Lumexa Imaging (LMRI)


Market Price (10/7/2026): $10.535 | Market Cap: $1.0 BilSector: Health Care | Industry: Life Sciences Tools & Services

Lumexa Imaging (LMRI)


Market Price (10/7/2026): $10.535
Market Cap: $1.0 Bil
Sector: Health Care
Industry: Life Sciences Tools & Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Megatrend and thematic drivers
Megatrends include Autonomous Technologies, Electric Vehicles & Autonomous Driving, and Automation & Robotics. Themes include Machine Vision, Show more.

Weak multi-year price returns
2Y Excs Rtn is -79%, 3Y Excs Rtn is -125%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 88%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.5%

Key risks
LMRI key risks include [1] a substantial debt load and high leverage and [2] potential malpractice liability or reputational harm from its own artificial intelligence tools not operating as intended.

0 Megatrend and thematic drivers
Megatrends include Autonomous Technologies, Electric Vehicles & Autonomous Driving, and Automation & Robotics. Themes include Machine Vision, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -79%, 3Y Excs Rtn is -125%
2 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 88%
3 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.5%
4 Key risks
LMRI key risks include [1] a substantial debt load and high leverage and [2] potential malpractice liability or reputational harm from its own artificial intelligence tools not operating as intended.

LMRI in ETFs

Weight = LMRI's share of each fund

VTI0.00%
IWM0.01%
VTWO0.01%
SCHA0.01%
ONEQ0.00%
VHT0.00%
IWN0.00%
SCHB0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 10/5/2026

Lumexa Imaging (LMRI) stock has lost about 5% since 6/30/2026 because of the following key factors:

1. Cautious Fiscal Q3 and Second-Half 2026 Guidance.

Lumexa Imaging reported its fiscal Q2 2026 results (which ended June 30, 2026) on August 12, 2026, with an adjusted EPS of $0.20, exceeding analysts' consensus estimate of $0.03, and revenue of $264.16 million. Despite the strong Q2 performance, the company's updated full-year fiscal 2026 EPS guidance, set at $0.71-$0.77, and narrowed EBITDA guidance, with 54.7% weighted towards the second half of fiscal 2026, likely contributed to investor hesitation and put downward pressure on the stock.

2. Persistent Industry Headwinds.

The broader medical imaging sector faced ongoing concerns regarding Medicare reimbursement and rising operating costs, as highlighted by the Medical Imaging Confidence Index (MICI) Q3 2026 report. Although the report indicated confidence in overall imaging growth, these fundamental industry challenges likely tempered investor enthusiasm for companies like Lumexa Imaging, contributing to the stock's decline.

Show more
Updated on 10/5/2026

Lumexa Imaging (LMRI) stock has lost about 5% since 6/30/2026 because of the following key factors:

1. Cautious Fiscal Q3 and Second-Half 2026 Guidance.

Lumexa Imaging reported its fiscal Q2 2026 results (which ended June 30, 2026) on August 12, 2026, with an adjusted EPS of $0.20, exceeding analysts' consensus estimate of $0.03, and revenue of $264.16 million. Despite the strong Q2 performance, the company's updated full-year fiscal 2026 EPS guidance, set at $0.71-$0.77, and narrowed EBITDA guidance, with 54.7% weighted towards the second half of fiscal 2026, likely contributed to investor hesitation and put downward pressure on the stock.

2. Persistent Industry Headwinds.

The broader medical imaging sector faced ongoing concerns regarding Medicare reimbursement and rising operating costs, as highlighted by the Medical Imaging Confidence Index (MICI) Q3 2026 report. Although the report indicated confidence in overall imaging growth, these fundamental industry challenges likely tempered investor enthusiasm for companies like Lumexa Imaging, contributing to the stock's decline.

3. Continuation of Valuation Debates and Prior Stock Pullback.

Lumexa Imaging's stock had already experienced a "notable 2026 pullback of nearly 37% from earlier highs" prior to June 30, 2026. This indicated a persistent debate surrounding the stock's valuation. The period since June 30, 2026, saw a continuation of this volatility, with the stock experiencing an 11.34% monthly decline by early October 2026, as investors continued to weigh the company's fair value despite some recent positive analyst coverage.

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Stock Movement Drivers

Fundamental Drivers

The -5.1% change in LMRI stock from 6/30/2026 to 10/6/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)630202610062026Change
Stock Price ($)11.2810.71-5.1%
Change Contribution By: 
Total Revenues ($ Mil)��0.0%
Net Income Margin (%)��0.0%
P/E Multiple��0.0%
Shares Outstanding (Mil)95950.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2026 to 10/6/2026
ReturnCorrelation
LMRI-5.1% 
Market (SPY)4.3%36.5%
Sector (XLV)5.3%29.3%

Fundamental Drivers

The 24.5% change in LMRI stock from 3/31/2026 to 10/6/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)331202610062026Change
Stock Price ($)8.6010.7124.5%
Change Contribution By: 
Total Revenues ($ Mil)1,023�0.0%
P/S Multiple0.8�0.0%
Shares Outstanding (Mil)96951.6%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 10/6/2026
ReturnCorrelation
LMRI24.5% 
Market (SPY)20.1%11.9%
Sector (XLV)14.5%31.3%

Fundamental Drivers

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Market Drivers

9/30/2025 to 10/6/2026
ReturnCorrelation
LMRI  
Market (SPY)17.9%26.1%
Sector (XLV)21.6%26.6%

Fundamental Drivers

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Market Drivers

9/30/2023 to 10/6/2026
ReturnCorrelation
LMRI  
Market (SPY)88.5%26.1%
Sector (XLV)35.9%26.6%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
LMRI Return-----0%-42%-42%
Peers Return18%-19%11%-1%13%20%41%
S&P 500 Return27%-19%24%23%16%14%107%

Monthly Win Rates [3]
LMRI Win Rate----0%50% 
Peers Win Rate65%38%54%52%47%56% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
LMRI Max Drawdown------63% 
Peers Max Drawdown-14%-38%-25%-22%-27%-27% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: LMRI, CGNX, TDY, AME, ROK.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/6/2026 (YTD)

How Low Can It Go

LMRI has limited trading history. Below is the Health Care sector ETF (XLV) in its place.

EventXLVS&P 500
2025 US Tariff Shock
  % Loss-11.7%-18.8%
  % Gain to Breakeven13.3%23.1%
  Time to Breakeven142 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-13.8%-24.5%
  % Gain to Breakeven15.9%32.4%
  Time to Breakeven166 days427 days
2020 COVID-19 Crash
  % Loss-27.9%-33.7%
  % Gain to Breakeven38.8%50.9%
  Time to Breakeven77 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-15.0%-19.2%
  % Gain to Breakeven17.6%23.8%
  Time to Breakeven191 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-15.9%-12.2%
  % Gain to Breakeven18.9%13.9%
  Time to Breakeven165 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-15.8%-17.9%
  % Gain to Breakeven18.8%21.8%
  Time to Breakeven153 days123 days

Compare to LMRI, CGNX, TDY, AME, ROK

In The Past

State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

LMRI has limited trading history. Below is the Health Care sector ETF (XLV) in its place.

EventXLVS&P 500
2020 COVID-19 Crash
  % Loss-27.9%-33.7%
  % Gain to Breakeven38.8%50.9%
  Time to Breakeven77 days140 days
2008-2009 Global Financial Crisis
  % Loss-37.9%-53.4%
  % Gain to Breakeven61.1%114.4%
  Time to Breakeven767 days1085 days

Compare to LMRI, CGNX, TDY, AME, ROK

In The Past

State Street Health Care Select Sector SPDR ETF's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Lumexa Imaging (LMRI)

Lumexa Imaging (LMRI) is a leading national provider of outpatient diagnostic imaging services, operating the second largest network of freestanding imaging centers in the United States. As of September 30, 2025, the company managed 184 centers across 13 states, including several joint ventures with health systems. Lumexa specializes in providing high-quality, convenient, and cost-effective diagnostic care, with advanced modalities such as Magnetic Resonance Imaging (MRI) and Computed Tomography (CT) being significant drivers of its revenue. These centers are strategically located in metropolitan areas experiencing higher-than-average population growth, addressing the growing demand for imaging services driven by an aging population and increasing disease prevalence.

