Varex Imaging Corp (VREX) financials
Varex Imaging revenue and earnings by year
Varex Imaging's revenue was $845 million in the fiscal year to October 3, 2025, up 4.1% from the year before. Net income was -$70.3 million, -8.3% of revenue. Since the fiscal year to September 30, 2016, revenue has grown 3.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Oct 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Oct 2021 | Oct 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 845 | 811 | 893 | 859 | 818 | 738 | 781 | 773 | 698 | 620 |
| Revenue growth | 4.1% | -9.2% | 4.0% | 5.0% | 10.8% | -5.4% | 0.9% | 10.8% | 12.6% | — |
| Gross profit | 291 | 257 | 290 | 284 | 272 | 190 | 257 | 254 | 254 | 248 |
| Gross margin | 34.4% | 31.7% | 32.5% | 33.0% | 33.2% | 25.8% | 32.9% | 32.8% | 36.3% | 40.1% |
| Operating income | -28 | 32 | 77 | 88 | 74 | -34 | 46 | 45 | 84 | 109 |
| Operating margin | -3.3% | 4.0% | 8.6% | 10.3% | 9.1% | -4.6% | 5.9% | 5.8% | 12.0% | 17.6% |
| Net income | -70 | -49 | 47 | 30 | 17 | -58 | 16 | 28 | 52 | 69 |
| Net margin | -8.3% | -6.0% | 5.3% | 3.5% | 2.1% | -7.8% | 2.0% | 3.6% | 7.4% | 11.0% |
| Diluted EPS | -$1.70 | -$1.20 | $1.07 | $0.73 | $0.43 | -$1.49 | $0.40 | $0.72 | $1.36 | — |
| Free cash flow | 19 | 20 | 88 | -4 | 78 | -10 | 52 | 65 | 55 | 45 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open VREX in Markets.
How Varex Imaging makes money
Revenue by segment in the quarter to July 3, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Medical | $134M | 63.7% |
| Industrial | $76.5M | 36.3% |
See also: VREX valuation and P/E history · VREX returns
No forecast, no recommendation. This page describes Varex Imaging Corp from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.