Veeco Instruments Inc (VECO) Financial Statements
Industry: Special Industry Machinery (Other)
In fiscal 2025, Veeco Instruments reported revenue of $664.3M, down 7.4% from $717.3M the year before. Net income was $35.4M (a 5.3% net margin), or $0.59 per diluted share. Gross margin was 40.0% and operating margin was 5.4%. Operating activities generated $69.5M of cash, leaving $53.3M of free cash flow. At fiscal year end, Veeco Instruments held $1.33B in total assets against $440.3M in total liabilities, including $163.5M of cash and equivalents.
Open the full interactive Veeco Instruments financials → Quarterly statements, key ratios, valuation history and price charts.
Veeco Instruments Key Stats
| Share Price | $48.82 |
|---|---|
| Market Cap | $3.26B |
| P/E Ratio | 82.7 |
| Revenue YoY Growth | -7.4% |
| 52-Week Range | $26.39 – $83.04 |
| Shares Outstanding | 61.1 million (basic, 2026 Q2) |
Veeco Instruments Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $454.2M | $583.3M | $646.1M | $666.4M | $717.3M | $664.3M |
| Cost of Goods Sold | $259.9M | $341.0M | $383.0M | $381.4M | $413.3M | $398.9M |
| Gross Profit | $194.3M | $242.3M | $263.1M | $285.1M | $304.0M | $265.4M |
| Operating Income | $22.6M | $56.7M | $60.3M | $69.9M | $67.0M | $35.7M |
| Pre-Tax Income | -$8.5M | $25.7M | $51.0M | -$28.3M | $68.8M | $39.4M |
| Income Tax | -$73,000 | -$358,000 | -$116.0M | $2.0M | -$4.9M | $4.0M |
| Net Income | -$8.4M | $26.0M | $166.9M | -$30.4M | $73.7M | $35.4M |
| Diluted EPS | -$0.17 | $0.49 | $2.71 | -$0.56 | $1.23 | $0.59 |
Veeco Instruments Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $165.9M | $165.0M | $158.3M | $193.5M |
| Net Income | $10.6M | $1.1M | -$324,000 | $11.9M |
| Diluted EPS | $0.17 | $0.02 | -$0.01 | $0.18 |
Veeco Instruments Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $129.6M | $119.7M | $154.9M | $158.8M | $145.6M | $163.5M |
| Current Assets | $586.9M | $549.4M | $668.9M | $706.3M | $764.5M | $845.3M |
| Total Assets | $898.1M | $899.0M | $1.13B | $1.23B | $1.25B | $1.33B |
| Current Liabilities | $146.7M | $189.2M | $257.9M | $218.0M | $192.3M | $178.1M |
| Total Long-Term Debt | $321.1M | $229.4M | $274.7M | $274.9M | $276.2M | $226.0M |
| Total Liabilities | $489.7M | $461.3M | $550.4M | $556.6M | $480.8M | $440.3M |
| Shareholders' Equity | $408.4M | $437.6M | $577.8M | $672.4M | $770.8M | $885.5M |
Veeco Instruments Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $43.0M | $67.7M | $108.5M | $61.7M | $63.8M | $69.5M |
| Cash From Investing | -$71.8M | $44.5M | -$68.9M | -$53.3M | -$64.5M | -$41.5M |
| Cash From Financing | $29.1M | -$122.0M | -$4.5M | -$4.7M | -$12.6M | -$10.5M |
| Free Cash Flow | $36.2M | $27.1M | $83.9M | $33.7M | $45.7M | $53.3M |
Figures from Veeco Instruments' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Veeco Instruments financials page for every line item.
Veeco Instruments Company Profile
| Ticker | VECO |
|---|---|
| Exchange | Nasdaq |
| Industry | Special Industry Machinery (Other) |
| Headquarters | Plainview, New York |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000103145 |
Frequently Asked Questions
What was Veeco Instruments' revenue in fiscal 2025?
Veeco Instruments (VECO) reported revenue of $664.3M for fiscal 2025.
What is Veeco Instruments' annual revenue history?
Veeco Instruments' annual revenue by fiscal year: 2020: $454.2M; 2021: $583.3M; 2022: $646.1M; 2023: $666.4M; 2024: $717.3M; 2025: $664.3M.
What was Veeco Instruments' net income in fiscal 2025?
Veeco Instruments reported net income of $35.4M for fiscal 2025.
What was Veeco Instruments' earnings per share (EPS) in fiscal 2025?
Veeco Instruments' diluted EPS was $0.59 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Veeco Instruments generate in fiscal 2025?
Veeco Instruments generated $53.3M of free cash flow in fiscal 2025.
What was Veeco Instruments' revenue last quarter?
In its most recent reported quarter (2026 Q2), Veeco Instruments reported revenue of $193.5M.
How much debt does Veeco Instruments have?
Veeco Instruments reported $226.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Veeco Instruments are outstanding?
Veeco Instruments reported a weighted average of 61.1 million basic shares outstanding in 2026 Q2.
What is Veeco Instruments' market cap?
Based on its latest closing price, Veeco Instruments (VECO) has a market capitalization of about $3.26B.
When does Veeco Instruments' fiscal year end?
Veeco Instruments' fiscal year end, as registered with the SEC, is December 31.
Where is Veeco Instruments headquartered?
Veeco Instruments lists its business address in Plainview, New York in its SEC filings.