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RadNet’s $622.7 Million Quarter: Is AI Becoming The Hidden Catalyst?

RadNet, Inc. reported its second quarter 2026 financial results marked by strong growth and record performance across both its Imaging Center and Digital Health segments. The company’s total revenue increased by 25% year-over-year to $622.7 million, while adjusted EBITDA rose by 22.7% to $99.7 million. This broad-based growth was supported by higher procedural volumes, including a notable shift toward advanced imaging modalities such as MRI, CT, and PET/CT, which contributed to an increase in the advanced imaging mix from 27.5% to 29.9% of total procedural volume. The Imaging Center segment achieved a 17 basis point improvement in adjusted EBITDA margin to 16.1%, reflecting operational efficiencies and cost control efforts despite ongoing labor market pressures. The expansion of joint ventures with health systems also continues, exemplified by a multisite partnership with Trinity Health’s Saint Alphonsus Health System.