RadNet (RDNT)
Operates outpatient imaging centers and sells DeepHealth radiology software and clinical AI.
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Operates fixed-site outpatient imaging centers that earn fees for MRI, CT, PET, mammography and other scans, while DeepHealth sells radiology software, remote-scanning tools and clinical AI. Revenue remains dominated by the U.S. center network and depends on physician referrals and third-party reimbursement.
Runs the Imaging Centers segment, a U.S. network of 442 fixed-site outpatient centers offering MRI, CT, PET, mammography, ultrasound, X-ray, nuclear medicine and fluoroscopy. Builds density in regional markets through acquisitions, new sites and health-system joint ventures; multimodality locations broaden referral coverage and improve equipment use. Scan volume and service mix drive revenue, with advanced imaging generally carrying higher margins than routine exams.
Sells Digital Health products under DeepHealth, including RIS/PACS, DeepHealth OS, clinical AI, reporting and remote-scanning tools, to its own network and outside hospitals, health systems and imaging providers worldwide. The segment expanded into routine and acute-care imaging through Gleamer. Operations depend on physician referrals, commercial and government reimbursement, qualified radiologists and technologists, and continuing investment in imaging equipment and regulated clinical software.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 20, 2026 | Barclays | Reiterate | Rating: —Target: $79 | Target: $65 |
| Mar 3, 2026 | Jefferies | Target | Target: $100 | Target: $91 |
| Jan 9, 2026 | UBS | Target | Target: — | Target: $92 |
| Jan 8, 2026 | KeyBanc | Target | Target: — | Target: $92 |
| Dec 17, 2025 | Truist Financial | Target | Target: $81 | Target: $90 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $726.3M · Total debt $2.18B · Total assets $4.23B · Shareholders' equity $1.10B
- Revenue
- $622.7M
- Operating income
- $39.5M
- Net income
- $7.5M
No dividends on record.
| Institutions | 104.41% | 82.17M shares | |
|---|---|---|---|
| 336 holders · as of Jun 30, 2026 | |||
| Insiders | 3.00% | 2.36M shares | |
| 13 holders · as of Jun 22, 2026 | |||
| Adds to | 107.41% | ||
78.70M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 107.41%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 13.92% | 10.96M | as of Jun 30, 2026 |
RTW Investments, LPInstitution | 6.16% | 4.85M | as of Jun 30, 2026 |
Price T Rowe Associates Inc /MD/Institution | 5.72% | 4.50M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.17% | 4.07M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.06% | 3.19M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 18, 2026 | David L. Swartz | director | −2,699 | $53.89 |
| Jun 16, 2026 | Cornelis Wesdorp | officer: Pres & CEO, Digital Health | −4,750 | $58.11 |
| Jun 15, 2026 | Stephen M. Forthuber | officer: Pres & CEO-Eastern Operations | −44,067 | $58.16 |
| Mar 19, 2026 | Alma Gregory Sorensen | director, officer: Chief Strategy Officer | −15,000 | $62.20 |
| Mar 18, 2026 | Alma Gregory Sorensen | director, officer: Chief Strategy Officer | −15,000 | $62.15 |
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Largest US hospital; hospital-owned outpatient imaging competes for volume
- Philips (ADR)
Dutch health-tech giant; IntelliSpace AI informatics competes with DeepHealth OS
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| RadNet | $74.13 | +2.00% | $5.71B | — | 130.5 | 2.5 | +25.0% |
| GE HealthCare | $66.50 | +2.61% | $29.27B | 18.8 | 12.8 | 1.4 | +5.8% |
| HCA Healthcare | $434.07 | +1.90% | $92.22B | 14.3 | 14.2 | 1.2 | +8.7% |
| Philips (ADR) | $24.97 | +0.26% | $24.34B | 18.7 | 13.0 | 1.2 | −2.8% |
| Median | 18.7 | 13.0 | 1.2 | +5.8% |