Accuray Q4 revenue down 21% YoY; FY26 net loss $49.2M; TCW financing closes

ACCURAY INC

Q4 revenue $100.9M (-21% YoY); product revenue $40.8M (-42%), service revenue $60.1M (+6%).
Q4 net loss $1.9M ($0.02/share) vs prior-year income $1.1M; adjusted EBITDA $12.9M vs $9.4M.
FY26 net loss $49.2M ($0.40/share) vs $1.6M loss; revenue $401.9M (-12%); adjusted EBITDA $10.6M vs $28.3M.
Transformation plan delivered >$20M cost/margin improvement in FY26, exceeding $12M target; TCW financing strengthens liquidity, reduces leverage.
No FY27 revenue or EBITDA guidance given due to geopolitical, tariff, and China/Middle East uncertainty; service growth expected.

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