Varex Imaging (VREX) Financial Statements & Analysis

Varex Imaging (VREX) Income Statement

Varex Imaging reported revenue of $844.60M in fiscal 2025 (fiscal year ended Oct 3, 2025), up 4.1% from $811.00M a year earlier. Varex Imaging posted a net loss of $70.30M, compared with a net loss of $48.80M a year earlier. Gross margin was 34.4% and operating margin -3.3%. In the most recent quarter, Q3 fiscal 2026 (ended Jul 3, 2026), revenue was $210.50M, up 3.7% from the same quarter a year earlier.

Varex Imaging Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Varex Imaging Corporation income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Oct 2025	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Oct 2021	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Revenue & Gross Profit
Revenue	844.60	844.60	811.00	893.40	859.40	818.10	818.10	738.30	780.60	773.40	698.10
Cost of Revenue	554.10	554.10	554.10	603.10	575.90	546.40	546.60	548.10	523.90	519.50	444.60
Gross Profit	290.50	290.50	256.90	290.30	283.50	271.50	271.50	190.20	256.70	253.90	253.50
Operating Expenses
Research & Development	91.10	91.10	87.00	84.80	77.00	71.90	71.90	78.90	78.10	83.00	67.30
Selling, General & Administrative	133.30	133.30	137.80	128.40	118.30	124.70	125.50	142.20	128.10	126.40	102.50
Operating Expenses	318.30	224.40	224.80	213.20	195.30	197.40	197.40	223.90	206.20	209.40	169.80
Operating Income	-27.80	66.10	32.10	77.10	88.20	74.10	74.10	-33.70	8.20	44.50	83.70
Other Income/Expense
Interest Income	8.50	8.50	7.30	3.70	0.40	0.10	0.10	0.10	0.10	0.20	0.20
Interest Expense	-35.50	32.70	26.80	29.30	41.00	-42.10	43.40	31.40	21.10	21.70	12.30
Other Income/Expense	-31.40	-98.30	-4.20	-45.80	-43.70	-45.50	-45.50	-38.90	0.00	-18.80	-8.90
Income
Income Before Tax	-59.20	-59.20	5.00	31.30	44.50	28.60	28.60	-72.60	21.50	25.70	74.80
Income Tax Expense	10.70	10.70	53.30	-17.40	13.70	10.70	10.70	-15.20	5.70	-2.60	22.80
Net Income	-70.30	-70.30	-48.80	48.20	30.30	17.40	17.40	-57.90	15.50	27.50	51.60
Net Income - Continuous Operations	-	-69.90	-48.30	48.20	30.30	-	17.40	-57.90	15.50	27.50	51.60
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-
EBITDA	93.30	0.70	62.90	94.70	114.50	112.40	104.50	-8.70	83.90	89.70	111.10
EBIT	66.10	-26.50	31.80	58.00	80.90	75.10	-	-	-	-	-
Depreciation & Amortization	27.20	27.20	31.10	33.20	33.60	37.30	37.30	39.50	39.20	42.20	27.40
Earnings Per Share
Basic EPS	-2.00	-2.00	-1.00	1.00	1.00	-	-	-1.00	-	1.00	1.00
Diluted EPS	-2.00	-2.00	-1.00	1.00	1.00	-	-	-1.00	-	1.00	1.00
Basic Shares Outstanding	41.40	41.40	40.80	40.30	39.80	39.30	39.30	38.80	38.20	37.90	37.60
Diluted Shares Outstanding	41.40	41.40	40.80	50.30	41.60	40.30	40.30	38.80	38.60	38.40	38.00

Source: Company financial statements from annual and quarterly filings. Data as of Jul 3, 2026. Data sources and methodology

Frequently Asked Questions About Varex Imaging Financial Statements

What was Varex Imaging's revenue in fiscal 2025?

Varex Imaging reported revenue of $844.60M in fiscal 2025 (fiscal year ended Oct 3, 2025). That was up 4.1% from $811.00M a year earlier.

Is Varex Imaging profitable?

No. Varex Imaging reported a net loss of $70.30M in fiscal 2025. In fiscal 2024 it lost $48.80M.

What is Varex Imaging's operating margin?

Varex Imaging's operating income was −$27.80M on revenue of $844.60M in fiscal 2025, an operating margin of -3.3%, compared with 4.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition