LMRI · NASDAQ · Medical - Devices

Lumexa Imaging

Outpatient imaging network with radiologist interpretation and health-system partnerships.

$11.74
After-hours close+0.25 (+2.18%)
At close$11.49(−2.05%)
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Profile

Lumexa Imaging Holdings, Inc. Common StockLMRIHealth Care

Provides outpatient diagnostic imaging and radiologist interpretations through locally branded centers, health-system joint ventures and professional-services relationships. Revenue is earned per scan and read, supported by centralized scheduling and authorization plus the Connexia teleradiology network.

Operates an outpatient diagnostic-imaging network through its Outpatient Imaging Center and Professional Services businesses. The first provides MRI, CT, PET, X-ray, ultrasound and mammography, along with radiologist interpretations, from locally branded freestanding centers; the second reads studies for third parties, primarily hospital imaging departments.

Builds regional networks across multiple U.S. markets through health-system joint ventures, acquired platforms and de novo sites, while centralizing scheduling, authorization, technology, procurement, sales and management support. Connexia routes studies to subspecialized radiologists for remote interpretation, supplementing independent radiology practices.

Payment is generally tied to scans and interpretations at government-set or negotiated insurer rates. Operations depend on provider referrals, radiologist and technologist capacity, payor network status and reimbursement, joint-venture governance, clinical regulation, and third-party systems that handle images, scheduling, billing and AI-supported workflows.

Company facts

CEOCaitlin Zulla
ListedDec 11, 2025
ExchangeNASDAQ
HeadquartersRaleigh, NC
CountryUnited States
Employees5,019
CIK0002071288
ISINUS5502491062

Key statistics

Market cap$1.11B
EPS (ttm)−$0.3325
P/E (ttm)−34.62
ROE-6.5%
P/B1.80
P/S1.07
Dividend yield
Beta1.71vs XLV 1.08

Year to date −34.5% · Average volume (30d) 463.0K

Analysts

Price target, next 12 months$14.50+26.0%Median of 2 analysts · vs the Aug 28 close
ConsensusStrong Buy2 of 2 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionRatingPrior targetTarget
Aug 28, 2026BarclaysReiterateOverweight$9$13
Aug 13, 2026Deutsche BankTarget$16
May 20, 2026BarclaysTarget$9

Earnings

EPS

Estimate$0.20
ReportedDue Nov 11, 2026

Revenue

Estimate$270.2M
ReportedDue Nov 11, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 12, 2026Q2 FY26$0.15$0.20+34.9%$263.1M$264.2M+0.4%+4.01%
May 12, 2026Q1 FY26$0.12$0.18+50.0%$249.5M$252.5M+1.2%−23.33%
Mar 26, 2026Q4 FY25$0.05−$0.38−860.0%$261.2M$267.7M+2.5%+0.39%
Dec 3, 2025$0.05−$0.03−176.8%$261.2M$260.1M−0.4%
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Financial highlights

5 quartersQ4 FY24Q1 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$248.0M$245.0M$267.7M$252.5M$264.2M
Gross profit$21.6M$36.6M$29.7M$24.9M$28.8M
Operating income$15.3M$10.1M−$7.5M$4.5M$4.4M
Net income−$25.1M−$7.7M−$28.7M$1.7M$2.7M
Diluted EPS−$0.26−$0.08−$0.38$0.02$0.03
Gross margin8.7%14.9%11.1%9.8%10.9%
Operating margin6.1%4.1%-2.8%1.8%1.7%

Revenue by product · Q2 FY26

Health Care, Patient Service$194.9M · 96%
Investment Advisory, Management And Administrative Service$8.7M · 4%

Balance sheet, Jun 30, 2026Cash & short-term investments $69.7M · Total debt $975.4M · Total assets $1.81B · Shareholders' equity $615.1M

Dividends

No dividends on record.

Ownership

Institutions 33.25%Insiders

Shares outstanding 96.08M · Float 95.68M · 99.6% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Welsh, Carson, Anderson & Stowe XII, L.P.70.22M74.30%13GFeb 13, 2026
Brown Advisory Inc5.84M6.08%13GAug 14, 2026
AllianceBernstein L.P.2.98M3.10%13FMay 15, 2026
Massachusetts Financial Services Co /MA/2.33M2.43%13FMay 14, 2026
Janus Henderson Group PLC2.10M2.19%13FMay 18, 2026

Insider tradesForm 4

Nothing filed in the last 12 months.

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Peers

  • RadNet

    Largest direct rival in U.S. outpatient diagnostic imaging.

  • HCA Healthcare

    Large hospital network with diagnostic and freestanding imaging sites.

  • Tenet Healthcare

    Hospital and ambulatory network with imaging centers and outpatient sites.

CompareAfter-hours close

CompanyPriceChange
Lumexa Imaging$11.74+2.18%$1.11B14.61.1
RadNet$74.61−0.05%$5.87B110.42.6+25.0%
HCA Healthcare$417.82−0.00%$90.46B14.013.61.2+8.7%
Tenet Healthcare$266.80−0.05%$21.48B10.313.01.0+6.8%
Median12.113.61.2+8.7%