VECO
$44.57+2.11%
Veeco Instruments Inc.Stock · TechnologyRussell 2000 · 0.1% of IWMUS Stock Market · 0.006% of VTIRussell 3000 · 0.006% of IWVNasdaq Composite · 0.004% of ONEQ
VECO financial statements
The full income statement, balance sheet, and cash-flow statement for Veeco Instruments Inc. (VECO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 56.8M2024-09 56.8M2024-12 57.9M2025-03 58.3M2025-06 60.2M2025-09 60.2M2025-12 60.4M2026-03 61.0M2026-06 61.1M+7.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 664M-7.4% | 717M+7.6% | 666M+3.1% | 646M+10.8% | 583M+28.4% | |
| 265M-12.7% | 304M+6.6% | 285M+8.3% | 263M+8.6% | 242M+24.7% | ||
| Cost of revenue | 399M-3.5% | 413M+8.4% | 381M-0.4% | 383M+12.3% | 341M+31.2% | |
| 230M-3.1% | 237M+10.2% | 215M+6.0% | 203M+9.3% | 186M+8.1% | ||
| Research & development | 120M-3.9% | 125M+10.3% | 113M+9.0% | 104M+16.8% | 88.7M+12.3% | |
| Selling, general & administrative | 98.9M-0.8% | 99.7M+7.4% | 92.8M+4.3% | 89.0M+5.2% | 84.5M+10.9% | |
| Amortization of intangibles | 3.14M-55.1% | 6.98M-17.7% | 8.48M-15.3% | 10.0M-18.4% | 12.3M-19.9% | |
| Provision for credit losses | — | — | 316K | — | — | |
| Operating income | 35.7M-46.7% | 67.0M-4.2% | 69.9M+16.0% | 60.3M+6.3% | 56.7M+151.3% | |
| Interest expense | 9.14M-17.3% | 11.0M-6.2% | 11.8M+2.3% | 11.5M-59.4% | 28.4M+14.6% | |
| Interest & investment income | 13.5M+4.4% | 12.9M+21.9% | 10.6M+381.3% | 2.20M-6.0% | 2.34M+50.9% | |
| Other non-operating income | -653K | — | -97.1M | — | -5.01M+36.1% | |
| Pre-tax income | 39.4M-42.8% | 68.8M+342.9% | -28.3M-155.6% | 51.0M+98.5% | 25.7M+403.4% | |
| Income tax | 4.00M+181.9% | -4.88M-340.4% | 2.03M+101.8% | -116M-32290.2% | -358K-390.4% | |
| 35.4M-52.0% | 73.7M+342.7% | -30.4M-118.2% | 167M+541.1% | 26.0M+410.3% | ||
| Net income to common | 35.4M-52.0% | 73.7M+342.7% | -30.4M-118.2% | 167M+541.1% | 26.0M+410.3% | |
| $0.59-52.0% | $1.23+319.6% | -$0.56-120.7% | $2.71+453.1% | $0.49+388.2% | ||
| EPS (basic) | $0.60-54.2% | $1.31+333.9% | -$0.56-116.7% | $3.35+532.1% | $0.53+411.8% | |
| Weighted-avg shares (basic) | 59.3M+5.1% | 56.4M+4.9% | 53.8M+7.7% | 49.9M+1.7% | 49.1M+1.5% | |
| Weighted-avg shares (diluted) | 60.6M-1.6% | 61.6M+14.6% | 53.8M-18.0% | 65.6M+22.3% | 53.6M+10.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 845M+10.6% | 765M+8.2% | 706M+5.6% | 669M+21.8% | 549M-6.4% | ||
| Cash & equivalents | 163M+12.3% | 146M-8.3% | 159M+2.5% | 155M+29.4% | 120M-7.6% | |
| Accounts receivable | 111M+14.3% | 96.8M-6.0% | 103M-17.1% | 124M+13.3% | 110M+37.0% | |
| Inventory | 275M+11.6% | 247M+3.8% | 238M+14.9% | 207M+21.1% | 171M+17.1% | |
| Prepaid expenses | 34.3M-12.8% | 39.3M+10.8% | 35.5M+93.8% | 18.3M-29.5% | 26.0M+34.6% | |
| 1.33B+5.9% | 1.25B+1.8% | 1.23B+8.9% | 1.13B+25.5% | 899M+0.1% | ||
| Property, plant & equipment | 109M-4.5% | 114M-3.9% | 118M+10.4% | 107M+7.6% | 99.7M+52.8% | |
| Operating lease right-of-use | 24.6M-7.2% | 26.5M+8.7% | 24.4M-7.9% | 26.5M-8.1% | 28.8M+180.4% | |
| Goodwill | 215M+0.0% | 215M+0.0% | 215M+18.1% | 182M+0.0% | 182M+0.0% | |
| Intangible assets | 5.70M-35.5% | 8.83M-79.9% | 43.9M+84.0% | 23.9M-29.5% | 33.9M-26.6% | |
| Deferred tax assets | 123M+2.3% | 120M+1.9% | 118M+1.3% | 116M+6998.8% | 1.64M+13.8% | |
| Other non-current assets | 3.61M+30.6% | 2.77M-11.3% | 3.12M-7.1% | 3.35M-5.4% | 3.55M-41.1% | |
| 178M-7.4% | 192M-11.8% | 218M-15.5% | 258M+36.3% | 189M+29.0% | ||
| Accounts payable | 55.3M+27.2% | 43.5M+2.7% | 42.4M-18.6% | 52.0M+17.1% | 44.5M+32.1% | |
| Deferred revenue | 74.2M+14.1% | 65.0M-44.9% | 118M-7.2% | 127M | — | |
| Short-term & current debt | — | 26.5M | — | 20.2M | — | |
