Varex Imaging Corp. (VREX)
Nasdaq · Electronic Components, Nec · Manufacturing · CIK 1681622 · fiscal year ends in Oct
Closing price $18.44 on 29 Oct 2026; 52-week range $9.32 to $18.58.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $865.0M
- Revenue growth
- 5.3%
- Net income, last twelve months
- $22.1M
- Earnings per share
- $0.52
- Gross margin
- 34.3%
- Operating margin
- 8.3%
- Net margin
- 2.6%
- Free cash flow
- -$20.2M
- Return on equity
- 4.5%
- Market value
- $777.2M
- Price to earnings
- 35.5x
- Cash
- $99.2M
- Debt
- $347.1M
- Debt to equity
- 0.70
- Shares outstanding
- 42.1M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 3 Oct 2025 | $844.6M | -$27.8M | -$70.3M | -$1.70 | $18.8M | 10-K filed 18 Nov 2025 |
| FY2024 | 27 Sep 2024 | $811.0M | $32.1M | -$48.8M | -$1.20 | $20.4M | 10-K filed 19 Nov 2024 |
| FY2023 | 29 Sep 2023 | $893.4M | $77.1M | $47.4M | $1.08 | $87.7M | 10-K filed 16 Nov 2023 |
| FY2022 | 30 Sep 2022 | $859.4M | $88.2M | $30.3M | $0.73 | -$4.4M | 10-K filed 18 Nov 2022 |
| FY2021 | 1 Oct 2021 | $818.1M | $74.1M | $17.4M | $0.43 | $77.5M | 10-K filed 19 Nov 2021 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q3 FY2026 | 3 Jul 2026 | $210.5M | $15.7M | $0.37 |
| Q2 FY2026 | 3 Apr 2026 | $216.0M | -$8.1M | -$0.19 |
| Q1 FY2026 | 2 Jan 2026 | $209.6M | $2.3M | $0.05 |
| Q4 FY2025 | 3 Oct 2025 | $228.9M | $12.2M | $0.29 |
| Q3 FY2025 | 4 Jul 2025 | $203.0M | -$89.1M | -$2.15 |
| Q2 FY2025 | 4 Apr 2025 | $212.9M | $6.9M | $0.17 |
| Q1 FY2025 | 3 Jan 2025 | $199.8M | -$300.0K | -$0.01 |
| Q4 FY2024 | 27 Sep 2024 | $205.7M | -$50.0M | -$1.22 |
Revenue by segment
As the company reports it in the segment note of its annual report.
By business, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Medical | $592.6M | 70.2% |
| Industrial | $252.0M | 29.8% |
By region, FY2025
| Segment | Revenue | Share |
|---|---|---|
| Other | $317.9M | 37.6% |
| United States | $254.9M | 30.2% |
| Japan | $143.5M | 17.0% |
| China | $128.3M | 15.2% |
Company events
The newest 8-K filings of 91 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 29 Oct 2026 | 8-K/A | Shareholder vote | 5.07 |
| 29 Oct 2026 | 8-K | Shareholder vote | 5.07 |
| 22 Oct 2026 | 8-K | Other events | 8.01 |
| 10 Aug 2026 | 8-K | Leadership change, Material agreement, Investor update | 1.01, 5.02, 7.01, 9.01 |
| 10 Aug 2026 | 8-K | Results | 2.02, 9.01 |
| 7 May 2026 | 8-K | Results | 2.02, 9.01 |
| 16 Mar 2026 | 8-K | Material agreement, Agreement ended, New debt, Other events | 1.01, 1.02, 2.03, 8.01, 9.01 |
| 13 Feb 2026 | 8-K | Shareholder vote | 5.07 |
| 10 Feb 2026 | 8-K | Results | 2.02, 9.01 |
| 18 Nov 2025 | 8-K | Results | 2.02, 9.01 |
| 11 Sep 2025 | 8-K | Leadership change | 5.02 |
| 7 Aug 2025 | 8-K | Results | 2.02, 9.01 |
Every filing
The newest filings with the SEC of 195 held.
