Filing Flows

Filing Flows › Companies › Veeco Instruments › Cash flow

Veeco Instruments cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$53.6M in Q3 2026 · $126M over twelve months

Operating cash flow$57.9M
Capital spending−$4.3M
Free cash flow+$53.6M
Cash / net income4.2×
Cash conversion cycle236 days

Analysis

In Q3 2026, Veeco Instruments generated $57.9M of operating cash flow and spent $4.3M on capital projects, leaving free cash flow of $53.6M. That is $40.6M more than in Q3 2025 ($13.0M).

Over the twelve months to Sep 30, 2026, operating cash flow was $142M; the largest uses were other investing ($101M), capital spending ($16.4M), taxes on employees’ shares ($15.3M); besides operations, cash came from shares issued ($2.4M); the cash balance rose by $12.1M.

Operating cash flow was $57.9M against net income of $13.6M — 4.2× profit, cash ran ahead of reported earnings. The largest differences: deferred revenue +$51.3M, inventory −$21.3M, payables +$16.4M.

Its cash conversion cycle was 236 days (receivables 66 + inventory 214 − payables 45).

Free cash flow

Veeco Instruments: free cash flow by quarterVeeco Instruments: free cash flow by quarter$23.2MQ4 2024$13.2MQ1 2025$5.4MQ2 2025$13.0MQ3 2025$21.7MQ4 2025$2.8MQ1 2026$47.7MQ2 2026$53.6MQ3 2026
Operating cash flow less capital spending.
Veeco Instruments: operating cash flow against capital spendingVeeco Instruments: operating cash flow against capital spendingOperating cash flowCapital spending$28.4M$5.2MQ4 2024$20.0M$6.8MQ1 2025$9.0M$3.6MQ2 2025$15.5M$2.6MQ3 2025$24.9M$3.3MQ4 2025$7.9M$5.1MQ1 2026$51.4M$3.7MQ2 2026$57.9M$4.3MQ3 2026
Latest (Q3 2026): Operating cash flow $57.9M, Capital spending $4.3M.

Capital allocation, year by year

Veeco Instruments: where the cash came from (up) and went (down), by fiscal yearVeeco Instruments: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsFY2021: Operating cash flow $67.7MFY2021: Net borrowing −$116MFY2021: Shares issued $3.4MFY2021: Asset sales $1.7MFY2021: Capital spending −$40.6M$72.9MFY2021FY2022: Operating cash flow $108MFY2022: Shares issued $3.7MFY2022: Capital spending −$24.6M$112MFY2022FY2023: Operating cash flow $61.7MFY2023: Net borrowing $4.2MFY2023: Shares issued $56KFY2023: Capital spending −$27.9MFY2023: Acquisitions −$30.4M$65.9MFY2023FY2024: Operating cash flow $63.8MFY2024: Shares issued $373KFY2024: Asset sales $2.0MFY2024: Capital spending −$18.1M$66.2MFY2024FY2025: Operating cash flow $69.5MFY2025: Net borrowing −$5.2MFY2025: Shares issued $4.7MFY2025: Capital spending −$16.2M$74.2MFY2025
Over these 5 years operating cash flow totalled $371M; the largest uses were capital spending ($127M) and net borrowing ($121M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$483M
Debt$227M
Net cash$256M

Veeco Instruments funds itself: free cash flow was $126M over the last twelve months, and $483M of cash and investments stands against $227M of debt.

Where the cash came from and went

Veeco Instruments: sources (+) and uses (−) of cash, Q3 2026Veeco Instruments: sources (+) and uses (−) of cash, Q3 2026Other investing−$62.5MOperating cash flow$57.9MCash drawn (+) / kept (−)$9.1MCapital spending−$4.3MTaxes on employees’ shares−$200KExchange rates$5K
Veeco Instruments: sources (+) and uses (−) of cash, TTM to Q3 2026Veeco Instruments: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$142MOther investing−$101MCapital spending−$16.4MTaxes on employees’ shares−$15.3MCash drawn (+) / kept (−)−$12.1MShares issued$2.4MExchange rates$9K

From profit to cash

Veeco Instruments: net income to operating cash flow, Q3 2026Veeco Instruments: net income to operating cash flow, Q3 2026Net income$13.6MDepreciation & amortization$4.9MStock-based pay$8.4MDeferred taxes$679KInventory−$21.3MPayables$16.4MDeferred revenue$51.3MPrepaid and other assets−$7.2MIncome taxes payable−$189KOther operating capital$163KOperating cash flow$57.9M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 20266621445236
Q2 20267022045246
Q1 20267424551268
Q4 20256323744257
Q3 20256224544263
Q2 20256124050250
Q1 20255722846239
Q4 20245820840226

Every quarter

QuarterOperating cash flowCapital spendingShares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$57.9M−$4.3M—$9.1M$53.6M
Q2 2026$51.4M−$3.7M−$5K−$34.9M$47.7M
Q1 2026$7.9M−$5.1M$1.5M−$16.1M$2.8M
Q4 2025$24.9M−$3.3M$909K$29.8M$21.7M
Q3 2025$15.5M−$2.6M$931K−$4.2M$13.0M
Q2 2025$9.0M−$3.6M$1.5M−$13.9M$5.4M
Q1 2025$20.0M−$6.8M$1.4M−$29.2M$13.2M
Q4 2024$28.4M−$5.2M$935K$17.7M$23.2M

Veeco Instruments: income statement and cash flow

Veeco Instruments, Q3 2026: revenue $209M (+26% year over year), operating margin 6.7%. The chart follows the revenue to costs, profit and cash.

Veeco Instruments: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.