71M |
| SHC | Sotera Health | $1.05B | $276.59M |
| NEOG | Neogen | $924.22M | $228.81M |
| MYGN | Myriad Genetics | $678.40M | $191.90M |
| GTH | Genetron | $650.71M | $201.32M |
| BNR | Burning Rock Biotech | $537.43M | $125.62M |
| LMDX | LumiraDx | $254.48M | $21.00M |
| OLK | Olink AB (publ) | $169.91M | $28.59M |
| FONR | FONAR | $98.65M | $25.72M |
| XGN | Exagen | $52.55M | $15.06M |
| BDSX | Biodesix | $49.09M | $14.82M |
| ACRS | Aclaris Therapeutics | $31.25M | $2.40M |
| SERA | Sera Prognostics | $306.00K | - |
RDNT Revenue FAQ
What is RadNet’s yearly revenue?
RadNet's yearly revenue for 2023 was $1.62B, representing an increase of 13.05% compared to 2022. The company's yearly revenue for 2022 was $1.43B, representing an increase of 8.74% compared to 2021. RDNT's yearly revenue for 2021 was $1.32B, representing an increase of 22.69% compared to 2020.
What is RadNet’s quarterly revenue?
RadNet's quarterly revenue for Q2 2024 was $459.71M, a 6.49% increase from the previous quarter (Q1 2024), and a 13.87% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $431.71M, a 2.69% increase from the previous quarter (Q4 2023), and a 10.53% increase year-over-year (Q1 2023). RDNT's quarterly revenue for Q4 2023 was $420.38M, a 4.58% increase from the previous quarter (Q3 2023), and a 9.51% increase year-over-year (Q4 2022).
What is RadNet’s revenue growth rate?
RadNet's revenue growth rate for the last 3 years (2021-2023) was 22.93%, and for the last 5 years (2019-2023) was 40.07%.
What are RadNet’s revenue streams?
RadNet's revenue streams in c 23 are Workers' Compensation/Personal Injury1, Capitation Arrangements, Commercial Insurance1, Health Care, Management Service, Health Care, Other, Health Care, Patient Service Other, Medicaid1, Medicare1, and Software and Teleradiology. Workers' Compensation/Personal Injury1 generated $47.36M in revenue, accounting 2.95% of the company's total revenue, down -7.74% year-over-year. Capitation Arrangements generated $153.43M in revenue, accounting 9.56% of the company's total revenue, up 0.91% year-over-year. Commercial Insurance1 generated $897.95M in revenue, accounting 55.98% of the company's total revenue, up 14.37% year-over-year. Health Care, Management Service generated $17.94M in revenue, accounting 1.12% of the company's total revenue, down -19.33% year-over-year. Health Care, Other generated $20.11M in revenue, accounting 1.25% of the company's total revenue, up 3.52% year-over-year. Health Care, Patient Service Other generated $42.25M in revenue, accounting 2.63% of the company's total revenue, up 32.65% year-over-year. Medicaid1 generated $43.18M in revenue, accounting 2.69% of the company's total revenue, up 12.79% year-over-year. Medicare1 generated $363.86M in revenue, accounting 22.68% of the company's total revenue, up 16.95% year-over-year. Software and Teleradiology generated $18.08M in revenue, accounting 1.13% of the company's total revenue, up 27.00% year-over-year.
What is RadNet’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of RadNet was Commercial Insurance1. This segment made a revenue of $897.95M, representing 55.98% of the company's total revenue.