Commercial Insurance was RadNet’s largest product and service line in fiscal 2025, bringing in $1.13B of $2.08B (54%).
| 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 |
RadNet brought in $2.08B from its nine product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 12.0% from $1.86B in fiscal 2024. Commercial Insurance was the largest at $1.13B (54.3%), ahead of Medicare at $476.99M (22.9%) and Revenue Under Capitation Arrangements at $125.54M (6.0%). The other six lines brought in $346.87M combined.
Compared with fiscal 2024, Other Revenue grew fastest, up 39.2% to $65.02M, while Revenue Under Capitation Arrangements fell the most, down 8.1% to $125.54M.
RadNet began breaking out Service Fee Revenue in fiscal 2023, when it brought in $20.20M. RadNet stopped reporting Patient Services, Net as a separate line after fiscal 2022, when it brought in $13.20M.
Imaging Centers was RadNet’s largest segment in fiscal 2025, bringing in $1.99B of $2.08B (96%).
| 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 |
RadNet brought in $2.08B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 12.0% from $1.86B in fiscal 2024. Imaging Centers was the largest at $1.99B (95.6%), ahead of Digital Health at $52.02M (2.5%) and Erad at $39.30M (1.9%).
Compared with fiscal 2024, Digital Health grew 39.3% to $52.02M and Imaging Centers grew 10.9% to $1.99B.
RadNet stopped reporting Total Revenue as a separate segment after fiscal 2022, when it brought in $1.41B.
United States was RadNet’s largest region in fiscal 2025, bringing in $2.01B of $2.04B (98%).
| 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 |
RadNet brought in $2.04B from its two regions in fiscal 2025, the year ended December 31, 2025. That was up 11.5% from $1.83B in fiscal 2024. United States was the largest at $2.01B (98.3%), ahead of Other Countries at $33.97M (1.7%).
RadNet stopped reporting United Kingdom as a separate region after fiscal 2022, when it brought in $4.43M.
RadNet (RDNT) reports its revenue by product and service, by segment and by geography. In fiscal 2025, Commercial Insurance was its largest product and service line, bringing in $1.13B (54.3% of the total), followed by Medicare at $476.99M (22.9%).
Commercial Insurance was RadNet's largest product and service line in fiscal 2025, bringing in $1.13B, or 54.3% of the $2.08B total across its nine product and service lines.
Imaging Centers was RadNet's largest segment in fiscal 2025, bringing in $1.99B, or 95.6% of the $2.08B total across its three segments.
United States was RadNet's largest region in fiscal 2025, bringing in $2.01B, or 98.3% of the $2.04B total across its two regions.
Among RadNet's product and service lines that make up at least 2% of revenue, Other Revenue grew fastest in fiscal 2025, up 39.2% from $46.72M to $65.02M.
Every figure comes from RadNet's annual financial filings, as reported. Each line keeps the name RadNet gives it, and years follow its fiscal calendar.
RadNet's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.