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Veeco Instruments (VECO)
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Veeco Instruments Income Statement 2025-2008 | VECO
Brief overview of income trends at Veeco Instruments
This overview is based on financial performance over the past five years. Revenue at Veeco Instruments moved from $454 million in 2020 to $664 million in 2025. The total change was +46.3%, with a CAGR of approximately 7.9%. The direction is positive, but the growth rate is not particularly high.
At the gross-profit level, the result moved from $194 million to $265 million, a change of +36.6%. The cost base moved against the top-line trend and weighed on the gross result. The gross margin was 42.8% at the start and 40% at the end. Weakening gross profitability reduces the quality of the top-line trend.
EBITDA changed from 53.3 million dollars to 55.7 million dollars (+4.6%). The operating result developed less favorably than sales. The EBITDA share of revenue changed from 11.7% to 8.4%. The business retained less EBITDA from each unit of revenue.
The final result was −8.4 million dollars initially and 35.4 million dollars in the final year. The business moved out of a loss and ended the period with a profit.
Market capitalization changed from $893 million to $1.7 billion (+91.9%). The valuation did not keep pace with the reported progress.
Overall conclusion
The results present an uneven picture without one dominant signal. The financial profile benefits from revenue expansion and improving net profitability. The weaker side of the profile includes a lower gross margin and weaker operating efficiency. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement Veeco Instruments
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
1.71 B | 1.39 B | 1.91 B | 1.03 B | 1.35 B | 893 M | 641 M | 462 M | 744 M | 1.04 B | 741 M | 1.15 B | 1.46 B | 1.23 B | 962 M | 1.48 B | 376 M | - |
Shares |
59.3 M | 56.4 M | 53.8 M | 49.9 M | 49.1 M | 48.4 M | 47.5 M | 47.2 M | 44.2 M | 39.3 M | 39.7 M | 39.4 M | 38.8 M | 38.5 M | 39.7 M | 39.5 M | 32.6 M | - |
Historical Prices |
28.9 | 24.6 | 35.5 | 20.6 | 27.5 | 18.5 | 12.8 | 9.81 | 16.6 | 25.8 | 18.6 | 29.2 | 38 | 31.4 | 24.4 | 37.5 | 11.5 | 19 |
Net Income |
35.4 M | 73.7 M | -30.4 M | 167 M | 26 M | -8.39 M | -78.7 M | -407 M | -44.8 M | -122 M | -32 M | -66.9 M | -42.3 M | 30.9 M | 128 M | 362 M | -15.6 M | - |
Revenue |
664 M | 717 M | 666 M | 646 M | 583 M | 454 M | 419 M | 542 M | 485 M | 332 M | 477 M | 393 M | 332 M | 516 M | 979 M | - | - | - |
Cost of Revenue |
399 M | 413 M | 381 M | 383 M | 341 M | 260 M | 261 M | 348 M | 299 M | 199 M | 300 M | 258 M | 229 M | 301 M | 505 M | 481 M | 168 M | - |
Gross Profit |
265 M | 304 M | 285 M | 263 M | 242 M | 194 M | 158 M | 194 M | 184 M | 133 M | 177 M | 135 M | 103 M | 215 M | 474 M | 449 M | 114 M | - |
Operating Income |
35.7 M | 67 M | 69.9 M | 60.3 M | 56.7 M | 22.6 M | -39.6 M | -416 M | -71.9 M | -120 M | -23.2 M | -79.2 M | -71.8 M | 37.2 M | 276 M | 303 M | 7.63 M | - |
