Filing Flows › Accuray (ARAY) › Q3 FY25
Accuray (ARAY) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 2, 2025
Accuray (ARAY) reported revenue of $113M for the third quarter fiscal 2025 (Q3 FY25), +12% from a year earlier and -3% from the quarter before. Operating margin was 0.9%, net loss $1.3M (1.1% of revenue).
Accuray, Q3 FY25: revenue $113M (+12% year over year), operating margin 0.9%, net loss $1.3M, operating cash flow $18.1M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $113M | -3% | +12% |
| Operating profit | $1.0M | — | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | $18.1M | +903% | — |
| Free cash flow | $17.1M | 18× | — |
What changed
Revenue was $113.2M in Q3 FY25, up 12% year over year and down 3% from the previous quarter. Product was the largest line at 51% of revenue. Product added $7.7M year over year (up 16%), 64% of the total change.
Gross margin was 27.9%, down 0.8 points from a year earlier. Operating profit was $1.0M, a 0.9% margin (up 5.4 points year over year). Operating expenses fell 9% while revenue rose 12%. The quarter ended with a net loss of $1.3M, after a profit of $2.5M the previous quarter. Net interest and other expense of $1.9M was the main reason.
Operating cash flow was $18.1M. Non-cash charges added back $1.6M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $15.0M. Capital expenditures of $1.0M left free cash flow of $17.1M.
Questions
What was Accuray's revenue in the third quarter fiscal 2025?
Accuray (ARAY) reported revenue of $113M for the third quarter fiscal 2025 (Q3 FY25), +12% from a year earlier and -3% from the quarter before.
Was Accuray profitable in the third quarter fiscal 2025?
Operating profit was $1.0M (0.9% of revenue) and net loss $1.3M.
Source: Accuray 10-Q on SEC EDGAR.