Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $332M | $476M | $542M | $419M | $454M | $583M | $646M | $666M | $717M | $664M |
| Revenue growth | — | 43.4% | 14.0% | -22.6% | 8.3% | 28.4% | 10.8% | 3.1% | 7.6% | -7.4% |
| Gross profit | $133M | $176M | $194M | $158M | $194M | $242M | $263M | $285M | $304M | $265M |
| Gross margin | 40.1% | 37.0% | 35.7% | 37.7% | 42.8% | 41.5% | 40.7% | 42.8% | 42.4% | 40.0% |
| Operating income | -$120M | -$71.9M | -$416M | -$39.6M | $22.6M | $56.7M | $60.3M | $69.9M | $67.0M | $35.7M |
| Operating margin | -36.2% | -15.1% | -76.6% | -9.4% | 5.0% | 9.7% | 9.3% | 10.5% | 9.3% | 5.4% |
| Net income | -$122M | -$51.4M | -$407M | -$78.7M | -$8.39M | $26.0M | $167M | -$30.4M | $73.7M | $35.4M |
| Net margin | -36.8% | -10.8% | -75.1% | -18.8% | -1.8% | 4.5% | 25.8% | -4.6% | 10.3% | 5.3% |
| EPS (diluted) | -$3.10 | -$1.16 | -$8.63 | -$1.66 | -$0.17 | $0.49 | $2.71 | -$0.56 | $1.23 | $0.59 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$23.8M | $35.0M | -$37.7M | -$7.42M | $43.0M | $67.7M | $108M | $61.7M | $63.8M | $69.5M |
| Capital expenditures | $11.5M | $24.3M | $12.7M | $10.9M | $6.80M | $40.6M | $24.6M | $27.9M | $18.1M | $16.2M |
| Free cash flow | -$35.3M | $10.7M | -$50.4M | -$18.3M | $36.2M | $27.1M | $83.9M | $33.7M | $45.7M | $53.3M |
| Share buybacks | $13.3M | $2.87M | $11.5M | — | — | — | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $277M | $280M | $212M | $129M | $130M | $120M | $155M | $159M | $146M | $163M |
| Total assets | $759M | $1.39B | $901M | $818M | $898M | $899M | $1.13B | $1.23B | $1.25B | $1.33B |
| Total liabilities | $164M | $547M | $463M | $444M | $490M | $461M | $550M | $557M | $481M | $440M |
| Long-term debt | $826K | $276M | $287M | $300M | $321M | $229M | $254M | $275M | $250M | $226M |
| Shareholders' equity | $602M | $840M | $438M | $375M | $408M | $438M | $578M | $672M | $771M | $886M |
| Retained earnings | -$169M | -$213M | -$620M | -$699M | -$707M | -$681M | -$502M | -$532M | -$458M | -$423M |
| Shares (wtd avg diluted) | 39.3M | 44.2M | 47.2M | 47.5M | 48.4M | 53.6M | 65.6M | 53.8M | 61.6M | 60.6M |
Every figure is extracted from VEECO INSTRUMENTS INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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