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Other financials

Income statement

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Revenue$216.0M+1.5%
Gross profit$72.6M-5.3%
Operating income$14.4M-34.8%
Net income-$8.1M-217%
EPS (diluted)-$0.19-212%

Balance sheet

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Cash & equivalents$87.7M-73.6%
Total debt$380.6M-36.2%
Total equity$474.2M-13.7%
Total assets$1.1B-19.8%

Cash flow

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Operating cash flow-$1.5M-109%
CapEx$6.2M-8.8%
Free cash flow-$7.7M-179%

Valuation

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Market cap$433.69M+34.8%
Enterprise value$726.59M+24.0%
P/S0.5×+0.1×

Profitability

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Gross margin33.6%-0.2pp
Operating margin-4.4%-9.9pp
Net margin-16.3%-20.3pp
FCF margin-3.6%-8.2pp

Returns & leverage

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Return on equity-25.8%-31.8pp
Debt / equity0.8×-0.3×
Current ratio3.2×-0.8×

Where this comes from

Reported directly by Varex Imaging Corporation in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Varex Imaging Corporation’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Varex Imaging Corporation's work in process?
Varex Imaging Corporation (VREX) reported work in process of $33.9M in Q1 2026.
How has Varex Imaging Corporation's work in process changed year-over-year?
Varex Imaging Corporation's work in process increased by 37.8% year-over-year, from $24.6M to $33.9M.
What is the long-term trend for Varex Imaging Corporation's work in process?
Over 5 years (2020 to 2025), Varex Imaging Corporation's work in process has grown at a 5.5% compound annual growth rate (CAGR), from $23.9M to $31.3M.
What does work in process mean?
Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.