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Side-by-side financial comparison of ACCURAY INC (ARAY) and Hippo Holdings Inc. (HIPO). Click either name above to swap in a different company.

Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $102.2M, roughly 1.2× ACCURAY INC). Hippo Holdings Inc. runs the higher net margin — 5.0% vs -13.5%, a 18.5% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs -12.0%). Hippo Holdings Inc. produced more free cash flow last quarter ($9.1M vs $-19.0M). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs 0.5%).

Accuray is a radiation therapy company that develops, manufactures, and sells radiation therapy systems to deliver treatments including stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT). It is the developer of innovative technologies, the CyberKnife and TomoTherapy platforms, including the Radixact System, the latest generation TomoTherapy platform. The company is headquartered in Sunnyvale, CA, the United States. The platforms are installed in leading healthcare ...

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

ARAY vs HIPO — Head-to-Head

Bigger by revenue
HIPO
HIPO
1.2× larger
HIPO
$120.4M
$102.2M
ARAY
Growing faster (revenue YoY)
HIPO
HIPO
+30.1% gap
HIPO
18.2%
-12.0%
ARAY
Higher net margin
HIPO
HIPO
18.5% more per $
HIPO
5.0%
-13.5%
ARAY
More free cash flow
HIPO
HIPO
$28.1M more FCF
HIPO
$9.1M
$-19.0M
ARAY
Faster 2-yr revenue CAGR
HIPO
HIPO
Annualised
HIPO
18.9%
0.5%
ARAY

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
ARAY
ARAY
HIPO
HIPO
Revenue
$102.2M
$120.4M
Net Profit
$-13.8M
$6.0M
Gross Margin
23.5%
Operating Margin
-11.3%
5.6%
Net Margin
-13.5%
5.0%
Revenue YoY
-12.0%
18.2%
Net Profit YoY
-642.8%
-86.4%
EPS (diluted)
$-0.11
$0.31

