Veeco Instruments Inc. (VECO)

Nasdaq Information Technology Semiconductor Materials & Equipment S&P SmallCap 600

$37.19

+3.94 (+11.85%)

Close of Nov 06, 2026 · end-of-day data

Source: Veeco Instruments Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$332.45M	$484.76M	$542.08M	$419.35M	$454.16M	$583.28M	$646.14M	$666.43M	$717.30M	$664.29M
Cost of revenue	$198.60M	$299.46M	$348.36M	$261.15M	$259.86M	$341.00M	$382.99M	$381.38M	$413.30M	$398.88M
Gross profit	$133.10M	$176.23M	$193.72M	$158.19M	$194.30M	$242.27M	$263.15M	$285.06M	$304.00M	$265.41M
Research & development	$81.02M	$81.99M	$97.75M	$90.56M	$78.99M	$88.68M	$103.56M	$112.85M	$124.51M	$119.64M
Selling, general & admin	$77.64M	$100.25M	$92.06M	$79.75M	$76.25M	$84.54M	$88.95M	$92.76M	$99.66M	$98.91M
Operating income	-$120.16M	-$71.87M	-$415.50M	-$39.58M	$22.57M	$56.71M	$60.30M	$69.94M	$66.98M	$35.71M
Interest expense	$222.00K	$19.46M	$21.52M	$22.09M	$24.74M	$28.36M	$11.51M	$11.77M	$11.04M	$9.14M
Pre-tax income	-$119.20M	-$88.99M	-$433.83M	-$77.96M	-$8.46M	$25.68M	$50.98M	-$28.34M	$68.83M	$39.39M
Income tax	$2.82M	-$37.59M	-$26.75M	$777.00K	-$73.00K	-$358.00K	-$115.96M	$2.03M	-$4.88M	$4.00M
Net income	-$122.03M	-$51.40M	-$407.09M	-$78.73M	-$8.39M	$26.04M	$166.94M	-$30.37M	$73.71M	$35.39M
EBITDA	-$87.51M	-$21.77M	-$365.50M	-$5.18M	$53.26M	$82.77M	$85.94M	$94.91M	$92.12M	$55.73M
EPS (basic)	$-3.10	$-1.16	$-8.63	$-1.66	$-0.17	$0.53	$3.35	$-0.56	$1.31	$0.60
EPS (diluted)	$-3.10	$-1.16	$-8.63	$-1.66	$-0.17	$0.49	$2.71	$-0.56	$1.23	$0.59
Diluted shares	39.34M	44.17M	47.15M	47.48M	48.36M	53.64M	65.61M	53.77M	61.60M	60.59M
Gross margin	40.0%	36.4%	35.7%	37.7%	42.8%	41.5%	40.7%	42.8%	42.4%	40.0%
Operating margin	-36.1%	-14.8%	-76.6%	-9.4%	5.0%	9.7%	9.3%	10.5%	9.3%	5.4%
Net margin	-36.7%	-10.6%	-75.1%	-18.8%	-1.8%	4.5%	25.8%	-4.6%	10.3%	5.3%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$277.44M	$279.74M	$212.27M	$129.29M	$129.62M	$119.75M	$154.93M	$158.78M	$145.59M	$163.47M
Short-term investments	$66.79M	$47.78M	$48.19M	$115.25M	$189.77M	$104.18M	$147.49M	$146.66M	$198.72M	$226.76M
Receivables	$58.02M	$98.87M	$66.81M	$45.67M	$79.99M	$109.61M	$124.22M	$103.02M	$96.83M	$110.69M
Inventory	$77.06M	$120.27M	$156.31M	$133.07M	$145.91M	$170.86M	$206.91M	$237.63M	$246.74M	$275.30M
Total current assets	$501.51M	$597.09M	$520.08M	$475.88M	$586.93M	$549.39M	$668.90M	$706.28M	$764.53M	$845.34M
Goodwill	$114.91M	$307.13M	$184.30M	$181.94M	$181.94M	$181.94M	$181.94M	$214.96M	$214.96M	$214.96M
Total assets	$758.53M	$1.39B	$900.82M	$818.09M	$898.06M	$898.98M	$1.13B	$1.23B	$1.25B	$1.33B
Total current liabilities	$143.51M	$224.26M	$160.05M	$118.22M	$146.68M	$189.20M	$257.90M	$218.03M	$192.28M	$178.06M
Short-term debt	$368.00K	—	—	—	—	—	$20.17M	—	$26.50M	—
Long-term debt	$826.00K	$275.63M	$287.39M	$300.07M	$321.12M	$229.44M	$254.49M	$274.94M	$249.70M	$226.01M
Total debt	$1.19M	$275.63M	$287.39M	$300.07M	$321.12M	$229.44M	$274.66M	$274.94M	$276.20M	$226.01M
Total liabilities	$163.94M	$547.38M	$463.04M	$443.58M	$489.69M	$461.35M	$550.36M	$556.60M	$480.81M	$440.29M
Shareholders' equity	$601.70M	$840.09M	$437.77M	$374.51M	$408.37M	$437.63M	$577.82M	$672.44M	$770.77M	$885.51M

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	-$23.84M	$34.99M	-$37.74M	-$7.42M	$43.02M	$67.74M	$108.48M	$61.67M	$63.81M	$69.49M
Capital expenditures	$11.48M	$24.27M	$12.65M	$10.87M	$6.80M	$40.64M	$24.60M	$27.93M	$18.11M	$16.20M
Free cash flow	-$35.32M	$10.72M	-$50.39M	-$18.29M	$36.22M	$27.10M	$83.88M	$33.74M	$45.70M	$53.29M
Investing cash flow	$46.71M	-$357.84M	-$18.30M	-$75.87M	-$71.79M	$44.53M	-$68.88M	-$53.33M	-$64.55M	-$41.48M
Financing cash flow	-$14.63M	$325.94M	-$11.46M	$126.00K	$29.10M	-$122.03M	-$4.55M	-$4.68M	-$12.58M	-$10.47M
Share buybacks	$13.35M	$2.87M	$11.46M	—	—	—	—	—	—	—
Stock-based compensation	$15.74M	$24.40M	$16.07M	$15.27M	$12.70M	$15.25M	$22.99M	$28.56M	$35.88M	$37.05M
Depreciation & amortization	$32.65M	$50.09M	$50.00M	$34.40M	$30.70M	$26.06M	$25.64M	$24.97M	$25.14M	$20.02M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$173.92M	$174.48M	$175.88M	$184.81M	$182.13M	$167.29M	$166.10M	$165.88M	$165.02M	$158.34M	$193.48M	$209.38M
Cost of revenue	$95.27M	$99.06M	$100.49M	$105.60M	$108.15M	$98.83M	$97.38M	$98.18M	$104.50M	$102.51M	$118.65M	$129.00M
Gross profit	$78.66M	$75.42M	$75.39M	$79.21M	$73.98M	$68.47M	$68.73M	$67.70M	$60.51M	$55.83M	$74.83M	$80.39M
Research & development	$29.09M	$29.64M	$31.70M	$32.22M	$30.95M	$28.51M	$31.56M	$28.99M	$30.58M	$29.88M	$33.34M	$35.06M
Selling, general & admin	$23.49M	$24.70M	$24.59M	$25.29M	$25.08M	$25.03M	$23.93M	$24.65M	$25.30M	$26.02M	$27.63M	$28.53M
Operating income	$24.18M	$22.05M	$16.72M	$24.34M	$3.88M	$14.15M	$12.37M	$10.55M	-$1.36M	-$2.66M	$11.85M	$14.10M
Interest expense	$3.06M	$2.62M	$2.77M	$2.88M	$2.78M	$2.51M	$2.29M	$2.16M	$2.18M	$2.10M	$2.16M	$2.16M
Pre-tax income	$24.18M	$22.75M	$17.07M	$24.66M	$4.36M	$14.98M	$12.62M	$11.88M	-$94.00K	-$1.48M	$13.02M	$15.88M
Income tax	$2.55M	$896.00K	$2.13M	$2.71M	-$10.61M	$3.04M	$889.00K	$1.28M	-$1.21M	-$1.16M	$1.17M	$2.25M
Net income	$21.64M	$21.85M	$14.94M	$21.95M	$14.96M	$11.95M	$11.73M	$10.60M	$1.11M	-$324.00K	$11.86M	$13.63M
EBITDA	$30.53M	$28.45M	$23.32M	$30.49M	$9.86M	$19.18M	$17.47M	$15.46M	$3.62M	$2.38M	$16.76M	$19.01M
EPS (basic)	$0.42	$0.39	$0.27	$0.39	$0.27	$0.21	$0.20	$0.18	$0.02	$-0.01	$0.19	$0.22
EPS (diluted)	$0.42	$0.37	$0.25	$0.36	$0.26	$0.20	$0.20	$0.17	$0.02	$-0.01	$0.18	$0.21
Diluted shares	791.00K	60.76M	62.53M	62.65M	-507.00K	60.23M	60.24M	60.95M	158.00K	60.41M	66.78M	66.15M
Gross margin	45.2%	43.2%	42.9%	42.9%	40.6%	40.9%	41.4%	40.8%	36.7%	35.3%	38.7%	38.4%
Operating margin	13.9%	12.6%	9.5%	13.2%	2.1%	8.5%	7.4%	6.4%	-0.8%	-1.7%	6.1%	6.7%
Net margin	12.4%	12.5%	8.5%	11.9%	8.2%	7.1%	7.1%	6.4%	0.7%	-0.2%	6.1%	6.5%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$158.78M	$174.00M	$174.16M	$163.23M	$145.59M	$174.90M	$188.90M	$193.19M	$163.47M	$179.53M	$214.46M	$205.32M
Short-term investments	$146.66M	$122.89M	$130.70M	$157.53M	$198.72M	$178.40M	$165.89M	$176.13M	$226.76M	$203.80M	$214.94M	$277.18M
Receivables	$103.02M	$106.53M	$92.40M	$132.35M	$96.83M	$114.37M	$106.52M	$116.47M	$110.69M	$150.52M	$148.37M	$154.06M
Inventory	$237.63M	$243.27M	$245.11M	$242.12M	$246.74M	$254.05M	$258.98M	$263.31M	$275.30M	$282.23M	$292.50M	$308.26M
Total current assets	$706.28M	$715.89M	$718.20M	$760.98M	$764.53M	$794.80M	$791.89M	$810.33M	$845.34M	$873.42M	$930.27M	$1.02B
Goodwill	$214.96M	$214.96M	$214.96M	$214.96M	$214.96M	$214.96M	$214.96M	$214.96M	$214.96M	$214.96M	$214.96M	$214.96M
Total assets	$1.23B	$1.23B	$1.24B	$1.27B	$1.25B	$1.28B	$1.27B	$1.29B	$1.33B	$1.35B	$1.41B	$1.51B
Total current liabilities	$218.03M	$234.36M	$203.97M	$215.17M	$192.28M	$178.86M	$155.24M	$151.19M	$178.06M	$206.69M	$236.97M	$262.49M
Short-term debt	—	$26.43M	$26.45M	$26.47M	$26.50M	—	—	—	—	—	—	—
Long-term debt	$274.94M	$248.81M	$249.10M	$249.40M	$249.70M	$249.96M	$225.44M	$225.72M	$226.01M	$226.25M	$226.54M	$226.84M
Total debt	$274.94M	$275.24M	$275.55M	$275.88M	$276.20M	$249.96M	$225.44M	$225.72M	$226.01M	$226.25M	$226.54M	$226.84M
Total liabilities	$556.60M	$545.78M	$520.10M	$526.35M	$480.81M	$466.97M	$418.51M	$413.94M	$440.29M	$469.31M	$511.68M	$581.74M
Shareholders' equity	$672.44M	$687.91M	$715.01M	$746.52M	$770.77M	$811.86M	$856.20M	$875.97M	$885.51M	$883.66M	$902.78M	$923.92M

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$29.48M	$9.36M	$8.46M	$17.61M	$28.39M	$19.99M	$9.04M	$15.53M	$24.93M	$7.93M	$51.43M	$57.92M
Capital expenditures	$10.70M	$5.99M	$2.95M	$3.99M	$5.18M	$6.75M	$3.60M	$2.58M	$3.27M	$5.10M	$3.71M	$4.33M
Free cash flow	$18.79M	$3.37M	$5.50M	$13.62M	$23.21M	$13.24M	$5.45M	$12.96M	$21.65M	$2.83M	$47.72M	$53.59M
Investing cash flow	-$26.15M	$20.73M	-$9.94M	-$29.61M	-$45.72M	$14.52M	$9.54M	-$12.13M	-$53.41M	$17.69M	-$14.63M	-$66.86M
Financing cash flow	-$1.05M	-$14.84M	$1.62M	$895.00K	-$254.00K	-$5.28M	-$4.71M	$820.00K	-$1.31M	-$9.56M	-$1.85M	-$200.00K
Stock-based compensation	$6.18M	$8.08M	$9.23M	$9.46M	$9.11M	$9.21M	$9.65M	$9.14M	$9.04M	$8.51M	$9.21M	$8.41M
Depreciation & amortization	$6.35M	$6.41M	$6.60M	$6.15M	$5.98M	$5.04M	$5.10M	$4.90M	$4.98M	$5.04M	$4.90M	$4.91M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.