Accuray Inc (ARAY)
Insiders here have filed 2 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Loses money on what it sells.
- Revenue
- $401.9M
- Net income
- -$49.2M
- Net margin
- -12.2%
Heavily indebted for what it earns.
- Total debt
- $183.9M
- Cash
- $40.6M
- Debt / equity
- 4.41
Comfortably covers what is due within a year.
- Current assets
- $287.8M
- Current liabilities
- $191.4M
- Current ratio
- 1.50
Roughly cash-neutral.
- Operating cash flow
- -$7.0M
- Free cash flow
- -$13.9M
- FCF margin
- -3.5%
Some dilution over the past year.
- Shares outstanding
- 122.6M
- Share growth (1y)
- 14.9%
- Cash runway
- 70 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
ARAY Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 100.92 M | 104.84 M | 102.24 M | 93.94 M | 127.54 M | 113.24 M |
| Revenue Growth (YoY) | -20.87 % | -7.42 % | -11.99 % | -7.49 % | -5.02 % | 11.98 % |
| Cost of Revenue | 65.38 M | 79.55 M | 78.17 M | 67.39 M | 88.56 M | 81.62 M |
| Gross Profit | 35.54 M | 25.29 M | 24.07 M | 26.55 M | 38.98 M | 31.63 M |
| SG&A Expense | 18.90 M | 19.66 M | 18.91 M | 26.49 M | 23.27 M | 19.87 M |
| R&D Expense | 7.56 M | 8.18 M | 10.65 M | 11.37 M | 11.47 M | 10.71 M |
| Operating Expenses | 42.63 M | 27.84 M | 29.56 M | 37.86 M | 34.74 M | 30.58 M |
| Operating Income | -7.09 M | -2.55 M | -5.49 M | -11.31 M | 4.23 M | 1.05 M |
| Pretax Income | -1.51 M | -11.34 M | -13.20 M | -21.21 M | 2.07 M | -840.00 K |
| Tax Provision | 434.00 K | 468.00 K | 573.00 K | 471.00 K | 948.00 K | 457.00 K |
| Net Income | -1.94 M | -11.80 M | -13.77 M | -21.68 M | 1.12 M | -1.30 M |
| EPS (Basic) | -0.02 | -0.09 | -0.11 | -0.18 | 0.01 | -0.01 |
| EPS (Diluted) | -0.02 | -0.09 | -0.11 | -0.18 | 0.01 | -0.01 |
| Shares Outstanding | 122.64 M | 124.30 M | 119.97 M | 118.95 M | 106.70 M | 102.83 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.