The company's primary customers include patients seeking accessible and affordable diagnostic imaging, a vast network of approximately 100,000 referring physicians, health system partners, and payors who benefit from the lower cost of care compared to hospital outpatient departments. Lumexa Imaging differentiates itself by delivering services that are approximately 60% less expensive than comparable hospital-based options, driving patient and payor preference towards its independent diagnostic testing facilities (IDTFs). The company utilizes a scalable, integrated technology system, incorporating advanced third-party software for radiology information, image archiving, and revenue cycle management, as well as artificial intelligence solutions to enhance operational efficiency and diagnostic accuracy. Lumexa Imaging pursues growth through organic expansion, opening new de novo centers, forming additional health system joint ventures, and strategic acquisitions within the fragmented U.S. outpatient diagnostic imaging market.

AI Analysis | Feedback

Here are 1-2 brief analogies for Lumexa Imaging (LMRI):

  • DaVita for diagnostic imaging: Lumexa Imaging is building a national network of outpatient diagnostic imaging centers, much like DaVita built a vast network of outpatient dialysis clinics, by consolidating a fragmented market and providing specialized healthcare services outside of traditional hospital settings.
  • Quest Diagnostics for imaging: Similar to how Quest Diagnostics operates a large, technology-driven network for convenient and efficient lab testing, Lumexa Imaging is establishing itself as a leading provider of outpatient diagnostic imaging services like MRIs and CT scans.

AI Analysis | Feedback

  • Diagnostic Imaging Services: Lumexa Imaging provides a comprehensive range of medical imaging procedures used for diagnosing various conditions in an outpatient setting.
  • Advanced Imaging Modalities (MRI and CT): The company specializes in advanced diagnostic imaging services, particularly Magnetic Resonance Imaging (MRI) and Computed Tomography (CT) scans, which are significant revenue drivers.

AI Analysis | Feedback

Lumexa Imaging (LMRI) sells its diagnostic imaging services primarily to **individuals** (patients).

The company serves the following categories of customers:

  1. Patients: These are the individuals who directly receive diagnostic imaging services (e.g., MRI, CT scans) at Lumexa Imaging's outpatient centers, typically based on referrals from their physicians. The company emphasizes high patient satisfaction and convenience to attract and retain patients.
  2. Payors (Insurance Companies): These are the health insurance companies and other third-party entities that reimburse Lumexa Imaging for the services provided to insured patients. Lumexa Imaging aims to meet the needs of payors by offering high-quality, convenient, and lower-cost care compared to hospital outpatient departments.
  3. Referring Physicians and Practices: These are the doctors and medical practices who refer their patients to Lumexa Imaging for diagnostic services. Lumexa Imaging maintains a large network of referring physicians by delivering high-quality care, accurate reporting, and excellent service, which is crucial for driving patient volume.

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Caitlin Zulla, Chief Executive Officer

Caitlin Zulla was appointed Chief Executive Officer in January 2025. Prior to this role, she served as the Chief Executive Officer of Optum Health East from 2023 to January 2025. From 2019 to 2023, Ms. Zulla was the Chief Executive Officer of SCA Health, an operator of outpatient surgery facilities, where she also previously held the roles of Chief Financial Officer and Chief Administrative Officer from 2017 to 2019. She oversaw health care delivery across 10 states at Optum Health East, and at SCA Health, she helped expand the organization's network of ambulatory surgery centers.

Tony Martin, Chief Financial Officer

Tony Martin serves as the Chief Financial Officer of Lumexa Imaging. He participates in investor conferences alongside CEO Caitlin Zulla.

