​
​

RadNet (RDNT) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

RadNet Revenue Highlights

Latest Revenue (Y)

$1.62B

Latest Revenue (Q)

$461.14M

Main Segment (Y)

Commercial Insurance1

RadNet Revenue by Period

RadNet Revenue by Year

DateRevenueChange
2023-12-31$1.62B13.05%
2022-12-31$1.43B8.74%
2021-12-31$1.32B22.69%
2020-12-31$1.07B-7.13%
2019-12-31$1.15B18.36%
2018-12-31$975.15M5.74%
2017-12-31$922.19M4.26%
2016-12-31$884.53M9.25%
2015-12-31$809.63M12.83%
2014-12-31$717.57M2.07%
2013-12-31$702.99M8.63%
2012-12-31$647.15M4.41%
2011-12-31$619.80M12.99%
2010-12-31$548.54M4.61%
2009-12-31$524.37M4.43%
2008-12-31$502.12M18.01%
2007-12-31$425.47M164.26%
2006-10-31$161.00M10.60%
2005-10-31$145.57M6.04%
2004-10-31$137.28M-2.13%
2003-10-31$140.26M0.70%
2002-10-31$139.28M24.54%
2001-10-31$111.84M27.14%
2000-10-31$87.96M21.67%
1999-10-31$72.30M22.92%
1998-10-31$58.82M-12.23%
1997-10-31$67.02M18.54%
1996-10-31$56.54M24.69%
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

DateRevenueChange
2024-09-30$461.14M0.31%
2024-06-30$459.71M6.49%
2024-03-31$431.71M2.69%
2023-12-31$420.38M4.58%
2023-09-30$401.97M-0.43%
2023-06-30$403.71M3.37%
2023-03-31$390.56M1.74%
2022-12-31$383.88M9.66%
2022-09-30$350.04M-1.22%
2022-06-30$354.38M3.69%
2022-03-31$341.77M2.59%
2021-12-31$333.15M0.14%
2021-09-30$332.69M-0.37%
2021-06-30$333.92M5.90%
2021-03-31$315.32M2.21%
2020-12-31$308.50M5.73%
2020-09-30$291.78M53.11%
2020-06-30$190.57M-32.32%
2020-03-31$281.56M-6.41%
2019-12-31$300.84M2.78%
2019-09-30$292.69M1.24%
2019-06-30$289.10M6.46%
2019-03-31$271.55M5.57%
2018-12-31$257.21M6.22%
2018-09-30$242.15M-0.92%
2018-06-30$244.40M5.62%
2018-03-31$231.39M-1.77%
2017-12-31$235.55M3.49%
2017-09-30$227.61M-1.05%
2017-06-30$230.01M0.44%
2017-03-31$229.01M1.81%
2016-12-31$224.94M0.13%
2016-09-30$224.64M2.78%
2016-06-30$218.56M1.01%
2016-03-31$216.39M0.32%
2015-12-31$215.71M3.52%
2015-09-30$208.37M2.00%
2015-06-30$204.29M12.70%
2015-03-31$181.27M-2.31%
2014-12-31$185.55M0.81%
2014-09-30$184.06M2.78%
2014-06-30$179.08M6.04%
2014-03-31$168.88M-5.31%
2013-12-31$178.34M1.80%
2013-09-30$175.19M-0.75%
2013-06-30$176.52M2.07%
2013-03-31$172.94M8.54%
2012-12-31$159.33M-0.70%
2012-09-30$160.45M-2.96%
2012-06-30$165.35M2.06%
2012-03-31$162.02M-3.05%
2011-12-31$167.11M10.78%
2011-09-30$150.84M-3.08%
2011-06-30$155.63M6.44%
2011-03-31$146.22M0.62%
2010-12-31$145.31M3.73%
2010-09-30$140.09M0.82%
2010-06-30$138.95M11.90%
2010-03-31$124.18M-5.79%
2009-12-31$131.81M-1.19%
2009-09-30$133.40M1.72%
2009-06-30$131.15M2.46%
2009-03-31$128.00M-0.20%
2008-12-31$128.26M-2.63%
2008-09-30$131.72M3.35%
2008-06-30$127.45M11.11%
2008-03-31$114.70M11.99%
2007-12-31$102.42M-

RadNet generated $461.14M in revenue during Q3 2024, up 0.31% compared to the previous quarter, and up 114.22% compared to the same period a year ago.

