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Varex Imaging Corporation VREX Q4 2025 Annual earnings

Reported November 18, 2025 · After market close

Revenue$228.9MBeat by $23.1M
EPS$0.37Beat by $0.19
Revenue estimate$205.8M
EPS estimate$0.18

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$215.5M
EPS estimate$0.22

Financials

Q4 2025

Income statement

See full
Revenue$228.9M+11.3%
Gross profit$77.8M+15.9%

Balance sheet

See full
Cash & equivalents$147.1M-13.7%
Total debt$401.9M-15.7%
Total equity$472.6M-10.7%
Total assets$1.1B-8.8%

Cash flow

See full
Operating cash flow$7.9M-69.5%
CapEx$5.6M-6.7%
Free cash flow$2.3M-88.4%

Valuation & ratios

Valuation

as of 10/03/25
See full
Market cap$485.38M-9.6%
Enterprise value$740.18M-12.2%
P/S0.6×-0.1×

Profitability

See full
Gross margin34.4%+2.7pp
FCF margin2.2%-0.3pp

Returns & leverage

See full
Debt / equity0.9×-0.1×
Current ratio3.4×+0.1×

Segments

By geography

See full
Other$93.8M+3.6%
EMEA$83.1M+15.9%
APAC$74.1M+8.5%
Americas$71.7M+9.1%

By segment

See full
Medical$152.1M+5.3%
Industrial$76.8M+25.3%

Versus estimates

Revenue

Q2 2026$216.0MMiss by $916.8KQ1 2026$209.6MBeat by $1.8M
Q4 2025$228.9MBeat by $23.1M
Q3 2025$203.0MMiss by $16.3MQ2 2025$212.9MBeat by $3.5MQ1 2025$199.8MMiss by $2.4M

Diluted EPS

Q2 2026$0.21Miss by $0.01Q1 2026$0.19Beat by $0.05
Q4 2025$0.37Beat by $0.19
Q3 2025$0.18Beat by $0.14Q2 2025$0.26Beat by $0.12Q1 2025$0.07Beat by $0.03

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Questions, answered.

When did Varex Imaging Corporation report Q4 2025 earnings?
Varex Imaging Corporation (VREX) reported Q4 2025 earnings on November 18, 2025 after market close.
What were Varex Imaging Corporation's Q4 2025 revenue and EPS?
Varex Imaging Corporation reported revenue of $228.9M and eps of $0.37 for Q4 2025.
Did Varex Imaging Corporation beat estimates in Q4 2025?
Revenue beat the consensus estimate of $205.8M by $23.1M. EPS beat the consensus estimate of $0.18 by $0.19.
How did Varex Imaging Corporation's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.3% from $205.7M a year earlier and eps grew 94.7% from $0.19.
Where can I find Varex Imaging Corporation's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001681622-25-000106) and the 10-K periodic report (0001681622-25-000108) directly on SEC EDGAR. The filing index links above go to sec.gov.