Lee Cooper, Chairman

Lee Cooper is the Chairman of Lumexa Imaging. He previously served as the company's Chief Executive Officer in 2024, leading US Radiology Specialists (now Lumexa Imaging) from April 2024 to January 2025. Before this, Mr. Cooper was an Operating Partner at WCAS in 2023. He has also served as the Chief Executive Officer of AssistRx, LLC since March 2025. Earlier in his career, he was the Executive Vice President – Pharmacy of Walgreens from 2022 to 2023 and Chief Executive Officer of Shields Health Solutions from 2020 to 2022, which was acquired by Walgreens in December 2022. He also held multiple leadership positions at General Electric, including President and Chief Executive Officer of GE Healthcare – U.S. and Canada from 2016 to 2019.

Dr. Russell Stewart, Chief Medical Officer

Dr. Russell Stewart was appointed Chief Medical Officer in August 2025. He is a board-certified musculoskeletal radiologist with a background in clinical radiology, AI-driven innovation, and quality improvement. Previously, he was the Chief Clinical Officer at Covera Health, leading initiatives with advanced data analytics and artificial intelligence. He also held executive roles at Nines, a radiology AI company, where he guided regulatory strategy and secured FDA clearances for machine learning-based diagnostic tools.

Dr. Robert Mittl, Chief Quality Officer

Dr. Robert Mittl has served as the Chief Quality Officer of Lumexa Imaging since 2024 and has been the Chair of Lumexa Imaging's National Physician Leadership Board since 2021. He joined Charlotte Radiology, which later became part of Lumexa Imaging, in 1993, and served as Chairman and President of the group for 10 years, as well as chairing the Physician Operations Committee for 13 years. Dr. Mittl is also a practicing neuroradiologist.

AI Analysis | Feedback

The key risks to Lumexa Imaging's business are:

  1. Intense Competition and Market Fragmentation: The diagnostic imaging services market is highly fragmented, with approximately 6,000 independent diagnostic testing facilities (IDTFs) in the United States, over 75% of which are owned by single facility operators or small chains. Lumexa Imaging operates in a market with significant competition, where comparable imaging services in IDTFs are approximately 60% less expensive than those in hospital outpatient departments (HOPDs). This fragmentation and cost sensitivity could lead to pricing pressures and challenges in maintaining or growing market share, requiring continuous investment to remain competitive.

  2. Risks Associated with Aggressive Growth Strategies: Lumexa Imaging has a history of rapid expansion, having grown from 20 centers in 2018 to 184 centers as of September 30, 2025, through 20 acquisitions and the opening of 41 de novo centers. Its stated strategy includes ongoing de novo expansion, new joint venture partnerships, and accelerating growth through acquisitions. Such aggressive growth, particularly through acquisitions, inherently carries risks such as difficulties in integrating acquired businesses, failure to realize expected synergies, challenges in successfully establishing new centers, significant capital requirements, and potential strains on management and operational resources.

  3. Dependence on Third-Party Technology and AI Solutions: Lumexa Imaging relies on third-party technology providers for its scalable clinical technology system, including radiology information systems (RIS), picture archiving and communication systems (PACS), and revenue cycle management (RCM) systems. The company has also implemented third-party clinical, operational, and back-office artificial intelligence (AI) solutions. This dependence creates risks related to vendor performance, data security, potential cost increases from vendors, disruptions if a key vendor fails or alters its offerings, and the ongoing challenge of effectively integrating and adapting to evolving third-party technologies and AI advancements.

AI Analysis | Feedback

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The addressable market for Lumexa Imaging's main products or services, which are diagnostic imaging services, was approximately $140 billion in the U.S. as of December 31, 2024.

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AI Analysis | Feedback

Lumexa Imaging (LMRI) anticipates several key drivers of future revenue growth over the next 2-3 years:

  • De Novo Expansion and Acquisitions: The company plans to expand its footprint by opening new "de novo" centers in both existing and new metropolitan statistical areas, and by accelerating growth through strategic acquisitions.
  • New Joint Venture Partnerships: Lumexa Imaging intends to pursue new joint venture partnerships, particularly with health systems, in both existing and new MSAs to expand its network and reach.
  • Organic Growth from Existing Centers: The company expects to drive revenue growth through the "Ongoing Execution of Same-Center Organic Growth Playbook," suggesting increased utilization and efficiency within its current facilities.
  • Increased Utilization of Advanced Imaging and Technology Adoption: Lumexa Imaging is positioned to benefit from the accelerating growth of advanced imaging referrals (such as MRI and CT) due to an aging population and increasing disease prevalence. Furthermore, ongoing investment and implementation of best-in-class technology and AI solutions are expected to enhance efficiency, attract advanced imaging referrals, and improve patient experience.
  • Market Share Capture by Independent Diagnostic Testing Facilities (IDTFs): Lumexa Imaging, as an IDTF, is poised to gain market share from hospital outpatient departments (HOPDs) and inpatient settings. This shift is driven by patient and payor preference for more convenient and less expensive care delivery settings offering comparable quality.

