FONAR Corporation(FONR)Earnings, Financials & Key Ratios

FONR•NASDAQ

$18.88

$124M mkt cap·15.3× P/E·Price updated May 6, 2026

SectorHealthcare IndustryMedical Devices Sub-IndustryImaging, radiation, and oncology devices

AboutFONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates through two segments, Medical Equipment segment, and Physician Management and Diagnostic services segment. It provides Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. The company offers non-medical management, including administrative services, billing and collection services, credentialing services, contract negotiations, compliance consulting, purchasing IT services, hiring, conducting interviews, training, supervision and management of non-medical personnel, storage of medical records, office space, equipment, repair maintenance services, accounting, assistance with compliance matters and the development and implementation of practice growth and marketing strategies. The company owns and operates 5 diagnostic imaging facilities in Florida; and manages 39 MRI scanning facilities, including 25 facilities located in New York and 14 situated in Florida. It markets its scanners to private diagnostic imaging centers and hospitals. The company was incorporated in 1978 and is based in Melville, New York.Show more

Revenue$104M+1.4%
EBITDA$16M-22.9%
Net Income$8M-21.1%
EPS (Diluted)1.23-19.6%
Gross Margin81.67%+86.1%
EBITDA Margin15.62%-24.0%
Operating Margin11.12%-30.8%
Net Margin7.99%-22.2%
ROE5.26%-23.4%
ROIC6.11%-31.4%
Debt/Equity0.24-8.6%
Interest Coverage452.88+110.9%

Technical→

FONR Key Insights

FONAR Corporation (FONR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 10.4%
✓Trading near 52-week high
✓Trading at only 0.8x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

FONR Price & Volume

FONAR Corporation (FONR) stock price & volume — 10-year historical chart

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FONR Growth Metrics

FONAR Corporation (FONR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years4.22%

5 Years4.02%

3 Years2.26%

TTM4.39%

Profit CAGR

10 Years-4.28%

5 Years0.23%

3 Years-12.5%

TTM-3.16%

EPS CAGR

10 Years-4.5%

5 Years-6.81%

3 Years-11.09%

TTM0%

Return on Capital

10 Years14.51%

5 Years9.08%

3 Years7.52%

Last Year5.86%

FONR Recent Earnings

FONAR Corporation (FONR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

Q1 2026Latest

Feb 13, 2026

EPS

$0.31

Revenue

$26M

Q4 2025

Nov 10, 2025

EPS

$0.34

Revenue

$26M

Q4 2025

Sep 22, 2025

EPS

$0.11

Revenue

$27M

Q2 2025

May 15, 2025

EPS

$0.37

Revenue

$27M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 13, 2026	$0.31	$26M
Q4 2025	Nov 10, 2025	$0.34	$26M
Q4 2025	Sep 22, 2025	$0.11	$27M
Q2 2025	May 15, 2025	$0.37	$27M

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
AEYEAudioEye, Inc.Direct Competitor	95.09M	7.66	-30.64	14.52%	-7.63%	-47.8%	0.15
IMXIInternational Money Express, Inc.Direct Competitor	476.99M	15.85	14.68	-20.96%	6.28%	22.07%	1.34
GEHCGE HealthCare Technologies Inc.Product Competitor	28.08B	61.74	13.57	4.84%	7.54%	14.45%	0.94
PHGKoninklijke Philips N.V.Product Competitor	25.9B	27.23	24.95	-1.04%	5.02%	8.19%	0.74
NNOXNano-X Imaging Ltd.Product Competitor	117.04M	1.79	-1.97	13.91%	-452.82%	-35.55%	0.04
PRDOPerdoceo Education CorporationProduct Competitor	2.14B	34.11	14.10	24.2%	18.9%	16.3%	0.11
SMSISmith Micro Software, Inc.Product Competitor	17.96M	0.87	-0.60	-15.53%	-165.35%	-141.94%	0.13
RDNTRadNet, Inc.Supply Chain	4.54B	58.64	-234.56	11.51%	2.29%	3.75%	1.37

Compare FONR vs Peers

FONAR Corporation (FONR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AEYE

Most directly comparable listed peer for FONR.

Scale Benchmark

vs ISRG

Larger-name benchmark to compare FONR against a more recognizable public peer.

