In fiscal 2025, which ended Oct 3, 2025, Varex Imaging Corp reported revenue of $844.6 million, up 4.1% from the year before. It recorded a net loss of $70.3 million. The operating loss came to $27.8 million, an operating margin of -3.3%. Diluted earnings per share were -$1.70. Over the twelve months ended Jul 3, 2026, revenue was $865.0 million and net income was $22.1 million. Across the 9 fiscal years shown, revenue grew from $698.1 million in fiscal 2017 to $844.6 million in fiscal 2025, about 2.4% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jul 3, 2026
|
FY 2025
Oct 3, 2025
|
FY 2024
Sep 27, 2024
|
FY 2023
Sep 29, 2023
|
FY 2022
Sep 30, 2022
|
FY 2021
Oct 1, 2021
|
FY 2020
Oct 2, 2020
|
FY 2019
Sep 27, 2019
|
FY 2018
Sep 28, 2018
|
FY 2017
Sep 29, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
865
+5.3%
|
845
+4.1%
|
811
-9.2%
|
893
+4.0%
|
859
+5.0%
|
818
+10.8%
|
738
-5.4%
|
781
+0.9%
|
773
+10.8%
|
698
|
| Cost of revenue |
568
+4.9%
|
554
+0.0%
|
554
-8.1%
|
603
+4.7%
|
576
+5.4%
|
547
-0.3%
|
548
+4.6%
|
524
+0.8%
|
520
+16.8%
|
445
|
| Gross profit |
297
+6.1%
|
290
+13.1%
|
257
-11.5%
|
290
+2.4%
|
284
+4.4%
|
272
+42.7%
|
190
-25.9%
|
257
+1.1%
|
254
+0.2%
|
254
|
| Research and development |
91
+2.9%
|
91
+4.7%
|
87
+2.6%
|
85
+10.1%
|
77
+7.1%
|
72
-8.9%
|
79
+1.0%
|
78
-5.9%
|
83
+23.3%
|
67
|
| Selling, general and administrative |
133
-0.2%
|
133
-3.3%
|
138
+7.3%
|
128
+8.5%
|
118
-5.7%
|
126
-11.7%
|
142
+11.0%
|
128
+3.8%
|
123
+20.4%
|
102
|
| Operating income |
72
+297.8%
|
-28
-186.6%
|
32
-58.4%
|
77
-12.6%
|
88
+19.0%
|
74
+319.9%
|
-34
-173.7%
|
46
+2.7%
|
44
-46.8%
|
84
|
| Interest income |
3
-68.8%
|
8
+16.4%
|
7
+97.3%
|
4
+825.0%
|
0
+300.0%
|
0
+0.0%
|
0
+0.0%
|
0
-50.0%
|
0
+0.0%
|
0
|
| Interest expense |
39
+10.2%
|
36
+17.5%
|
30
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Other non-operating income (expense) |
-9
-2.4%
|
-4
-4.8%
|
-4
+79.2%
|
-20
-369.8%
|
-4
-22.9%
|
-4
+53.9%
|
-8
-137.5%
|
-3
-218.5%
|
3
-15.6%
|
3
|
| Pretax income |
28
+139.1%
|
-59
-1284.0%
|
5
-84.0%
|
31
-29.7%
|
44
+55.6%
|
29
+139.4%
|
-73
-437.7%
|
22
-16.3%
|
26
-65.6%
|
75
|
| Income tax |
5
-91.7%
|
11
-79.9%
|
53
+421.1%
|
-17
-221.2%
|
14
+28.0%
|
11
+170.4%
|
-15
-366.7%
|
6
+319.2%
|
-3
-111.4%
|
23
|
| Net income |
22
+116.5%
|
-70
-44.1%
|
-49
-203.0%
|
47
+56.4%
|
30
+74.1%
|
17
+130.1%
|
-58
-473.5%
|
16
-43.6%
|
28
-46.7%
|
52
|
| Basic EPS |
0.53
+116.3%
|
-1.70
-41.7%
|
-1.20
-201.7%
|
1.18
+55.3%
|
0.76
+72.7%
|
0.44
+129.5%
|
-1.49
-463.4%
|
0.41
-43.8%
|
0.73
-46.7%
|
1.37
|
| Diluted EPS |
0.52
+116.0%
|
-1.70
-41.7%
|
-1.20
-212.1%
|
1.07
+46.6%
|
0.73
+69.8%
|
0.43
+128.9%
|
-1.49
-472.5%
|
0.40
-44.4%
|
0.72
-47.1%
|
1.36
|
| Weighted average shares, basic |
42
+1.6%
|
41
+1.5%
|
41
+1.2%
|
40
+1.3%
|
40
+1.3%
|
39
+1.3%
|
39
+1.6%
|
38
+0.8%
|
38
+0.8%
|
38
|
| Weighted average shares, diluted |
42
+3.5%
|
41
+1.5%
|
41
-18.9%
|
50
+20.9%
|
42
+3.2%
|
40
+3.9%
|
39
+0.5%
|
39
+0.5%
|
38
+1.1%
|
38
|
| Other measures | ||||||||||
| Depreciation and amortization |
23
-1.3%
|
23
+9.4%
|
21
+8.7%
|
20
+2.6%
|
19
-7.3%
|
20
-8.1%
|
22
-5.1%
|
24
-9.6%
|
26
+53.8%
|
17
|
| EBITDA |
95
+815.0%
|
-5
-108.6%
|
53
-44.8%
|
97
-9.9%
|
107
+13.3%
|
95
+929.8%
|
-11
-116.5%
|
69
-1.8%
|
70
-29.9%
|
101
|
| Interest coverage |
1.86x
|
-0.78x
|
1.06x
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Margins | ||||||||||
| Gross margin |
34.32%
|
34.39%
|
31.68%
|
32.49%
|
32.99%
|
33.19%
|
25.76%
|
32.88%
|
32.83%
|
36.31%
|
| Operating margin |
8.35%
|
-3.29%
|
3.96%
|
8.63%
|
10.26%
|
9.06%
|
-4.56%
|
5.85%
|
5.75%
|
11.99%
|
| Pretax margin |
3.20%
|
-7.01%
|
0.62%
|
3.50%
|
5.18%
|
3.50%
|
-9.83%
|
2.75%
|
3.32%
|
10.71%
|
| Profit margin |
2.55%
|
-8.32%
|
-6.02%
|
5.31%
|
3.53%
|
2.13%
|
-7.84%
|
1.99%
|
3.56%
|
7.39%
|
| EBITDA margin |
10.99%
|
-0.54%
|
6.57%
|
10.81%
|
12.47%
|
11.56%
|
-1.54%
|
8.86%
|
9.12%
|
14.41%
|
| Effective tax rate |
18.77%
|
—
|
1,066.00%
|
-53.04%
|
30.79%
|
37.41%
|
—
|
26.51%
|
-10.12%
|
30.48%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Electronic Components, NEC (SIC 3679)
- Listed as
- VREX (Nasdaq)
- Fiscal year ends
- October 2
- Incorporated in
- DE
- Headquarters
- Salt Lake City, UT
- SEC filer status
- Accelerated filer
- SEC CIK
- 1681622
- Former names
- Varex Imaging Corp (until Oct 29, 2026)
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.