RadNet, Inc. (RDNT) reported mixed first-quarter 2026 results. The company achieved record revenue and adjusted EBITDA growth but missed earnings per share (EPS) expectations. Shares fell 3.76% in after-hours trading.
Total revenue increased 22.1% year-over-year, driven by both imaging center and digital health segments. The digital health segment, boosted by acquisitions like iCAD and Gleamer, grew 51.5%. Market capitalization stands at $4.12 billion, with trailing twelve-month revenue of $2.14 billion.
EPS of -$0.28 fell short of the expected -$0.15, a negative surprise of 86.67%. However, revenue exceeded forecasts.
After-hours trading saw shares drop to $56. Currently at $52.39, the stock is just 3% above its 52-week low and 39% below the high.
CEO Howard Berger noted that strategic acquisitions and digital health innovations are driving value for stakeholders.
Analysts inquired about the impact of recent acquisitions and strategies to mitigate weather-related disruptions.
RadNet projects annual recurring revenue (ARR) to exceed $114 million by end of 2026. Wall Street analysts have price targets ranging from $70 to $100, implying a potential 56% upside.
