RadNet Inc 2026年季度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission File Number 001-33307 RadNet, Inc.(Exact name of registrant as specified in its charter) 13-3326724 (I.R.S. EmployerIdentification No.) (310) 478-7808(Registrant’s telephone number, including area code) Not Applicable(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities and ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit and post such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”,and “emerging growth company” in Rule 12b-2 of the Exchange Act. Largeaccelerated filer☒Acceleratedfiler☐Non-accelerated filer☐Smallerreportingcompany☐Emerginggrowthcompany☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ The number of shares of the registrant’s common stock outstanding on May8, 2026 was 78,634,236 shares. Table of Contents RADNET, INC.TABLE OF CONTENTS PagePART I – FINANCIAL INFORMATION1ITEM 1. Financial Statements1Condensed Consolidated Balance Sheets atMarch 31, 2026and December 31, 20251Condensed Consolidated Statements of Operations for the ThreeMonths Ended March 31, 2026 and 20252Condensed Consolidated Statements of Comprehensive Loss for the ThreeMonths Ended March 31, 2026 and 20253Condensed Consolidated Statementsof Stockholders' Equity for the ThreeMonths Ended March 31, 2026 and 20254Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2026 and 20255Notes to Condensed Consolidated Financial Statements7ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations25ITEM 3. Quantitative and Qualitative Disclosures About Market Risk42ITEM 4. Controls and Procedures42PART II – OTHER INFORMATION44ITEM 1.Legal Proceedings44ITEM 1A.Risk Factors44ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds44ITEM 3.Defaults Upon Senior Securities44ITEM 4.Mine Safety Disclosures44ITEM 5.Other Information44ITEM 6.Exhibits44SIGNATURES46 RADNET, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(IN THOUSANDS EXCEPT SHARE AND PER SHARE DATA)(unaudited) RADNET, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(IN THOUSANDS)(unaudited) RADNET, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY(IN THOUSANDS EXCEPT SHARE DATA)(unaudited)The following table summarizes changes in the Company’s consolidated stockholders' equity, including noncontrolling interest, during the three months ended March31, 2026 and March31, 2025. RADNET, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(IN THOUSANDS)(unaudited) RADNET, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)(unaudited) Supplemental Schedule of Non-Cash Investing and Financing Activities We acquired equipment and certain leasehold improvements for approximately $68.9 million and $62.5 million during the threemonths ended March31, 2026 and 2025, respectively, which were not paid for as of March31, 2026 and 2025,respectively. The amounts duewere recorded in our condensed consolidated balance sheet under accounts payable, accrued expenses and other. During the three months ended March31, 2026, we acquired certain assets from entities engaged in the practice of radiology or relatedbusinesses. These acquisitions included contingent consideration and holdbacks totaling $9.0 million that we had not paid for as of March31,2026. The accrued amounts are reflected in our condensed consolidated balance sheets under accrued expenses and other non-current liabilities. RADNET, INC. AND SUBSIDIARIESNOTES TO C