XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUE    
Total service revenue $ 471,399 $ 431,707
OPERATING EXPENSES    
Cost of operations, excluding depreciation and amortization 453,480 387,589
Lease abandonment charges 5,388 0
Depreciation and amortization 35,483 32,368
Loss on sale and disposal of equipment and other 402 186
Severance costs 747 225
Total operating expenses 495,500 420,368
(LOSS) INCOME FROM OPERATIONS (24,101) 11,339
OTHER INCOME AND EXPENSES    
Interest expense 17,239 16,267
Equity in earnings of joint ventures (2,599) (4,324)
Non-cash change in fair value of interest rate swap $ 2,106 $ (1,216)
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration] Other income Other income
Other income $ (7,712) $ (2,934)
Total other expenses 9,034 7,793
(LOSS) INCOME BEFORE INCOME TAXES (33,135) 3,546
Benefit from income taxes 3,398 1,864
NET (LOSS) INCOME (29,737) 5,410
Net income attributable to noncontrolling interest 8,189 8,189
NET LOSS ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ (37,926) $ (2,779)
BASIC NET LOSS PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ (0.51) $ (0.04)
DILUTED NET LOSS PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ (0.51) $ (0.04)
WEIGHTED AVERAGE SHARES OUTSTANDING    
Basic (in shares) 74,382,356 69,307,078
Diluted (in shares) 74,382,356 69,307,078
Service fee revenue    
REVENUE    
Total service revenue $ 439,349 $ 397,189
Revenue under capitation arrangements    
REVENUE    
Total service revenue $ 32,050 $ 34,518