Company research
Varex Imaging Corp
CIK 1681622Updated Sep 25, 2026
SecurityVREX · NASDAQ · equity
Name history
Varex Imaging Corp · through Sep 21, 2026
VREX price & chart
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NASDAQ:VREX on TradingView ↗About the company
Varex Imaging Corporation is a leading innovator, designer, and manufacturer of X-ray imaging components, which include X-ray tubes, digital detectors, and other image processing solutions that are key components of X-ray imaging systems, as well as X-ray imaging systems for industrial applications. Headquartered in Salt Lake City, Utah, Varex employs approximately 2,400 people located in North America, Europe, and Asia. For more information, visit vareximaging.com.
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Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 1,107,400,000Source | 1,217,000,000Source | 1,249,600,000Source | 1,184,400,000Source |
| GoodwillUSD | 198,400,000Source | 291,000,000Source | 288,500,000Source | 284,500,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 14,000,000Source | 16,100,000Source | 22,400,000Source | 33,600,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 145,000,000Source | 168,700,000Source | 152,600,000Source | 89,400,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 156,600,000Source | 157,700,000Source | 163,600,000Source | 173,300,000Source |
| Inventory, NetUSD | 299,400,000Source | 264,800,000Source | 277,500,000Source | 303,200,000Source |
| Assets, CurrentUSD | 641,800,000Source | 649,900,000Source | 658,300,000Source | 609,900,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 30,700,000Source | 26,900,000Source | 64,600,000Source | 44,000,000Source |
| Operating Lease, Right-of-Use AssetUSD | 29,400,000Source | 28,300,000Source | 29,000,000Source | 23,200,000Source |
| Other Assets, NoncurrentUSD | 38,600,000Source | 46,800,000Source | 37,500,000Source | 43,200,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 620,800,000Source | 667,800,000Source | 668,600,000Source | 637,700,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | — | — | 0Source |
| Common Stock, Value, IssuedUSD | — | — | — | 400,000Source |
| Additional Paid in CapitalUSD | 483,300,000Source | 467,200,000Source | 450,400,000Source | 469,100,000Source |
| Retained Earnings (Accumulated Deficit)USD | -5,900,000Source | 70,400,000Source | 118,100,000Source | 63,800,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -5,200,000Source | -2,900,000Source | -1,200,000Source | 100,000Source |
| Stockholders' Equity Attributable to ParentUSD | 472,600,000Source | 535,100,000Source | 567,700,000Source | 533,400,000Source |
| Liabilities and EquityUSD | 1,107,400,000Source | 1,217,000,000Source | 1,249,600,000Source | 1,184,400,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 187,200,000Source | 195,900,000Source | 162,800,000Source | 173,100,000Source |
| Operating Lease, Liability, CurrentUSD | 4,400,000Source | 4,000,000Source | 3,800,000Source | 4,000,000Source |
| Accounts Payable, CurrentUSD | 69,900,000Source | 59,100,000Source | 64,700,000Source | 78,200,000Source |
| Operating Lease, Liability, NoncurrentUSD | 24,000,000Source | 23,000,000Source | 23,100,000Source | 18,000,000Source |
| Deferred Income Tax Liabilities, NetUSD | 5,500,000Source | 1,400,000Source | 0Source | 500,000Source |
| Other Liabilities, NoncurrentUSD | 38,100,000Source | 50,400,000Source | 41,600,000Source | 33,800,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 14,000,000Source | 14,100,000Source | 13,300,000Source | 13,300,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 98,400,000Source | 78,600,000Source | 82,600,000Source | 81,400,000Source |
| Deferred Tax Liabilities, NetUSD | 2,600,000Source | — | — | — |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 1,500,000Source | 46,300,000Source | 1,500,000Source | 2,100,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 366,000,000Source | 397,100,000Source | 441,100,000Source | 412,300,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -69,900,000Source | -47,200,000Source | 48,700,000Source | 30,800,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 15,000,000Source | 15,300,000Source | 13,500,000Source | 14,000,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -100,000Source | -6,700,000Source | -9,800,000Source | 18,100,000Source |
