Varex Imaging (VREX) Research & Development (2016 - 2026)
Varex Imaging (VREX) posted Research & Development of $23.3 million for fiscal Q3 2026 (quarter ended Jul 3, 2026), up 8.9% from $21.4 million a year earlier and up 5.0% from the prior quarter.
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Analysis
Varex Imaging (VREX) Research & Development (2016 - 2026) Analysis & Trends
For the trailing twelve months through Jul 3, 2026, Research & Development at Varex Imaging was $91.4 million, up 2.9% year-over-year; for FY2025 (ended Oct 3, 2025), it came in at $91.1 million, up 4.7% from FY2024.
- Annual Research & Development has increased for four consecutive fiscal years, with a five-year compound annual growth rate of 2.9% (FY2020 to FY2025).
- In prior fiscal years, Varex Imaging's Research & Development was $87 million in FY2024 (+2.6%), $84.8 million in FY2023 (+10.1%), $77 million in FY2022 (+7.1%) and $71.9 million in FY2021 (-8.9%).
- Quarterly Research & Development has run from a low of $17.7 million in fiscal Q1 2022 to a high of $24.2 million in fiscal Q4 2025 over five years.
- On a year-over-year basis, Research & Development increased in five of the last eight quarters, with growth averaging 2.8%.
- The strongest year-over-year quarter for Research & Development in the past five years was fiscal Q2 2023, with growth of 21.7%; the weakest was fiscal Q1 2026, with a decline of 7.7%.
- According to Business Quant data, Research & Development for the three prior fiscal quarters was $22.2 million (Q2 2026), $21.7 million (Q1 2026) and $24.2 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 258.00 Mn |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 278.90 Mn |
| 10 | Varex Imaging | 778.05 Mn | 323.75 Mn | 76.70 Mn | 23.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 23.30 Mn |
| Apr 3, 2026 | 22.20 Mn |
| Jan 2, 2026 | 21.70 Mn |
| Oct 3, 2025 | 24.20 Mn |
| Jul 4, 2025 | 21.40 Mn |
| Apr 4, 2025 | 22.00 Mn |
| Jan 3, 2025 | 23.50 Mn |
| Sep 27, 2024 | 21.90 Mn |
| Jun 28, 2024 | 22.00 Mn |
| Mar 29, 2024 | 22.60 Mn |
| Dec 29, 2023 | 20.50 Mn |
| Sep 29, 2023 | 21.80 Mn |
| Jun 30, 2023 | 20.00 Mn |
| Mar 31, 2023 | 23.00 Mn |
| Dec 30, 2022 | 20.00 Mn |
| Sep 30, 2022 | 20.20 Mn |
| Jul 1, 2022 | 20.20 Mn |
| Apr 1, 2022 | 18.90 Mn |
| Dec 31, 2021 | 17.70 Mn |
| Oct 1, 2021 | 17.80 Mn |
API Access
Varex Imaging Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=VREX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "VREX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=VREX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();