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARAY
ARAY
HIPO
HIPO
Q4 25
$102.2M
$120.4M
Q3 25
$93.9M
$120.6M
Q2 25
$127.5M
$117.3M
Q1 25
$113.2M
$110.3M
Q4 24
$116.2M
$101.9M
Q3 24
$101.5M
$95.5M
Q2 24
$134.3M
$89.6M
Q1 24
$101.1M
$85.1M
Net Profit
ARAY
ARAY
HIPO
HIPO
Q4 25
$-13.8M
$6.0M
Q3 25
$-21.7M
$98.1M
Q2 25
$1.1M
$1.3M
Q1 25
$-1.3M
$-47.7M
Q4 24
$2.5M
$44.2M
Q3 24
$-4.0M
$-8.5M
Q2 24
$3.4M
$-40.5M
Q1 24
$-6.3M
$-35.7M
Gross Margin
ARAY
ARAY
HIPO
HIPO
Q4 25
23.5%
Q3 25
28.3%
Q2 25
30.6%
Q1 25
27.9%
Q4 24
36.1%
Q3 24
33.9%
Q2 24
28.6%
Q1 24
28.7%
Operating Margin
ARAY
ARAY
HIPO
HIPO
Q4 25
-11.3%
5.6%
Q3 25
-12.0%
81.3%
Q2 25
3.3%
3.4%
Q1 25
0.9%
-41.3%
Q4 24
4.1%
46.3%
Q3 24
-2.1%
-5.4%
Q2 24
5.1%
-40.7%
Q1 24
-4.5%
-38.7%
Net Margin
ARAY
ARAY
HIPO
HIPO
Q4 25
-13.5%
5.0%
Q3 25
-23.1%
81.3%
Q2 25
0.9%
1.1%
Q1 25
-1.1%
-43.2%
Q4 24
2.2%
43.4%
Q3 24
-3.9%
-8.9%
Q2 24
2.5%
-45.2%
Q1 24
-6.3%
-42.0%
EPS (diluted)
ARAY
ARAY
HIPO
HIPO
Q4 25
$-0.11
$0.31
Q3 25
$-0.18
$3.77
Q2 25
$0.01
$0.05
Q1 25
$-0.01
$-1.91
Q4 24
$0.02
$1.81
Q3 24
$-0.04
$-0.34
Q2 24
$0.03
$-1.64
Q1 24
$-0.06
$-1.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARAY
ARAY
HIPO
HIPO
Cash + ST InvestmentsLiquidity on hand
$41.3M
$218.3M
Total DebtLower is stronger
$135.9M
Stockholders' EquityBook value
$53.4M
$436.1M
Total Assets
$448.0M
$1.9B
Debt / EquityLower = less leverage
2.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARAY
ARAY
HIPO
HIPO
Q4 25
$41.3M
$218.3M
Q3 25
$63.3M
$247.7M
Q2 25
$57.4M
$198.9M
Q1 25
$77.8M
$140.9M
Q4 24
$62.6M
$197.6M
Q3 24
$59.2M
$191.2M
Q2 24
$68.6M
$175.9M
Q1 24
$60.5M
$223.4M
Total Debt
ARAY
ARAY
HIPO
HIPO
Q4 25
$135.9M
Q3 25
$140.2M
Q2 25
$136.5M
Q1 25
$173.8M
Q4 24
$175.5M
Q3 24
$170.2M
Q2 24
$172.2M
Q1 24
$173.5M
Stockholders' Equity
ARAY
ARAY
HIPO
HIPO
Q4 25
$53.4M
$436.1M
Q3 25
$61.9M
$421.5M
Q2 25
$81.2M
$332.5M
Q1 25
$49.6M
$322.8M
Q4 24
$47.9M
$362.1M
Q3 24
$45.2M
$326.4M
Q2 24
$45.1M
$322.6M
Q1 24
$41.1M
$351.2M
Total Assets
ARAY
ARAY
HIPO
HIPO
Q4 25
$448.0M
$1.9B
Q3 25
$456.8M
$1.9B
Q2 25
$470.2M
$1.7B
Q1 25
$484.3M
$1.5B
Q4 24
$478.4M
$1.5B
Q3 24
$473.1M
$1.5B
Q2 24
$468.6M
$1.5B
Q1 24
$462.5M
$1.5B
Debt / Equity
ARAY
ARAY
HIPO
HIPO
Q4 25
2.54×
Q3 25
2.27×
Q2 25
1.68×
Q1 25
3.50×
Q4 24
3.66×
Q3 24
3.76×
Q2 24
3.82×
Q1 24
4.22×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARAY
ARAY
HIPO
HIPO
Operating Cash FlowLast quarter
$-16.0M
$9.2M
Free Cash FlowOCF − Capex
$-19.0M
$9.1M
FCF MarginFCF / Revenue
-18.6%
7.6%
Capex IntensityCapex / Revenue
3.0%
0.1%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$-2.7M
$14.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARAY
ARAY
HIPO
HIPO
Q4 25
$-16.0M
$9.2M
Q3 25
$12.2M
$16.9M
Q2 25
$-9.7M
$24.7M
Q1 25
$18.1M
$-35.6M
Q4 24
$1.8M
$47.5M
Q3 24
$-7.3M
$46.8M
Q2 24
$9.9M
$-10.6M
Q1 24
$-8.1M
$17.7M
Free Cash Flow
ARAY
ARAY
HIPO
HIPO
Q4 25
$-19.0M
$9.1M
Q3 25
$10.3M
$16.8M
Q2 25
$-11.0M
$24.6M
Q1 25
$17.1M
$-35.7M
Q4 24
$927.0K
$47.2M
Q3 24
$-8.4M
Q2 24
$9.4M
$-10.7M
Q1 24
$-8.9M
$17.6M
FCF Margin
ARAY
ARAY
HIPO
HIPO
Q4 25
-18.6%
7.6%
Q3 25
10.9%
13.9%
Q2 25
-8.6%
21.0%
Q1 25
15.1%
-32.4%
Q4 24
0.8%
46.3%
Q3 24
-8.3%
Q2 24
7.0%
-11.9%
Q1 24
-8.8%
20.7%
Capex Intensity
ARAY
ARAY
HIPO
HIPO
Q4 25
3.0%
0.1%
Q3 25
2.0%
0.1%
Q2 25
1.0%
0.1%
Q1 25
0.8%
0.1%
Q4 24
0.8%
0.3%
Q3 24
1.1%
0.0%
Q2 24
0.3%
0.1%
Q1 24
0.8%
0.1%
Cash Conversion
ARAY
ARAY
HIPO
HIPO
Q4 25
1.53×
Q3 25
0.17×
Q2 25
-8.64×
19.00×
Q1 25
Q4 24
0.71×
1.07×
Q3 24
Q2 24
2.92×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARAY
ARAY

Services$57.2M56%
Products$45.0M44%

HIPO
HIPO

Segment breakdown not available.

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