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Side-by-side financial comparison of ACCURAY INC (ARAY) and Vivid Seats Inc. (SEAT). Click either name above to swap in a different company.
ACCURAY INC is the larger business by last-quarter revenue ($102.2M vs $97.5M, roughly 1.0× Vivid Seats Inc.). Vivid Seats Inc. runs the higher net margin — 1212.8% vs -13.5%, a 1226.2% gap on every dollar of revenue. On growth, ACCURAY INC posted the faster year-over-year revenue change (-12.0% vs -41.0%). ACCURAY INC produced more free cash flow last quarter ($-19.0M vs $-38.3M). Over the past eight quarters, ACCURAY INC's revenue compounded faster (0.5% CAGR vs -21.9%).
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 ...
Vivid Seats Inc. is an American online ticket market place and resale company. It is the official ticketing partner of numerous sports teams and media outlets including ESPN, United Airlines, the San Francisco 49ers and the Los Angeles Chargers. Its rewards program allows fans to earn points on purchases. Vivid Seats is a member of the Internet Association, which advocates for net neutrality.
ARAY vs SEAT — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $102.2M | $97.5M |
| Net Profit | $-13.8M | $1.2B |
| Gross Margin | 23.5% | — |
| Operating Margin | -11.3% | — |
| Net Margin | -13.5% | 1212.8% |
| Revenue YoY | -12.0% | -41.0% |
| Net Profit YoY | -642.8% | 12369.2% |
| EPS (diluted) | $-0.11 | — |
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.
| Q4 25 | $102.2M | $97.5M | ||
| Q3 25 | $93.9M | $104.8M | ||
| Q2 25 | $127.5M | $114.5M | ||
| Q1 25 | $113.2M | $133.7M | ||
| Q4 24 | $116.2M | $165.2M | ||
| Q3 24 | $101.5M | $152.7M | ||
| Q2 24 | $134.3M | $170.0M | ||
| Q1 24 | $101.1M | $160.0M |
| Q4 25 | $-13.8M | $1.2B | ||
| Q3 25 | $-21.7M | $-30.2M | ||
| Q2 25 | $1.1M | $-335.4M | ||
| Q1 25 | $-1.3M | $-10.6M | ||
| Q4 24 | $2.5M | $-9.6M | ||
| Q3 24 | $-4.0M | $10.6M | ||
| Q2 24 | $3.4M | $-437.0K | ||
| Q1 24 | $-6.3M | $12.9M |
| 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% | — |
| Q4 25 | -11.3% | — | ||
| Q3 25 | -12.0% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 0.9% | — | ||
| Q4 24 | 4.1% | — | ||
| Q3 24 | -2.1% | — | ||
| Q2 24 | 5.1% | — | ||
| Q1 24 | -4.5% | — |
| Q4 25 | -13.5% | 1212.8% | ||
| Q3 25 | -23.1% | -28.9% | ||
| Q2 25 | 0.9% | -293.0% | ||
| Q1 25 | -1.1% | -7.9% | ||
| Q4 24 | 2.2% | -5.8% | ||
| Q3 24 | -3.9% | 7.0% | ||
| Q2 24 | 2.5% | -0.3% | ||
| Q1 24 | -6.3% | 8.0% |
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.18 | — | ||
| Q2 25 | $0.01 | — | ||
| Q1 25 | $-0.01 | — | ||
| Q4 24 | $0.02 | — | ||
| Q3 24 | $-0.04 | — | ||
| Q2 24 | $0.03 | — | ||
| Q1 24 | $-0.06 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.3M | $102.7M |
| Total DebtLower is stronger | $135.9M | $16.5M |
| Stockholders' EquityBook value | $53.4M | $-85.1M |
| Total Assets | $448.0M | $636.9M |
| Debt / EquityLower = less leverage | 2.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.3M | $102.7M | ||