AI Analysis | Feedback

Outbound Investments

  • Expanded operations from 20 centers in 2018 to 184 centers as of September 30, 2025, through 20 acquisitions and opening 41 de novo centers.
  • Established eight joint venture partnerships with health systems.
  • A strategic focus includes new joint venture partnerships in existing and new metropolitan statistical areas (MSAs).

Capital Expenditures

  • Invests in best-in-class equipment and technology from innovative manufacturers and software companies to remain at the forefront of imaging care.
  • Implemented third-party clinical, operational, and back-office artificial intelligence (AI) solutions to improve efficiency and accuracy.
  • Planned further investment and implementation of technology and AI strategy.

Peer Outperformance in Life Sciences Tools & Services

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Share of Life Sciences Tools & Services constituents that LMRI has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
—
insufficient peer history
3Y
—
insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Health Care sector, ranked by 5Y. Life Sciences Tools & Services is LMRI's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Health Care Distributors 6 14.6%45.3%93.9% CAH 427% · MCK 373% · COR 181%
Health Care Facilities 24 0.4%5.6%9.6% THC 307% · NHC 280% · ENSG 140%
Health Care Services 20 20.8%36.1%8.3% HIMS 296% · RDNT 144% · DGX 75%
Managed Health Care 8 27.5%-7.2%3.4% OSCR 101% · HQY 40% · ELV 13%
Health Care Equipment 50 -8.4%-2.5%-18.3% POCI 11150% · UFPT 370% · GKOS 252%
Pharmaceuticals 62 -7.8%-6.9%-32.6% INDV 1105% · ETON 1034% · LQDA 842%
Health Care Supplies 11 12.8%-11.8%-42.2% LNTH 301% · HAE 51% · MMSI 17%
Life Sciences Tools & Services ← 109 -10.6%-13.2%-64.8% SNWV 2022% · NTRA 244% · MEDP 212%
Biotechnology 362 -18.0%-26.3%-79.4% CELZ 1186% · DNTH 1091% · ELVN 1027%
Health Care Technology 20 -31.9%-55.1%-80.7% SPOK 79% · HSTM 11% · VEEV -2%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

LMRICGNXTDYAMEROKMedian
NameLumexa I.Cognex Teledyne.AMETEK Rockwell. 
Mkt Price10.6060.54606.47247.81439.08247.81
Mkt Cap1.010.128.156.848.828.1
Rev LTM1,0431,0896,3747,8648,9736,374
Op Inc LTM142381,2402,0371,7721,240
FCF LTM312681,1421,8251,5041,142
FCF 3Y Avg-1741,0171,7251,2901,154
CFO LTM652771,2711,9601,7321,271
CFO 3Y Avg-1881,1251,8601,5081,317

Growth & Margins

LMRICGNXTDYAMEROKMedian
NameLumexa I.Cognex Teledyne.AMETEK Rockwell. 
Rev Chg LTM-17.1%7.9%12.7%11.3%12.0%
Rev Chg 3Y Avg-7.3%4.5%7.1%1.7%5.8%
Rev Chg Q5.1%16.9%9.8%15.0%7.9%9.8%
QoQ Delta Rev Chg LTM1.2%4.0%2.4%3.5%1.9%2.4%
Op Inc Chg LTM-80.7%12.9%11.2%41.8%27.3%
Op Inc Chg 3Y Avg-25.2%6.9%8.3%5.7%7.6%
Op Mgn LTM1.4%21.9%19.4%25.9%19.7%19.7%
Op Mgn 3Y Avg-15.6%18.8%25.9%17.1%17.9%
QoQ Delta Op Mgn LTM-0.7%3.1%0.4%-0.0%0.8%0.4%
CFO/Rev LTM6.2%25.4%19.9%24.9%19.3%19.9%
CFO/Rev 3Y Avg-19.1%18.9%25.8%17.5%19.0%
FCF/Rev LTM3.0%24.6%17.9%23.2%16.8%17.9%
FCF/Rev 3Y Avg-17.6%17.1%23.9%15.0%17.4%

