FONAR Corporation (FONR) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	105.3M	104.4M	102.9M	98.6M	97.6M
Cost of Revenue	62.9M	61.4M	57.7M	52.9M	50.6M
Gross Profit	42.4M	42.9M	45.1M	45.7M	47.0M
Operating Expenses
R&D Expense	1.8M	1.6M	1.7M	1.6M	1.5M
SG&A Expense	21.4M	29.7M	—	29.4M	—
General & Admin Expense	—	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	9.7M	—	26.9M	—	23.5M
Total Operating Expenses	32.9M	31.3M	28.6M	31.0M	25.0M
Cost and Expenses	95.8M	92.8M	86.3M	83.9M	75.6M
Operating Income (EBIT)	9.5M	11.6M	16.5M	14.8M	22.0M
Non-Operating
Interest Income	1.8M	2.2M	—	—	—
Interest Expense	12.6K	25.6K	77.0K	50.1K	346.6K
Net Interest Income	1.8M	2.1M	(77.0K)	(50.1K)	(346.6K)
Other Non-Op Income/Expense	1.8M	2.2M	2.7M	969.3K	761.7K
Non-Operating Income (excl Interest)	(1.9M)	(2.2M)	(2.8M)	(1.0M)	(1.1M)
EBT (Pre-Tax Income)	11.4M	13.8M	19.3M	15.8M	22.8M
Income Tax Expense	2.5M	3.1M	5.2M	3.6M	5.5M
Bottom Line
Net Income	6.7M	8.3M	10.6M	9.4M	12.4M
Earnings from Cont. Ops	8.9M	10.7M	14.1M	12.1M	17.2M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	6.4M	7.9M	10.1M	8.9M	11.9M
Per Share
Basic EPS	$1.01	$1.26	$1.56	$1.35	$1.78
Diluted EPS	$1.00	$1.23	$1.53	$1.32	$1.75
Revenue Per Share	$17.08	$16.52	$16.20	$14.84	$14.89
Shares
Basic Shares Outstanding	6.2M	6.3M	6.4M	6.6M	6.6M
Diluted Shares Outstanding	6.3M	6.6M	6.5M	6.8M	6.7M
Profitability Metrics
EBITDA	15.9M	18.5M	23.9M	24.6M	27.7M
D&A	4.5M	4.7M	4.6M	8.8M	4.5M
EBIT	11.4M	13.8M	19.3M	15.8M	23.1M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026