NASDAQ : ARAY
Accuray Incorporated — Financial statements
Healthcare · Medical Devices · United States
Last price 0.14 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 16.74M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Accuray Incorporated (ARAY) reported revenue of 401.95M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 401.95M | 401.95M | 458.50M | 446.55M | 447.61M | 429.91M |
| Cost of Revenue | 290.49M | 290.49M | 311.54M | 303.63M | 293.64M | 269.95M |
| Gross Profit | 111.45M | 111.45M | 146.97M | 142.92M | 153.96M | 159.96M |
| Selling, General & Admin | 83.97M | 83.97M | 91.19M | 92.69M | 91.75M | 94.06M |
| Research & Development | 37.75M | 37.75M | 47.94M | 49.73M | 57.13M | 57.75M |
| Operating Expenses | 121.72M | 121.72M | 139.13M | 142.42M | 148.88M | 151.81M |
| Operating Income | -10.27M | -10.27M | 7.84M | 504.00K | 5.08M | 8.15M |
| Interest Expense | -32.91M | -32.91M | -12.95M | -11.62M | -10.63M | -8.13M |
| Earnings From Equity Investments | 1.12M | 1.12M | 4.71M | 1.84M | 2.57M | 241.00K |
| Currency Exchange Gain (Loss) | 5.50M | 5.50M | 1.57M | -2.05M | -878.00K | -2.62M |
| Other Non Operating Income (Expenses) | 7.88M | 7.88M | -1.51M | -492.00K | -232.00K | 356.00K |
| EBT Excluding Unusual Items | -28.67M | -28.67M | -341.00K | -11.82M | -4.09M | -2.00M |
| Merger & Restructuring Charges | -16.17M | -16.17M | -2.70M | |||
| Other Unusual Items | -2.40M | -2.40M | 1.48M | |||
| Pretax Income | -47.25M | -47.25M | 1.13M | -11.82M | -6.79M | -2.00M |
| Income Tax Expense | 1.95M | 1.95M | 2.73M | 3.73M | 2.49M | 3.35M |
| Net Income | -49.19M | -49.19M | -1.59M | -15.54M | -9.28M | -5.35M |
| Net Income to Common | -49.19M | -49.19M | -1.59M | -15.54M | -9.28M | -5.35M |
| Shares Outstanding (Basic) | 122.64M | 122.64M | 102.77M | 98.27M | 94.88M | 92.09M |
| Shares Outstanding (Diluted) | 122.64M | 122.64M | 102.77M | 98.27M | 94.88M | 92.09M |
| EPS (Basic) | -0.40 | -0.40 | -0.02 | -0.16 | -0.10 | -0.06 |
| EPS (Diluted) | -0.40 | -0.40 | -0.02 | -0.16 | -0.10 | -0.06 |
| Free Cash Flow | -12.84M | -12.84M | -1.41M | -15.51M | 2.92M | -7.12M |
| Free Cash Flow Per Share | -0.10 | -0.10 | -0.01 | -0.16 | 0.03 | -0.08 |
| Gross Margin | 27.73% | 27.73% | 32.05% | 32.01% | 34.40% | 37.21% |
| Operating Margin | -2.56% | -2.56% | 1.71% | 0.11% | 1.14% | 1.90% |
| Profit Margin | -12.24% | -12.24% | -0.35% | -3.48% | -2.07% | -1.24% |
| Free Cash Flow Margin | -3.19% | -3.19% | -0.31% | -3.47% | 0.65% | -1.65% |
| EBITDA | -3.53M | -3.53M | 13.99M | 6.41M | 9.61M | 13.66M |
| EBITDA Margin | -0.88% | -0.88% | 3.05% | 1.44% | 2.15% | 3.18% |
| D&A For EBITDA | 6.74M | 6.74M | 6.15M | 5.91M | 4.53M | 5.51M |
| EBIT | -10.27M | -10.27M | 7.84M | 504.00K | 5.08M | 8.15M |
| EBIT Margin | -2.56% | -2.56% | 1.71% | 0.11% | 1.14% | 1.90% |
| Effective Tax Rate | 240.30% | |||||
| Revenue as Reported | 401.95M | 401.95M | 458.50M | 446.55M | 447.61M | 429.91M |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 40.62M | 40.62M | 57.42M | 68.57M | 89.40M | 88.74M |
| Cash & Short-Term Investments | 40.62M | 40.62M | 57.42M | 68.57M | 89.40M | 88.74M |
| Accounts Receivable | 67.41M | 67.41M | 83.19M | 92.00M | 74.78M | 94.44M |
| Other Receivables | 18.43M | 18.43M | 18.93M | 6.85M | 12.52M | 7.06M |
| Receivables | 85.84M | 85.84M | 102.12M | 98.86M | 87.30M | 101.50M |
| Inventory | 147.07M | 147.07M | 141.02M | 138.32M | 145.15M | 142.25M |
| Prepaid Expenses | 8.72M | 8.72M | 9.95M | 10.31M | 11.63M | 11.57M |
| Restricted Cash | 611.00K | 611.00K | 574.00K | 485.00K | 524.00K | 204.00K |
| Other Current Assets | 4.91M | 4.91M | 6.38M | 6.70M | 4.03M | 6.62M |
| Total Current Assets | 287.78M | 287.78M | 317.46M | 323.24M | 338.03M | 350.89M |
| Property, Plant & Equipment | 54.83M | 54.83M | 61.77M | 58.55M | 39.28M | 29.48M |
| Long-Term Investments | 5.02M | 5.02M | 4.61M | 9.83M | 15.13M | 13.88M |
| Goodwill | 57.91M | 57.91M | 57.80M | 57.67M | 57.68M | 57.84M |
| Other Intangible Assets | 15.00K | 59.00K | 7.71M | 250.00K | ||
| Long-Term Deferred Tax Assets | 427.00K | 427.00K | 756.00K | 659.00K | 860.00K | |
| Long-Term Deferred Charges | 17.34M | 17.34M | 16.28M | 12.45M | 9.24M | 9.75M |
| Other Long-Term Assets | 20.37M | 20.37M | 11.54M | 6.18M | 11.28M | 10.75M |
| Total Assets | 443.68M | 443.68M | 470.24M | 468.63M | 479.21M | 472.85M |
| Accounts Payable | 40.55M | 40.55M | 34.03M | 50.02M | 33.74M | 31.34M |
| Accrued Expenses | 43.10M | 43.10M | 39.38M | 38.35M | 57.80M | 55.01M |
| Current Portion of Long-Term Debt | 1.50M | 1.50M | 12.73M | 7.76M | 5.72M | 8.56M |
| Current Portion of Leases | 8.24M | 8.24M | 7.38M | 6.22M | 4.15M | 8.57M |
| Current Income Taxes Payable | 331.00K | 331.00K | 973.00K | 1.21M | 900.00K | |
| Current Unearned Revenue | 93.21M | 93.21M | 94.50M | 85.64M | 92.96M | 100.67M |
| Other Current Liabilities | 4.46M | 4.46M | 3.58M | 6.08M | 3.36M | 4.72M |
| Total Current Liabilities | 191.41M | 191.41M | 192.58M | 195.27M | 198.64M | 208.86M |
| Long-Term Debt | 146.37M | 146.37M | 123.79M | 164.40M | 171.56M | 171.91M |
| Long-Term Leases | 27.77M | 27.77M | 32.48M | 32.37M | 23.60M | 10.45M |
| Long-Term Unearned Revenue | 28.53M | 28.53M | 26.57M | 24.11M | 27.08M | 24.69M |
| Pension & Post-Retirement Benefits | 103.00K | |||||
| Other Long-Term Liabilities | 7.90M | 7.90M | 13.66M | 7.39M | 4.67M | 3.65M |
| Total Liabilities | 401.98M | 401.98M | 389.07M | 423.54M | 425.56M | 419.66M |
| Common Stock | 119.00K | 119.00K | 113.00K | 100.00K | 97.00K | 94.00K |
| Additional Paid-In Capital | 613.56M | 613.56M | 602.16M | 566.89M | 555.28M | 543.21M |
| Retained Earnings | -568.47M | -568.47M | -519.27M | -517.68M | -502.14M | -492.52M |
| Comprehensive Income & Other | -3.51M | -3.51M | -1.84M | -4.22M | 422.00K | 2.41M |
| Shareholders' Equity | 41.70M | 41.70M | 81.17M | 45.08M | 53.66M | 53.19M |
| Total Liabilities & Equity | 443.68M | 443.68M | 470.24M | 468.63M | 479.21M | 472.85M |
| Total Debt | 183.87M | 183.87M | 176.38M | 210.75M | 205.04M | 199.49M |
| Net Cash (Debt) | -143.25M | -143.25M | -118.96M | -142.18M | -115.63M | -110.75M |
| Net Cash Per Share | -1.17 | -1.17 | -1.16 | -1.45 | -1.22 | -1.20 |
| Filing Date Shares Outstanding | 119.44M | 119.44M | 112.68M | 100.27M | 96.59M | 93.50M |
| Total Common Shares Outstanding | 119.43M | 119.43M | 112.60M | 100.19M | 96.53M | 93.50M |
| Working Capital | 96.37M | 96.37M | 124.89M | 127.97M | 139.40M | 142.03M |
| Book Value Per Share | 0.35 | 0.35 | 0.72 | 0.45 | 0.56 | 0.57 |
| Tangible Book Value | -16.21M | -16.21M | 23.35M | -12.65M | -11.73M | -4.90M |
| Tangible Book Value Per Share | -0.14 | -0.14 | 0.21 | -0.13 | -0.12 | -0.05 |
| Machinery | 57.44M | 57.44M | 57.90M | 53.60M | 54.16M | 56.89M |
| Construction In Progress | 4.71M | 4.71M | 4.64M | 2.55M | 6.00M | 3.00M |
| Leasehold Improvements | 34.17M | 34.17M | 32.49M | 30.99M | 26.64M | 26.66M |
| Order Backlog | 312.55M | 312.55M | 426.97M | 487.32M | 510.64M | 563.68M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -49.19M | -49.19M | -1.59M | -15.54M | -9.28M | -5.35M |
| Depreciation & Amortization | 11.99M | 11.99M | 11.43M | 12.37M | 12.63M | 5.51M |
| Other Amortization | 9.29M | 9.29M | 1.44M | 955.00K | 926.00K | 817.00K |
| Loss (Gain) From Sale of Assets | 538.00K | 538.00K | -135.00K | 28.00K | ||
| Asset Writedown & Restructuring Costs | 2.38M | 2.38M | ||||
| Loss (Gain) From Sale of Investments | -36.00K | -36.00K | 7.67M | 4.10M | 282.00K | 3.30M |
| Loss (Gain) on Equity Investments | -1.12M | -1.12M | -4.71M | -1.84M | -2.57M | -241.00K |
| Stock-Based Compensation | 6.46M | 6.46M | 10.20M | 9.48M | 10.05M | 10.60M |
| Provision & Write-off of Bad Debts | 573.00K | 573.00K | -101.00K | -479.00K | 2.29M | 266.00K |
| Other Operating Activities | 292.00K | 292.00K | -3.27M | 955.00K | -3.28M | 5.26M |
| Change in Accounts Receivable | 11.52M | 11.52M | 13.36M | -15.83M | 18.49M | -12.52M |
| Change in Inventory | -12.48M | -12.48M | -9.11M | -4.00M | -6.86M | -22.86M |
| Change in Accounts Payable | 5.17M | 5.17M | -18.67M | 17.36M | 2.85M | 11.68M |
| Change in Unearned Revenue | 5.55M | 5.55M | 4.96M | -9.11M | -7.29M | -207.00K |
| Change in Other Net Operating Assets | 2.10M | 2.10M | -8.74M | -10.34M | -2.58M | 1.31M |
| Operating Cash Flow | -6.98M | -6.98M | 2.86M | -11.90M | 15.54M | -2.40M |
| Capital Expenditures | -5.86M | -5.86M | -4.27M | -3.60M | -12.61M | -4.72M |
| Sale (Purchase) of Intangibles | -6.42M | -6.42M | -4.25M | -67.00K | ||
| Investing Cash Flow | -12.28M | -12.28M | -8.52M | -3.60M | -12.68M | -4.72M |
| Long-Term Debt Issued | 37.25M | 37.25M | 177.00M | 5.00M | 5.00M | |
| Long-Term Debt Repaid | -33.60M | -33.60M | -169.50M | -11.00M | -8.87M | -19.00M |
| Net Debt Issued (Repaid) | 3.65M | 3.65M | 7.50M | -6.00M | -3.87M | -19.00M |
| Issuance of Common Stock | 665.00K | 665.00K | 1.63M | 2.25M | 2.20M | 3.89M |
