For the quarter ending 2025-12-31, ARAY had -$22,059K decrease in cash & cash equivalents over the period. -$19,011K in free cash flow.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net income attributable to the company | -13,770 | -21,678 | -1,591 |
| Depreciation and amortization | 2,163 | 1,676 | 6,150 |
| Share-based compensation | 882 | 2,515 | 10,201 |
| Amortization of debt financing costs and discount for warrants issued to lenders | 1,619 | 1,905 | 1,439 |
| Gain on extinguishment of debt | - | - | 1,475 |
| Non-cash interest paid-in-kind | 2,383 | 2,308 | 616 |
| (gain) loss from change in fair value of warrant liability | -5,713 | 1,874 | 499 |
| Provision from credit losses | -22 | 685 | -101 |
| Provision for write-down of inventories | 490 | 1,020 | 2,216 |
| Asset impairments | 1,212 | - | - |
| Loss on disposal of property and equipment | -234 | -160 | - |
| Income from equity method investment | 471 | 439 | 4,714 |
| Net deferred gross profit on sales to the jv | - | 1,081 | -7,666 |
| Net recognized gross profit on sales to the jv | 139 | - | - |
| Provision for deferred income taxes, net | 29 | -6 | 156 |
| Accounts receivable | 8,858 | -28,288 | -13,356 |
| Inventories | -4,936 | 16,577 | 9,109 |
| Prepaid expenses and other assets | 6,744 | -3,497 | 2,542 |
| Deferred cost of revenue | 1,193 | -1,329 | 912 |
| Accounts payable | 962 | 9,642 | -18,674 |
| Operating lease liabilities, net of operating lease right-of-use assets | 683 | 99 | 620 |
| Accrued liabilities | - | - | -5,906 |
| Accrued compensation and accrued liabilities | 4,533 | -2,576 | - |
| Customer advances | -146 | -70 | -2,440 |
| Deferred revenues | 2,025 | -2,553 | 7,405 |
| Net cash used in operating activities | -15,986 | 12,180 | 2,860 |
| Purchases of property and equipment | 3,025 | 1,904 | 4,272 |
| Capitalized costs for software to be sold | 2,571 | 1,920 | 4,251 |
| Net cash used in investing activities | -5,596 | -3,824 | -8,523 |
| Proceeds from the issuance of common stock to employees | 516 | - | 1,627 |
| Taxes paid related to net share settlement of equity awards | 48 | - | 90 |
| Proceeds from term loan due 2030-Term Loan Facilities Due2030 | - | - | 150,000 |
| Debt financing costs paid | 375 | 0 | 13,289 |
| Paydown of prior convertible notes | - | - | 68,500 |
| Paydown of prior term loan facility-Term Loan Facilities | - | - | 64,000 |
| Paydown under term loan facilities | - | 475 | - |
| Paydown under term loan facility-Term Loan Facilities | 850 | - | - |
| Borrowings under the prior revolving credit facility | - | - | 27,000 |
| Borrowings revolving credit facilities | 5,000 | 2,000 | - |
| Repayments under the prior revolving credit facility | - | - | 37,000 |
| Repayments under revolving credit facilities | 5,000 | 2,000 | - |
| Net cash (used in) provided by financing activities | -282 | -475 | -4,252 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -195 | -87 | 1,657 |
| Net decrease in cash, cash equivalents and restricted cash | -22,059 | 7,794 | -8,258 |
| Cash and cash equivalents at beginning of period | 69,928 | 62,134 | 70,392 |
| Cash and cash equivalents at end of period | 47,869 | 69,928 | 62,134 |
ACCURAY INC (ARAY)
ACCURAY INC (ARAY)