FONAR Corporation

FONAR Corporation reported Q2 2026 results with total revenues of $25.5 million and net income attributable to FONAR of $2.1 million. The company generated $1.9 million in operating cash flow but experienced a net decrease in cash of $3.4 million due to $2.8 million used in investing activities (primarily property and equipment purchases) and $2.5 million used in financing activities (including treasury stock purchases and distributions to noncontrolling interests). Key revenue drivers included management and other fees ($12.9 million), patient fee revenue ($7.3 million), and service and repair fees ($2.2 million). The balance sheet shows strong liquidity with $53.0 million in cash and cash equivalents and total assets of $217.2 million, though noncontrolling interests represent a negative $14.1 million equity position.

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