Veeco Instruments Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	664.29	717.3	666.44	646.14	583.28
Revenue Growth (YoY)	-7.39%	7.63%	3.14%	10.78%	28.43%
Cost of Revenue	398.89	413.3	381.38	382.99	341
Gross Profit	265.41	304.01	285.06	263.15	242.27
Selling, General & Admin	98.91	99.66	92.76	88.95	84.54
Depreciation & Amortization Expenses	3.14	6.98	8.48	10.02	12.28
Research & Development	119.64	124.51	112.85	103.57	88.68
Other Operating Expenses	8.02	5.87	1.03	0.32	0.07
Total Operating Expenses	229.7	237.02	215.12	202.85	185.56
Operating Income	35.71	66.98	69.94	60.3	56.71
Interest Income	13.47	12.9	10.58	2.2	2.34
Interest Expense	-9.14	-11.05	-11.77	-11.51	-28.36
Other Non-Operating Income (Expense)	-0.65	-	-97.09	-	-5.01
Total Non-Operating Income (Expense)	3.68	1.85	-98.28	-9.31	-31.03
Pretax Income	39.39	68.83	-28.34	50.99	25.68
Provision for Income Taxes	4	-4.88	2.03	-115.96	-0.36
Net Income	35.39	73.71	-30.37	166.94	26.04
Net Income to Common	35.39	73.71	-30.37	166.94	26.04
Net Income Growth	-51.99%	-	-	541.15%	-
Shares Outstanding (Basic)	59	56	54	50	49
Shares Outstanding (Diluted)	61	62	54	66	54
Shares Change (YoY)	-1.63%	14.56%	-18.04%	22.30%	10.92%
EPS (Basic)	0.60	1.31	-0.56	3.35	0.53
EPS (Diluted)	0.59	1.23	-0.56	2.71	0.49
EPS Growth	-52.03%	-	-	453.06%	-
Free Cash Flow	53.29	45.7	33.74	83.88	27.1
Free Cash Flow Growth	16.61%	35.44%	-59.77%	209.53%	-25.18%
Free Cash Flow Per Share	0.88	0.74	0.63	1.28	0.51
Gross Margin	39.95%	42.38%	42.77%	40.73%	41.54%
Operating Margin	5.38%	9.34%	10.49%	9.33%	9.72%
Profit Margin	5.33%	10.28%	-4.56%	25.84%	4.46%
FCF Margin	8.02%	6.37%	5.06%	12.98%	4.65%
EBITDA	55.73	92.12	94.91	85.94	82.77
EBITDA Margin	8.39%	12.84%	14.24%	13.30%	14.19%
EBIT	35.71	66.98	69.94	60.3	56.71
EBIT Margin	5.38%	9.34%	10.49%	9.33%	9.72%
Effective Tax Rate	10.15%	-7.09%	-7.16%	-227.43%	-1.39%

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q