Interest Expense |
-653 K | - | 11.8 M | 11.5 M | 28.4 M | 24.7 M | 22.1 M | 21.5 M | 19.5 M | 222 K | 464 K | 715 K | 598 K | 1.5 M | 4.6 M | 8.2 M | 7.73 M | - |
EBITDA |
55.7 M | 92.1 M | 94.9 M | 85.9 M | 82.8 M | 53.3 M | -12.1 M | 3.9 M | 2.08 M | -25.8 M | 8.51 M | -36 M | -63.8 M | 46.9 M | 283 M | 314 M | 19.9 M | - |
Operating Expenses |
230 M | 237 M | 215 M | 203 M | 186 M | 172 M | 187 M | 222 M | 218 M | 178 M | 196 M | 184 M | 172 M | 173 M | 196 M | 146 M | 107 M | - |
General and Administrative Expenses |
98.9 M | 99.7 M | 92.8 M | 89 M | 84.5 M | 76.3 M | 79.7 M | 92.1 M | 100 M | 77.6 M | 90.2 M | 89.8 M | 85.5 M | 73.1 M | 95.1 M | 87.2 M | 59.4 M | - |
All numbers in USD currency
Quarterly Income Statement Veeco Instruments
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
61.1 M | 60.4 M | 60.4 M | 60.1 M | 59.1 M | 57.8 M | 56.8 M | 56.4 M | 56.3 M | 56 M | 56.4 M | 55.4 M | 52.9 M | 50.6 M | 51.7 M | 49.9 M | 49.7 M | 49.6 M | 50.7 M | 49 M | 48.7 M | 48.6 M | 49.7 M | 48.3 M | 48.1 M | 47.8 M | 49 M | 47.5 M | 47.1 M | 46.8 M | 48 M | 47 M | 47.3 M | 47 M | 48.1 M | 46.9 M | 42.7 M | 39.6 M | 40.6 M | 39.1 M | 39 M | 39.1 M | 40.5 M | 40.8 M | 39.7 M | 39.6 M | 40.4 M | 39.4 M | 39.4 M | 39.2 M | 38.9 M | 38.8 M | 38.8 M | 38.7 M | 38.7 M | 38.6 M | 38.4 M | 38.3 M | 38.2 M | 39.3 M | 41 M | 39.8 M |
Net Income |
11.9 M | -324 K | - | 10.6 M | 11.7 M | 11.9 M | - | 22 M | 14.9 M | 21.9 M | - | 24.6 M | -85.3 M | 8.74 M | - | 15 M | 9.66 M | 13.3 M | - | 8.99 M | 6.35 M | 2.49 M | -102 K | 580 K | -8.3 M | -567 K | -32.9 M | -11.8 M | -15.6 M | -18.5 M | -145 M | -262 M | -253 M | -15.8 M | -8.48 M | -42.9 M | -20.8 M | 1.64 M | -5 M | -69.6 M | -32.1 M | -15.5 M | -9.79 M | 5.31 M | -8.39 M | -19.1 M | -56.9 M | -14 M | -15.2 M | 19.2 M | -22.1 M | -6.03 M | -4.08 M | -10.1 M | -9.06 M | 11.8 M | 11.8 M | 16.4 M | 20.3 M | 35.9 M | 19.2 M | 52.6 M |
Revenue |
193 M | 158 M | - | 166 M | 166 M | 167 M | - | 185 M | 176 M | 174 M | - | 177 M | 162 M | 154 M | - | 172 M | 164 M | 156 M | - | 150 M | 146 M | 134 M | 139 M | 112 M | 98.6 M | 105 M | 113 M | 109 M | 97.8 M | 99.4 M | 99 M | 127 M | 158 M | 159 M | 143 M | 132 M | 115 M | 94.4 M | 93.6 M | 85.5 M | 75.3 M | 78 M | 107 M | 141 M | 131 M | 98.3 M | 114 M | 93.3 M | 95.1 M | 90.8 M | 73.2 M | 99.3 M | 97.4 M | 61.8 M | 107 M | 133 M | 137 M | 140 M | 192 M | 268 M | 265 M | 255 M |
Cost of Revenue |
119 M | 103 M | - | 98.2 M | 97.4 M | 98.8 M | - | 106 M | 100 M | 99.1 M | - | 100 M | 94.1 M | 91.5 M | - | 102 M | 99.7 M | 90.4 M | - | 87.1 M | 86.2 M | 78.8 M | - | 62.9 M | 56.7 M | 58.1 M | - | 66.7 M | 61.5 M | 64.7 M | - | 80.4 M | 102 M | 102 M | - | 78.8 M | 76.4 M | 60 M | - | 52 M | 43.9 M | 46.1 M | - | 86.5 M | 82.3 M | 63.2 M | - | 60.8 M | 64.4 M | 57.1 M | - | 69 M | 62.8 M | 39.2 M | - | 82.8 M | 75.3 M | 74.6 M | - | 143 M | 129 M | 124 M |
Gross Profit |
