VEECO INSTRUMENTS INC
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $664.3M | $717.3M | $666.4M | $646.1M | $583.3M | $454.2M | $419.3M | $542.1M |
| Cost of Revenue | $398.9M | $413.3M | $381.4M | $383.0M | $341.0M | $259.9M | $261.2M | $348.4M |
| Gross Profit | $265.4M | $304.0M | $285.1M | $263.1M | $242.3M | $194.3M | $158.2M | $193.7M |
| Gross Margin | 40.0% | 42.4% | 42.8% | 40.7% | 41.5% | 42.8% | 37.7% | 35.7% |
| Operating Expenses | ||||||||
| Research & Development | $119.6M | $124.5M | $112.9M | $103.6M | $88.7M | $79.0M | $90.6M | $97.8M |
| SG&A Expense | $98.9M | $99.7M | $92.8M | $89.0M | $84.5M | $76.3M | $79.7M | $92.1M |
| Operating Income | $35.7M | $67.0M | $69.9M | $60.3M | $56.7M | $22.6M | $-39.6M | $-415.5M |
| Operating Margin | 5.4% | 9.3% | 10.5% | 9.3% | 9.7% | 5.0% | -9.4% | -76.6% |
| Interest Expense | $8.1M | $9.7M | $11.8M | $11.5M | $28.4M | $24.7M | $22.1M | $21.5M |
| Pretax Income | $39.4M | $68.8M | $-28.3M | $51.0M | $25.7M | $-8.5M | $-78.0M | $-433.8M |
| Income Tax Expense | $4.0M | $-4.9M | $2.0M | $-116.0M | $-358.0K | $-73.0K | $777.0K | $-26.7M |
| Net Income | $35.4M | $73.7M | $-30.4M | $166.9M | $26.0M | $-8.4M | $-78.7M | $-407.1M |
| Net Margin | 5.3% | 10.3% | -4.6% | 25.8% | 4.5% | -1.8% | -18.8% | -75.1% |
| EPS (Basic) | $0.60 | $1.31 | $-0.56 | $3.35 | $0.53 | $-0.17 | $-1.66 | $-8.63 |
| EPS (Diluted) | $0.59 | $1.23 | $-0.56 | $2.71 | $0.49 | $-0.17 | $-1.66 | $-8.63 |
| Shares Outstanding (Basic) | 59.3M | 56.4M | 53.8M | 49.9M | 49.1M | 48.4M | 47.5M | 47.2M |
| Shares Outstanding (Diluted) | 60.6M | 61.6M | 53.8M | 65.6M | 53.6M | 48.4M | 47.5M | 47.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |