Accuray Incorporated (ARAY) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ARAY Revenue Growth
Revenue Breakdown (FY 2025)
ARAY's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
ARAY Revenue Analysis (2014–2025)
As of May 8, 2026, Accuray Incorporated (ARAY) generated trailing twelve-month (TTM) revenue of $428.6 million, reflecting moderate decline in growth of -7.4% year-over-year. The most recent quarter (Q3 2026) recorded $104.8 million in revenue, up 2.5% sequentially.
Looking at the longer-term picture, ARAY's 5-year compound annual growth rate (CAGR) stands at +3.7%, indicating moderate growth over time. The company achieved its highest annual revenue of $458.5 million in 2025, representing a new all-time high.
Revenue diversification analysis shows ARAY's business is primarily driven by Product (52%), and Service (48%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Healthcare sector peers including ISRG (+21.4% YoY), NVCR (+8.5% YoY), and ABT (+6.4% YoY), ARAY has underperformed the peer group in terms of revenue growth. Compare ARAY vs ISRG →
ARAY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ARAYCurrent | $429M | -7.4% | +3.7% | 1.7% | |
 ISRG | $10.1B | +21.4% | +18.2% | 29.3% | |
 NVCR | $655M | +8.5% | +5.8% | -23.5% | |
 ABT | $42.0B | +6.4% | +5.6% | 16.3% | |
 BSX | $20.1B | +19.9% | +15.2% | 19.8% | |
 MDT | $33.5B | +6.9% | +3.0% | 17.8% |
ARAY Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $458.5M | +2.7% | $147.0M | 32.1% | $7.8M | 1.7% |
| 2024 | $446.6M | -0.2% | $142.9M | 32.0% | $504K | 0.1% |
| 2023 | $447.6M | +4.1% | $154.0M | 34.4% | $2.4M | 0.5% |
| 2022 | $429.9M | +8.5% | $160.0M | 37.2% | $8.1M | 1.9% |
| 2021 | $396.3M | +3.5% | $159.5M | 40.3% | $22.2M | 5.6% |
| 2020 | $382.9M | -8.6% | $149.7M | 39.1% | $12.5M | 3.3% |
| 2019 | $418.8M | +3.4% | $162.7M | 38.8% | $-9,908,000 | -2.4% |
| 2018 | $404.9M | +5.6% | $161.7M | 39.9% | $-3,797,000 | -0.9% |
| 2017 | $383.4M | -3.9% | $141.3M | 36.9% | $-9,823,000 | -2.6% |
| 2016 | $398.8M | +5.0% | $158.7M | 39.8% | $-4,873,000 | -1.2% |
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Start ComparisonARAY — Frequently Asked Questions
Quick answers to the most common questions about buying ARAY stock.
Is ARAY's revenue growth accelerating or slowing?
ARAY revenue declined -7.4% year-over-year, contrasting with the 5-year CAGR of +3.7%. TTM revenue fell to $429M. This reverses the prior growth trend.
What is ARAY's long-term revenue growth rate?
Accuray Incorporated's 5-year revenue CAGR of +3.7% reflects the variable expansion pattern. Current YoY growth of -7.4% is below this long-term average.
How is ARAY's revenue distributed by segment?
ARAY reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.