Varex Imaging (VREX) Research & Development (2016 - 2026)
Varex Imaging's (VREX) quarterly Research & Development came in at $23.3 million in Q3 2026, up 8.88% year-over-year from $21.4 million in Q3 2025, and up 4.95% quarter-over-quarter from $22.2 million in Q2 2026.
Analysis
Varex Imaging (VREX) Research & Development (2016 - 2026) Analysis & Trends
Varex Imaging (VREX) has reported Research & Development for 11 consecutive years, with $23.3 million the latest figure, recorded in Q3 2026.
- On a quarterly basis, Research & Development rose 8.88% year-over-year to $23.3 million in Q3 2026; TTM through Jul 2026 was $91.4 million, a 2.93% increase from a year earlier, with the FY2025 full-year figure at $91.1 million, up 4.71% from the prior year.
- Research & Development was $23.3 million for Q3 2026 at Varex Imaging, up from $22.2 million in the prior quarter.
- Over five years, Research & Development peaked at $24.2 million in Q4 2025 and troughed at $18.9 million in Q2 2022.
- A 5-year average of $21.6 million and a median of $21.8 million in 2023 frame the typical range for Research & Development.
- Across the five-year window, Research & Development advanced 21.69% in 2023 and declined 7.66% in 2026, its largest moves.
- Over 5 years, Research & Development stood at $20.0 million in 2022, then climbed by 2.5% to $20.5 million in 2023, then advanced by 6.83% to $21.9 million in 2024, then gained by 10.5% to $24.2 million in 2025, then dropped by 3.72% to $23.3 million in 2026.
- The last three Research & Development figures came in at $23.3 million (Q3 2026), $22.2 million (Q2 2026), and $21.7 million (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 29.54 Bn | 27.44 Bn | 2.18 Bn | 323.00 Mn |
| 2 | Lantheus Holdings | 6.56 Bn | 5.97 Bn | 241.86 Mn | 82.81 Mn |
| 3 | Heartflow | 4.04 Bn | 3.66 Bn | 53.19 Mn | 30.58 Mn |
| 4 | Neogen | 2.59 Bn | 2.41 Bn | 107.80 Mn | 41.10 Mn |
| 5 | Butterfly Network | 1.96 Bn | 1.84 Bn | 23.29 Mn | 11.47 Mn |
| 6 | Ceribell | 928.74 Mn | 799.48 Mn | 25.94 Mn | 24.42 Mn |
| 7 | QuidelOrtho | 866.04 Mn | 742.64 Mn | - | - |
| 8 | Varex Imaging | 779.06 Mn | 679.86 Mn | 76.70 Mn | 23.30 Mn |
| 9 | Prenetics Global | 339.99 Mn | 280.94 Mn | 30.20 Mn | -757,000.00 |
| 10 | CapsoVision | 318.60 Mn | 309.52 Mn | 1.87 Mn | 5.31 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 |