FONAR Corporation (FONR) Revenue History
Annual and quarterly revenue from 1988 to present
FONR Revenue Over Time (1988–2025)
FONR Revenue Growth History
25 of 37 years with positive growth- FY1988 revenue growth
- N/A
- FY1989 revenue growth
- -22.1%
- FY1990 revenue growth
- -27.5%
- FY1991 revenue growth
- -38.4%
- FY1992 revenue growth
- -3.9%
- FY1993 revenue growth
- -14.7%
- FY1994 revenue growth
- -8.3%
- FY1995 revenue growth
- -8.4%
- FY1996 revenue growth
- -7.1%
- FY1997 revenue growth
- +34.4%
- FY1998 revenue growth
- +56.8%
- FY1999 revenue growth
- +33.7%
- FY2000 revenue growth
- +5.9%
- FY2001 revenue growth
- +18.9%
- FY2002 revenue growth
- -3.8%
- FY2003 revenue growth
- +18.4%
- FY2004 revenue growth
- +35.4%
- FY2005 revenue growth
- +46.5%
- FY2006 revenue growth
- -68.5%
- FY2007 revenue growth
- +0.4%
- FY2008 revenue growth
- +7.1%
- FY2009 revenue growth
- +11.7%
- FY2010 revenue growth
- -19.9%
- FY2011 revenue growth
- +4.2%
- FY2012 revenue growth
- +19.0%
- FY2013 revenue growth
- +24.6%
- FY2014 revenue growth
- +39.4%
- FY2015 revenue growth
- +0.8%
- FY2016 revenue growth
- +6.3%
- FY2017 revenue growth
- +6.4%
- FY2018 revenue growth
- +4.5%
- FY2019 revenue growth
- +7.0%
- FY2020 revenue growth
- -1.7%
- FY2021 revenue growth
- +4.9%
- FY2022 revenue growth
- +8.5%
- FY2023 revenue growth
- +1.1%
- FY2024 revenue growth
- +4.3%
- FY2025 revenue growth
- +1.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $26.5M | -2.6% |
| Q2 2026 | $25.5M | +2.4% |
| Q1 2026 | $26.0M | +4.3% |
| Q4 2025 | $27.3M | +5.1% |
| Q3 2025 | $27.2M | +5.6% |
| Q2 2025 | $24.9M | -1.7% |
| Q1 2025 | $25.0M | -3.4% |
| Q4 2024 | $25.9M | +0.6% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
FONR's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
FONR Revenue Analysis (1988–2025)
Current Revenue & Growth
As of June 24, 2026, FONAR Corporation (FONR) generated trailing twelve-month (TTM) revenue of $105.3 million, reflecting slight decline in growth of -2.6% year-over-year. The most recent quarter (Q3 2026) recorded $26.5 million in revenue, up 3.6% sequentially.
Historical Growth Trajectory
FONR's 5-year compound annual growth rate (CAGR) stands at +4.0%, indicating moderate growth over time. The 3-year CAGR of +2.3% is below the 5-year average, signalling a growth deceleration in recent years. FONAR Corporation's highest annual revenue of $104.9 million was recorded in 2005.
Revenue by Segment
FONR's revenue is primarily driven by Total (100%). With over half of revenue concentrated in Total, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Healthcare sector peers — including AEYE (+11.6% YoY), IMXI (-26.1% YoY), and GEHC (+0.8% YoY) — FONR has underperformed the peer group in 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 | $105M | -2.6% | +4.0% | 11.1% | |
 AEYE | $40M | +11.6% | +14.5% | -7.9% | |
 IMXI | $608M | -26.1% | +11.2% | 11.2% | |
 GEHC | $20.6B | +0.8% | +3.7% | 13.4% | |
 PHG | $17.8B | -1.5% | +0.6% | 8.0% | |
 NNOX | $13M | +15.4% | - | -466.2% |
FONR Historical Revenue Data (1988–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $104.4M | +1.4% | $42.9M | 41.1% | $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% |
| 2015 | $69.1M | +0.8% | $30.6M | 44.4% | $12.9M | 18.7% |
| 2014 | $68.5M | +39.4% | $31.3M | 45.6% | $12.3M | 18.0% |
| 2013 | $49.1M | +24.6% | $23.0M | 46.8% | $7.5M | 15.3% |
| 2012 | $39.4M | +19.0% | $18.2M | 46.3% | $7.2M | 18.3% |
| 2011 | $33.1M | +4.2% | $14.7M | 44.2% | $3.8M | 11.4% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
38+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
FONR — 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 is slowing. TTM revenue is $105M, up -2.6% year-over-year — below the 5-year CAGR of +4.0%. The deceleration suggests maturing end-markets or increased competition.
What is FONR's revenue history from 1988 to 2026?
FONAR Corporation (FONR) revenue history spans 1988 to 2026. TTM revenue as of 2026 is $105M, growing at -2.6% YoY. The 5-year CAGR is +4.0%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is FONR's long-term revenue growth rate (CAGR)?
FONAR Corporation's 5-year revenue CAGR of +4.0% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -2.6% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for FONR.
Why does FONR's quarterly revenue fluctuate?
FONR quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. FONAR Corporation's revenue data from 1988 to 2026 shows full historical quarterly detail on this page.
How is FONR's revenue distributed by segment?
FONR reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does FONR's revenue compare to industry peers?
FONAR Corporation (FONR) with TTM revenue of $105M and -2.6% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.