FONAR CORP(FONR)Stock Analysis
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Rank #1,550 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
FONR Stock Analysis & AI Quality Score
AI stock analysis and institutional research for FONAR CORP (FONR), a Healthcare sector company. 13F Pro's AI-powered ranking engine scores FONR at 48.6/100 on a 32-signal composite quality model, placing it at rank #1,550 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include institutional flow (9.2) and revenue scale (17.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q3 2026), FONAR CORP reports quarterly revenue of $26.5M, net income of $1.6M, an operating margin of 10.7%. Top institutional holders of FONR by reported 13-F value include MONEY CONCEPTS CAPITAL, VANGUARD CAPITAL MANAGEMENT, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. FONR trades on the Nasdaq exchange and files with the SEC under CIK 355019. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FONR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FONAR CORP directly from SEC EDGAR. FONAR CORP's 13F Pro composite quality score has ranged between 45 and 68 since 2021, currently 48.6 — a declining long-term trajectory across 28 quarterly and live scoring snapshots.
Revenue
Q3 2026
$26.5M
Net Income
Q3 2026
$1.6M
Free Cash Flow
Q3 2026
$1.4M
Operating Margin
Q3 2026
10.7%
ROIC
Q3 2026
1.6%
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+1.4% YoYNet Income
-21.1% YoYOperating Income
Total Assets
+1.2% YoYTotal Debt
Op. Cash Flow
-20.1% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $104.4M +1.4% | $102.9M +4.3% | $98.6M +9.7% | $89.9M +4.9% | $85.7M +5.1% | $81.5M |
| Net Income | $8.3M -21.1% | $10.6M +12.7% | $9.4M -8.1% | $10.2M +23.9% | $8.2M -61.2% | $21.2M |
| Operating Income | — | $4.5M -59.4% | $11.1M +256.9% | $-7.1M | — | — |
| Total Assets | $216.9M +1.2% | $214.2M +6.8% | $200.6M +5.8% | $189.5M +5.1% | $180.3M | — |
| Total Debt | — | $207.9K -15.7% | $246.6K -86.8% | $1.9M -4.1% | $1.9M +182.4% | $689.4K |
| Operating Cash Flow | $11.3M -20.1% | $14.1M -2.6% | $14.5M -24.2% | $19.1M -6.4% | $20.4M +8.9% | $18.7M |
AI Insight: FONR Financial Trends
FONAR carries zero debt and steadily grows equity to $179M, but revenue and earnings remain range-bound with no clear growth catalyst visible.
• Revenue has stayed flat between $24M–$27M across every reported quarter from Q1 2024 through Q1 2026.
• Equity has grown consistently from $166M in Q1 2024 to $179M in Q1 2026, a $13M cumulative increase.
• Total debt has remained at $0M throughout the entire observation period, reflecting a clean balance sheet.
⚠ Net income is volatile quarter-to-quarter ($1M–$3M), suggesting inconsistent earnings conversion despite stable revenue.
⚠ Operating cash flow dipped to $2M in Q1 2026, matching the weakest readings in the dataset.
⚠ Operating income is absent across all periods — without it, margin structure and cost trends remain opaque.
AI Insight: FONR Ratio Trends
FONAR's profitability shows persistent seasonal weakness in Q2 and a step-down in Q1 2026, with ROIC contracting to 6.3% — its lowest ex-Q2 reading in the observed period.
• Operating margin fell to 10.7% in Q1 2026 from 15.2% in Q1 2025, a 4.5pp year-over-year decline.
• ROIC dropped to 6.3% in Q1 2026 versus 9.6% in Q1 2025 and 10.4% in Q1 2024, a clear downward step.
• Debt/Equity remains 0.00 across all reported quarters, signaling a completely unlevered balance sheet.
• Q2 quarters consistently show margin troughs: OpMargin of 7.4% in Q2 2024 and 5.2% in Q2 2025, suggesting strong seasonality.
⚠ Q1 2026 OpMargin of 10.7% is the weakest non-Q2 quarter in the dataset — monitor whether this marks structural deterioration.
⚠ NPM compressed to 6.2% in Q1 2026 vs. 9.2% in Q1 2025; cost pressures or revenue softness driving the gap warrant scrutiny.
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Available Research
13F Pro tracks comprehensive data for FONAR CORP including:
Top Institutional Holders of FONR
MONEY CONCEPTS CAPITAL CORP
$9.2M497,482 shVANGUARD CAPITAL MANAGEMENT LLC
$6.2M333,269 shDIMENSIONAL FUND ADVISORS LP
$5.9M315,471 shGroupe la Francaise
$2.2M118,800 shPeapod Lane Capital LLC
$2.1M113,662 shBlackRock, Inc.
$1.7M91,443 shGABELLI FUNDS LLC
$1.7M90,514 shRBF Capital, LLC
$1.7M89,534 shTWO SIGMA INVESTMENTS, LP
$1.5M80,710 shCREDIT INDUSTRIEL ET COMMERCIAL
$1.5M79,200 sh
| Fund | Value | Shares |
|---|---|---|
| MONEY CONCEPTS CAPITAL CORP | $9.2M | 497,482 |
| VANGUARD CAPITAL MANAGEMENT LLC | $6.2M | 333,269 |
| DIMENSIONAL FUND ADVISORS LP | $5.9M | 315,471 |
| Groupe la Francaise | $2.2M | 118,800 |
| Peapod Lane Capital LLC | $2.1M | 113,662 |
| BlackRock, Inc. | $1.7M | 91,443 |
| GABELLI FUNDS LLC | $1.7M | 90,514 |
| RBF Capital, LLC | $1.7M | 89,534 |
| TWO SIGMA INVESTMENTS, LP | $1.5M | 80,710 |
| CREDIT INDUSTRIEL ET COMMERCIAL | $1.5M | 79,200 |
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Popular Research
Is FONR a good stock to buy?
13F Pro's AI-powered analysis of FONAR CORP (FONR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FONR are available on the FONR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own FONR?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FONR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of FONAR CORP's investment landscape.