RDNT Q2 2024 Earnings — RadNet, Inc. Revenue & Financial Results | Market Cap Arena

RDNTRadNet, Inc.

$5B

Q2 2024 Earnings

Healthcare Medical - Diagnostics & Research

Income Statement

Revenue

$460M+13.9% YoY

Gross Profit

$70M15.2% margin

Operating Income

$35M7.6% margin

Net Income

-$3M-0.6% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

+6.5%

Cash Flow

Operating Cash Flow

$116M

Free Cash Flow

$69M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$2.1B

Stockholders' Equity

$881M

Cash & Equivalents

$742M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$460M	$404M	+13.9%
Gross Profit	$70M	$59M	+19.5%
Operating Income	$35M	$24M	+42.6%
Net Income	-$3M	$8M	-135.6%

Revenue Segments

Service

$460M51%

Commercial Insurance1

$257M29%

Medicare1

$102M11%

Capitation Arrangements

$37M4%

Health Care, Patient Service Other

$12M1%

Medicaid1

$11M1%

Workers' Compensation/Personal Injury1

$11M1%

Health Care, Management Service

$6M1%

Health Care, Other

$4M0%