Filing Flows › Varex Imaging (VREX) › Q3 FY25
Varex Imaging (VREX) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 7, 2025
Varex Imaging (VREX) reported revenue of $203M for the third quarter fiscal 2025 (Q3 FY25), -3% from a year earlier and -5% from the quarter before. Operating margin was -39.8%, net loss $89.1M (43.9% of revenue).
Varex Imaging, Q3 FY25: revenue $203M (-3% year over year), operating margin -39.8%, net loss $89.1M, operating cash flow $7.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $203M | -5% | -3% |
| Operating profit | −$80.7M | -465% | — |
| Net earnings | −$89.1M | -1391% | — |
| Operating cash flow | $7.7M | -54% | -4% |
| Free cash flow | $1.4M | -86% | -58% |
What changed
Revenue was $203.0M in Q3 FY25, down 3% year over year and down 5% from the previous quarter. Medical was the largest line at 70% of revenue. Medical lost $6.5M year over year (down 4%), 107% of the total change.
Gross margin was 33.3%, up 1.3 points from a year earlier. Operating costs exceeded revenue by $80.7M, an operating margin of -39.8%. Operating expenses grew 157% against a revenue fall of 3%. The quarter ended with a net loss of $89.1M, after a profit of $7.1M the previous quarter.
Operating cash flow was $7.7M (down 4% year over year). Non-cash charges added back $6.8M of depreciation and amortization and $3.7M of share-based compensation. Working capital and other items added $86.3M. Capital expenditures of $6.3M left free cash flow of $1.4M.
Questions
What was Varex Imaging's revenue in the third quarter fiscal 2025?
Varex Imaging (VREX) reported revenue of $203M for the third quarter fiscal 2025 (Q3 FY25), -3% from a year earlier and -5% from the quarter before.
Was Varex Imaging profitable in the third quarter fiscal 2025?
Operating loss was $80.7M (-39.8% of revenue) and net loss $89.1M.
Source: Varex Imaging 10-Q on SEC EDGAR.