Filing Flows › Accuray (ARAY) › Q4 FY25
Accuray (ARAY) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Aug 28, 2025
Accuray (ARAY) reported revenue of $128M for the fourth quarter fiscal 2025 (Q4 FY25), -5% from a year earlier and +13% from the quarter before. Operating margin was 3.3%, net earnings $1.1M (0.9% of revenue).
Accuray, Q4 FY25: revenue $128M (-5% year over year), operating margin 3.3%, net earnings $1.1M, operating cash flow −$9.7M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $128M | +13% | -5% |
| Gross profit | $39.0M | +23% | +1% |
| Operating profit | $4.2M | +304% | -38% |
| Net earnings | $1.1M | — | -67% |
| Operating cash flow | −$9.7M | -154% | — |
What changed
Revenue was $127.5M in Q4 FY25, down 5% year over year and up 13% from the previous quarter. Product was the largest line at 55% of revenue.
Gross margin was 30.6%, up 1.9 points from a year earlier. Operating profit was $4.2M, a 3.3% margin (down 1.8 points year over year). Operating expenses grew 10% against a revenue fall of 5%. The fastest-growing cost line was Research & development (+20%). Net earnings were $1.1M, down 67% year over year. The effective tax rate was 45.8%.
Operating cash flow was −$9.7M. Non-cash charges added back $1.6M of depreciation and amortization and $2.8M of share-based compensation. Working capital and other items used $15.2M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$11.0M.
Questions
What was Accuray's revenue in the fourth quarter fiscal 2025?
Accuray (ARAY) reported revenue of $128M for the fourth quarter fiscal 2025 (Q4 FY25), -5% from a year earlier and +13% from the quarter before.
Was Accuray profitable in the fourth quarter fiscal 2025?
Operating profit was $4.2M (3.3% of revenue) and net earnings $1.1M.
Source: Accuray 10-K on SEC EDGAR.