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Companies / Health Care / Varex Imaging Corp
VREX

Varex Imaging Corp

Health CareElectronic Equipment
Ticker VREXSALT LAKE CITY, UTFiscal year ends OctoberBook value per share $11.68Diluted shares 42.5M

Varex Imaging Corporation (Nasdaq: VREX) designs, manufactures, sells, and services X-ray imaging components and systems used in medical diagnostics, security screening, industrial inspection, and analysis and measurement applications. Its products include X-ray tubes, flat-panel and photon-counting detectors, linear… From the company’s description.

Over the twelve months to Jul 3, 2026, Varex Imaging Corp reported revenue of $865.00M, up 5.3% from a year earlier, and net income of $22.50M. Its operating margin was 8.3%, and operations generated $11.30M in cash. In fiscal 2025, it reported revenue of $844.60M, up 4.1% from fiscal 2024, and a net loss of $69.90M.

Fiscal year 2025 · ends 10-02Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-07-03
Sales & profitability
$844.60MFY2025
+4.1% year over year
Last 12 mo $865.00M
-3.29%FY2025
−7.2 percentage points
Last 12 mo 8.35%
$-69.90MFY2025
−48.1% year over year
Last 12 mo $22.50M
1.40%FY2025
+10.3 percentage points
Last 12 mo 4.45%
Cash & financing
$41.70MFY2025
−11.8% year over year
Last 12 mo $11.30M
$18.80MFY2025
−7.8% year over year
Last 12 mo $-20.20M
0.78FY2025
Was 0.83× a year earlier
Last 12 mo 0.70
41.4MFY2025
+1.5% year over year
Last 12 mo 42.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Varex Imaging Corp does

In the company’s own words

Varex Imaging Corporation (Nasdaq: VREX) designs, manufactures, sells, and services X-ray imaging components and systems used in medical diagnostics, security screening, industrial inspection, and analysis and measurement applications. Its products include X-ray tubes, flat-panel and photon-counting detectors, linear accelerators, imaging software, and accessories; global original equipment manufacturers are its primary customers, alongside service companies, distributors, and end users. Varex reports two segments: Medical, supplying components for applications such as CT, mammography, oncology, and dental imaging, and Industrial, serving cargo and baggage screening, nondestructive testing, and other inspection and irradiation markets. Industrial products include Linatron® accelerators and cargo inspection systems. Replacement components and service for its installed base also contribute significantly to the business. In fiscal 2025, its five largest customers collectively represented approximately 40% of revenue. The company has approximately 2,400 full-time equivalent employees worldwide and traces its independent operation to its January 2017 separation from Varian Medical Systems. Its website is www.vareximaging.com.

Company details
Sector
Health Care
Industry (SIC)
Electronic Equipment
Headquarters
SALT LAKE CITY, UT
Fiscal year end
October
CIK
1681622
SIC
3679

Financial performance, year by year

Fiscal 2017–2025 · USD
$-166.23M$122.76M$411.75M$700.74M$989.73M201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Varex Imaging Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

224
funds hold it
0 of 35
superinvestors hold it
$168.41M
held by funds, at market
37.7%
of shares held by funds

Largest fund holders · Varex Imaging Corp’s weight in each

Allspring Special Small Cap Value Fund
ESPAX · ALLSPRING FUNDS TRUST
0.57%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
Neuberger Intrinsic Value Fund
NINAX · NEUBERGER BERMAN EQUITY FUNDS
—of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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