| Filed | Form | Period |
|---|---|---|
| 29 Oct 2026 | 8-K/A | 28 Oct 2026 |
| 29 Oct 2026 | 8-K | 28 Oct 2026 |
| 22 Oct 2026 | DEFA14A | – |
| 22 Oct 2026 | 8-K | 22 Oct 2026 |
| 21 Sep 2026 | DEFM14A | – |
| 8 Sep 2026 | PREM14A | 8 Sep 2026 |
| 12 Aug 2026 | DEFA14A | – |
| 10 Aug 2026 | DEFA14A | – |
| 10 Aug 2026 | DEFA14A | – |
| 10 Aug 2026 | DEFA14A | – |
| 10 Aug 2026 | 10-Q | 3 Jul 2026 |
| 10 Aug 2026 | DEFA14A | – |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 14 Sep 2026 | Kunkel Jay K., Director | Sale outside a trading plan | 8,121 | $18.48 | $150.1K | 15,329 | 15 Sep 2026 |
| 11 Sep 2026 | Maheshwari Shubham, Chief Financial Officer | Sale outside a trading plan | 130,000 | $18.46 | $2.4M | 139,972 | 15 Sep 2026 |
| 20 Mar 2026 | Kunkel Jay K., Director | Sale outside a trading plan | 4,510 | $11.14 | $50.2K | 23,450 | 23 Mar 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 14 Sep 2026 | Kunkel Jay K., Director | 8,121 | $150.1K | 14 Sep 2026 |
| 11 Sep 2026 | Maheshwari Shubham, Officer | 130,000 | $2.4M | 11 Sep 2026 |
| 20 Mar 2026 | Kunkel Jay K., Director | 4,510 | $50.2K | 20 Mar 2026 |
| 11 Dec 2025 | Honeysett Kimberley E., Officer | 4,000 | $46.8K | 11 Dec 2025 |
| 21 Nov 2025 | Honeysett Kimberley E., Officer | 4,000 | $41.2K | 21 Nov 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 7 Oct 2026 | Allspring Global Investments Holdings, LLC | 13G amended | 0% | 0 |
| 5 Oct 2026 | PZENA INVESTMENT MANAGEMENT LLC | 13G amended | 4.2% | 1.8M |
| 31 Jul 2026 | Vanguard Capital Management | 13G | 5.1% | 2.1M |
| 27 Mar 2026 | The Vanguard Group | 13G amended | 0% | 0 |
| 31 Oct 2025 | The Vanguard Group | 13G amended | 7.2% | 3.0M |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 1.6M | -1.15% | 3.53 |
| 30 Sep 2026 | 1.7M | +17.43% | 2.73 |
| 15 Sep 2026 | 1.4M | +12.09% | 1.88 |
| 31 Aug 2026 | 1.3M | -17.99% | 1.63 |
| 14 Aug 2026 | 1.5M | +23.76% | 1 |
| 31 Jul 2026 | 1.2M | +2.16% | 3.89 |
| 15 Jul 2026 | 1.2M | -7.46% | 3.02 |
| 30 Jun 2026 | 1.3M | +3.25% | 2.2 |
Funds that hold it
From each fund's latest Form 13F.
207 funds held it at 30 Jun 2026: 93 added and 56 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Pzena Investment Management LLC | 4,344,381 | $45.3M | +352,101 |
| BlackRock, Inc. | 3,894,891 | $40.6M | +77,061 |
| Allspring Global Investments Holdings, LLC | 2,283,986 | $24.4M | -363,277 |
| Neuberger Berman Group LLC | 2,082,597 | $21.7M | +157,648 |
| LSV Asset Management | 1,869,944 | $19.5M | +107,848 |
| Vanguard Capital Management LLC | 1,867,162 | $19.5M | +46,826 |
| Rice Hall James & Associates, LLC | 1,445,853 | $15.1M | +171,035 |
| Acadian Asset Management LLC | 1,140,888 | $11.9M | +389 |
| State Street Corp. | 1,116,509 | $11.6M | +50,200 |
| Geode Capital Management, LLC | 1,097,969 | $11.5M | +57,740 |
Peers
Companies in the same industry.
- Vertiv Holdings Co. (VRT): revenue $13.1B, market value $94.7B
- Advanced Energy Industries Inc. (AEIS): revenue $2.0B, market value $9.6B
- Impinj Inc. (PI): revenue $387.6M, market value $5.6B
- Vicor Corp. (VICR): revenue $560.7M, market value $2.4B