Peer Set

Compare Top 5

vs AEYE, IMXI, GEHC, PHG

FONR Income Statement

FONAR Corporation (FONR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Jun'17	Jun'18	Jun'19	Jun'20	Jun'21	Jun'22	Jun'23	Jun'24	Jun'25	TTM
Sales/Revenue	78.04M	81.52M	87.19M	85.69M	89.93M	97.59M	98.65M	102.88M	104.35M	106.03M
Revenue Growth %	6.36%	4.46%	6.96%	-1.72%	4.95%	8.52%	1.08%	4.3%	1.43%	4.39%
Cost of Goods Sold	38.05M	41.95M	43.98M	43.3M	46.46M	50.58M	52.9M	57.74M	19.13M	62.77M
COGS % of Revenue	48.76%	51.46%	50.45%	50.53%	51.66%	51.83%	53.62%	56.13%	18.33%	-
Gross Profit	39.98M▲ 0%	39.57M▼ 1.0%	43.21M▲ 9.2%	42.39M▼ 1.9%	43.47M▲ 2.5%	47.01M▲ 8.1%	45.75M▼ 2.7%	45.14M▼ 1.3%	85.22M▲ 88.8%	43.26M▲ 0%
Gross Margin %	51.24%	48.54%	49.55%	49.47%	48.34%	48.17%	46.38%	43.87%	81.67%	40.8%
Gross Profit Growth %	15.91%	-1.05%	9.21%	-1.89%	2.55%	8.14%	-2.69%	-1.33%	88.79%	-
Operating Expenses	20.89M	19.88M	21.07M	28.74M	26.38M	25.01M	30.96M	28.6M	73.62M	32.51M
OpEx % of Revenue	26.77%	24.39%	24.17%	33.54%	29.33%	25.62%	31.38%	27.8%	70.55%	-
Selling, General & Admin	19.41M	18.13M	19.26M	0	0	0	29.39M	0	29.73M	21.04M
SG&A % of Revenue	24.87%	22.24%	22.09%	-	-	-	29.79%	-	28.49%	-
Research & Development	1.48M	1.76M	1.81M	2.03M	1.64M	1.49M	1.57M	1.74M	1.58M	1.79M
R&D % of Revenue	1.9%	2.15%	2.08%	2.36%	1.82%	1.53%	1.59%	1.69%	1.51%	-
Other Operating Expenses	-1.16K	-4.27K	1.06K	26.72M	24.74M	23.51M	0	26.87M	42.31M	1000K
Operating Income	19.1M▲ 0%	19.68M▲ 3.1%	22.13M▲ 12.4%	13.65M▼ 38.3%	17.1M▲ 25.2%	22.01M▲ 28.7%	14.79M▼ 32.8%	16.54M▲ 11.8%	11.6M▼ 29.9%	10.75M▲ 0%
Operating Margin %	24.47%	24.15%	25.39%	15.93%	19.01%	22.55%	14.99%	16.07%	11.12%	10.14%
Operating Income Growth %	33.02%	3.08%	12.45%	-38.33%	25.25%	28.71%	-32.8%	11.81%	-29.85%	-
EBITDA	22.63M	23.58M	25.97M	17.56M	21.18M	26.54M	23.59M	21.13M	16.3M	15.4M
EBITDA Margin %	29%	28.93%	29.79%	20.49%	23.55%	27.2%	23.92%	20.54%	15.62%	14.52%
EBITDA Growth %	28.19%	4.22%	10.12%	-32.39%	20.61%	25.32%	-11.11%	-10.44%	-22.88%	-7.24%
D&A (Non-Cash Add-back)	3.53M	3.9M	3.84M	3.91M	4.08M	4.54M	8.8M	4.6M	4.7M	4.65M
EBIT	19.1M	19.68M	22.62M	13.65M	17.1M	22.01M	15.81M	16.54M	11.6M	11.71M
Net Interest Income	28.3K	-160.07K	383.94K	427.82K	-248.66K	-346.55K	-50.13K	-77K	2.15M	1.88M
Interest Income	28.3K	0	482.57K	502.14K	0	0	0	0	2.17M	1.9M
Interest Expense	0	160.07K	98.64K	74.32K	248.66K	346.55K	50.13K	77K	25.61K	16.61K
Other Income/Expense	220.28K	98.22K	385K	498.6K	567.72K	761.69K	969.33K	2.73M	2.18M	1.94M
Pretax Income	19.32M▲ 0%	19.78M▲ 2.4%	22.52M▲ 13.8%	14.15M▼ 37.2%	17.67M▲ 24.8%	22.77M▲ 28.9%	15.76M▼ 30.8%	19.27M▲ 22.3%	13.78M▼ 28.5%	12.69M▲ 0%
Pretax Margin %	24.75%	24.27%	25.83%	16.51%	19.64%	23.33%	15.97%	18.73%	13.21%	11.97%
Income Tax	-4.36M	-5.67M	2.01M	2.44M	3.99M	5.53M	3.63M	5.17M	3.11M	3.01M
Effective Tax Rate %	-22.58%	-28.66%	8.91%	17.28%	22.6%	24.31%	23.05%	26.83%	22.55%	23.72%
Net Income	19.62M▲ 0%	21.23M▲ 8.2%	15.32M▼ 27.9%	8.24M▼ 46.2%	10.21M▲ 23.9%	12.44M▲ 21.9%	9.38M▼ 24.6%	10.57M▲ 12.7%	8.33M▼ 21.1%	7.56M▲ 0%
Net Margin %	25.14%	26.05%	17.57%	9.62%	11.35%	12.75%	9.5%	10.27%	7.99%	7.13%
Net Income Growth %	24.78%	8.21%	-27.85%	-46.2%	23.88%	21.88%	-24.64%	12.71%	-21.13%	-3.16%
Net Income (Continuing)	23.68M	25.45M	20.51M	11.7M	13.67M	17.23M	12.13M	14.1M	10.67M	9.68M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	5.47M	3.56M	2.16M	55.25K	-3.05M	-4.05M	-7.08M	-9.18M	-12.5M	0
EPS (Diluted)	2.92▲ 0%	3.31▲ 13.4%	3.11▼ 6.0%	1.75▼ 43.7%	1.45▼ 17.1%	1.75▲ 20.7%	1.32▼ 24.6%	1.53▲ 15.9%	1.23▼ 19.6%	1.18▲ 0%
EPS Growth %	22.69%	13.36%	-6.04%	-43.73%	-17.14%	20.69%	-24.57%	15.91%	-19.61%	0%
EPS (Basic)	2.98	3.38	3.18	1.79	1.47	1.78	1.35	1.56	1.26	-
Diluted Shares Outstanding	6.67M	6.42M	6.59M	6.68M	6.74M	6.68M	6.77M	6.48M	6.55M	6.4M
Basic Shares Outstanding	6.54M	6.29M	6.46M	6.55M	6.61M	6.55M	6.65M	6.35M	6.32M	6.28M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

