Accuray ( (ARAY) ) has released a notification of late filing.
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Accuray Incorporated has filed a Form 12b-25, notifying investors of a delayed Form 10-Q (Quarter Report) for the quarter ended December 31, 2025. The company says the late filing stems from recently discovered errors in its remaining performance obligations disclosure, a non-cash metric in Note 2 of prior Form 10-K (Yearly Report) and Form 10-Q (Quarter Report) filings.
These errors relate only to disclosure of remaining performance obligations and are not expected to affect the Balance Sheets, Statements of Operations and Comprehensive Income (Loss), Statements of Cash Flows, or other financial metrics. Nevertheless, Accuray must amend the affected Form 10-K (Yearly Report) and Form 10-Q (Quarter Report) filings before it can finalize the latest quarterly report.
Management explains that preparing amended Form 10‑K/A (Yearly Report) and Form 10-Q/A (Quarter Report) has required additional time and coordination with its external auditors. Because the new Form 10-Q (Quarter Report) must incorporate revised figures from these amendments, the quarterly filing cannot be completed within the original deadline.
Accuray expects to submit the December 31, 2025 Form 10-Q (Quarter Report) within the five-calendar-day extension window allowed under SEC Rule 12b-25. The company also confirms that all other required periodic reports over the past 12 months have been filed on time, signaling this delay is a specific, one-off issue rather than an ongoing compliance pattern.
The company does not anticipate any significant change in its results of operations compared with the same quarter a year earlier. Investors should note that management’s statements about filing timing and the impact of the amendments are forward-looking and subject to risks, including potential delays and broader market or relationship impacts.
Accuray says it is working diligently with its auditors to complete the amended annual and quarterly reports and bring its disclosure fully up to date. The notification is signed by Senior Vice President and Chief Financial Officer Ali Pervaiz on February 9, 2026, underscoring executive-level oversight of the company’s reporting and compliance efforts.
The most recent analyst rating on (ARAY) stock is a Hold with a $0.60 price target. To see the full list of analyst forecasts on Accuray stock, see the ARAY Stock Forecast page.
Spark’s Take on ARAY Stock
According to Spark, TipRanks’ AI Analyst, ARAY is a Underperform.
The score is driven down primarily by weak financial performance (losses, declining revenue, and high leverage with a thin equity cushion) and strongly bearish technicals (below all major moving averages with negative momentum). Valuation offers limited support due to negative earnings and no dividend, while the latest earnings call adds further pressure via lowered guidance and margin/cash deterioration despite some demand and restructuring positives.
To see Spark’s full report on ARAY stock, click here.
More about Accuray
Average Trading Volume: 1,046,805
Technical Sentiment Signal: Sell
Current Market Cap: $70.27M
For an in-depth examination of ARAY stock, go to TipRanks’ Overview page.