RadNet Revenue Breakdown

RadNet Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Software and Teleradiology$18.08M$14.24M---
Workers' Compensation/Personal Injury1$47.36M$51.34M$44.23M$33.48M$42.79M
Medicare1$363.86M$311.12M$280.91M$217.93M$237.43M
Medicaid1$43.17M$38.28M$34.73M$25.62M$28.28M
Health Care, Patient Service Other$42.25M$31.85M$19.40M$25.31M$23.86M
Health Care, Other$20.11M$19.43M$13.85M$23.30M$24.55M
Health Care, Management Service$17.94M$22.23M$19.63M$11.25M$11.66M
Commercial Insurance1$897.95M$785.13M$743.46M$584.03M$642.34M
Capitation Arrangements$153.43M$152.04M$148.33M$140.12M$125.94M
Imaging On Call--$10.53M$10.80M$17.32M
Health Care, Patient Service--$1.17B$931.72M$1.03B

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/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Health Care, Management Service$6.24M$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
Workers' Compensation/Personal Injury1$10.23M$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
Service$461.14M$431.71M$401.97M$403.71M----------------
Medicare1$102.85M$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
Medicaid1$10.89M$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
Health Care, Patient Service Other$10.61M$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
Health Care, Other$10.31M$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
Commercial Insurance1$255.38M$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
Capitation Arrangements$33.56M$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
Teleradiology and Software---$2.11M$4.82M$4.33M$2.56M$2.62M$2.43M$2.35M$2.20M$3.77M$4.41M-------
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

RadNet's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Service (51.17%), Commercial Insurance1 (28.34%), Medicare1 (11.41%), Capitation Arrangements (3.72%), Medicaid1 (1.21%), Health Care, Patient Service Other (1.18%), Health Care, Other (1.14%), Workers' Compensation/Personal Injury1 (1.14%), and Health Care, Management Service (0.69%).

RadNet Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
FONRFONAR$102.88B$25.94M
QGENQiagen$1.97B$458.80M
RDNTRadNet$1.62B$461.14M
SHCSotera Health Company$1.05B$285.47M
NEOGNeogen$924.22M$216.96M
MYGNMyriad Genetics$678.40M$191.90M
GTHGenetron$650.71M$201.32M
BNRBurning Rock Biotech$537.43M$125.62M
LMDXLumiraDx$254.48M$21.00M
OLKOlink AB (publ)$169.91M$28.59M
XGNExagen$52.55M$15.06M
BDSXBiodesix$49.09M$18.15M
ACRSAclaris Therapeutics$31.25M$4.35M
SERASera Prognostics$306.00K$24.00K

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 Q3 2024 was $461.14M, a 0.31% increase from the previous quarter (Q2 2024), and a 14.72% increase year-over-year (Q3 2023). The company'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). RDNT'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).

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 Software and Teleradiology, Workers' Compensation/Personal Injury1, Medicare1, Medicaid1, Health Care, Patient Service Other, Health Care, Other, Health Care, Management Service, Commercial Insurance1, and Capitation Arrangements. Software and Teleradiology generated $18.08M in revenue, accounting 1.13% of the company's total revenue, up 27.00% year-over-year. Workers' Compensation/Personal Injury1 generated $47.36M in revenue, accounting 2.95% of the company's total revenue, down -7.74% year-over-year. Medicare1 generated $363.86M in revenue, accounting 22.68% of the company's total revenue, up 16.95% year-over-year. Medicaid1 generated $43.18M in revenue, accounting 2.69% of the company's total revenue, up 12.79% 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. 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, Management Service generated $17.94M in revenue, accounting 1.12% of the company's total revenue, down -19.33% 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. Capitation Arrangements generated $153.43M in revenue, accounting 9.56% of the company's total revenue, up 0.91% 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.