FONR Balance Sheet

FONAR Corporation (FONR) balance sheet — assets, liabilities & shareholders' equity

Line item	Jun'17	Jun'18	Jun'19	Jun'20	Jun'21	Jun'22	Jun'23	Jun'24	Jun'25	TTM
Total Current Assets	53.41M	67.06M	85.09M	95.89M	108.58M	118.69M	125.66M	140.32M	144.67M	143.71M
Cash & Short-Term Investments	10.14M	19.66M	28.98M	36.83M	44.49M	48.76M	51.31M	56.48M	56.45M	53.1M
Cash Only	10.14M	19.66M	13.88M	36.8M	44.46M	48.72M	51.28M	56.34M	56.33M	52.98M
Short-Term Investments	0	0	15.09M	31.88K	32.18K	32.33K	32.8K	136.1K	120.49K	121K
Accounts Receivable	40.36M	44.65M	52.8M	55.65M	61.2M	66.47M	70.17M	79.85M	82.94M	4.75M
Days Sales Outstanding	188.76	199.92	221.03	237.04	248.39	248.59	259.64	283.27	290.12	218.42
Inventory	1.62M	1.43M	1.8M	1.65M	1.66M	2.36M	2.57M	2.72M	2.81M	2.75M
Days Inventory Outstanding	15.58	12.45	14.92	13.9	13.07	17.03	17.73	17.16	53.66	16.02
Other Current Assets	0	0	0	0	0	0	0	1.29M	2.46M	83.11M
Total Non-Current Assets	45.35M	51.25M	48.47M	84.37M	80.92M	80.66M	74.92M	73.92M	72.24M	73.51M
Property, Plant & Equipment	16.46M	16.49M	16.99M	54.08M	53.11M	57.44M	55.94M	57.67M	54.04M	55.16M
Fixed Asset Turnover	4.74x	4.94x	5.13x	1.58x	1.69x	1.70x	1.76x	1.78x	1.93x	1.92x
Goodwill	3.93M	3.99M	3.99M	3.99M	4.27M	4.27M	4.27M	4.27M	4.27M	4.27M
Intangible Assets	6.64M	5.6M	4.76M	4.11M	4.04M	3.7M	3.43M	2.87M	2.99M	3.03M
Long-Term Investments	16.55K	1.2M	600K	2.73M	0	1.87M	710.09K	0	0	0
Other Non-Current Assets	436.41K	1.28M	1.21M	653.13K	3.55M	526.27K	523.51K	1.89M	4.58M	25.35M
Total Assets	98.76M▲ 0%	118.31M▲ 19.8%	133.56M▲ 12.9%	180.26M▲ 35.0%	189.51M▲ 5.1%	199.34M▲ 5.2%	200.58M▲ 0.6%	214.25M▲ 6.8%	216.91M▲ 1.2%	217.22M▲ 0%
Asset Turnover	0.79x	0.69x	0.65x	0.48x	0.47x	0.49x	0.49x	0.48x	0.48x	0.49x
Asset Growth %	16.35%	19.79%	12.89%	34.96%	5.13%	5.19%	0.62%	6.81%	1.24%	11.08%
Total Current Liabilities	14.24M	14.57M	14.09M	18.66M	20.05M	16.75M	15.62M	17.86M	17.12M	14.37M
Accounts Payable	1.42M	1.3M	1.86M	1.97M	1.87M	1.55M	1.58M	1.86M	1.3M	1.91M
Days Payables Outstanding	13.65	11.31	15.45	16.57	14.66	11.19	10.9	11.73	24.85	10.12
Short-Term Debt	180.09K	38.33K	40.53K	3.55M	173.21K	40.08K	43.77K	47K	0	3.99M
Deferred Revenue (Current)	5.43M	5.05M	4.61M	4.96M	5.11M	4.65M	4.43M	4.31M	5.22M	14.71M