| Increase (Decrease) in InventoriesUSD | 39,900,000Source | -6,600,000Source | -20,200,000Source | 85,000,000Source |
| Increase (Decrease) in Accounts PayableUSD | 6,200,000Source | -3,200,000Source | -15,000,000Source | 19,700,000Source |
| Deferred Income Tax Expense (Benefit)USD | -700,000Source | 37,300,000Source | -40,100,000Source | -500,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 41,700,000Source | 47,300,000Source | 108,400,000Source | 16,900,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | -900,000Source | 1,000,000Source | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 10,300,000Source | -27,500,000Source | -44,900,000Source | -48,400,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 800,000Source | 1,100,000Source | 2,400,000Source | 1,400,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 22,900,000Source | 26,900,000Source | 20,700,000Source | 21,300,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 1,900,000Source | 2,200,000Source | 1,400,000Source | 2,800,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -75,900,000Source | -3,300,000Source | -200,000Source | -23,800,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -1,100,000Source | -1,000,000Source | -500,000Source | -300,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -23,300,000Source | 16,400,000Source | 63,400,000Source | -55,500,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 147,100,000Source | 170,400,000Source | 154,000,000Source | 90,600,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 31,300,000Source | 27,600,000Source | 27,400,000Source | 29,500,000Source |
| Income Taxes Paid, NetUSD | 18,600,000Source | 20,200,000Source | 16,700,000Source | 2,200,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 600,000Source | -100,000Source | 100,000Source | -200,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 15,000,000Source | 15,300,000Source | 13,500,000Source | 14,000,000Source |
| Amortization of Debt Issuance CostsUSD | — | 0Source | — | — |
| Amortization of Intangible AssetsUSD | 4,000,000Source | 9,900,000Source | 13,700,000Source | 14,600,000Source |
| DepreciationUSD | 23,200,000Source | 21,200,000Source | 19,500,000Source | 19,000,000Source |
| Equity Method Investment, Other than Temporary ImpairmentUSD | 0Source | 0Source | 16,400,000Source | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -3,000,000Source | -2,300,000Source | -1,000,000Source | -1,500,000Source |
| Gain (Loss) on Termination of LeaseUSD | — | 0Source | 0Source | -1,900,000Source |
| GoodwillUSD | 198,400,000Source | 291,000,000Source | 288,500,000Source | 284,500,000Source |
| Goodwill, Impairment LossUSD | 93,900,000Source | — | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | 93,900,000Source | — | — | 0Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | — | — | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | -2,300,000Source | -1,000,000Source | -1,400,000Source | -3,000,000Source |
| Income (Loss) from Equity Method Investments, Net of Dividends or DistributionsUSD | -2,700,000Source | -2,000,000Source | -1,600,000Source | -2,600,000Source |
| Income Tax Expense (Benefit)USD | 10,700,000Source | 52,200,000Source | -17,400,000Source | 13,700,000Source |
| InterestExpenseNonoperatingUSD | 35,500,000Source | 30,200,000Source | — | — |
| Inventory Write-downUSD | 3,800,000Source | 4,900,000Source | 5,600,000Source | 6,400,000Source |
| Investment Income, InterestUSD | 8,500,000Source | 7,300,000Source | 3,700,000Source | 400,000Source |
| Net Income (Loss) Attributable to ParentUSD | -70,300,000Source | -47,700,000Source | 48,200,000Source | 30,300,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 400,000Source | 500,000Source | 500,000Source | 500,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | 30,300,000Source |
| Nonoperating Income (Expense)USD | -31,400,000Source | -27,100,000Source | -45,800,000Source | -43,700,000Source |
| Operating ExpensesUSD | 318,300,000Source | 224,800,000Source | 213,200,000Source | 195,300,000Source |
| Other Nonoperating Income (Expense)USD | -4,400,000Source | -4,200,000Source | -20,200,000Source | -4,300,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 50,500,000Source | — | — | — |
