VEECO INSTRUMENTS INC
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $664.3M | $717.3M | $666.4M | $646.1M | $583.3M |
| Cost of revenue | $398.9M | $413.3M | $381.4M | $383.0M | $341.0M |
| Gross profit | $265.4M | $304.0M | $285.1M | $263.1M | $242.3M |
| Selling, general & administrative | $98.9M | $99.7M | $92.8M | $89.0M | $84.5M |
| Research and development | $119.6M | $124.5M | $112.9M | $103.6M | $88.7M |
| Operating expenses | $229.7M | $237.0M | $215.1M | $202.9M | $185.6M |
| Operating income | $35.7M | $67.0M | $69.9M | $60.3M | $56.7M |
| Interest expense | $9.1M | $11.0M | $11.8M | $11.5M | $28.4M |
| Pretax income | $39.4M | $68.8M | -$28.3M | $51.0M | $25.7M |
| Income tax expense | $4.0M | -$4.9M | $2.0M | -$116.0M | -$358,000 |
| Net income | $35.4M | $73.7M | -$30.4M | $166.9M | $26.0M |
| Balance Sheet | |||||
| Cash and equivalents | $163.5M | $145.6M | $158.8M | $154.9M | $119.7M |
| Current assets | $845.3M | $764.5M | $706.3M | $668.9M | $549.4M |
| Total assets | $1.3B | $1.3B | $1.2B | $1.1B | $899.0M |
| Current liabilities | $178.1M | $192.3M | $218.0M | $257.9M | $189.2M |
| Total liabilities | $440.3M | $480.8M | $556.6M | $550.4M | $461.3M |
| Stockholders' equity | $885.5M | $770.8M | $672.4M | $577.8M | $437.6M |
| Cash Flow Statement | |||||
| Cash from operations | $69.5M | $63.8M | $61.7M | $108.5M | $67.7M |
| Depreciation and amortization | $20.0M | $25.1M | $25.0M | $25.6M | $26.1M |
| Stock-based compensation | $37.0M | $35.9M | $28.6M | $23.0M | $15.2M |
| Capital expenditure | $16.2M | $18.1M | $27.9M | $24.6M | $40.6M |
| Free cash flow | $53.3M | $45.7M | $33.7M | $83.9M | $27.1M |
| Impairments | — | $28.1M | — | — | — |
Shares outstanding 61.0M · Free float 94.8%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.