ACCURAY INC Segments Disclosure
Note 14. Segment Disclosure
The Company has one operating and reporting segment (oncology systems group), which develops, manufactures and markets proprietary medical devices used in radiation therapy for the treatment of cancer patients. The Company’s , its Chief Operating Decision Maker (“CODM”), assesses financial performance by reviewing a reporting package based on consolidated results of the Company when making decisions about allocating resources and assessing performance. The CODM evaluates performance based on net revenues, gross profit, and operating income which are consistent with what is reported on the consolidated statements of comprehensive income (loss). Significant segment expenses regularly provided to the CODM are consolidated research and development expenses, sales and marketing, and general and administrative expenses as reported on the consolidated financial statements. In addition, the CODM regularly reviews the budget and forecast-to-actual variances to evaluate performance and to make decisions about allocating capital and other resources. The Company does not assess the performance of its individual product lines on measures of profit or loss, or asset-based metrics. Therefore, the information below is presented only for revenues and long‑lived tangible assets by geographic areas.
Disaggregation of Revenues
The Company disaggregates its revenues from contracts by geographic region, as the Company believes this best depicts how the nature, amount, timing and uncertainty of revenues and cash flows are affected by economic factors. The Company reports its customer revenues in five geographic regions: the Americas, EIMEA, Japan, China and Asia Pacific. The Americas region primarily includes the United States, Canada, and Latin America. The EIMEA region includes Europe, India, the Middle East and Africa. The Asia Pacific region consists of Asia (excluding Japan and China), Australia and New Zealand.
Additionally, the Company typically recognizes revenue at a point in time for product revenue and recognizes revenue over time for service revenue. Revenues attributed to a country or region are based on the shipping addresses of the Company’s customers.
The following summarizes net revenue by geographic region (in thousands):
|
|
Years ended June 30, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
Americas |
|
$ |
88,768 |
|
|
$ |
90,156 |
|
EIMEA |
|
|
144,264 |
|
|
|
168,611 |
|
China |
|
|
124,475 |
|
|
|
103,412 |
|
Japan |
|
|
53,622 |
|
|
|
55,682 |
|
Asia Pacific |
|
|
47,376 |
|
|
|
28,690 |
|
Total net revenues |
|
$ |
458,505 |
|
|
$ |
446,551 |
|
The following summarizes countries that represent more than ten percent of the Company’s net revenues (in thousands):
|
|
Years ended June 30, |
|
|||||
|
|
2025 |
|
|
2024 |
|
||
United States |
|
|
16 |
% |
|
|
18 |
% |
China |
|
|
27 |
% |
|
|
23 |
% |
Japan |
|
|
12 |
% |
|
|
12 |
% |
Rest of world |
|
|
45 |
% |
|
|
47 |
% |
Total net revenues |
|
|
100 |
% |
|
|
100 |
% |
Disaggregation of long-lived assets
Information regarding geographic areas in which the Company has long-lived assets, which consists of property, plant and equipment, net, and operating lease right-of-use assets are as follows (in thousands):
|
|
June 30, |
|
|
June 30, |
|
||
Americas |
|
$ |
49,466 |
|
|
$ |
46,570 |
|
EIMEA |
|
|
9,220 |
|
|
|
9,327 |
|
China |
|
|
1,577 |
|
|
|
1,211 |
|
Japan |
|
|
999 |
|
|
|
1,304 |
|
Asia Pacific |
|
|
511 |
|
|
|
135 |
|
Total long-lived assets |
|
$ |
61,773 |
|
|
$ |
58,547 |
|
The long-lived assets in the Americas region are located in the United States as of June 30, 2025, and June 30, 2024.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 28, 2025 | Showing above |
| 2024 | Sep 19, 2024 | |
| 2023 | Sep 7, 2023 | |
| 2022 | Aug 17, 2022 | |
| 2021 | Aug 17, 2021 | |
| 2020 | Aug 25, 2020 | |
| 2019 | Aug 23, 2019 | |
| 2018 | Aug 24, 2018 | |
| 2017 | Aug 25, 2017 | |
| 2016 | Aug 24, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.