Varex Imaging Corporation

Varex Imaging Corporation

VREXยทNASDAQ

$9.94

+2.1%
HealthcareMedical - Devices

Varex Imaging Corporation designs and manufactures X-ray imaging components. The company operates in two segments, Medical and Industrial. The Medical segment designs, manufactures, sells, and services X-ray imaging components comprising X-ray tubes, digital detectors, high voltage connectors, image-processing software and workstations, 3D reconstruction and computer-aided diagnostic software, collimators, automatic exposure control devices, generators, heat exchangers, ionization chambers, and buckys. This segment's products are used in a range of applications, including radiographic and fluoroscopic imaging, mammography, computed tomography, radiation therapy, oncology, CT, cardiac, surgery, dental, computer-aided detection, and other diagnostic radiography uses. The Industrial segment designs, manufactures, sells, and services Linatron X-ray accelerators, X-ray tubes, digital detectors, and high voltage connectors for use in security and industrial inspection applications, such as airport security, cargo screening at ports and borders, and nondestructive testing and examination in various applications. Varex Imaging Corporation sells its products through imaging system original equipment manufacturers, independent service companies, and distributors, as well as directly to end-users. The company has operations in North America, South America, Europe, Russia, the Middle East, India, Africa, Asia, and Australia. Varex Imaging Corporation was founded in 2016 and is based in Salt Lake City, Utah.

At a Glance

Live Snapshot
Market Cap$418.47M
EPS-1.7000
P/E Ratio-7.03
Earnings Date08/06/2026
3Y-62.0%
5Y+147.0%
10Y-42.0%
3Y-123.0%
5Y-121.0%
10Y-111.0%
3Y+37850.0%
5Y+219.0%
10Y+75800.0%
VREX

Varex Imaging Corporation Cash Conversion Engine

VREX ยท NASDAQ
Net Income-69.90M
Depreciation & Amortization27.20M
Stock-Based Compensation15.00M
Change in Working Capital-31.40M
Others101.30M
Capital Expenditures-22.90M
Free Cash Flow18.80M

Cash Flow Quality Analysis

FCF Conversion Rate

-26.9%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

54.9%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

-7.8%

Declining FCF warrants attention. Investigate whether due to temporary factors or fundamental deterioration.