| Current lease liability | 4.16M+10.8% | 3.76M-6.7% | 4.03M+20.8% | 3.33M-24.9% | 4.44M+7.0% | |
| 440M-8.4% | 481M-13.6% | 557M+1.1% | 550M+19.3% | 461M-5.8% | ||
| Long-term debt | 226M-9.5% | 250M-9.2% | 275M+8.0% | 254M+10.9% | 229M-28.5% | |
| Non-current lease liability | 31.8M-7.2% | 34.3M+8.8% | 31.5M-6.1% | 33.6M+2.3% | 32.8M+420.8% | |
| Operating lease liability (total) | 36.0M-5.4% | 38.1M+7.1% | 35.6M-3.7% | 36.9M-1.0% | 37.3M+256.6% | |
| Deferred tax liabilities | 532K-22.8% | 689K-89.5% | 6.55M+409.9% | 1.28M-73.2% | 4.79M-8.5% | |
| Other non-current liabilities | 3.85M+0.9% | 3.82M-85.1% | 25.5M+724.5% | 3.10M-39.0% | 5.08M-50.9% | |
| 886M+14.9% | 771M+14.6% | 672M+16.4% | 578M+32.0% | 438M+7.2% | ||
| Common stock | 604K+6.2% | 569K+0.9% | 564K+9.1% | 517K+2.0% | 507K+2.0% | |
| Additional paid-in capital | 1.31B+6.4% | 1.23B+2.1% | 1.20B+11.5% | 1.08B-3.5% | 1.12B+0.3% | |
| Retained earnings | -423M+7.7% | -458M+13.9% | -532M-6.1% | -502M+26.3% | -681M+3.7% | |
| Accumulated other comprehensive income | 1.79M+17.9% | 1.52M-5.3% | 1.61M+73.2% | 928K-37.4% | 1.48M-19.7% | |
| Total liabilities & equity | 1.33B+5.9% | 1.25B+1.8% | 1.23B+8.9% | 1.13B+25.5% | 899M+0.1% | |
| Common shares issued | 60.4M+6.3% | 56.8M+0.8% | 56.4M+9.1% | 51.7M+2.0% | 50.7M+1.9% | |
| Common shares outstanding | 60.4M+6.3% | 56.8M+0.8% | 56.4M+9.1% | 51.7M+2.0% | 50.7M+1.9% | |
| Shares outstanding (cover) | 60.4M+4.2% | 57.9M+2.8% | 56.4M+9.1% | 51.7M+2.0% | 50.7M+1.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 69.5M+8.9% | 63.8M+3.5% | 61.7M-43.1% | 108M+60.1% | 67.7M+57.5% | ||
| Depreciation & amortization | 20.0M-20.4% | 25.1M+0.7% | 25.0M-2.6% | 25.6M-1.6% | 26.1M-15.1% | |
| Intangible amortization | 3.14M-55.1% | 6.98M-17.7% | 8.48M-15.3% | 10.0M-18.4% | 12.3M-19.9% | |
| Share-based compensation | 37.0M+3.3% | 35.9M+25.6% | 28.6M+24.2% | 23.0M+50.8% | 15.2M+20.0% | |
| Deferred income taxes | -2.98M+65.8% | -8.73M-294.8% | -2.21M+98.1% | -118M-18032.1% | -651K-117.7% | |
| Change in inventory | 28.6M+243.8% | 8.31M-76.4% | 35.2M-5.7% | 37.3M+50.3% | 24.8M+115.2% | |
| -41.5M+35.7% | -64.5M-21.0% | -53.3M+22.6% | -68.9M-254.7% | 44.5M+162.0% | ||
| Capital expenditure | 16.2M-10.6% | 18.1M-35.1% | 27.9M+13.5% | 24.6M-39.5% | 40.6M+497.5% | |
| Free cash flow | 53.3M+16.6% | 45.7M+35.4% | 33.7M-59.8% | 83.9M+209.5% | 27.1M-25.2% | |
| Acquisitions | 0.00 | 0.00-100.0% | 30.4M | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | — | — | — | — | 1.73M-81.8% | |
| -10.5M+16.8% | -12.6M-168.8% | -4.68M-2.9% | -4.55M+96.3% | -122M-519.4% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 17.6M+232.7% | -13.3M-464.6% | 3.65M-89.6% | 35.0M+456.7% | -9.81M-3055.1% | |
| Interest paid | 8.23M-13.3% | 9.50M-19.4% | 11.8M+16.2% | 10.1M-19.2% | 12.6M-1.2% | |
| Income taxes paid | 87.0K-97.1% | 3.03M-40.5% | 5.09M+255.3% | 1.43M+1131.7% | -139K-142.2% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.73B+11.2% | 1.55B-11.2% | 1.75B+83.0% | 955M-33.7% | 1.44B+67.1% | |
| P/E | 48.8×+131.5% | 21.1×-7.3% | 22.7×+10.0% | 20.7×-62.7% | 55.4× | |
| P/S | 2.6×+20.0% | 2.2×-20.0% | 2.7×+82.7% | 1.5×-40.1% | 2.5×+30.1% | |
| P/B | 1.9×-3.2% | 2.0×-25.7% | 2.7×+25.2% | 2.2×-34.3% | 3.3×+55.9% | |
| P/FCF | 32.4×-4.7% | 34.0×-12.1% | 38.6×+148.8% | 15.5×-70.8% | 53.2×+123.3% | |
| Earnings yield | 2.1%-56.8% | 4.7%+7.9% | 4.4%-9.1% | 4.8%+168.0% | 1.8% | |
| FCF yield | 3.1%+4.9% | 2.9%+13.8% | 2.6%-59.8% | 6.4%+242.6% | 1.9%-55.2% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: VECO’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all VECO filings on SEC EDGAR → Not investment advice.