0001437749-26-004221
SEC filingAccuray Incorporated reported a challenging fiscal Q2 2026, with revenue of $102.2 million and a net loss of $13.8 million. The company experienced an operating loss of $11.6 million, heavily impacted by $6.1 million in restructuring charges. Gross profit stood at $24.1 million, yielding a gross margin of 23.6%. Operating cash flow was negative $3.8 million, contributing to a decline in total cash and restricted cash to $47.9 million. The balance sheet reflects a highly leveraged position with total debt of $135.9 million against a stockholders' equity of $53.4 million. Compared to the prior quarter, the company faced headwinds in profitability, though specific prior period figures for detailed QoQ comparison were not provided in this data extract. The significant restructuring costs suggest a strategic pivot or cost-reduction initiative currently underway. Investors should monitor cash burn rates and the success of restructuring efforts in upcoming quarters.
Accuray Incorporated reported total revenue of $102.2 million for the fiscal second quarter ended December 31, 2025. The company recorded a gross profit of $24.1 million, resulting in a gross margin of 23.6%. Operating loss for the period was $11.6 million, driven by total operating expenses of $35.6 million. This includes significant one-time restructuring costs of $6.1 million. Consequently, the net loss attributable to the company widened to $13.8 million. The loss per share remained minimal at -$0.00, likely due to rounding in the reported figures. The financial results indicate ongoing operational challenges and margin pressures during this fiscal period.
The XBRL data provided does not include a detailed breakdown of revenue by specific product lines, service types, or geographic regions. Revenue is reported as a single aggregate figure of $102.2 million derived from contracts with customers. Without segment data or comparative prior period figures in the provided text, a detailed analysis of specific growth drivers or regional performance cannot be accurately constructed. The lack of segment disclosure limits the ability to assess the contribution of core product sales versus service revenue for this quarter.
Gross margin for the quarter stood at 23.6% ($24.1M / $102.2M). The cost of revenue was reported at $78.2 million. Operating margin was negative 11.4%, primarily due to substantial operating expenses. Research and development costs accounted for $10.7 million, while selling and marketing expenses were $8.8 million. General and administrative expenses added $10.1 million. The inclusion of $6.1 million in restructuring charges significantly impacted the operating margin, suggesting management is actively attempting to realign the cost structure to improve future profitability.
Operating activities consumed $3.8 million in cash during the quarter. Capital expenditures totaled $4.9 million for property and equipment and $4.5 million for capitalized software, resulting in a free cash outflow of approximately $8.7 million (Operating Cash Flow - CapEx). The company ended the period with $41.3 million in cash and cash equivalents and $6.6 million in restricted cash. Total debt levels remain high, with $11.1 million in short-term debt and $124.8 million in long-term debt, totaling $135.9 million. Stockholders' equity stands at $53.4 million, resulting in a debt-to-equity ratio of approximately 2.5x.
The provided XBRL financial data and document content do not contain specific forward-looking statements, management guidance, or strategic commentary regarding future quarters. The presence of significant restructuring charges ($6.1 million) implies that the company is undergoing a transformation or cost-reduction program. Investors should look to the full 10-Q filing's Management's Discussion and Analysis (MD&A) section for detailed guidance on revenue targets, expected restructuring timelines, and risk factors affecting future performance.