Veeco Instruments Financial Statements
NASDAQ: VECOTechnologyIndustrial Machinery/ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Veeco Instruments revenue and earnings
In fiscal 2025, Veeco Instruments generated $664.3 million in revenue, down 7.4% from fiscal 2024, its first annual decline since 2019. Net income was $35.4 million (-52.0% year over year), for a net margin of 5.3% versus a median of 4.5% in the prior 5 years. Gross margin was 40.0% (down from 42.4%) and operating margin 5.4%.
Diluted earnings per share came in at $0.59, down from $1.23. Over the last 5 fiscal years, VECO's revenue has grown at a 7.9% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Veeco Instruments income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 664.29M | 717.30M | 666.43M | 646.14M | 583.28M | 454.16M | 419.35M | 542.08M | 475.69M | 331.70M |
| Revenue growth (YoY) | -7.39% | +7.63% | +3.14% | +10.78% | +28.43% | +8.30% | -22.64% | +13.96% | +43.41% | -30.47% |
| Cost of Revenue | 398.88M | 413.30M | 381.38M | 382.99M | 341.00M | 259.86M | 261.15M | 348.36M | 299.46M | 198.60M |
| Gross Profit | 265.41M | 304.00M | 285.06M | 263.15M | 242.27M | 194.30M | 158.19M | 193.72M | 176.23M | 133.10M |
| Operating Expenses | 229.70M | 237.02M | 215.12M | 202.85M | 185.56M | 171.74M | 197.77M | 609.22M | 248.10M | 253.26M |
| Research & Development | 119.64M | 124.51M | 112.85M | 103.56M | 88.68M | 78.99M | 90.56M | 97.75M | 81.99M | 81.02M |
| Selling, General & Admin | 98.91M | 99.66M | 92.76M | 88.95M | 84.54M | 76.25M | 79.75M | 92.06M | 100.25M | 77.64M |
| Operating Income | 35.71M | 66.98M | 69.94M | 60.30M | 56.71M | 22.57M | -39.58M | -415.50M | -71.87M | -120.16M |
| Interest Expense | 9.14M | 11.04M | 11.77M | 11.51M | 28.36M | 24.74M | 22.09M | 21.52M | 19.46M | 222.00K |
| Other Income (Expense) | -653.00K | — | -97.09M | — | -5.01M | -7.84M | -20.97M | — | — | — |
| Pretax Income | 39.39M | 68.83M | -28.34M | 50.98M | 25.68M | -8.46M | -77.96M | -433.83M | -88.99M | -119.20M |
| Income Tax | 4.00M | -4.88M | 2.03M | -115.96M | -358.00K | -73.00K | 777.00K | -26.75M | -37.59M | 2.82M |
| Net Income | 35.39M | 73.71M | -30.37M | 166.94M | 26.04M | -8.39M | -78.73M | -407.09M | -51.40M | -122.03M |
| Net Income growth (YoY) | -51.99% | — | -118.19% | +541.15% | — | — | — | — | — | — |
| EPS (Basic) | 0.60 | 1.31 | -0.56 | 3.35 | 0.53 | -0.17 | -1.66 | -8.63 | -1.16 | -3.10 |
| EPS (Diluted) | 0.59 | 1.23 | -0.56 | 2.71 | 0.49 | -0.17 | -1.66 | -8.63 | -1.16 | -3.10 |
| Shares Outstanding (Basic) | 59.30M | 56.43M | 53.77M | 49.91M | 49.07M | 48.36M | 47.48M | 47.15M | 44.17M | 39.34M |
| Shares Outstanding (Diluted) | 60.59M | 61.60M | 53.77M | 65.61M | 53.64M | 48.36M | 47.48M | 47.15M | 44.17M | 39.34M |
| EBITDA | 55.73M | 92.12M | 94.91M | 85.94M | 82.77M | 53.26M | -5.18M | -365.50M | -21.77M | -87.51M |
| Gross Margin | 39.95% | 42.38% | 42.77% | 40.73% | 41.54% | 42.78% | 37.72% | 35.74% | 37.05% | 40.13% |
| Operating Margin | 5.38% | 9.34% | 10.49% | 9.33% | 9.72% | 4.97% | -9.44% | -76.65% | -15.11% | -36.23% |
| Net Margin | 5.33% | 10.28% | -4.56% | 25.84% | 4.46% | -1.85% | -18.78% | -75.10% | -10.80% | -36.79% |
This table shows 10 annual periods of Veeco Instruments's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow VECO's reporting calendar. What is a income statement?