Varex Imaging Corporation (VREX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 216M | 209.6M | 228.9M | 203M | 212.9M | 199.8M | 205.7M | 209.1M | 206.2M | 190M | 227.4M | 232.2M | 228.2M | 205.6M | 231.4M | 214.5M | 214.7M | 198.8M | 226.3M | 211.2M |
| Revenue Growth % | 1.46% | 4.9% | 11.28% | -2.92% | 3.25% | 5.16% | -9.54% | -9.95% | -9.64% | -7.59% | -1.73% | 8.25% | 6.29% | 3.42% | 2.25% | 1.56% | 5.5% | 12.25% | 33.12% | 23.36% |
| Cost of Goods Sold | 143.4M | 139.8M | 151.1M | 135.5M | 136.2M | 131.3M | 138.6M | 142.2M | 140.4M | 132.9M | 149.4M | 155.9M | 155.5M | 142.3M | 156.9M | 141.1M | 143.9M | 134M | 150.7M | 137.1M |
| COGS % of Revenue | 66.39% | 66.7% | 66.01% | 66.75% | 63.97% | 65.72% | 67.38% | 68.01% | 68.09% | 69.95% | 65.7% | 67.14% | 68.14% | 69.21% | 67.8% | 65.78% | 67.02% | 67.4% | 66.59% | 64.91% |
| Gross Profit | 72.6M | 69.8M | 77.8M | 67.5M | 76.7M | 68.5M | 67.1M | 66.9M | 65.8M | 57.1M | 78M | 76.3M | 72.7M | 63.3M | 74.5M | 73.4M | 70.8M | 64.8M | 75.6M | 74.1M |
| Gross Margin % | 33.61% | 33.3% | 33.99% | 33.25% | 36.03% | 34.28% | 32.62% | 31.99% | 31.91% | 30.05% | 34.3% | 32.86% | 31.86% | 30.79% | 32.2% | 34.22% | 32.98% | 32.6% | 33.41% | 35.09% |
| Gross Profit Growth % | -5.35% | 1.9% | 15.95% | 0.9% | 16.57% | 19.96% | -13.97% | -12.32% | -9.49% | -9.79% | 4.7% | 3.95% | 2.68% | -2.31% | -1.46% | -0.94% | 9.6% | 13.29% | 67.26% | 181.75% |
| Operating Expenses | 58.2M | 54.4M | 58.2M | 148.2M | 54.6M | 57.3M | 56.2M | 57.6M | 58.1M | 52.9M | 53.7M | 52.1M | 57.1M | 50.3M | 49.9M | 50.4M | 44.2M | 50.8M | 49.1M | 48.4M |
| OpEx % of Revenue | 26.94% | 25.95% | 25.43% | 73% | 25.65% | 28.68% | 27.32% | 27.55% | 28.18% | 27.84% | 23.61% | 22.44% | 25.02% | 24.46% | 21.56% | 23.5% | 20.59% | 25.55% | 21.7% | 22.92% |
| Selling, General & Admin | 36M | 32.7M | 34M | 32.9M | 32.6M | 33.8M | 34.3M | 35.6M | 35.5M | 32.4M | 31.9M | 32.1M | 34.1M | 30.3M | 29.7M | 30.2M | 25.3M | 33.1M | 31.3M | 29.2M |
| SG&A % of Revenue | 16.67% | 15.6% | 14.85% | 16.21% | 15.31% | 16.92% | 16.67% | 17.03% | 17.22% | 17.05% | 14.03% | 13.82% | 14.94% | 14.74% | 12.83% | 14.08% | 11.78% | 16.65% | 13.83% | 13.83% |
| Research & Development | 22.2M | 21.7M | 24.2M | 21.4M | 22M | 23.5M | 21.9M | 22M | 22.6M | 20.5M | 21.8M | 20M | 23M | 20M | 20.2M | 20.2M | 18.9M | 17.7M | 17.8M | 19.2M |
| R&D % of Revenue | 10.28% | 10.35% | 10.57% | 10.54% | 10.33% | 11.76% | 10.65% | 10.52% | 10.96% | 10.79% | 9.59% | 8.61% | 10.08% | 9.73% | 8.73% | 9.42% | 8.8% | 8.9% | 7.87% | 9.09% |
| Other Operating Expenses | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 200K |
| Operating Income | 14.4M | 15.4M | 19.6M | -80.7M | 22.1M | 11.2M | 10.9M | 9.3M | 7.7M | 4.2M | 24.3M | 24.2M | 15.6M | 13M | 24.6M | 23M | 26.6M | 14M | 26.5M | 25.7M |
| Operating Margin % | 6.67% | 7.35% | 8.56% | -39.75% | 10.38% | 5.61% | 5.3% | 4.45% | 3.73% | 2.21% | 10.69% | 10.42% | 6.84% | 6.32% | 10.63% | 10.72% | 12.39% | 7.04% | 11.71% | 12.17% |
| Operating Income Growth % | -34.84% | 37.5% | 79.82% | -967.74% | 187.01% | 166.67% | -55.14% | -61.57% | -50.64% | -67.69% | -1.22% | 5.22% | -41.35% | -7.14% | -7.17% | -10.51% | 68.35% | 129.51% | 305.43% | 195.9% |
| EBITDA | 21.2M | 22.2M | 26.3M | -73.9M | 28.7M | 18.3M | 17.5M | 16.3M | 16.5M | 12.9M | 33.1M | 32.5M | 23.7M | 21M | 32.7M | 31.4M | 35.1M | 22.6M | 35.6M | 34.9M |
| EBITDA Margin % | 9.81% | 10.59% | 11.49% | -36.4% | 13.48% | 9.16% | 8.51% | 7.8% | 8% | 6.79% | 14.56% | 14% | 10.39% | 10.21% | 14.13% | 14.64% | 16.35% | 11.37% | 15.73% | 16.52% |
| EBITDA Growth % | -26.13% | 21.31% | 50.29% | -553.37% | 73.94% | 41.86% | -47.13% | -49.85% | -30.38% | -38.57% | 1.22% | 3.5% | -32.48% | -7.08% | -8.15% | -10.03% | 38.19% | 45.81% | 1036.84% | 308.98% |
| D&A (Non-Cash Add-back) | 6.8M | 6.8M | 6.7M | 6.8M | 6.6M | 7.1M | 6.6M | 7M | 8.8M | 8.7M | 8.8M | 8.3M | 8.1M | 8M | 8.1M | 8.4M | 8.5M | 8.6M | 9.1M | 9.2M |
| EBIT | 14.4M | 15.4M | 22M | -77.9M | 21.2M | 10.7M | 10.3M | 6.5M | 8.1M | 5.1M | 7.5M | 24.2M | 14.4M | 12.3M | 22.9M | 22.4M | 22.9M | 12.7M | 27.2M | 25.3M |
| Net Interest Income | -16.9M | -7.3M | -6.9M | -6.5M | -7.5M | -6.1M | -6M | -5.8M | -6.3M | -2.7M | -5.6M | -5.8M | -6.6M | -7M | -9.2M | -9.3M | -11.3M | -9.9M | -10.7M | -10.6M |
| Interest Income | 400K | 600K | 1M | 2.5M | 2.9M | 2.1M | 1.8M | 1.8M | 1.8M | 1.9M | 1.6M | 900K | 700K | 500K | 200K | 100K | 100K | 0 | 100K | 0 |
| Interest Expense | 17.3M | 7.9M | 7.9M | 9M | 10.4M | 8.2M | 7.8M | 7.6M | 8.1M | 4.6M | 7.2M | 6.7M | 7.3M | 7.5M | 9.4M | 9.4M | 11.4M | 9.9M | 10.8M | 10.6M |
| Other Income/Expense | -20.8M | -11.6M | -5.5M | -5.9M | -11.3M | -8.7M | -8.4M | -8.5M | -5.4M | -4.8M | -23.3M | -7.1M | -7.8M | -7.6M | -10.5M | -9.5M | -13M | -10.7M | -11.7M | -10.4M |
| Pretax Income | -6.4M | 3.8M | 14.1M | -86.6M | 10.8M | 2.5M | 2.5M | 800K | 2.3M | -600K | 1M | 17.1M | 7.8M | 5.4M | 14.1M | 13.5M | 13.6M | 3.3M | 14.8M | 15.3M |
| Pretax Margin % | -2.96% | 1.81% | 6.16% | -42.66% | 5.07% | 1.25% | 1.22% | 0.38% | 1.12% | -0.32% | 0.44% | 7.36% | 3.42% | 2.63% | 6.09% | 6.29% | 6.33% | 1.66% | 6.54% | 7.24% |
| Income Tax | 1.6M | 1.4M | 1.9M | 2.5M | 3.7M | 2.6M | 52.4M | -700K | 700K | -200K | -31M | 7.9M | 3.5M | 2.2M | 900K | 5.1M | 6M | 1.7M | 6M | 3.1M |
| Effective Tax Rate % | -25% | 36.84% | 13.48% | -2.89% | 34.26% | 104% | 2096% | -87.5% | 30.43% | 33.33% | -3100% | 46.2% | 44.87% | 40.74% | 6.38% | 37.78% | 44.12% | 51.52% | 40.54% | 20.26% |
| Net Income | -8.1M | 2.3M | 12.2M | -89.1M | 6.9M | -300K | -50M | 1.4M | 1.4M | -500K | 31.9M | 9.1M | 4.1M | 3.1M | 13.1M | 8.2M | 7.6M | 1.4M | 8.7M | 12M |
| Net Margin % | -3.75% | 1.1% | 5.33% | -43.89% | 3.24% | -0.15% | -24.31% | 0.67% | 0.68% | -0.26% | 14.03% | 3.92% | 1.8% | 1.51% | 5.66% | 3.82% | 3.54% | 0.7% | 3.84% | 5.68% |
| Net Income Growth % | -217.39% | 866.67% | 124.4% | -6464.29% | 392.86% | 40% | -256.74% | -84.62% | -65.85% | -116.13% | 143.51% | 10.98% | -46.05% | 121.43% | 50.57% | -31.67% | 145.16% | 121.88% | 132.95% | 142.4% |
| Net Income (Continuing) | -8M | 2.4M | 12.2M | -89.1M | 7.1M | -100K | -49.9M | 1.5M | 1.6M | -400K | 32M | 9.2M | 4.3M | 3.2M | 13.2M | 8.4M | 7.6M | 1.6M | 8.8M | 12.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 13.9M | 13.9M | 14M | 14.2M | 14.2M | 14M | 14.1M | 14.1M | 14.1M | 14.1M | 13.3M | 13.4M | 13.3M | 13.3M | 13.3M | 13.3M | 13.3M | 13.3M | 13.2M | 13.2M |
| EPS (Diluted) | -0.19 | 0.05 | 0.29 | -2.15 | 0.13 | -0.01 | -1.23 | 0.03 | 0.03 | -0.01 | 0.63 | 0.18 | 0.10 | 0.08 | 0.32 | 0.20 | 0.18 | 0.03 | 0.20 | 0.29 |
| EPS Growth % | -246.15% | - | 123.58% | -6423.53% | 282.35% | 40.65% | -295.24% | -81.11% | -66% | -116.1% | 96.88% | -10% | -44.44% | 154.67% | 60% | -31.03% | 125% | 118.75% | 130.77% | 139.73% |
| EPS (Basic) | -0.19 | 0.06 | 0.29 | -2.15 | 0.17 | -0.01 | -1.23 | 0.03 | 0.03 | -0.01 | 0.79 | 0.23 | 0.10 | 0.08 | 0.33 | 0.21 | 0.18 | 0.04 | 0.22 | 0.31 |
| Diluted Shares Outstanding | 41.9M | 42.3M | 41.8M | 41.5M | 51.2M | 41.1M | 40.8M | 41.2M | 41.2M | 40.6M | 50.5M | 50.4M | 40.5M | 40.6M | 40.9M | 40.5M | 42.2M | 43.9M | 43.5M | 41.3M |
| Basic Shares Outstanding | 41.9M | 41.8M | 41.6M | 41.5M | 41.4M | 41.1M | 40.8M | 40.9M | 40.7M | 40.6M | 40.4M | 40.4M | 40.2M | 40.1M | 40M | 39.9M | 42.2M | 39.5M | 39.4M | 39.4M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |