NASDAQ$ARAY

Accuray Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Accuray reported Q4 2025 revenue of $127.5 million with net income of $1.1 million.

Accuray achieved Q4 net revenue of $127.5 million, down 5% year-over-year, driven by an 11% decline in product revenue partially offset by 4% service growth. The company posted net income of $1.1 million and adjusted EBITDA of $9.4 million while completing a debt refinancing. Full-year revenue reached $458.5 million with improved adjusted EBITDA of $28.3 million.

  • Q4 revenue declined 5% to $127.5 million with product revenue down 11% and service revenue up 4%.
  • Net income fell to $1.1 million from $3.4 million in the prior-year quarter.
  • Full-year adjusted EBITDA rose to $28.3 million from $19.7 million despite a modest net loss.
  • Company issued FY2026 guidance of $471-485 million revenue and $31-35 million adjusted EBITDA.

Headline financials

Total Revenue

$128M

Previous: $134M-5.0%
EPS (adj)

$0.01

Previous: $0.03-66.7%
Gross orders

$84.7M

Previous: $95.5M-11.2%
Order backlog

$427M

Previous: $487M-12.4%
Book-to-bill ratio

1.2

Previous: 1.2+0.0%
Adjusted EBITDA

$9.45M

Previous: $10.1M-6.4%
Net Income

$1.12M

Previous: $3.4M-67.0%
Operating Income

$4.23M

Previous: $6.82M-37.9%
Gross Profit

$39M

Previous: $38.5M+1.4%
Cash & Equivalents

$57.4M

No prior period
Total Assets

$470M

No prior period

Revenue & EPS history

Accuray · Revenue · Quarterly

$128M

Q4 2025-5%vs Q4 2024
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

Accuray · $128M total across 2 segments · Q4 2025

  • Products
    $70.7M
  • Services
    $56.8M

Forward guidance

FY2026 total net revenue expected between $471 million and $485 million with adjusted EBITDA of $31 million to $35 million.

Tailwinds

  • Continued service revenue growth expected
  • Debt refinancing completed with supportive partner

Headwinds

  • Tariff and macroeconomic uncertainty remain

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-0.1%

Avg return

Earnings day

+0.4%

Avg return

5 days after

-0.6%

Avg return

30 days after

46%

30 / 65 earnings

Positive

+49.7%

Q4 2024

Best reaction

-39.6%

Q3 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-39.6%-35.4%
Q2 2026-21.1%-27.6%-35.5%
Q1 2026-15.9%-19.3%-31.7%
Q4 2025-2.0%+1.3%+5.4%
Q3 2025-12.9%-16.1%-1.3%
Q2 2025+8.0%-8.0%-25.3%
Q1 2025+8.9%+3.1%+4.7%
Q4 2024+49.7%+62.1%+51.0%
Q3 2024-27.7%-16.0%-16.9%
Q2 2024-5.2%-11.9%-3.3%
Q1 2024-0.7%-7.8%-1.1%
Q4 2023-23.2%-23.2%-35.9%
Q3 2023+14.4%+24.9%+31.0%
Q2 2023+14.3%+18.3%+19.4%
Q1 2023+1.5%+4.5%+2.5%
Q4 2022+27.5%+43.5%+15.0%
Q3 2022-10.2%-15.2%-31.4%
Q2 2022-15.9%-11.0%-13.2%
Q1 2022+9.7%+1.9%-9.3%
Q4 2021-3.7%-10.7%-9.2%
Q3 2021-11.1%-14.7%-22.9%
Q2 2021+4.1%-4.3%-3.3%
Q1 2021+2.5%+16.9%+51.4%
Q4 2020-6.6%-10.6%-17.2%
Q3 2020+26.3%+21.1%+10.0%
Q2 2020+13.4%+3.2%-21.2%
Q1 2020-4.8%-11.4%+5.5%
Q4 2019-15.5%-16.1%-9.6%
Q3 2019+1.7%+4.3%-5.5%
Q2 2019+14.2%+15.5%+36.2%
Q1 2019+32.8%+40.5%+20.1%
Q4 2018+11.5%+14.9%+9.2%
Q3 2018-15.3%-8.9%-10.9%
Q2 2018+8.7%+9.7%-1.9%
Q1 2018+3.5%+14.1%+24.7%
Q4 2017+5.1%+5.1%+14.1%
Q3 2017-5.2%-12.5%-13.5%
Q2 2017+1.8%+1.8%-2.7%
Q1 2017-5.7%-7.5%+0.0%
Q4 2016-8.8%-3.1%-0.5%
Q3 2016-7.1%
Q2 2016-12.2%
Q1 2016+6.3%
Q4 2015+10.2%
Q3 2015-22.4%
Q2 2015+6.0%
Q1 2015-15.9%
Q4 2014+2.6%
Q3 2014-8.9%
Q2 2014+19.4%
Q1 2014+11.4%
Q4 2013+5.1%
Q3 2013+12.2%
Q2 2013-12.4%
Q1 2013+0.0%
Q4 2010-2.8%
Q4 2012-9.3%
Q3 2011-9.4%
Q3 2012-9.4%
Q2 2012+16.6%
Q2 2011+16.6%
Q4 2011-3.5%
Q1 2011-3.5%
Q1 2012-3.5%
Q3 2010-0.6%

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