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Varex Imaging(NASDAQ) VREX

Market Cap$777.17MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2017)-54%
5 Year-34%
1 Year+95%
1 Month+67%
$18.45
+48.67%
+6.04Today
After hours$18.45+$0.00 (+0.00%)
Varex Imaging last closing stock price
MetricPriceDate
Last closeUSD 18.462026-08-10
Varex Imaging stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+54.87%USD 11.922026-08-03
1 month+67.06%USD 11.052026-07-10
3 month+87.03%USD 9.872026-05-12
Year to date+58.45%USD 11.652025-12-31
1 year+94.73%USD 9.482025-08-08
3 year-11.42%USD 20.842023-08-11
5 year-33.62%USD 27.812021-08-11
Since inception-54.49%USD 27.272017-01-30

Varex Imaging Financials at a Glance

Market Cap

$777.17MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$865.00M

Net Income (TTM)

$22.10M

EPS (TTM)

-$1.99

P/E Ratio

-9.26

Dividend

$0.00

Beta (Volatility)

1.12 (Average)

Price

$18.45

Volume

2,236.103

Open

$18.39

Previous Close

$18.46

Daily Range

$18.37 - $18.49

52-Week Range

$9.09 - $18.49

Estimated Earnings Date

Aug 10, 2026

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About Varex Imaging

Varex makes parts for medical and security X-ray machines. These components help doctors see inside the human body. They also help security teams scan luggage at airports.

Behind the X-Ray

  • Medical Components: Imaging tubes, digital detectors, and software for diagnostics; $144.8 million in revenue for Q1 2026.
  • Industrial Products: High-energy accelerators and detectors for cargo and border security; $64.8 million in revenue for Q1 2026.
  • Digital Detectors: Flat panel tools that convert X-ray radiation into digital images for processing.
  • Imaging Software: Specialized programs used for 3D reconstruction and computer-aided cancer screening.

Growing the Footprint

  • Partnered with CETTEEN to form VEC Imaging to develop new X-ray technology.
  • Maintains a 40% ownership interest in dpiX Holding to secure key digital panel supplies.
  • Issued $125 million in additional Senior Secured Notes in December 2024 to raise capital.
  • Committed $7.3 million in January 2026 to purchase new manufacturing equipment for operations.

What Makes Varex Unique?

Varex serves as a primary supplier for global systems manufacturers such as Canon Medical Systems Corporation. The company maintains an active research program focused on next-generation digital imaging and photon counting technology.

The Latest Financial Facts

  • Revenue rose to $209.6 million in Q1 2026, up 4.9% from Q1 2025.
  • Operating income reached $15.4 million in Q1 2026, up 37.5% year-over-year.
  • Net income improved to $2.3 million in Q1 2026, up 866.7% from a loss in Q1 2025.
  • Free cash flow was negative $26.8 million in Q1 2026, which worsened from $5.3 million in Q1 2025.
  • Total debt outstanding was $367.6 million as of January 2, 2026.

Final Word

Varex has evolved from a specialized component maker into a global provider of diverse imaging subsystems. Its focus on both medical and industrial sectors provides a balanced revenue stream across multiple high-stakes markets.

AI Generated • May 6, 2026

Industry

Healthcare Equipment and Supplies

Employees

2,400

CEO

Sunny S. Sanyal, MBA

Headquarters

Salt Lake City, UT 84104, US

VREX Financials

Key Financial Metrics (TTM)

Gross Margin

34.32%

Operating Margin

8.35%

Net Income Margin

2.55%

Return on Equity

4.60%

Return on Capital

-3.18%

Return on Assets

2.01%

Earnings Yield

-10.80%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$777.17MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

42.10M

Volume

2.24K

Avg. Volume

634.29K

Financials (TTM)

Gross Profit

$296.90M

Operating Income

$72.20M

EBITDA

$86.90M

Operating Cash Flow

-$2.00M

Capital Expenditure

-$28.80M

Free Cash Flow

-$30.80M

Cash & ST Invst.

$99.20M

Total Debt

$373.60M

Varex Imaging Performance Analysis

Varex Imaging annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-09-30USD 859,400,0005.0%
20232023-09-30USD 893,400,0004.0%
20242024-09-30USD 811,000,000-9.2%
20252025-09-30USD 844,600,0004.1%
Varex Imaging sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-10-0312.8%
Q12026-01-02-8.4%
Q22026-04-033.1%
Q32026-07-03-2.5%
Varex Imaging annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-09-30USD 0.7368.7%
20232023-09-30USD 0.9631.5%
20242024-09-30USD -1.20N/A
20252025-09-30USD -1.7042.0%
Varex Imaging sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q42025-10-03113.5%
Q12026-01-02-81.2%
Q22026-04-03-449.3%
Q32026-07-03294.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q3 2026YOY CHG

Revenue

$210.50M

+3.7%

Gross Profit

$76.70M

+13.6%

Gross Margin

36.44%

N/A

Market Cap

$777.17MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$317.21K

N/A

Employees

2,450

N/A

Net Income

$15.70M

+117.6%

EBITDA

$22.00M

+130.9%

Quarterly Fundamentals

Name
Q3 2026YOY CHG

Total Cash

$99.20M

-35.0%

Total Debt

$373.60M

-5.9%

Accounts Receivable

$144.70M

+5.0%

Inventory

$347.10M

+16.2%

Long Term Debt

$350.90M

-10.3%

Short Term Debt

$22.70M

+291.4%

Return on Assets

2.01%

N/A

Return on Invested Capital

7.91%

N/A

Free Cash Flow

-$7.70M

-178.6%

Operating Cash Flow

-$1.50M

-109.0%

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Questions About VREX

What is the current price of Varex Imaging?

Varex Imaging is trading at $18.46 per share.

What is the 52-week range for Varex Imaging?

Over the past 52 weeks, Varex Imaging has traded between $9.09 and $18.49.

How much debt does Varex Imaging have?

As of the most recent reporting period, Varex Imaging reported total debt of $381.00M.

How much cash does Varex Imaging have on hand?

Varex Imaging reported $85.30M in cash and cash equivalents in its most recent financial results.

What is Varex Imaging’s dividend yield?

Varex Imaging does not currently have a dividend yield.

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