| Proceeds from Stock Options ExercisedUSD | 0Source | 0Source | 200,000Source | 3,800,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 844,600,000Source | 811,000,000Source | 893,400,000Source | 859,400,000Source |
| Cost of RevenueUSD | 554,100,000Source | 554,100,000Source | 603,100,000Source | 575,900,000Source |
| Selling, General and Administrative ExpenseUSD | 133,300,000Source | 137,800,000Source | 128,400,000Source | 118,300,000Source |
| Operating Income (Loss)USD | -27,800,000Source | 32,100,000Source | 77,100,000Source | 88,200,000Source |
| Other Nonoperating Income (Expense)USD | -4,400,000Source | -4,200,000Source | -20,200,000Source | -4,300,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -59,200,000Source | 5,000,000Source | 31,300,000Source | 44,500,000Source |
| Income Tax Expense (Benefit)USD | 10,700,000Source | 52,200,000Source | -17,400,000Source | 13,700,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 400,000Source | 500,000Source | 500,000Source | 500,000Source |
| Net Income (Loss) Attributable to ParentUSD | -70,300,000Source | -47,700,000Source | 48,200,000Source | 30,300,000Source |
| Earnings Per Share, BasicUSD per share | -1.7Source | -1.17Source | 1.2Source | 0.76Source |
| Earnings Per Share, DilutedUSD per share | -1.7Source | -1.17Source | 1.08Source | 0.73Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 41,400,000Source | 40,800,000Source | 40,300,000Source | 39,800,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 41,400,000Source | 40,800,000Source | 50,300,000Source | 41,600,000Source |
| Interest Expense (non-operating)USD | 35,500,000Source | 30,200,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 4,000,000Source | 9,900,000Source | 13,700,000Source | 14,600,000Source |
| Current Income Tax Expense (Benefit)USD | 11,400,000Source | 14,900,000Source | 22,700,000Source | 14,200,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -3,000,000Source | -2,300,000Source | -1,000,000Source | -1,500,000Source |
| Goodwill, Impairment LossUSD | 93,900,000Source | — | — | — |
| Gross ProfitUSD | 290,500,000Source | 256,900,000Source | 290,300,000Source | 283,500,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -25,800,000Source | -15,100,000Source | -6,200,000Source | 16,400,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -2,300,000Source | -1,000,000Source | -1,400,000Source | -3,000,000Source |
| Interest ExpenseUSD | — | — | 29,300,000Source | 39,800,000Source |
| Investment Income, InterestUSD | 8,500,000Source | 7,300,000Source | 3,700,000Source | 400,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | 30,300,000Source |
| Nonoperating Income (Expense)USD | -31,400,000Source | -27,100,000Source | -45,800,000Source | -43,700,000Source |
| Operating ExpensesUSD | 318,300,000Source | 224,800,000Source | 213,200,000Source | 195,300,000Source |
| Reclassification from AOCI, Current Period, before Tax, Attributable to ParentUSD | — | -100,000Source | — | — |
| Research and Development ExpenseUSD | 91,100,000Source | 87,000,000Source | 84,800,000Source | 77,000,000Source |
Filing attachments
tm2622593d1_ex99-1.htm · 8-K · 2026-08-10
EX-99.1 3 tm2622593d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 NewsR elease Teledyne to Acquire Varex Imaging Corporation THOUSAND OAKS, Calif. and SALT LAKE CITY, Utah - August 10, 2026 - Teledyne Technologies Incorporated (NYSE:TDY) (“Teledyne”) and Varex Imaging Corporation (NASDAQ:VREX) (“Varex”) jointly announced today that they have entered into a definitive agreement under which Teledyne will acquire all of the outstanding common shares of Varex for $18.90 per share payable in cash. Th…
Read attachment ↗tm2622686d1_ex99-1.htm · 8-K · 2026-08-10
EX-99.1 2 tm2622686d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 VAREX ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER FISCAL YEAR 2026 SALT LAKE CITY, August 10, 2026 - Varex Imaging Corporation (Nasdaq: VREX) today announced its unaudited financial results for the third quarter fiscal year 2026. Q3FY26 Summary Revenues $211 million GAAP gross margin 36% | Non-GAAP gross margin* 37% GAAP operating margin 11% | Non-GAAP operating margin* 12% GAAP net income $0.37 per diluted share | …
Read attachment ↗