Veeco Instruments Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	681.41	717.3	666.44	646.14	583.28	454.16
Revenue Growth (YoY)	-3.90%	7.63%	3.14%	10.78%	28.43%	8.30%
Cost of Revenue	402.53	413.3	381.38	382.99	341	259.86
Gross Profit	278.88	304.01	285.06	263.15	242.27	194.3
Selling, General & Admin	98.7	99.66	92.76	88.95	84.54	76.25
Research & Development	120.02	124.51	112.85	103.57	88.68	78.99
Amortization of Goodwill & Intangibles	3.99	6.98	8.48	10.02	12.28	15.33
Other Operating Expenses	5.7	-1.06	1.03	0.32	0.07	-0.22
Operating Expenses	228.4	230.09	215.12	202.85	185.56	170.36
Operating Income	50.48	73.91	69.94	60.3	56.71	23.94
Interest Expense	-9.74	-11.05	-11.77	-11.51	-28.36	-24.74
Interest & Investment Income	13.28	12.9	10.58	2.2	2.34	1.55
Other Non Operating Income (Expenses)	-	-	-	-	-0	-
EBT Excluding Unusual Items	54.02	75.77	68.75	50.99	30.69	0.76
Merger & Restructuring Charges	-2.6	-	-	-	-	-1.1
Gain (Loss) on Sale of Investments	-	-	-	-	-0.98	-
Asset Writedown	-28.13	-28.13	-	-	-	-0.28
Other Unusual Items	20.55	21.2	-97.09	-	-4.03	-7.84
Pretax Income	43.84	68.83	-28.34	50.99	25.68	-8.46
Income Tax Expense	-5.41	-4.88	2.03	-115.96	-0.36	-0.07
Net Income	49.24	73.71	-30.37	166.94	26.04	-8.39
Net Income to Common	49.24	73.71	-30.37	166.94	26.04	-8.39
Net Income Growth	-38.74%	-	-	541.15%	-	-
Shares Outstanding (Basic)	58	56	54	50	49	48
Shares Outstanding (Diluted)	60	62	54	66	54	48
Shares Change (YoY)	-0.44%	14.56%	-18.04%	22.30%	10.92%	1.85%
EPS (Basic)	0.84	1.31	-0.56	3.35	0.53	-0.17
EPS (Diluted)	0.83	1.23	-0.56	2.71	0.49	-0.17
EPS Growth	-38.67%	-	-	453.00%	-	-
Free Cash Flow	54.85	45.7	33.74	83.88	27.1	36.22
Free Cash Flow Per Share	0.91	0.74	0.63	1.28	0.51	0.75
Gross Margin	40.93%	42.38%	42.77%	40.73%	41.54%	42.78%
Operating Margin	7.41%	10.30%	10.50%	9.33%	9.72%	5.27%
Profit Margin	7.23%	10.28%	-4.56%	25.84%	4.46%	-1.85%
Free Cash Flow Margin	8.05%	6.37%	5.06%	12.98%	4.65%	7.98%
EBITDA	71.5	99.06	94.91	85.94	82.77	54.64
EBITDA Margin	10.49%	13.81%	14.24%	13.30%	14.19%	12.03%
D&A For EBITDA	21.02	25.14	24.97	25.65	26.06	30.7
EBIT	50.48	73.91	69.94	60.3	56.71	23.94
EBIT Margin	7.41%	10.30%	10.50%	9.33%	9.72%	5.27%
Advertising Expenses	-	0.4	0.4	0.3	0.3	0.4

Source: S&P Global Market Intelligence. Standard template. Financial Sources.