Varex Imaging Corporation

Varex Imaging Corporation

VREXยทNASDAQ

$10.15

+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$427.31M
EPS-1.7000
P/E Ratio-5.97
Earnings Date08/06/2026
3Y-5.0%
5Y-2.0%
10Y+8.0%
3Y-246.0%
5Y-332.0%
10Y-554.0%
3Y-62.0%
5Y+147.0%
10Y-42.0%
Varex Imaging Corporation

Varex Imaging Corporation Profit Bridge

VREX ยท NASDAQ
Revenue844.60M
Cost of Goods Sold (554.10M)
Gross Profit290.50M
Operating Expenses (318.30M)
Operating Income-27.80M
Interest Expense (35.50M)
Other Income/Expense-31.40M
Pretax Income-59.20M
Income Tax (10.70M)
Net Income-70.30M
Net Income
-70.30M

Profitability Analysis

Gross Margin

34.4%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

-3.3%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-8.3%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

Varex Imaging Corporation Income Statement

VREX โ€ข NASDAQ

Varex Imaging Corporation Income StatementOct 2025Sep 2024Sep 2024Sep 2023Sep 2023Sep 2022Oct 2021Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013
REVENUE
844.6M
811M
811M
893.4M
893.4M
859.4M
818.1M
818.1M
738.3M
780.6M
773.4M
698.1M
620.1M
632.3M
685.2M
669.8M
GROSS PROFIT
(554.1M)
(554.1M)
(554.1M)
(603.1M)
(603.1M)
(575.9M)
(546.6M)
(546.6M)
(548.1M)
(523.9M)
(519.5M)
(444.6M)
(371.7M)
(381.7M)
(406.6M)
(401.7M)
290.5M
256.9M
256.9M
290.3M
290.3M
283.5M
271.5M
271.5M
190.2M
256.7M
253.9M
253.5M
248.4M
250.6M
278.6M
268.1M
OPERATING INCOME
(318.3M)
(224.8M)
(224.8M)
(213.2M)
(213.2M)
(195.3M)
(197.4M)
(197.4M)
(221.1M)
(206.2M)
(209.4M)
(169.8M)
(139.3M)
(123.1M)
(102.6M)
(99.3M)
(133.3M)
(137.8M)
(137.8M)
(128.4M)
(128.4M)
(118.3M)
(125.5M)
(125.5M)
(142.2M)
(128.1M)
(126.4M)
(102.5M)
(85.8M)
(72.7M)
(62.6M)
(63.4M)
(91.1M)
(87M)
(87M)
(84.8M)
(84.8M)
(77M)
(71.9M)
(71.9M)
(78.9M)
(78.1M)
(83M)
(67.3M)
(53.5M)
(50.4M)
(40M)
(35.9M)
-27.8M
32.1M
32.1M
77.1M
77.1M
88.2M
74.1M
74.1M
-17.4M
8.2M
44.5M
83.7M
109.1M
127.5M
176M
168.8M
PRE-TAX INCOME
(35.5M)
(31.1M)
(31.1M)
(29.3M)
(29.3M)
(41M)
(43.4M)
(43.4M)
(31.4M)
(21.1M)
(21.7M)
(12.3M)
(1.9M)
(1.2M)
(900K)
(400K)
-27M
-23.8M
-23.8M
-25.6M
-25.6M
-40.6M
-43.3M
-43.3M
-31.3M
-21M
-21.5M
-12.1M
-1.6M
-700K
-600K
-200K
(93.9M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-900K
(500K)
-400K
(200K)
-31.4M
-27.1M
-27.1M
-45.8M
-45.8M
-43.7M
-45.5M
-45.5M
-38.9M
0.0
-18.8M
-8.9M
-4.1M
100K
-1.8M
2.5M
-59.2M
5M
5M
31.3M
31.3M
44.5M
28.6M
28.6M
-72.6M
21.5M
25.7M
74.8M
105M
127.6M
174.2M
171.3M
NET INCOME
(10.7M)
(52.2M)
(52.2M)
-17.4M
-17.4M
(13.7M)
(10.7M)
(10.7M)
-15.2M
(5.7M)
-2.6M
(22.8M)
(36M)
(46.8M)
(64.1M)
(61.7M)
-70.3M
-47.7M
-47.7M
48.2M
48.2M
30.3M
17.4M
17.4M
-57.9M
15.5M
27.5M
51.6M
68.5M
80M
110.1M
109.6M

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