FONAR Corporation (FONR) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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FONR Revenue Growth
Revenue Breakdown (FY 2025)
FONR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
FONR Revenue Analysis (2014–2025)
As of May 8, 2026, FONAR Corporation (FONR) generated trailing twelve-month (TTM) revenue of $106.0 million, reflecting modest growth of +2.4% year-over-year. The most recent quarter (Q2 2026) recorded $25.5 million in revenue, down 1.9% sequentially.
Looking at the longer-term picture, FONR's 5-year compound annual growth rate (CAGR) stands at +4.0%, indicating moderate growth over time. The company achieved its highest annual revenue of $104.4 million in 2025, representing a new all-time high.
Revenue diversification analysis shows FONR's business is primarily driven by Total (100%). With over half of revenue concentrated in Total, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including AEYE (+14.5% YoY), IMXI (-21.0% YoY), and GEHC (+0.8% YoY), FONR has underperformed the peer group in terms of revenue growth. Compare FONR vs AEYE →
FONR Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FONRCurrent | $106M | +2.4% | +4.0% | 11.1% | |
 AEYE | $40M | +14.5% | +14.5% | -7.9% | |
 IMXI | $521M | -21.0% | +7.8% | -3.8% | |
 GEHC | $20.6B | +0.8% | +3.7% | 13.4% | |
 PHG | $17.8B | -1.0% | +0.6% | 8.0% | |
 NNOX | $11M | +15.2% | - | -502.9% |
FONR Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $104.4M | +1.4% | $85.2M | 81.7% | $11.6M | 11.1% |
| 2024 | $102.9M | +4.3% | $45.1M | 43.9% | $16.5M | 16.1% |
| 2023 | $98.6M | +1.1% | $45.7M | 46.4% | $14.8M | 15.0% |
| 2022 | $97.6M | +8.5% | $47.0M | 48.2% | $22.0M | 22.6% |
| 2021 | $89.9M | +4.9% | $43.5M | 48.3% | $17.1M | 19.0% |
| 2020 | $85.7M | -1.7% | $42.4M | 49.5% | $13.7M | 15.9% |
| 2019 | $87.2M | +7.0% | $43.2M | 49.6% | $22.1M | 25.4% |
| 2018 | $81.5M | +4.5% | $39.6M | 48.5% | $19.7M | 24.1% |
| 2017 | $78.0M | +6.4% | $40.0M | 51.2% | $19.1M | 24.5% |
| 2016 | $73.4M | +6.3% | $34.5M | 47.0% | $14.4M | 19.6% |
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Start ComparisonFONR — Frequently Asked Questions
Quick answers to the most common questions about buying FONR stock.
Is FONR's revenue growth accelerating or slowing?
FONR revenue growth slowed to +2.4%, below the 5-year CAGR of +4.0%. TTM revenue is $106M. The deceleration marks a shift from historical growth rates.
What is FONR's long-term revenue growth rate?
FONAR Corporation's 5-year revenue CAGR of +4.0% reflects the variable expansion pattern. Current YoY growth of +2.4% is near this long-term average.
How is FONR's revenue distributed by segment?
FONR reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.