Other Current Liabilities	6.85M	5.6M	4.48M	248.31K	2.36M	1.24M	1.03M	1.6M	1.89M	5.9M
Current Ratio	3.75x	4.60x	6.04x	5.14x	5.42x	7.09x	8.04x	7.86x	8.45x	8.45x
Quick Ratio	3.64x	4.51x	5.91x	5.05x	5.33x	6.95x	7.88x	7.71x	8.28x	8.28x
Cash Conversion Cycle	190.69	201.07	220.51	234.37	246.8	254.42	266.48	288.7	318.94	224.33
Total Non-Current Liabilities	1.62M	1.51M	1.36M	35.35M	34.09M	36.36M	34.13M	39.6M	39.68M	36.13M
Long-Term Debt	336.76K	306.04K	273.11K	865.42K	760.25K	155.38K	115.08K	66.94K	0	35.81M
Capital Lease Obligations	0	0	0	31.36M	30.02M	33.93M	32.73M	37.86M	35.29M	107.54M
Deferred Tax Liabilities	331.53K	239.01K	243.27K	234.11K	238.32K	215.73K	394.76K	371.56K	321.16K	1.33M
Other Non-Current Liabilities	948.32K	964.73K	841.79K	242.97K	263.99K	199.2K	134.41K	124.69K	265.52K	-35.1M
Total Liabilities	15.85M	16.08M	15.45M	54.02M	54.14M	53.11M	49.75M	57.46M	56.8M	39.99M
Total Debt	516.85K	344.37K	313.64K	39.22M	34.69M	38.22M	37.01M	41.68M	38.92M	39.8M
Net Debt	-9.62M	-19.32M	-13.57M	2.42M	-9.77M	-10.51M	-14.27M	-14.67M	-17.42M	-13.18M
Debt / Equity	0.01x	0.00x	0.00x	0.31x	0.26x	0.26x	0.25x	0.27x	0.24x	0.24x
Debt / EBITDA	0.02x	0.01x	0.01x	2.23x	1.64x	1.44x	1.57x	1.97x	2.39x	2.58x
Net Debt / EBITDA	-0.43x	-0.82x	-0.52x	0.14x	-0.46x	-0.40x	-0.60x	-0.69x	-1.07x	-1.07x
Interest Coverage	-	122.97x	224.40x	183.68x	68.76x	63.50x	295.01x	214.75x	452.88x	705.24x
Total Equity	82.91M▲ 0%	102.23M▲ 23.3%	118.11M▲ 15.5%	126.24M▲ 6.9%	135.37M▲ 7.2%	146.24M▲ 8.0%	150.83M▲ 3.1%	156.79M▲ 4.0%	160.1M▲ 2.1%	177.23M▲ 0%
Equity Growth %	36.42%	23.31%	15.53%	6.88%	7.23%	8.03%	3.14%	3.95%	2.12%	17.29%
Book Value per Share	12.43	15.94	17.93	18.91	20.09	21.89	22.27	24.20	24.44	27.68
Total Shareholders' Equity	77.44M	98.68M	115.96M	126.19M	138.42M	150.29M	157.91M	165.97M	172.61M	177.23M
Common Stock	668	668	676	685	695	695	685	673	660	0
Retained Earnings	-101M	-79.77M	-64.46M	-56.22M	-46.01M	-33.57M	-24.19M	-13.62M	-5.29M	0
Treasury Stock	-675.39K	-675.39K	-675.39K	-675.39K	-675.39K	-675.39K	-515.82K	-1.02M	-859.89K	0
Accumulated OCI	-21.25M	-24M	0	0	0	0	0	0	0	0
Minority Interest	5.47M	3.56M	2.16M	55.25K	-3.05M	-4.05M	-7.08M	-9.18M	-12.5M	0

