← Varex Imaging Corp
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues, net | $698.1m | $773.4m | $780.6m | $738.3m | $818.1m | $859.4m | $893.4m | $811.0m | $844.6m | $857.5m | |
| Cost of revenues | $444.6m |
$519.5m
+16.85%
|
$523.9m
+0.85%
|
$548.1m
+4.62%
|
$546.6m
-0.27%
|
$575.9m
+5.36%
|
$603.1m
+4.72%
|
$554.1m
-8.12%
|
$554.1m
0.00%
|
$569.8m
+2.83%
|
|
| Gross profit | $253.5m |
$253.9m
+0.16%
|
$256.7m
+1.10%
|
$190.2m
-25.91%
|
$271.5m
+42.74%
|
$283.5m
+4.42%
|
$290.3m
+2.40%
|
$256.9m
-11.51%
|
$290.5m
+13.08%
|
$287.7m
-0.96%
|
|
| Research and development | $67.3m | $83.0m | $78.1m | $78.9m | $71.9m | $77.0m | $84.8m | $87.0m | $91.1m | $89.5m | |
| Selling, general, and administrative | $102.5m | $123.4m | $128.1m | $142.2m | $125.5m | $118.3m | $128.4m | $137.8m | $133.3m | $135.6m | |
| Total operating expenses | $169.8m | $209.4m | $211.0m | $223.9m | $197.4m | $195.3m | $213.2m | $224.8m | $318.3m | $225.1m | |
| Interest expense | ($12.3m) | ($21.7m) | ($21.1m) | ($31.4m) | ($42.1m) | ($39.8m) | ($29.3m) | ($30.2m) | ($35.5m) | $31.2m | |
| Interest income | $200k | $200k | $100k | $100k | $100k | $400k | $3.7m | $7.3m | $8.5m | $4.5m | |
| Other expense, net | $3.2m | $2.7m | ($3.2m) | ($7.6m) | ($3.5m) | ($4.3m) | ($20.2m) | ($4.2m) | ($4.4m) | — | |
| Interest and other expense, net | ($8.9m) | ($18.8m) | ($24.2m) | ($38.9m) | ($45.5m) | ($43.7m) | ($45.8m) | ($27.1m) | ($31.4m) | — | |
| (Loss) income before taxes | $74.8m | $25.7m | $21.5m | ($72.6m) | $28.6m | $44.5m | $31.3m | $5.0m | ($59.2m) | — | |
| Income tax expense (benefit) | $22.8m | ($2.6m) | $5.7m | ($15.2m) | $10.7m | $13.7m | ($17.4m) | $52.2m | $10.7m | $7.4m | |
| Less: Net income attributable to noncontrolling interests | $400k | $800k | $300k | $500k | $500k | $500k | $500k | $500k | $400k | — | |
| Basic (in USD per share) | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | — | |
| Diluted (in USD per share) | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | — | |
| Impairment of goodwill | — | — | — | — | — | — | $0 | $0 | $93.9m | — | |
| Operating (loss) income | $83.7m | $44.5m | $45.7m | ($33.7m) | $74.1m | $88.2m | $77.1m | $32.1m | ($27.8m) | — | |
| Net (loss) income | $52.0m | $28.3m | $15.8m | ($57.4m) | $17.9m | $30.8m | $48.7m | ($47.2m) | ($69.9m) | — | |
| Net (loss) income attributable to Varex | $51.6m | $27.5m | $15.5m | ($57.9m) | $17.4m | $30.3m | $48.2m | ($47.7m) | ($70.3m) | — |