Varex Imaging (VREX) Operating Expenses (2016 - 2026)
Varex Imaging's (VREX) quarterly Operating Expenses came in at $53.9 million in Q3 2026, down 63.63% year-over-year from $148.2 million in Q3 2025, and down 7.39% quarter-over-quarter from $58.2 million in Q2 2026.
Analysis
Varex Imaging (VREX) Operating Expenses (2016 - 2026) Analysis & Trends
Varex Imaging (VREX) has reported Operating Expenses for 11 consecutive years, with $53.9 million the latest figure, recorded in Q3 2026.
- On a quarterly basis, Operating Expenses fell 63.63% year-over-year to $53.9 million in Q3 2026; TTM through Jul 2026 was $224.7 million, a 28.96% decrease from a year earlier, with the FY2025 full-year figure at $318.3 million, up 41.59% from the prior year.
- Operating Expenses was $53.9 million for Q3 2026 at Varex Imaging, down from $58.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $148.2 million in Q3 2025 and troughed at $44.2 million in Q2 2022.
- A 5-year average of $59.3 million and a median of $54.5 million in 2025 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses soared 157.29% in 2025 and sank 63.63% in 2026, its largest moves.
- Over 5 years, Operating Expenses stood at $50.3 million in 2022, then increased by 5.17% to $52.9 million in 2023, then grew by 6.24% to $56.2 million in 2024, then grew by 3.56% to $58.2 million in 2025, then slipped by 7.39% to $53.9 million in 2026.
- The last three Operating Expenses figures came in at $53.9 million (Q3 2026), $58.2 million (Q2 2026), and $54.4 million (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 29.54 Bn | 27.44 Bn | 2.18 Bn | 1.44 Bn |
| 2 | Lantheus Holdings | 6.56 Bn | 5.97 Bn | 241.86 Mn | 103.44 Mn |
| 3 | Heartflow | 4.04 Bn | 3.66 Bn | 53.19 Mn | 71.09 Mn |
| 4 | Neogen | 2.59 Bn | 2.41 Bn | 107.80 Mn | 104.70 Mn |
| 5 | Butterfly Network | 1.96 Bn | 1.84 Bn | 23.29 Mn | 36.95 Mn |
| 6 | Ceribell | 928.74 Mn | 799.48 Mn | 25.94 Mn | 45.92 Mn |
| 7 | QuidelOrtho | 866.04 Mn | 742.64 Mn | - | - |
| 8 | Varex Imaging | 779.06 Mn | 679.86 Mn | 76.70 Mn | 53.90 Mn |
| 9 | Prenetics Global | 339.99 Mn | 280.94 Mn | 30.20 Mn | -10.82 Mn |
| 10 | CapsoVision | 318.60 Mn | 309.52 Mn | 1.87 Mn | 9.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 53.90 Mn |
| Apr 3, 2026 | 58.20 Mn |
| Jan 2, 2026 | 54.40 Mn |
| Oct 3, 2025 | 58.20 Mn |
| Jul 4, 2025 | 148.20 Mn |
| Apr 4, 2025 | 54.60 Mn |
| Jan 3, 2025 | 57.30 Mn |
| Sep 27, 2024 | 56.20 Mn |
| Jun 28, 2024 | 57.60 Mn |
| Mar 29, 2024 | 58.10 Mn |
| Dec 29, 2023 | 52.90 Mn |
| Sep 29, 2023 | 53.70 Mn |
| Jun 30, 2023 | 52.10 Mn |
| Mar 31, 2023 | 57.10 Mn |
| Dec 30, 2022 | 50.30 Mn |
| Sep 30, 2022 | 49.90 Mn |
| Jul 1, 2022 | 50.40 Mn |
| Apr 1, 2022 | 44.20 Mn |
| Dec 31, 2021 | 50.80 Mn |
| Oct 1, 2021 | 49.10 Mn |