Accuray Incorporated ARAY

0.22 0.00 0.00% as of 25 Sep
Market cap
$27.8M
P/E
0.0×
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.15
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — 1 — — 2 — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 6.90%

Capital & Financial Ratios

Market Cap 27.82
Revenue 401.95
Net Income (49.19)
Free Cash Flow (12.84)
Net Debt 105.14
Current Ratio 1.50
Debt/Equity 3.51
P/E ratio 0.00
P/S ratio 0.07
P/B ratio 0.65
Past 5Y EPS Growth 3.37%
This Y EPS Growth (1,950.00%)
Next Y EPS Growth 41.46%
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio 0.00
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2018 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 2026
Cash 90 69 58 41
Receivables 75 92 83 67
Inventory 145 138 141 147
Other — — — —
338 323 317 288
2023 2024 2025 2026
Payables 34 50 34 41
ST’ Debt — — — —
Other 21 14 12 10
199 195 193 191
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 0.08% 0.28% (3.52%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (3.52%) (9.54%) (8.06%)

Revenue

Sep Dec Mar Jun Year
’26 — — — — —
’26 94 102 105 101 402
’25 102 116 113 128 459
’24 104 107 101 134 447
’23 96 115 118 118 448
’22 107 116 96 110 430
’21 85 97 103 111 396
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Sep Dec Mar Jun Year
’26 — — — — —
’26 12 (16) (6) 2 (7)
’25 (7) 2 18 (10) 3
’24 (9) (5) (8) 10 (12)
’23 0 (18) 25 9 16
’22 (9) 33 (22) (5) (2)
’21 (3) 19 16 6 39
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Sep Dec Mar Jun Year
’26 — — — — —
’26 10 (19) (6) 2 (13)
’25 (8) 1 17 (11) (1)
’24 (10) (6) (9) 9 (16)
’23 (1) (20) 23 1 3
’22 (10) 32 (23) (6) (7)
’21 (3) 19 16 5 36
in millions of $ · fiscal quarters ending in the months shown

EPS

Sep Dec Mar Jun Year
’26 — — — — —
’26 (0.18) (0.11) (0.09) (0.02) (0.40)
’25 (0.04) 0.02 (0.01) 0.01 (0.02)
’24 (0.03) (0.10) (0.06) 0.03 (0.16)
’23 (0.06) (0.02) 0.01 (0.03) (0.10)
’22 (0.01) 0.00 (0.01) (0.04) (0.06)
’21 0.00 0.05 0.00 (0.12) (0.07)
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
3.60 3.17 2.35 1.33 3.46 1.70 2.02 1.40 0.78 0.22

Analyst estimates 2027–2029

Powerpack
Low Price
6.00 6.15 5.40 4.86 6.02 4.87 4.30 2.99 2.95 0.93
High Price
944 998 947 932 995 1,044 1,024 987 990 809
Employees
0 0 0 0 0 0 0 0 0 0
Revenue/Emp
383 405 419 383 396 430 448 447 459 402
Revenue
36.86% 39.93% 38.84% 39.10% 40.25% 37.21% 34.40% 32.01% 32.05% 27.73%
Gross Margin
(29) (23) (14) 6 (5) (2) (7) (12) 1 (47)
EBT
(7.44%) (5.69%) (3.43%) 1.49% (1.15%) (0.47%) (1.52%) (2.65%) 0.25% (11.75%)
EBT Margin
(30) (24) (16) 4 (6) (5) (9) (16) (2) (49)
Net Income
22 11 12 9 8 6 5 7 8 16
Depreciation
4.65 4.77 4.79 4.26 4.31 4.67 4.72 4.54 4.46 3.28
Revenue/Sh
(0.36) (0.28) (0.19) 0.04 (0.07) (0.06) (0.10) (0.16) (0.02) (0.40)
Earnings/Sh
0.00 0.22 (0.34) (0.02) 0.42 (0.03) 0.16 (0.12) 0.03 (0.06)
Cash Flow/Sh
(0.06) (0.08) (0.05) (0.04) (0.03) (0.05) (0.13) (0.04) (0.04) (0.05)
Capex/Sh
(0.07) 0.14 (0.39) (0.06) 0.39 (0.08) 0.03 (0.16) (0.01) (0.10)
Free CF/Sh
0.56 0.57 0.57 0.71 0.75 0.58 0.57 0.46 0.79 0.34
Book Value/Sh
82 85 87 90 92 92 95 98 103 123
Shares
0.00 0.00 0.00 67.67 0.00 0.00 0.00 0.00 0.00 0.00
PE Ratio
1.02 0.86 0.82 0.48 1.05 0.42 0.82 0.39 0.31 0.08
PS Ratio
8.42 7.12 6.86 2.87 6.04 3.39 6.84 3.84 1.73 0.76
PB Ratio
0.87 0.95 0.99 0.69 1.18 0.61 1.00 0.60 0.45 0.34
EV/Sales
(55.99) 34.47 (11.98) (47.59) 13.02 (36.16) 157.05 (17.23) (139.68) (10.61)
EV/FCF
0 18 (30) (1) 39 (2) 16 (12) 3 (7)
Op' Cash Flow
(5) (7) (4) (4) (2) (5) (13) (4) (4) (6)
Capex
(6) 12 (34) (5) 36 (7) 3 (16) (1) (13)
FCF
25 115 152 175 160 142 139 128 125 96
Working Cap'
52 131 160 189 170 172 172 164 124 146
Total Debt
(57) 38 73 81 53 83 82 95 66 105
Net Debt
47 49 50 64 69 53 54 45 81 42
Sh' Equity
(6.76%) (6.09%) (4.02%) 0.82% (1.30%) (1.12%) (1.95%) (3.28%) (0.34%) (10.77%)
ROA
0.00% (2.73%) 0.30% 5.43% 11.40% 3.74% 1.10% 0.22% 3.33% (11.25%)
ROIC
(55.71%) (50.23%) (33.36%) 6.74% (9.53%) (8.76%) (17.37%) (31.49%) (2.52%) (80.08%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Jun 2026 · latest quarter Jun 2026

Accuray Incorporated peers in Medical Devices

All 149 Medical Devices stocks →

Accuray Incorporated (ARAY) key facts

  • Accuray Incorporated (ARAY) is a Medical Devices company in the Healthcare sector, listed on Nasdaq.
  • Accuray Incorporated’s revenue for fiscal 2026 (year ended June 2026) was $401.9 million, down 12.3% from fiscal 2025.
  • Accuray Incorporated reported a net loss of $49.2 million, or a loss of $0.40 per share, for fiscal 2026.
  • As of September 25, 2026, ARAY traded at $0.22, a market capitalization of $27.8 million.
  • Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.1× sales.
  • Return on equity was −80.1% and debt-to-equity 3.51.

Source: company filings (standardised) and stockrow calculations.

Accuray Incorporated (ARAY) Latest News

News by impact score

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14 Sep

3

Accuray Incorporated enters an $8 million deal with RaySearch to advance its adaptive therapy initiatives. The RaySearch partnership targets Accuray's adaptive therapy development and may influence product positioning without major trajectory shifts.

11 Sep

4

Accuray and RaySearch have agreed to collaborate on integrating RayStation software with Accuray platforms to accelerate online adaptive capabilities. Collaboration advances core adaptive radiotherapy technology and strengthens Accuray's competitive positioning.

28 Aug

3

Accuray Incorporated posted mixed quarterly results with balance sheet improvements offset by ongoing drags from China operations. Mixed quarterly results with China drags indicate moderate effects on financial performance without fundamentally altering long-term trajectory.

26 Aug

4 transcript

Accuray (ARAY) released its Q4 2026 earnings call transcript covering financial results, operational updates, and management commentary on performance and outlook. Q4 earnings results and forward guidance typically drive notable shifts in investor sentiment and stock valuation for Accuray.

20 Aug

4

Accuray Incorporated's Q4 2026 earnings call emphasized strategic transformation alongside financial performance updates. Strategic transformation moves signal major shifts likely to alter company trajectory and investor views.

19 Aug

3

Accuray Incorporated held its Q4 2026 earnings call to report financial results and business outlook. Quarterly earnings releases and guidance directly shape near-term investor views on revenue and profitability.

3

Accuray Incorporated reported financial results for the fourth quarter and fiscal 2026. Quarterly earnings releases disclose performance metrics that can shift near-term investor views.

30 Jul

3

Accuray Incorporated entered agreements with TCW Asset Management to strengthen its financial position and liquidity. Agreements with TCW Asset Management directly improve Accuray's financial position and liquidity.

29 Jul

4

Accuray announces plans for financial strengthening, strategic partnerships, technology rollouts, and operational initiatives to drive long-term value creation. Major strategic moves including financial strengthening, partnerships, and technology rollouts can significantly alter company trajectory and investor sentiment.

15 May

3

Accuray Incorporated entered a master research agreement with the University of Wisconsin-Madison to advance personalized cancer care through joint research initiatives targeting improved patient treatments. Research collaboration supports potential product innovations in cancer treatment but carries no immediate financial or market-wide effects.

12 May

3

Accuray Inc encounters headwinds in the Middle East market, but its strategic shift plan demonstrates positive progress. Middle East challenges create moderate operational risks balanced by successful shift plan implementation.

6 May

4 transcript

Accuray (ARAY) released Q3 2026 earnings call transcript detailing quarterly financial results, operational updates, and forward guidance. Q3 2026 earnings transcript provides critical financial metrics, strategic insights, and outlook significantly shaping ARay's market performance and investor expectations.

4

Accuray Incorporated released Q3 earnings call highlights detailing quarterly financial results, operational updates, and forward guidance. Q3 earnings call highlights cover financial performance, revenue growth, and strategic outlook with potential to shift investor sentiment and stock trajectory.

4

Accuray Incorporated reported fiscal 2026 third quarter financial results, highlighting key revenue, net income, and operational metrics amid ongoing market challenges. Quarterly earnings reports like these significantly affect Accuray's financial trajectory, investor sentiment, and stock performance.

6 Apr

3

Accuray Incorporated appoints Paul Miele as Senior Vice President and Chief Commercial Officer. Appointing a Chief Commercial Officer impacts sales strategy and revenue growth but is balanced by execution uncertainties.

4 Feb

4 transcript

Accuray Incorporated reported its Q2 earnings, highlighting a revenue increase driven by strong demand for its radiation therapy systems. The company emphasized advancements in technology and product offerings, which are expected to enhance its competitive position. Management provided guidance for future growth, citing ongoing investments in innovation and market expansion. The earnings call also addressed challenges in the healthcare sector and strategies to navigate them effectively. Significant advancements in technology and strategic growth initiatives are likely to impact future performance.

4

Accuray Incorporated reported its financial results for the second quarter of fiscal 2026, highlighting key metrics such as revenue growth and operational performance. The company experienced an increase in sales driven by demand for its radiation therapy systems. Additionally, Accuray provided guidance for future quarters, indicating optimism about market conditions and product innovations. The results reflect the company's strategic focus on enhancing its technology and expanding its market presence. Significant revenue growth and positive future guidance indicate a strong potential for improved market performance.

3 transcript

Accuray Incorporated reported its Q2 2026 earnings, highlighting key financial metrics and operational updates. The company experienced fluctuations in revenue and provided insights into its product pipeline and market strategies. Management addressed challenges and opportunities in the competitive landscape, emphasizing ongoing efforts to enhance technology and customer engagement. Future outlook and guidance were also discussed, reflecting the company's strategic priorities. Moderate influence on financial performance and competitive positioning is expected due to ongoing product developments and market challenges.

3

Accuray Incorporated reported its fiscal Q2 earnings, highlighting key financial metrics and performance indicators. The company experienced fluctuations in revenue and net income compared to previous quarters. Management provided insights into operational challenges and strategic initiatives aimed at improving future performance. The earnings report reflects ongoing efforts to enhance product offerings and market presence in the radiation oncology sector. The earnings report indicates moderate fluctuations in financial performance that could influence investor sentiment and operational strategies.

11 Jan

3

Accuray Incorporated (NASDAQ:ARAY) has experienced a challenging five-year period for investors, with stock performance failing to yield profits. The company's financial struggles and market position have raised concerns about its future trajectory and ability to compete effectively in the medical technology sector. The company's ongoing financial difficulties and lack of profitability may moderately influence its market performance and investor sentiment.

15 Dec

4

Accuray Incorporated has announced the first phase of a comprehensive strategic, operational, and organizational transformation plan. The company anticipates that this initial phase will enhance annualized operating profitability by approximately $25 million and lay the groundwork for renewed growth. The transformation plan is expected to significantly improve profitability and set the stage for future growth.

13 Dec

3

Accuray Incorporated (NASDAQ:ARAY) is primarily controlled by institutional shareholders, who collectively own 59% of the company. This significant ownership stake indicates a strong influence of institutional investors on the company's strategic decisions and governance. Institutional ownership can moderately influence company direction and market sentiment, but it is not expected to drastically change the company's trajectory.

7 Nov

4

Accuray Incorporated reported its Q1 2026 earnings, highlighting strategic initiatives to navigate current challenges. The company emphasized its focus on innovation and market positioning to enhance financial performance. Key developments included updates on product launches and efforts to improve operational efficiency, aiming to strengthen its competitive edge in the medical technology sector. Significant strategic moves and product updates are expected to impact the company's future performance and market positioning.

5 Nov

4

Accuray Incorporated reported its financial results for the first quarter of fiscal 2026, highlighting key metrics such as revenue growth and operational performance. The company experienced an increase in sales driven by demand for its radiation therapy systems. Management provided insights into strategic initiatives aimed at enhancing product offerings and expanding market presence. The results reflect a positive trajectory, with expectations for continued growth in the upcoming quarters. Significant revenue growth and strategic initiatives indicate a strong potential for future performance and market positioning.

3

Accuray Incorporated reported its fiscal Q1 earnings, highlighting key financial metrics and performance indicators. The company experienced fluctuations in revenue and net income compared to the previous year, reflecting ongoing challenges in the market. Management provided insights into strategic initiatives aimed at improving operational efficiency and enhancing product offerings. The outlook for the upcoming quarters was discussed, with emphasis on potential growth areas and market opportunities. Fluctuations in revenue and net income indicate moderate influence on financial performance and market sentiment.

24 Oct

4

Accuray Incorporated has appointed Steve La Neve as its new CEO as part of a strategic transformation effort aimed at revitalizing the company. La Neve brings extensive experience in the medical technology sector and is expected to lead initiatives to enhance product offerings and improve operational efficiency. This leadership change is seen as a critical step in positioning Accuray for future growth and competitiveness in the market. The appointment of a new CEO with relevant industry experience is likely to significantly impact the company's strategic direction and operational performance.

20 Oct

4

Accuray Incorporated has appointed experienced executive leaders to enhance its transformation efforts aimed at driving performance and growth. This strategic move is expected to strengthen the company's operational capabilities and market position. The appointment of experienced leaders is a significant strategic move that could enhance operational performance and investor sentiment.

19 Oct

3

Accuray Incorporated is facing challenges in effectively allocating its capital, which may impact its operational efficiency and strategic initiatives. The company is navigating a complex financial landscape, raising concerns about its ability to optimize investments and drive growth. Stakeholders are closely monitoring these developments as they could influence future performance and market perception. Capital allocation challenges may moderately affect financial performance and strategic positioning.

8 Oct

4

Accuray Incorporated has achieved a significant milestone by successfully administering the first Stereotactic Body Radiation Therapy (SBRT) treatments using the CyberKnife® System in Melbourne, Australia. This advancement marks a notable step in enhancing cancer treatment options for patients in the region, showcasing Accuray's commitment to innovation in radiation therapy technology. The introduction of SBRT treatments with the CyberKnife® System in a new market is likely to significantly enhance Accuray's competitive positioning and market reach.

2 Oct

3

Accuray Incorporated's insider has increased their holdings in the company over the past year, indicating confidence in its future performance. This move may reflect positive expectations regarding the company's strategic direction and market position. Insider buying can signal confidence in the company's future, potentially influencing market sentiment and performance.

stockrow.com/ARAY · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com