74.8 M | 55.8 M | - | 67.7 M | 68.7 M | 68.5 M | - | 79.2 M | 75.4 M | 75.4 M | - | 76.9 M | 67.5 M | 62 M | - | 70 M | 64.3 M | 66 M | - | 63.2 M | 60.2 M | 54.9 M | 56.8 M | 49.1 M | 41.9 M | 46.4 M | 45 M | 42.2 M | 36.3 M | 34.7 M | 35.3 M | 46.4 M | 55.4 M | 56.7 M | 55.4 M | 50.5 M | 35.8 M | 34.5 M | 36 M | 33.5 M | 31.4 M | 32 M | 38.8 M | 54.2 M | 49.1 M | 35.1 M | 37.9 M | 32.6 M | 30.7 M | 33.8 M | 15.6 M | 30.3 M | 34.6 M | 22.6 M | 38.7 M | 49.9 M | 61.3 M | 65.3 M | 83.1 M | 125 M | 135 M | 131 M |
Operating Income |
11.9 M | -2.66 M | - | 10.6 M | 12.4 M | 14.1 M | - | 24.3 M | 16.7 M | 22 M | - | 22.3 M | 13.7 M | 9.81 M | - | 17.6 M | 12.8 M | 16.5 M | - | 16.4 M | 13.3 M | 9.42 M | - | 6.98 M | 409 K | 4.57 M | - | -7.36 M | -11.2 M | -14.1 M | - | -3.87 M | -261 M | -11.4 M | - | -21.5 M | -29.9 M | -5.54 M | - | -68.7 M | -31.3 M | -15.3 M | - | 6.58 M | -4.03 M | -15.8 M | - | -17.5 M | -15.8 M | 18.6 M | - | -9.94 M | -6.81 M | -19.6 M | - | 7.46 M | 15.1 M | 20.9 M | - | 73.9 M | 83 M | 87.2 M |
Interest Expense |
-653 K | - | - | - | -653 K | - | - | - | - | 2.62 M | - | 2.78 M | -97.1 M | 2.88 M | - | 2.89 M | 2.85 M | 2.89 M | - | 7.11 M | 6.82 M | 6.76 M | - | 6.42 M | 6.04 M | 5.67 M | - | 5.55 M | 5.5 M | 5.44 M | - | 5.6 M | 5.26 M | 5.25 M | - | 5.1 M | 5.06 M | 4.14 M | - | 23 K | 105 K | 38 K | - | 95 K | 124 K | 126 K | - | 39 K | 108 K | 42 K | - | 192 K | 236 K | 192 K | - | 176 K | 329 K | 203 K | - | 244 K | -86 K | -1.3 M |
EBITDA |
21.8 M | 2.38 M | - | 14.7 M | 16.7 M | 19.2 M | - | 28.8 M | 21.5 M | 28.4 M | - | 26.4 M | 17.7 M | 16.1 M | - | 21.4 M | 16.8 M | 22.8 M | - | 36 M | 26.4 M | 16.2 M | - | 30 M | 15.8 M | 12.3 M | - | 18.5 M | 6.11 M | -5.34 M | - | 37.2 M | -229 M | 6.29 M | - | 10.8 M | -14.3 M | 254 K | 3.3 M | -42.7 M | -14 M | -6.68 M | - | 37.3 M | 17.7 M | -5.1 M | - | 161 K | -4.17 M | 24.4 M | - | 2.14 M | 1.17 M | -15.7 M | - | 19.6 M | 23 M | 24.7 M | - | 83.2 M | 88.8 M | 89.9 M |
Operating Expenses |
63 M | 58.5 M | - | 57.1 M | 56.4 M | 54.3 M | - | 54.9 M | 58.7 M | 53.4 M | - | 54.6 M | 53.8 M | 52.2 M | - | 52.4 M | 51.4 M | 49.5 M | - | 46.8 M | 46.9 M | 45.5 M | - | 42.2 M | 41.5 M | 41.9 M | - | 49.6 M | 47.5 M | 48.9 M | - | 50.3 M | 317 M | 68.1 M | - | 72 M | 65.7 M | 40 M | - | 102 M | 62.7 M | 47.2 M | - | 47.7 M | 53.1 M | 51 M | - | 50 M | 46.4 M | 15.2 M | - | 40.7 M | 41.5 M | 41.8 M | - | 42.4 M | 46.1 M | 44.3 M | - | 51.1 M | 52.4 M | 43.8 M |
General and Administrative Expenses |
27.6 M | 26 M | - | 27.3 M | 23.9 M | 25 M | - | 25.3 M | 24.6 M | 24.7 M | - | 22.8 M | 23.8 M | 22.6 M | - | 22.1 M | 23 M | 22.9 M | - | 21.6 M | 21.5 M | 20.3 M | - | 19.4 M | 17.8 M | 18.3 M | - | 21 M | 19.8 M | 19.9 M | - | 20.2 M | 24.3 M | 26.4 M | - | 29.8 M | 22.7 M | 19.1 M | - | 18.4 M | 20 M | 19.8 M | - | 21.9 M | 24.4 M | 22.9 M | - | 21.7 M | 21.9 M | 21.7 M | - | 19.6 M | 19.8 M | 19.6 M | - | 13.9 M | 20.9 M | 19.8 M | - | 23.6 M | 27.5 M | 22.9 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Veeco Instruments (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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