| Q3 25 | $63.3M | $145.1M | ||
| Q2 25 | $57.4M | $153.0M | ||
| Q1 25 | $77.8M | $199.5M | ||
| Q4 24 | $62.6M | $243.5M | ||
| Q3 24 | $59.2M | $202.3M | ||
| Q2 24 | $68.6M | $234.3M | ||
| Q1 24 | $60.5M | $154.0M |
| Q4 25 | $135.9M | $16.5M | ||
| Q3 25 | $140.2M | $17.1M | ||
| Q2 25 | $136.5M | $17.7M | ||
| Q1 25 | $173.8M | $18.2M | ||
| Q4 24 | $175.5M | $18.7M | ||
| Q3 24 | $170.2M | $15.8M | ||
| Q2 24 | $172.2M | $16.1M | ||
| Q1 24 | $173.5M | $15.7M |
| Q4 25 | $53.4M | $-85.1M | ||
| Q3 25 | $61.9M | $272.2M | ||
| Q2 25 | $81.2M | $217.3M | ||
| Q1 25 | $49.6M | $380.7M | ||
| Q4 24 | $47.9M | $261.1M | ||
| Q3 24 | $45.2M | $329.4M | ||
| Q2 24 | $45.1M | $155.8M | ||
| Q1 24 | $41.1M | $139.6M |
| Q4 25 | $448.0M | $636.9M | ||
| Q3 25 | $456.8M | $1.1B | ||
| Q2 25 | $470.2M | $1.1B | ||
| Q1 25 | $484.3M | $1.6B | ||
| Q4 24 | $478.4M | $1.6B | ||
| Q3 24 | $473.1M | $1.6B | ||
| Q2 24 | $468.6M | $1.7B | ||
| Q1 24 | $462.5M | $1.6B |
| Q4 25 | 2.54× | — | ||
| Q3 25 | 2.27× | 0.06× | ||
| Q2 25 | 1.68× | 0.08× | ||
| Q1 25 | 3.50× | 0.05× | ||
| Q4 24 | 3.66× | 0.07× | ||
| Q3 24 | 3.76× | 0.05× | ||
| Q2 24 | 3.82× | 0.10× | ||
| Q1 24 | 4.22× | 0.11× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-16.0M | $-38.2M |
| Free Cash FlowOCF − Capex | $-19.0M | $-38.3M |
| FCF MarginFCF / Revenue | -18.6% | -39.3% |
| Capex IntensityCapex / Revenue | 3.0% | 0.1% |
| Cash ConversionOCF / Net Profit | — | -0.03× |
| TTM Free Cash FlowTrailing 4 quarters | $-2.7M | $-93.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.0M | $-38.2M | ||
| Q3 25 | $12.2M | $512.0K | ||
| Q2 25 | $-9.7M | $-28.6M | ||
| Q1 25 | $18.1M | $-25.3M | ||
| Q4 24 | $1.8M | $47.8M | ||
| Q3 24 | $-7.3M | $-19.2M | ||
| Q2 24 | $9.9M | $-13.8M | ||
| Q1 24 | $-8.1M | $39.2M |
| Q4 25 | $-19.0M | $-38.3M | ||
| Q3 25 | $10.3M | $502.0K | ||
| Q2 25 | $-11.0M | $-28.8M | ||
| Q1 25 | $17.1M | $-27.1M | ||
| Q4 24 | $927.0K | $44.3M | ||
| Q3 24 | $-8.4M | $-19.6M | ||
| Q2 24 | $9.4M | $-14.1M | ||
| Q1 24 | $-8.9M | $39.1M |
| Q4 25 | -18.6% | -39.3% | ||
| Q3 25 | 10.9% | 0.5% | ||
| Q2 25 | -8.6% | -25.2% | ||
| Q1 25 | 15.1% | -20.3% | ||
| Q4 24 | 0.8% | 26.8% | ||
| Q3 24 | -8.3% | -12.8% | ||
| Q2 24 | 7.0% | -8.3% | ||
| Q1 24 | -8.8% | 24.4% |
| Q4 25 | 3.0% | 0.1% | ||
| Q3 25 | 2.0% | 0.0% | ||
| Q2 25 | 1.0% | 0.2% | ||
| Q1 25 | 0.8% | 1.4% | ||
| Q4 24 | 0.8% | 2.1% | ||
| Q3 24 | 1.1% | 0.3% | ||
| Q2 24 | 0.3% | 0.2% | ||
| Q1 24 | 0.8% | 0.1% |
| Q4 25 | — | -0.03× | ||
| Q3 25 | — | — | ||
| Q2 25 | -8.64× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.71× | — | ||
| Q3 24 | — | -1.81× | ||
| Q2 24 | 2.92× | — | ||
| Q1 24 | — | 3.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARAY
| Services | $57.2M | 56% |
| Products | $45.0M | 44% |
SEAT
| Concerts | $34.3M | 35% |
| Resale | $29.3M | 30% |
| Theater | $24.4M | 25% |
| Private Label | $7.2M | 7% |
| Other | $2.2M | 2% |