Valuation

LMRICGNXTDYAMEROKMedian
NameLumexa I.Cognex Teledyne.AMETEK Rockwell. 
Mkt Cap1.010.128.156.848.828.1
P/S1.09.34.47.25.45.4
P/Op Inc70.542.522.727.927.527.9
P/EBIT13.742.522.628.333.628.3
P/E-36.758.028.836.040.636.0
P/CFO15.736.622.129.028.228.2
Total Yield-2.7%2.1%3.4%3.2%3.6%3.2%
Dividend Yield0.0%0.5%0.0%0.5%1.2%0.5%
FCF Yield 3Y Avg-2.0%4.3%3.8%3.2%3.5%
D/E1.00.00.10.00.10.1
Net D/E0.9-0.00.10.00.10.1

Returns

LMRICGNXTDYAMEROKMedian
NameLumexa I.Cognex Teledyne.AMETEK Rockwell. 
1M Rtn-13.0%-2.7%-0.7%4.4%1.2%-0.7%
3M Rtn-13.8%-5.6%-5.5%7.1%-6.1%-5.6%
6M Rtn17.5%17.4%-4.5%14.1%19.6%17.4%
12M Rtn-42.8%30.0%2.2%36.3%27.7%27.7%
3Y Rtn-42.8%46.9%51.1%68.2%58.9%51.1%
1M Excs Rtn-14.3%-3.9%-2.0%3.1%-0.1%-2.0%
3M Excs Rtn-17.3%-9.5%-9.5%2.9%-9.4%-9.5%
6M Excs Rtn-0.5%0.9%-22.2%-3.6%1.9%-0.5%
12M Excs Rtn-59.0%16.6%-12.8%19.6%11.3%11.3%
3Y Excs Rtn-124.3%-29.2%-31.8%-9.5%-18.9%-29.2%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil202520242023
Outpatient761707697
Professional271248244
Intersegment Eliminations-10-7-5
Total1,023949936


Operating Income by Segment
$ Mil202520242023
Outpatient191173158
Professional392840
Litigation and settlements0-1-4
Intersegment Eliminations000
Other-1-2-2
Loss on disposal of property and equipment-1 -1
Amortization of basis difference-2-2-2
Strategic initiatives and implementation-3-5-14
Severance and executive recruiting-4-3-3
Adjustments for equity in earnings of unconsolidated affiliates-18-15-14
Transaction costs-21-18-4
Depreciation and amortization-40-42-57
Stock-based compensation-42-57-55
Goodwill impairment  -19
Total985522


Price Behavior

Price Behavior
Market Price$10.71 
Market Cap ($ Bil)1.0 
Distance from 52W High-42.2% 
   50 Days200 Days
DMA Price$14.61$14.62
DMA Trenddownindeterminate
Distance from DMA-26.7%-26.7%
 3M1YR
Volatility42.5%78.0%
Downside Capture261.06199.48
Upside Capture137.2884.84
Correlation (SPY)39.7% 
LMRI Betas & Captures as of 9/30/2026

 1M2M3M6M1Y3Y
Beta0.511.491.420.62-0.02-0.14
Up Beta-5.130.150.231.140.600.37
Down Beta0.450.552.27-0.141.57-0.62
Up Capture60%191%139%63%54%5%
Bmk +ve Days6162766132424
Stock +ve Days81829659696
Down Capture223%221%193%51%134%77%
Bmk -ve Days16263760120328
Stock -ve Days14243561104104