| Repurchase of Common Stock | -51.00K | -51.00K | -90.00K | -117.00K | -199.00K | -258.00K |
| Other Financing Activities | 2.71M | 2.71M | -13.29M | -81.00K | -248.00K | |
| Financing Cash Flow | 6.98M | 6.98M | -4.25M | -3.95M | -2.11M | -15.37M |
| Foreign Exchange Rate Adjustments | -1.08M | -1.08M | 1.66M | -1.35M | 302.00K | -5.56M |
| Net Cash Flow | -13.37M | -13.37M | -8.26M | -20.81M | 1.05M | -28.05M |
| Free Cash Flow | -12.84M | -12.84M | -1.41M | -15.51M | 2.92M | -7.12M |
| Free Cash Flow Margin | -3.19% | -3.19% | -0.31% | -3.47% | 0.65% | -1.65% |
| Free Cash Flow Per Share | -0.10 | -0.10 | -0.01 | -0.16 | 0.03 | -0.08 |
| Levered Free Cash Flow | 10.57M | 10.57M | -2.85M | -1.25M | 18.02M | -2.20M |
| Unlevered Free Cash Flow | 23.04M | 23.04M | 3.80M | 5.07M | 23.74M | 2.07M |
| Cash Interest Paid | 13.86M | 13.86M | 9.74M | 10.52M | 9.85M | 7.46M |
| Cash Income Tax Paid | 2.32M | 2.32M | 3.87M | 1.75M | 2.15M | 1.40M |
| Change in Working Capital | 11.86M | 11.86M | -18.20M | -21.91M | 4.62M | -22.60M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 16.74M | 30.67M | 141.13M | 180.62M | 370.56M | 181.89M |
| Enterprise Value | 159.99M | 175.00M | 277.67M | 327.16M | 486.52M | 285.58M |
| Last Close Price | 0.14 | 0.26 | 1.37 | 1.82 | 3.87 | 1.96 |
| Forward PE | 145.00 | 17.22 | 38.97 | 59.54 | 41.74 | |
| PS Ratio | 0.04 | 0.08 | 0.31 | 0.40 | 0.83 | 0.42 |
| PB Ratio | 0.40 | 0.73 | 1.74 | 4.01 | 6.91 | 3.42 |
| P/TBV Ratio | 6.04 | |||||
| P/FCF Ratio | 126.69 | |||||
| P/OCF Ratio | 49.35 | 23.85 | ||||
| EV/Sales Ratio | 0.40 | 0.43 | 0.61 | 0.73 | 1.09 | 0.66 |
| EV/EBITDA Ratio | 19.85 | 51.05 | 50.63 | 20.91 | ||
| EV/EBIT Ratio | 35.42 | 649.14 | 95.73 | 35.05 | ||
| EV/FCF Ratio | 166.33 | |||||
| Debt / Equity Ratio | 4.41 | 4.41 | 2.17 | 4.67 | 3.82 | 3.75 |
| Debt / EBITDA Ratio | 31.71 | 31.71 | 7.58 | 13.29 | 10.61 | 8.56 |
| Debt / FCF Ratio | 70.10 | |||||
| Net Debt / Equity Ratio | 3.44 | 3.44 | 1.47 | 3.15 | 2.15 | 2.08 |
| Net Debt / EBITDA Ratio | -40.60 | -40.60 | 8.50 | 22.18 | 12.03 | 8.11 |
| Net Debt / FCF Ratio | -11.15 | -11.15 | -84.25 | -9.17 | 39.53 | -15.56 |
| Asset Turnover | 0.88 | 0.88 | 0.98 | 0.94 | 0.94 | 0.90 |
| Inventory Turnover | 2.02 | 2.02 | 2.23 | 2.14 | 2.04 | 2.01 |
| Quick Ratio | 0.66 | 0.66 | 0.83 | 0.86 | 0.89 | 0.91 |
| Current Ratio | 1.50 | 1.50 | 1.65 | 1.66 | 1.70 | 1.68 |
| Return on Equity (ROE) | -80.08% | -80.08% | -2.52% | -31.49% | -17.37% | -8.76% |
| Return on Assets (ROA) | -1.41% | -1.41% | 1.04% | 0.07% | 0.67% | 1.07% |
| Return on Invested Capital (ROIC) | -5.54% | -5.33% | -5.68% | 0.28% | 3.05% | 5.16% |
| Return on Capital Employed (ROCE) | -4.10% | -4.10% | 2.80% | 0.20% | 1.80% | 3.10% |
| Earnings Yield | -286.53% | -160.40% | -1.13% | -8.61% | -2.50% | -2.94% |
| FCF Yield | -76.72% | -41.87% | -1.00% | -8.58% | 0.79% | -3.91% |
| Buyback Yield / Dilution | -19.33% | -19.33% | -4.58% | -3.57% | -3.03% | -0.07% |