ACCURAY INC
For the period ended Jun 30, 2026. Filed Aug 27, 2026.
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FY2026 · Filed Aug 27, 2026
ARAY$3.19-16.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Years Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(49,194) | $(1,591) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 7,942 | 6,150 |
| Share-based compensation | 6,455 | 10,201 |
| Amortization of debt financing costs and discount for warrants issued to lenders | 8,088 | 1,439 |
| Gain on extinguishment of debt | — | (1,475) |
| Non-cash interest paid-in-kind | 9,704 | 616 |
| Gain (loss) from change in fair value of warrant liability | (8,369) | 499 |
| Provision for (recovery of) credit losses | 573 | (101) |
| Provision for write-down of inventories | 3,583 | 2,216 |
| Asset Impairments | 2,375 | — |
| Loss on disposal of property and equipment | 538 | — |
| Income from equity method investment | (1,124) | (4,714) |
| Net deferred gross profit (loss) on sales to the JV | (36) | 7,666 |
| Provision for deferred income taxes | 624 | 156 |
| Changes in assets and liabilities: | ||
| Accounts receivable | 11,520 | 13,356 |
| Inventories | (12,484) | (9,109) |
| Prepaid expenses and other assets | (8,011) | (2,542) |
| Deferred cost of revenue | 1,483 | (912) |
| Accounts payable | 5,171 | (18,674) |
| Operating lease liabilities, net of operating lease right-of-use assets | 963 | 620 |
| Accrued compensation and accrued liabilities | 7,665 | (5,906) |
| Customer advances | (1,443) | (2,440) |
| Deferred revenues | 6,996 | 7,405 |
| Net cash (used in) provided by operating activities | (6,981) | 2,860 |
| Cash flows from investing activities | ||
| Purchases of property and equipment, net | (5,861) | (4,272) |
| Capitalized costs for software to be sold | (6,418) | (4,251) |
| Net cash used in investing activities | (12,279) | (8,523) |
| Cash flows from financing activities | ||
| Proceeds from the issuance of common stock to employees | 665 | 1,627 |
| Taxes paid related to net share settlement of equity awards | (51) | (90) |
| Proceeds from Term Loan Facility | — | 150,000 |
| Debt financing costs | (1,142) | (13,289) |
| Paydown of 2026 Convertible Notes | (18,000) | (68,500) |
| Borrowings under Delayed Draw Facility | 18,250 | — |
| Paydown of Term Loan Facility | (1,600) | (64,000) |
| Borrowings under Revolving Credit Facility | 19,000 | 27,000 |
| Repayments under Revolving Credit Facility | (14,000) | (37,000) |
| Proceeds from the IEEPA Financing Agreement | 6,607 | — |
| Payments of IEEPA refunds to third-party purchaser | (2,752) | — |
| Net cash provided by (used in) financing activities | 6,977 | (4,252) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (1,084) | 1,657 |
| Net decrease in cash, cash equivalents and restricted cash | (13,367) | (8,258) |
| Cash, cash equivalents and restricted cash at beginning of period | 62,134 | 70,392 |
| Cash, cash equivalents and restricted cash at end of period | $48,767 | $62,134 |
Accuray Incorporated
| Years Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental Disclosure of Cash Flow Information | ||
| Cash paid for income taxes | $2,323 | $3,870 |
| Cash paid for interest | $13,859 | $9,737 |
| Supplemental non-cash disclosure: | ||
| Fair value of stock issued to settle Convertible Notes | $— | $11,102 |
| Fair value of warrants issued with debt | $6,629 | $21,105 |
| Unpaid purchase of property and equipment at end of year | $9 | $888 |
| Unpaid capitalized software costs at end of year | $— | $258 |
| Transfers from inventory to property and equipment | $1,636 | $3,709 |
| Transfer of inventory to other assets | $(1,218) | $1,218 |
| Transfer of lease liabilities to leasehold improvements | $— | $1,251 |
| Transfer of other assets to property and equipment | $— | $242 |
| Financing obligation from uncollected IEEPA refunds | $2,763 | $— |
| Dividend receivable from joint venture | $1,446 | $2,453 |
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