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LMRI
LMRI-42.3%78.0%-0.52-
Sector ETF (XLV)16.9%15.7%0.7926.6%
Equity (SPY)17.5%13.0%0.9626.1%
Gold (GLD)6.9%29.6%0.2320.2%
Commodities (DBC)46.1%20.8%1.71-17.8%
Real Estate (VNQ)2.1%13.7%-0.1032.8%
Bitcoin (BTCUSD)-29.8%44.3%-0.6716.8%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LMRI
LMRI-10.4%78.0%-0.52-
Sector ETF (XLV)7.1%15.2%0.2826.6%
Equity (SPY)13.9%17.1%0.6226.1%
Gold (GLD)18.7%18.9%0.8020.2%
Commodities (DBC)10.3%19.5%0.40-17.8%
Real Estate (VNQ)1.2%18.8%-0.0432.8%
Bitcoin (BTCUSD)16.0%52.2%0.4716.8%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with LMRI
LMRI-5.3%78.0%-0.52-
Sector ETF (XLV)10.6%16.7%0.5126.6%
Equity (SPY)15.6%17.9%0.7426.1%
Gold (GLD)11.6%16.4%0.5820.2%
Commodities (DBC)8.3%18.1%0.37-17.8%
Real Estate (VNQ)4.2%20.7%0.1632.8%
Bitcoin (BTCUSD)64.1%66.2%1.0416.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date9152026
Short Interest: Shares Quantity2.1 Mil
Short Interest: % Change Since 8312026-18.4%
Average Daily Volume0.3 Mil
Days-to-Cover Short Interest7.3 days
Basic Shares Quantity96.0 Mil
Short % of Basic Shares2.2%

Earnings Returns History

Updated 9/15/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/12/20264.0%1.0%-2.0%
5/12/2026-23.3%-33.3%-9.3%
3/26/2026-29.8%-15.0%-13.2%
SUMMARY STATS   
# Positive110
# Negative223
Median Positive4.0%1.0% 
Median Negative-26.6%-24.2%-9.3%
Max Positive4.0%1.0% 
Max Negative-29.8%-33.3%-13.2%
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/12/20264.0%1.0%-2.0%
5/12/2026-23.3%-33.3%-9.3%
3/26/2026-29.8%-15.0%-13.2%
SUMMARY STATS   
# Positive110
# Negative223
Median Positive4.0%1.0% 
Median Negative-26.6%-24.2%-9.3%
Max Positive4.0%1.0% 
Max Negative-29.8%-33.3%-13.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/12/202610-Q
12/31/202503/30/202610-K
09/30/202512/12/2025424B4
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Report DateFiling DateFiling
06/30/202608/13/202610-Q
03/31/202605/12/202610-Q
12/31/202503/30/202610-K
09/30/202512/12/2025424B4

Recent Forward Guidance

Updated 10/4/2026

Latest: Q2 2026 Earnings Reported 8/12/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported1.04 Bil1.07 Bil1.10 Bil0 AffirmedGuidance: 1.07 Bil for 2026
2026 Adjusted EBITDAReported235.00 Mil238.00 Mil241.00 Mil0 AffirmedGuidance: 238.00 Mil for 2026
2026 Adjusted EPSReported0.710.740.770 AffirmedGuidance: 0.74 for 2026


Prior: Q1 2026 Earnings Reported 5/12/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 De novo centersReported8910   
2026 RevenueReported1.04 Bil1.07 Bil1.10 Bil0 AffirmedGuidance: 1.07 Bil for 2026
2026 Adjusted EBITDAReported234.00 Mil238.00 Mil242.00 Mil0 AffirmedGuidance: 238.00 Mil for 2026
2026 Adjusted EPSReported0.710.740.770 AffirmedGuidance: 0.74 for 2026

Insider Activity

Updated 5/21/2026
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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Brodnax, Brett DirectBuy52120267.2535,000253,750449,696Form
2Cooper, Henry Lee Cooper Family TrustBuy51820267.4430,000223,113223,113Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Brodnax, Brett DirectBuy52120267.2535,000253,750449,696Form
2Cooper, Henry Lee Cooper Family TrustBuy51820267.4430,000223,113223,113Form
Core Cache Last Updated: 10/6/2026