Commercial Insurance was RadNet’s largest product and service line in fiscal 2025, bringing in $1.13B of $2.04B (55%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Service Fee Revenue | — | — | — | — | ||||||
| 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 | — | — | — | — | ||||||
| Other Patient Revenue | — | — | — | — | ||||||
| Management Fee Revenue | $22.24M | $17.94M | $24.68M | $27.52M | ||||||
| Imaging On Call | — | — | — | — | ||||||
| Software & Teleradiology | — | — | — | — | ||||||
| Ai | — | — | — | — | ||||||
| Total | $1.43B | $1.62B | $1.83B | $2.04B |
RadNet brought in $2.04B from its eight product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 11.5% from $1.83B in fiscal 2024. Commercial Insurance was the largest at $1.13B (55.4%), ahead of Medicare at $476.99M (23.4%) and Revenue Under Capitation Arrangements at $125.54M (6.2%). The other five lines brought in $307.57M 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. From fiscal 2022 to 2025, combined revenue from these lines grew from $1.43B to $2.04B, a compound annual growth rate of 12.6%. Commercial Insurance's share of the total rose from 53.8% to 55.4%.
Imaging Centers was RadNet’s largest segment in fiscal 2025, bringing in $1.99B of $2.04B (97%).
| 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 | $38.06M | $49.58M | $65.71M | $92.69M | ||
| Ai | — | — | — | — | ||
| Elimination Of Intersegment Revenues | -$21.42M | -$23.51M | -$28.36M | -$40.67M | ||
| Total | $1.43B | $1.62B | $1.83B | $2.04B |
RadNet brought in $2.04B from its three segments in fiscal 2025, the year ended December 31, 2025. That was up 11.5% from $1.83B in fiscal 2024. Imaging Centers was the largest at $1.99B (97.5%), ahead of Digital Health at $92.69M (4.5%).
Compared with fiscal 2024, Digital Health grew 41.1% to $92.69M 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. The total is net of Elimination Of Intersegment Revenues, which took $40.67M off revenue in fiscal 2025.
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 (55.4% of the total), followed by Medicare at $476.99M (23.4%).
Commercial Insurance was RadNet's largest product and service line in fiscal 2025, bringing in $1.13B, or 55.4% of the $2.04B total across its eight product and service lines.
Imaging Centers was RadNet's largest segment in fiscal 2025, bringing in $1.99B, or 97.5% of the $2.04B 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.