Working Capital Impact

-$31.40M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

Varex Imaging Corporation Cash Flow Statement

VREX โ€ข NASDAQ

Varex Imaging Corporation Cash Flow StatementOct 2025Sep 2024Sep 2024Sep 2023Sep 2023Sep 2022Oct 2021Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013
OPERATING ACTIVITIES
-69.9M
-47.2M
-47.2M
48.7M
48.7M
30.8M
17.9M
17.9M
-57.4M
15.8M
28.3M
52M
69M
80.8M
110.1M
109.6M
27.2M
31.1M
31.1M
33.2M
33.2M
33.6M
37.3M
37.3M
39.5M
39.2M
42.2M
27.4M
15.3M
12.3M
10.1M
10.1M
-500K
37M
37M
-39.5M
-39.5M
600K
-3M
-3M
-3.1M
-12.9M
-7.7M
-8.9M
4.2M
-800K
-1.5M
-1.6M
15M
15.3M
15.3M
13.5M
13.5M
14M
13.9M
13.9M
13.4M
11.7M
10M
8.4M
9.5M
9.6M
8M
9.8M
101.3M
9.1M
9.1M
29.2M
29.2M
25.9M
18.3M
18.3M
34.7M
13.4M
6.5M
2.3M
2.4M
-1.6M
100K
-5.7M
(18.6M)
(20.2M)
(20.2M)
(16.7M)
(16.7M)
(2.2M)
(14.1M)
(14.1M)
(4.2M)
(8.2M)
(13.8M)
(6M)
(0.0)
(0.0)
(0.0)
(0.0)
-31.4M
2M
2M
23.3M
23.3M
-88M
8.2M
8.2M
-13.9M
4.7M
6M
-6.6M
-26.2M
-15.1M
-8.2M
-31M
41.7M
47.3M
47.3M
108.4M
108.4M
16.9M
92.6M
92.6M
13.2M
71.9M
85.3M
74.6M
74.2M
85.2M
118.6M
91.2M
INVESTING ACTIVITIES
-22.9M
-26.9M
-26.9M
-20.7M
-20.7M
-21.3M
-15.1M
-15.1M
-23.5M
-19.8M
-20.4M
-20.2M
-28.9M
-34.3M
-23.2M
-8.3M
(0.0)
(900K)
(900K)
-1M
-1M
(1.1M)
-1.4M
-1.4M
-3.4M
-73.4M
-4.8M
-271.8M
-1.2M
-67.9M
-5.4M
(0.0)
-31.4M
-61M
-61M
-55.9M
-55.9M
-28.3M
(0.0)
(0.0)
-1.8M
-3.9M
-600K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
65.4M
60.6M
60.6M
28.3M
28.3M
2M
0.0
0.0
5.2M
77.3M
0.0
0.0
8.6M
0.0
0.0
0.0
-800K
-1.1M
-1.1M
4.4M
4.4M
-1.9M
300K
300K
-3.4M
-73.4M
-600K
0.0
-100K
100K
0.0
0.0
(10.3M)
-27.5M
-27.5M
-44.9M
-44.9M
-48.4M
-16.2M
-16.2M
-26.9M
-93.2M
-25.8M
-292M
-21.6M
-102.1M
-28.6M
-8.3M
FINANCING ACTIVITIES
3.3M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-1.8M
0.0
7.1M
-1.9M
0.0
0.0
0.0
0.0
-75M
-1.6M
-1.6M
-2.4M
-2.4M
-29.4M
-31.6M
-31.6M
109.9M
-1.6M
-96M
494M
0.0
0.0
0.0
0.0
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-500K
-600K
-227.1M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-2.1M
-2.3M
-1.9M
(0.0)
(0.0)
(0.0)
(0.0)
-4.2M
-1.7M
-1.7M
2.2M
2.2M
5.6M
-700K
-700K
-24.5M
2M
-900K
-1.7M
-36.8M
36.7M
-89.9M
-83.3M
-75.9M
-3.3M
-3.3M
-200K
-200K
-23.8M
-32.3M
-32.3M
83.6M
-100K
-90.4M
263.3M
-36.8M
36.7M
-89.9M
-83.3M
CASH FLOW SUMMARY
600K
-100K
-100K
100K
100K
-200K
-100K
-100K
900K
-700K
-500K
900K
100K
300K
0.0
0.0
-23.3M
16.4M
16.4M
63.4M
63.4M
-55.5M
44M
44M
70.8M
-22.1M
-31.4M
46.8M
15.9M
20.1M
100K
-400K
170.4M
154M
154M
90.6M
90.6M
146.1M
102.1M
102.1M
31.3M
53.4M
83.3M
36.5M
20.6M
500K
400K
800K
147.1M
170.4M
170.4M
154M
154M
90.6M
146.1M
146.1M
102.1M
31.3M
51.9M
83.3M
36.5M
20.6M
500K
400K
18.8M
20.4M
20.4M
87.7M
87.7M
-4.4M
77.5M
77.5M
-10.3M
52.1M
64.9M
54.4M
45.3M
50.9M
95.4M
82.9M

SEC Filings

VREX - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q2

Q2

May 07, 2026
April 03, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
8-K

8-K 2026

N/A

March 16, 2026
March 13, 2026
2026
8-K

8-K 2026

N/A

February 13, 2026
February 12, 2026
2026
10-Q

10-Q 2026 Q1

Q1

February 10, 2026
January 02, 2026
2026
8-K

8-K 2026

N/A

February 10, 2026
February 10, 2026
2026
DEF 14A

DEF 14A 2026

N/A

December 29, 2025
February 12, 2026
2026
10-K

10-K 2025 FY

FY

November 18, 2025
October 03, 2025
2025
8-K

8-K 2025

N/A

November 18, 2025
November 18, 2025
2025
8-K

8-K 2025

N/A

September 11, 2025
September 05, 2025
2025
Showing 1 to 10 of 133 filings