Veeco Instruments Inc. (VECO)

Veeco Instruments Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	700.33	717.3	666.44	646.14	583.28	454.16
Revenue Growth (YoY)	-0.19%	7.63%	3.14%	10.78%	28.43%	8.30%
Cost of Revenue	409.94	413.3	381.38	382.99	341	259.86
Gross Profit	290.39	304.01	285.06	263.15	242.27	194.3
Selling, General & Admin	99.32	99.66	92.76	88.95	84.54	76.25
Research & Development	123.24	124.51	112.85	103.57	88.68	78.99
Amortization of Goodwill & Intangibles	4.91	6.98	8.48	10.02	12.28	15.33
Other Operating Expenses	1.25	-1.06	1.03	0.32	0.07	-0.22
Operating Expenses	228.73	230.09	215.12	202.85	185.56	170.36
Operating Income	61.66	73.91	69.94	60.3	56.71	23.94
Interest Expense	-10.46	-11.05	-11.77	-11.51	-28.36	-24.74
Interest & Investment Income	13	12.9	10.58	2.2	2.34	1.55
Other Non Operating Income (Expenses)	-0.65	-	-	-	-0	-
EBT Excluding Unusual Items	63.55	75.77	68.75	50.99	30.69	0.76
Merger & Restructuring Charges	-	-	-	-	-	-1.1
Gain (Loss) on Sale of Investments	-	-	-	-	-0.98	-
Asset Writedown	-28.13	-28.13	-	-	-	-0.28
Other Unusual Items	21.2	21.2	-97.09	-	-4.03	-7.84
Pretax Income	56.62	68.83	-28.34	50.99	25.68	-8.46
Income Tax Expense	-3.98	-4.88	2.03	-115.96	-0.36	-0.07
Net Income	60.6	73.71	-30.37	166.94	26.04	-8.39
Net Income to Common	60.6	73.71	-30.37	166.94	26.04	-8.39
Net Income Growth	-27.00%	-	-	541.15%	-	-
Shares Outstanding (Basic)	58	56	54	50	49	48
Shares Outstanding (Diluted)	61	62	54	66	54	48
Shares Change (YoY)	3.42%	14.56%	-18.04%	22.30%	10.92%	1.85%
EPS (Basic)	1.05	1.31	-0.56	3.35	0.53	-0.17
EPS (Diluted)	1.02	1.23	-0.56	2.71	0.49	-0.17
EPS Growth	-28.91%	-	-	453.00%	-	-
Free Cash Flow	55.51	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	41.47%	42.38%	42.77%	40.73%	41.54%	42.78%
Operating Margin	8.80%	10.30%	10.50%	9.33%	9.72%	5.27%
Profit Margin	8.65%	10.28%	-4.56%	25.84%	4.46%	-1.85%
Free Cash Flow Margin	7.93%	6.37%	5.06%	12.98%	4.65%	7.98%
EBITDA	83.93	99.06	94.91	85.94	82.77	54.64
EBITDA Margin	11.98%	13.81%	14.24%	13.30%	14.19%	12.03%
D&A For EBITDA	22.27	25.14	24.97	25.65	26.06	30.7
EBIT	61.66	73.91	69.94	60.3	56.71	23.94
EBIT Margin	8.80%	10.30%	10.50%	9.33%	9.72%	5.27%
Advertising Expenses	-	0.4	0.4	0.3	0.3	0.4

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q