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ARAY Financials ACCURAY INC

13 years of revenue, profit, cash flow and balance-sheet history through FY2026, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 0.3% per year over the past 5 years.
  • Operating margin has contracted, at -6.6% in the latest year.

Financial health

  • Total debt ($148M) exceeds cash ($41M); net debt is $107M.
  • Total debt has grown slower than revenue (-3.6% vs 0.3% per year).
  • Operating income covered interest expense -0.8× in the latest year.
  • The company is unprofitable; at its current free-cash-flow burn it has roughly 3.2 years of cash runway.
Revenue & net income
-$49M $205M $459M $0 2014 2016 2018 2020 2022 2024 2026
RevenueNet income
Margins (gross / operating / net)
-12% 14% 40% 0% 2014 2016 2018 2020 2022 2024 2026
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-118% -56% 6% 0% 2014 2016 2018 2020 2022 2024 2026
ROEROA
Free cash flow (CFO − capex)
-$34M $1M $36M $0 2014 2016 2018 2020 2022 2024 2026
Free cash flow
Cash vs total debt
$0 $105M $210M 2014 2016 2018 2020 2022 2024 2026
CashTotal debt
Cash flow: operating / investing / financing
-$55M -$8M $39M $0 2014 2016 2018 2020 2022 2024 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2026 $402M -$49M 27.7% -6.6% -118.0% -11.1% -$13M $148M $41M
2025 $459M -$2M 32.1% 1.7% -2.0% -0.3% -$1M $149M $57M
2024 $447M -$16M 32.0% 0.1% -34.5% -3.3% -$16M $180M $69M
2023 $448M -$9M 34.4% 0.5% -17.3% -1.9% $3M $183M $89M
2022 $430M -$5M 37.2% 1.9% -10.1% -1.1% -$7M $189M $89M
2021 $396M -$6M 40.3% 5.6% -9.2% -1.3% $36M $178M $116M
2020 $383M $4M 39.1% 3.3% 6.0% 0.8% -$5M $189M $108M
2019 $419M -$16M 38.8% 0.1% -32.9% -3.7% -$34M $160M $77M
2018 $405M -$24M 39.9% -0.9% -49.1% -6.3% $12M $131M $83M
2017 $383M -$30M 36.9% -2.6% -63.6% -7.3% -$5M $165M $72M
2016 $399M -$26M 39.8% -1.2% -42.7% -5.4% $23M $210M $120M
2015 -$40M -53.1% -8.6% -$25M $203M $80M
2014 -$35M -36.0% -7.2% $196M $92M

Valuation over time

How the market has priced ARAY against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / sales (P/S)
0.0 0.6 1.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is ARAY growing its revenue and profit?

Over the past 5 years, ACCURAY INC's revenue has grown 0.3% per year. These are computed facts, not advice.

How much debt does ARAY have?

As of FY2026, ACCURAY INC reported $148M of total debt against $41M of cash; operating income covered interest expense -0.8×.

What is ARAY's profit margin?

In FY2026, gross margin was 27.7%, operating margin -6.6%, and net margin -12.2%.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.