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
Research & Development	119.64	124.51	112.85	103.57	88.68
Amortization of Goodwill & Intangibles	3.14	6.98	8.48	10.02	12.28
Other Operating Expenses	-1.81	-43.5	1.03	0.32	0.07
Operating Expenses	219.87	187.65	215.12	202.85	185.56
Operating Income	45.54	116.35	69.94	60.3	56.71
Interest Expense	-9.14	-11.05	-11.77	-11.51	-28.36
Interest & Investment Income	13.47	12.9	10.58	2.2	2.34
Other Non Operating Income (Expenses)	-	-	-	-	-0
EBT Excluding Unusual Items	49.87	118.21	68.75	50.99	30.69
Merger & Restructuring Charges	-8.91	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-0.98
Asset Writedown	-	-28.13	-	-	-
Other Unusual Items	-1.58	-21.24	-97.09	-	-4.03
Pretax Income	39.39	68.83	-28.34	50.99	25.68
Income Tax Expense	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	-52.01%	-	-	453.00%	-
Free Cash Flow	53.29	45.7	33.74	83.88	27.1
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	6.86%	16.22%	10.50%	9.33%	9.72%
Profit Margin	5.33%	10.28%	-4.56%	25.84%	4.46%
Free Cash Flow Margin	8.02%	6.37%	5.06%	12.98%	4.65%
EBITDA	65.56	141.5	94.91	85.94	82.77
EBITDA Margin	9.87%	19.73%	14.24%	13.30%	14.19%
D&A For EBITDA	20.02	25.14	24.97	25.65	26.06
EBIT	45.54	116.35	69.94	60.3	56.71
EBIT Margin	6.86%	16.22%	10.50%	9.33%	9.72%
Effective Tax Rate	10.15%	-	-	-	-
Advertising Expenses	0.4	0.4	0.4	0.3	0.3

Updated Feb 25, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q