Varex Imaging Corp (VREX) Financial Statements
Industry: Electronic Components (Other)
In fiscal 2025, Varex Imaging reported revenue of $844.6M, up 4.1% from $811.0M the year before. Net income was -$70.3M (a -8.3% net margin), or -$1.70 per diluted share. Gross margin was 34.4% and operating margin was -3.3%. Operating activities generated $41.7M of cash, leaving $18.8M of free cash flow. At fiscal year end, Varex Imaging held $1.11B in total assets against $620.8M in total liabilities, including $145.0M of cash and equivalents.
Open the full interactive Varex Imaging financials → Quarterly statements, key ratios, valuation history and price charts.
Varex Imaging Key Stats
| Share Price | $18.47 |
|---|---|
| Market Cap | $786.8M |
| Revenue YoY Growth | +4.1% |
| 52-Week Range | $9.32 – $18.58 |
| Shares Outstanding | 42.1 million (basic, 2026 Q3) |
Varex Imaging Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $738.3M | $818.1M | $859.4M | $893.4M | $811.0M | $844.6M |
| Cost of Goods Sold | — | — | — | $603.1M | $554.1M | $554.1M |
| Gross Profit | $190.2M | $271.5M | $283.5M | $290.3M | $256.9M | $290.5M |
| Operating Income | -$33.7M | $74.1M | $88.2M | $77.1M | $32.1M | -$27.8M |
| Pre-Tax Income | -$72.6M | $28.6M | $44.5M | $31.3M | $5.0M | -$59.2M |
| Income Tax | -$15.2M | $10.7M | $13.7M | -$17.4M | $52.2M | $10.7M |
| Net Income | -$57.9M | $17.4M | $30.3M | $48.2M | -$47.7M | -$70.3M |
| Diluted EPS | -$1.49 | $0.43 | $0.73 | $1.08 | -$1.17 | -$1.70 |
Varex Imaging Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $228.9M | $209.6M | $216.0M | $210.5M |
| Net Income | $12.2M | $2.3M | -$8.1M | $15.7M |
| Diluted EPS | $0.29 | $0.05 | -$0.19 | $0.37 |
Varex Imaging Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $100.6M | $144.6M | $89.4M | $152.6M | $168.7M | $145.0M |
| Current Assets | $522.0M | $554.2M | $609.9M | $658.3M | $649.9M | $641.8M |
| Total Assets | $1.14B | $1.15B | $1.18B | $1.25B | $1.22B | $1.11B |
| Current Liabilities | $160.6M | $166.6M | $173.1M | $162.8M | $195.9M | $187.2M |
| Total Long-Term Debt | $455.3M | $434.5M | $414.4M | $442.6M | $443.4M | $367.5M |
| Total Liabilities | $673.7M | $651.0M | $637.7M | $668.6M | $667.8M | $620.8M |
| Shareholders' Equity | $451.7M | $483.3M | $533.4M | $567.7M | $535.1M | $472.6M |
Varex Imaging Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $13.2M | $92.6M | $16.9M | $108.4M | $47.3M | $41.7M |
| Cash From Investing | -$26.9M | -$16.2M | -$48.4M | -$44.9M | -$27.5M | $10.3M |
| Cash From Financing | $83.6M | -$32.3M | -$23.8M | -$200,000 | -$3.3M | -$75.9M |
| Free Cash Flow | -$10.3M | $77.5M | -$4.4M | $87.7M | $20.4M | $18.8M |
Figures from Varex Imaging's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Varex Imaging financials page for every line item.
Varex Imaging Company Profile
| Ticker | VREX |
|---|---|
| Exchange | Nasdaq |
| Industry | Electronic Components (Other) |
| Headquarters | Salt Lake City, Utah |
| Incorporated in | Delaware |
| Fiscal Year End | October 2 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001681622 |
Frequently Asked Questions
What was Varex Imaging's revenue in fiscal 2025?
Varex Imaging (VREX) reported revenue of $844.6M for fiscal 2025.
What is Varex Imaging's annual revenue history?
Varex Imaging's annual revenue by fiscal year: 2020: $738.3M; 2021: $818.1M; 2022: $859.4M; 2023: $893.4M; 2024: $811.0M; 2025: $844.6M.
What was Varex Imaging's net income in fiscal 2025?
Varex Imaging reported net income of -$70.3M for fiscal 2025.
What was Varex Imaging's earnings per share (EPS) in fiscal 2025?
Varex Imaging's diluted EPS was -$1.70 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Varex Imaging generate in fiscal 2025?
Varex Imaging generated $18.8M of free cash flow in fiscal 2025.
What was Varex Imaging's revenue last quarter?
In its most recent reported quarter (2026 Q3), Varex Imaging reported revenue of $210.5M.
How much debt does Varex Imaging have?
Varex Imaging reported $367.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Varex Imaging are outstanding?
Varex Imaging reported a weighted average of 42.1 million basic shares outstanding in 2026 Q3.
What is Varex Imaging's market cap?
Based on its latest closing price, Varex Imaging (VREX) has a market capitalization of about $786.8M.
When does Varex Imaging's fiscal year end?
Varex Imaging's fiscal year end, as registered with the SEC, is October 2.
Where is Varex Imaging headquartered?
Varex Imaging lists its business address in Salt Lake City, Utah in its SEC filings.