VECO · Veeco Instruments Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $102.51M | - | $98.18M | $97.38M | $98.83M | - | $105.60M | $100.49M | $99.06M | - |
| Gross Profit | $55.83M | - | $67.70M | $68.73M | $68.47M | - | $79.21M | $75.39M | $75.42M | - |
| R&D | $29.88M | - | $28.99M | $31.56M | $28.51M | - | $32.22M | $31.70M | $29.64M | - |
| SG&A | $26.02M | - | $27.26M | $23.93M | $25.03M | - | $25.29M | $24.59M | $24.70M | - |
| Total Operating Expenses | $58.49M | - | $57.15M | $56.36M | $54.32M | - | $54.88M | $58.67M | $53.37M | - |
| D&A | $5.04M | - | $4.10M | $4.30M | $5.04M | - | $4.50M | $4.80M | $6.41M | - |
| Operating Income | ($2.66M) | - | $10.55M | $12.37M | $14.15M | - | $24.34M | $16.72M | $22.05M | - |
| Interest Expense | $1.90M | - | $1.94M | $2.06M | $2.18M | - | $2.44M | $2.44M | $2.62M | - |
| Income Tax | ($1.16M) | - | $1.28M | $889.0K | $3.04M | - | $2.71M | $2.13M | $896.0K | - |
| Net Income | ($324.0K) | - | $10.60M | $11.73M | $11.95M | - | $21.95M | $14.94M | $21.85M | - |
| EPS - Basic | ($0.01) | - | $0.18 | $0.20 | $0.21 | - | $0.39 | $0.27 | $0.39 | - |
| EPS - Diluted | ($0.01) | - | $0.17 | $0.20 | $0.20 | - | $0.36 | $0.25 | $0.37 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $179.53M | $163.47M | $193.19M | $188.90M | $174.90M | $145.59M | $163.23M | $174.16M | $174.00M | $158.78M |
| Accounts Receivable | $150.52M | $110.69M | $116.47M | $106.52M | $114.37M | $96.83M | $132.35M | $92.40M | $106.53M | $103.02M |
| Inventory | $282.23M | $275.30M | $263.31M | $258.98M | $254.05M | $246.74M | $242.12M | $245.11M | $243.27M | $237.63M |
| Accounts Payable | $60.15M | $55.34M | $43.58M | $49.53M | $57.84M | $43.52M | $50.05M | $46.85M | $54.01M | $42.38M |
| Current Assets | $873.42M | $845.34M | $810.33M | $791.89M | $794.80M | $764.53M | $760.98M | $718.20M | $715.89M | $706.28M |
| Total Assets | $1.35B | $1.33B | $1.29B | $1.27B | $1.28B | $1.25B | $1.27B | $1.24B | $1.23B | $1.23B |
| Current Liabilities | $206.69M | $178.06M | $151.19M | $155.24M | $178.86M | $192.28M | $215.17M | $203.97M | $234.36M | $218.03M |
| Long-term Debt | $226.25M | $226.01M | $225.72M | $225.44M | $249.96M | $249.70M | $249.40M | $249.10M | $248.81M | $274.94M |
| Total Liabilities | $469.31M | $440.29M | $413.94M | $418.51M | $466.97M | $480.81M | $526.35M | $520.10M | $545.78M | $556.60M |
| Stockholders' Equity | $883.66M | $885.51M | $875.97M | $856.20M | $811.86M | $770.77M | $746.52M | $715.01M | $687.91M | $672.44M |
| Retained Earnings | ($423.39M) | ($423.06M) | ($424.18M) | ($434.77M) | ($446.51M) | ($458.45M) | ($473.42M) | ($495.37M) | ($510.31M) | ($532.17M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $7.93M | - | - | - | $19.99M | - | - | - | $9.36M | - |
| Investing Cash Flow | $17.69M | - | - | - | $14.52M | - | - | - | $20.73M | - |
| Financing Cash Flow | ($9.56M) | - | - | - | ($5.28M) | - | - | - | ($14.84M) | - |