FONR Cash Flow Statement

FONAR Corporation (FONR) cash flow — operating, investing & free cash flow history

Line item	Jun'17	Jun'18	Jun'19	Jun'20	Jun'21	Jun'22	Jun'23	Jun'24	Jun'25	TTM
Cash from Operations	16.81M	18.74M	19.45M	20.4M	19.09M	15.3M	14.47M	14.09M	11.26M	11.26M
Operating CF Margin %	21.54%	22.99%	22.31%	23.81%	21.23%	15.68%	14.67%	13.7%	10.8%	-
Operating CF Growth %	1.14%	11.5%	3.78%	4.91%	-6.44%	-19.84%	-5.45%	-2.58%	-20.07%	-88.51%
Net Income	23.68M	25.45M	20.51M	11.7M	13.67M	17.23M	12.13M	14.1M	10.67M	7.56M
Depreciation & Amortization	3.53M	3.9M	3.84M	4.91M	5.54M	8.54M	8.8M	4.6M	4.7M	4.74M
Stock-Based Compensation	2.4M	1.95M	1.99M	0	83.28K	0	0	0	0	0
Deferred Taxes	-4.97M	-6.12M	1.76M	2.65M	3.53M	3.09M	2.98M	2.8M	823.66K	-91.34K
Other Non-Cash Items	2.72M	-614.68K	1.95M	7.69M	7.53M	642.77K	5.73M	1.22M	3.26M	-2.61M
Working Capital Changes	-10.55M	-3.88M	-7.63M	-6.55M	-11.26M	-14.21M	-15.17M	-8.62M	-8.19M	-1.27M
Change in Receivables	-5.9M	-4.33M	-6.13M	-10.4M	-11.91M	-5.56M	-8.12M	-11.62M	-8.98M	-10.86M
Change in Inventory	450.04K	192.88K	-366.79K	149.4K	-14.65K	-696.4K	-209.84K	-145.78K	-97.24K	104.76K
Change in Payables	168.73K	-122.97K	560.98K	104.03K	-99.22K	-314.77K	19.68K	276.67K	-553.56K	958.44K
Cash from Investing	-4.32M	-2.95M	-18.58M	7.42M	-4.82M	-5.18M	-4.34M	-850.74K	-3.8M	-4.01M
Capital Expenditures	-3.01M	-2.89M	-3.48M	-7.52M	-4.66M	-4.55M	-4.22M	-789.96K	-3.79M	-3.51M
CapEx % of Revenue	3.85%	3.54%	4%	8.78%	5.18%	4.66%	4.28%	0.77%	3.63%	-
Acquisitions	-1.31M	-58.27K	0	0	0	-546K	0	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-155.16K	-108.83K	-15.22M	-117.52K	-163.71K	-87.88K	-119.57K	42.53K	-9.72K	-501K
Cash from Financing	-10.88M	-6.3M	-6.62M	-4.9M	-6.61M	-5.86M	-7.57M	-8.18M	-7.47M	-5.82M
Debt Issued (Net)	-3.99M	-172.48K	-30.73K	660.15K	-40.34K	-37.24K	-36.62K	-44.9K	-113.94K	-90.91K
Equity Issued (Net)	0	0	0	0	0	0	-1000K	-1000K	-1000K	-465.65K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	-1.76M	-2.51M	-1.81M	-465.65K
Other Financing	-6.89M	-6.13M	-6.59M	-5.57M	-6.57M	-5.82M	-5.78M	-5.63M	-5.55M	-5.26M
Net Change in Cash	1.61M▲ 0%	9.49M▲ 489.2%	-5.75M▼ 160.6%	22.92M▲ 498.5%	7.66M▼ 66.6%	4.26M▼ 44.3%	2.56M▼ 40.0%	5.06M▲ 98.0%	-7.56K▼ 100.1%	-606K▲ 0%
Free Cash Flow	13.8M▲ 0%	15.85M▲ 14.9%	15.96M▲ 0.7%	12.76M▼ 20.1%	14.27M▲ 11.8%	10.67M▼ 25.2%	10.13M▼ 5.0%	13.27M▲ 31.0%	7.45M▼ 43.9%	5.72M▲ 0%
FCF Margin %	17.69%	19.45%	18.31%	14.89%	15.87%	10.93%	10.27%	12.9%	7.14%	5.39%
FCF Growth %	-12.61%	14.87%	0.71%	-20.06%	11.8%	-25.23%	-5.05%	31.01%	-43.88%	-31.12%
FCF per Share	2.07	2.47	2.42	1.91	2.12	1.60	1.50	2.05	1.14	1.14
FCF Conversion (FCF/Net Income)	0.86x	0.88x	1.27x	2.48x	1.87x	1.23x	1.54x	1.33x	1.35x	0.76x
Interest Paid	162.02K	44.77K	0	0	75.18K	617.03K	50.13K	77K	25.61K	1K
Taxes Paid	739.89K	345K	0	0	261.03K	2.41M	1.44M	507.14K	4.66M	208K

