Commercial Insurance was the largest of RadNet, Inc.’s 9 reported lines in fiscal 2025, at $1.13B — 54% of $2.08B.
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Commercial Insurance | $769.75M | $879.79M | $1.02B | $1.13B | ||||||
| Medicare | $305.03M | $356.51M | $410.07M | $476.99M | ||||||
| Revenue Under Capitation Arrangements | $152.05M | $153.43M | $136.58M | $125.54M | ||||||
| Capitation Arrangements | — | — | — | — | ||||||
| Other Payors | $65.91M | $87.68M | $104.89M | $118.60M | ||||||
| Workers' Compensation/Personal Injury | $50.33M | $46.41M | $43.67M | $44.70M | ||||||
| Medicaid | $37.53M | $42.30M | $44.74M | $51.74M | ||||||
| Other Revenue | $27.22M | $32.58M | $46.72M | $65.02M | ||||||
| Other | — | — | — | — | ||||||
| Service Fee Revenue | — | $20.20M | $27.80M | $39.30M | ||||||
| Other Patient Revenue | — | — | — | — | ||||||
| Imaging On Call | — | — | — | — | ||||||
| Management Fee Revenue | $22.24M | $17.94M | $24.68M | $27.52M | ||||||
| Investment Advisory, Management & Administrative Service | — | — | — | — | ||||||
| Software & Teleradiology | — | — | — | — | ||||||
| Patient Services, Net | $13.20M | — | — | — | ||||||
| Net Service Fee Revenue | — | — | — | — | ||||||
| Ai | — | — | — | — | ||||||
| Total | $1.44B | $1.64B | $1.86B | $2.08B |
In fiscal 2025, which ended December 31, 2025, the 9 revenue lines RadNet, Inc. reported in this breakdown added up to $2.08B. That was up 12.0% from $1.86B in fiscal 2024. Commercial Insurance was the largest revenue line, at $1.13B or 54.3% of the total, followed by Medicare ($476.99M, 22.9%) and Revenue Under Capitation Arrangements ($125.54M, 6.0%). Together, the two largest revenue lines made up 77.3% of this total.
Compared with fiscal 2024, Other Revenue grew the fastest, rising 39.2% to $65.02M. Revenue Under Capitation Arrangements fell the most, down 8.1% to $125.54M.
Service Fee Revenue was first reported as a separate revenue line in fiscal 2023. The table also keeps 9 revenue lines that RadNet, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 9 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2016 to 2025, as reported in RadNet, Inc.'s annual filings.
Imaging Centers was the largest of RadNet, Inc.’s 3 reported lines in fiscal 2025, at $1.99B — 96% of $2.08B.
| Segment | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Imaging Centers | — | $1.59B | $1.79B | $1.99B | ||
| Total Revenue | $1.41B | — | — | — | ||
| Digital Health | $16.64M | $26.07M | $37.35M | $52.02M | ||
| Erad | $13.20M | $20.20M | $27.80M | $39.30M | ||
| Ai | — | — | — | — | ||
| Total | $1.44B | $1.64B | $1.86B | $2.08B |
In fiscal 2025, which ended December 31, 2025, the 3 segments RadNet, Inc. reported in this breakdown added up to $2.08B. That was up 12.0% from $1.86B in fiscal 2024. Imaging Centers was the largest segment, at $1.99B or 95.6% of the total, followed by Digital Health ($52.02M, 2.5%) and Erad ($39.30M, 1.9%). Together, the two largest segments made up 98.1% of this total.
Compared with fiscal 2024, Digital Health grew the fastest, rising 39.3% to $52.02M.
The table also keeps 2 segments that RadNet, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 2 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2020 to 2025, as reported in RadNet, Inc.'s annual filings.
United States was the largest of RadNet, Inc.’s 2 reported lines in fiscal 2025, at $2.01B — 98% of $2.04B.
| Geography | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| United States | $1.42B | $1.60B | $1.80B | $2.01B |
| Other Countries | $2.40M | $16.89M | $27.24M | $33.97M |
| United Kingdom | $4.43M | — | — | — |
| Total | $1.43B | $1.62B | $1.83B | $2.04B |
In fiscal 2025, which ended December 31, 2025, the 2 regions RadNet, Inc. reported in this breakdown added up to $2.04B. That was up 11.5% from $1.83B in fiscal 2024. United States was the largest region, at $2.01B or 98.3% of the total, followed by Other Countries ($33.97M, 1.7%).
The table also keeps 1 region that RadNet, Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 1 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2022 to 2025, as reported in RadNet, Inc.'s annual filings.
RadNet, Inc. (RDNT) breaks its revenue down by revenue line, segment and region. In fiscal 2025, its largest revenue line was Commercial Insurance, with $1.13B or 54.3% of the total, followed by Medicare at $476.99M (22.9%).
Commercial Insurance was RadNet, Inc.'s largest revenue line in fiscal 2025, with $1.13B in revenue, 54.3% of the $2.08B reported across its 9 revenue lines.
Imaging Centers was RadNet, Inc.'s largest segment in fiscal 2025, with $1.99B in revenue, 95.6% of the $2.08B reported across its 3 segments.
United States was RadNet, Inc.'s largest region in fiscal 2025, with $2.01B in revenue, 98.3% of the $2.04B reported across its 2 regions.
Of the RadNet, Inc. revenue lines reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Other Revenue grew the fastest, rising 39.2% from $46.72M to $65.02M.
Every figure is taken from RadNet, Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by revenue line covers fiscal 2016 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.