| CapEx | $5.10M | - | - | - | $6.75M | - | - | - | $5.99M | - |
| Free Cash Flow | $2.83M | - | - | - | $13.24M | - | - | - | $3.37M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | -8.74 | - | - | - | 1.11 | - | - | - | 0.15 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | 10.8% | 7.0% | 20.3% | - | 11.0% | 12.5% | 3.9% | - |
| Return on assets | -0.0% | - | 0.8% | 0.9% | 0.9% | - | 1.7% | 1.2% | 1.8% | - |
| Return on equity | -0.0% | - | 1.2% | 1.4% | 1.5% | - | 2.9% | 2.1% | 3.2% | - |
| Return on invested capital | -0.2% | - | 0.9% | 1.1% | 1.1% | - | 2.2% | 1.5% | 2.3% | - |
| Liquidity | ||||||||||
| Current ratio | 4.23 | 4.75 | 5.36 | 5.10 | 4.44 | 3.98 | 3.54 | 3.52 | 3.05 | 3.24 |
| Quick ratio | 2.86 | 3.20 | 3.62 | 3.43 | 3.02 | 2.69 | 2.41 | 2.32 | 2.02 | 2.15 |
| Cash ratio | 0.87 | 0.92 | 1.28 | 1.22 | 0.98 | 0.76 | 0.76 | 0.85 | 0.74 | 0.73 |
| Leverage | ||||||||||
| Debt / Equity | 0.26 | 0.26 | 0.26 | 0.26 | 0.31 | 0.32 | 0.33 | 0.35 | 0.36 | 0.41 |
| Debt / Assets | 0.17 | 0.17 | 0.17 | 0.18 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.22 |
| Debt / EBITDA | 95.10 | - | 15.40 | 13.52 | 13.03 | - | 8.65 | 11.57 | 8.75 | - |
| Interest coverage | -1.4x | - | 5.5x | 6.0x | 6.5x | - | 10.0x | 6.9x | 8.4x | - |
| Equity multiplier | 1.53 | 1.50 | 1.47 | 1.49 | 1.58 | 1.62 | 1.71 | 1.73 | 1.79 | 1.83 |
| Liabilities / Assets | 0.35 | 0.33 | 0.32 | 0.33 | 0.37 | 0.38 | 0.41 | 0.42 | 0.44 | 0.45 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | 0.36 | - | 0.37 | 0.38 | 0.39 | - | 0.44 | 0.41 | 0.41 | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 1005d | - | 979d | 971d | 938d | - | 837d | 890d | 896d | - |
| Days payable outstanding | 214d | - | 162d | 186d | 214d | - | 173d | 170d | 199d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 179.0x | 101.6x | 100.4x | - | 92.0x | 186.8x | 95.1x | - |
| P / B | 2.3x | - | 2.1x | 1.4x | 1.5x | - | 2.8x | 4.1x | 3.1x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | 879.5x | - | 128.8x | 75.6x | 67.0x | - | 75.0x | 139.2x | 77.7x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -18.5% | - | -14.5% | -8.8% | -9.2% | - | 3.0% | 11.7% | 21.6% | - |
| Operating income growth (YoY) | - | - | -56.6% | -26.0% | -35.8% | - | 9.3% | 22.2% | 124.8% | - |
| Net income growth (YoY) | - | - | -51.7% | -21.5% | -45.3% | - | -10.7% | - | 150.0% | - |
| EPS growth (YoY) | - | - | -52.8% | -20.0% | -45.9% | - | -14.3% | - | 117.6% | - |
| EPS CAGR (3y) | - | - | -14.3% | 3.6% | -5.9% | - | 28.4% | 27.7% | 94.9% | - |
| EPS CAGR (5y) | - | - | 76.2% | - | - | - | - | - | - | - |
| FCF growth (YoY) | -78.6% | - | - | - | 292.7% | - | - | - | -51.6% | - |
| FCF CAGR (5y) | -19.8% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 8.8% | 14.9% | 17.3% | 19.7% | 18.0% | 14.6% | 15.8% | 16.7% | 17.5% | 16.4% |
Peer comparison
Same SIC group: Special Industry Machinery, NEC
Comparing VEECO INSTRUMENTS INC against the 5 most active filers in the same SIC group.