Lumexa Imaging turns profit in Q2 after previous losses
Radiology provider Lumexa Imaging turned a profit in the second quarter after previously operating in the red a year ago.
The Raleigh, North Carolina-based company—previously known as US Radiology Specialists—on Wednesday reported financial results for the three months ending June 30. Lumexa logged consolidated revenues of over $264.2 million, up more than 5.1% from the same period in 2025.
The imaging group tallied net income of $2.7 million in Q2, an improvement over the $7.2 million net loss seen in the same period last year. CEO Caitlin Zulla touted highlights so far this year including opening four new imaging centers and inking a joint venture with the Hospital for Special Surgery (its second in the last 12 months).
"During the second quarter, we continued to build on our momentum, delivering strong same-center growth, expanding our mix of advanced imaging and ramping new centers,” Zulla said in a statement Aug. 12.
"With a large and growing addressable market and durable demand tailwinds, we believe Lumexa Imaging is well-positioned to deliver sustained, profitable growth while expanding access to high-quality, lower-cost imaging for patients, providers and payers,” she added.
Lumexa also previously reported $1.7 million in net income for Q1 of 2026 and a net loss of $28.7 million in the fourth quarter of last year. Previously controlled by private equity firm Welsh, Carson, Anderson & Stowe, Lumexa debuted as a publicly traded company in 2025 following a successful $463 million IPO.
In other Q2 results, consolidated advanced outpatient volumes grew 6.8% or 6.3% systemwide. Same-center advanced outpatient volumes leapt 5.2% or 4.9% systemwide. Adjusted earnings—before interest, taxes, depreciation and amortization—were $56.4 million, up slightly from $56.3 million last year. This added up to an adjusted earnings margin of 21.4% as compared to 22.4% in Q2 of 2025. Lumexa also reiterated its fiscal guidance for 2026, with full-year adjusted earnings forecasted at around $238 million.
Lumexa was founded in 2018 and today employes over 5,000 team members, handling 4 million procedures across 190 outpatient imaging centers.
Marty Stempniak has covered healthcare since 2012, with his byline appearing in the American Hospital Association's member magazine, Modern Healthcare and McKnight's. Prior to that, he wrote about village government and local business for his hometown newspaper in Oak Park, Illinois. He won a Peter Lisagor and Gold EXCEL awards in 2017 for his coverage of the opioid epidemic.