FONR Key Ratios

FONAR Corporation (FONR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	27.31%	22.93%	13.9%	6.74%	7.8%	8.84%	6.31%	6.87%	5.26%	4.26%
Return on Invested Capital (ROIC)	22.03%	18.9%	17.71%	8.78%	10.09%	12.63%	8.15%	8.9%	6.11%	6.11%
Gross Margin	51.24%	48.54%	49.55%	49.47%	48.34%	48.17%	46.38%	43.87%	81.67%	40.8%
Net Margin	25.14%	26.05%	17.57%	9.62%	11.35%	12.75%	9.5%	10.27%	7.99%	7.13%
Debt / Equity	0.01x	0.00x	0.00x	0.31x	0.26x	0.26x	0.25x	0.27x	0.24x	0.24x
Interest Coverage	-	122.97x	224.40x	183.68x	68.76x	63.50x	295.01x	214.75x	452.88x	705.24x
FCF Conversion	0.86x	0.88x	1.27x	2.48x	1.87x	1.23x	1.54x	1.33x	1.35x	0.76x
Revenue Growth	6.36%	4.46%	6.96%	-1.72%	4.95%	8.52%	1.08%	4.3%	1.43%	4.39%

FONR SEC Filings & Documents

FONAR Corporation (FONR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Feb 17, 2026·SEC

Material company update

Dec 30, 2025·SEC

Material company update

Nov 12, 2025·SEC

10-K Annual Reports

FY 2025

Sep 22, 2025·SEC

FY 2024

Sep 27, 2024·SEC

FY 2023

Sep 28, 2023·SEC

10-Q Quarterly Reports

FY 2026

Feb 13, 2026·SEC

FY 2025

Nov 10, 2025·SEC

FY 2025

May 15, 2025·SEC

FONR Frequently Asked Questions

FONAR Corporation (FONR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

FONAR Corporation (FONR) reported $106.0M in revenue for fiscal year 2025. This represents a 709% increase from $13.1M in 1996.

FONAR Corporation (FONR) grew revenue by 1.4% over the past year. Growth has been modest.

Yes, FONAR Corporation (FONR) is profitable, generating $7.6M in net income for fiscal year 2025 (8.0% net margin).

Dividend & Returns

FONAR Corporation (FONR) has a return on equity (ROE) of 5.3%. This is below average, suggesting room for improvement.

FONAR Corporation (FONR) generated $5.7M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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FONAR Corporation(FONR)Earnings, Financials & Key Ratios

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