SkyWater Technology, Inc. financials
Source: EDGAR filings · Built 2026-06-02T04:02:59Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -54.53M | 9.87M | 528.00K | -32.95M | -87.56M | 10.43M |
| EBITDA | 33.09M | 25.25M | 14.14M | -1.57M | -29.74M | 10.22M |
| Working Capital | -130.82M | -24.22M | 2.18M | -15.62M | 26.63M | -9.76M |
| Net Debt | 227.12M | 57.91M | 54.48M | 73.02M | 47.72M | 65.16M |
| Gross Margin | 19.66% | 20.34% | 20.68% | 12.19% | -4.59% | 16.16% |
| Operating Margin | -0.58% | 1.92% | -5.16% | -13.98% | -35.07% | -6.15% |
| Net Margin | 26.89% | -1.98% | -10.73% | -18.59% | -31.13% | -14.68% |
| Return on Equity (ROE) | 63.31% | -12.21% | -57.23% | -73.77% | -82.94% | 128856.25% |
| Return on Assets (ROA) | 16.20% | -2.18% | -9.71% | -12.95% | -19.23% | -7.83% |
| Current Ratio | 0.60× | 0.84× | 1.02× | 0.88× | 1.56× | 0.89× |
| Debt-to-Equity | 1.33× | 1.38× | 1.36× | 1.92× | 0.99× | -4537.50× |
| Effective Tax Rate | -29.32% | -10.54% | 2.03% | -2.24% | 12.53% | -33.25% |
| Cash Conversion Ratio | -0.24× | -2.72× | -0.33× | 0.36× | 1.10× | -4.67× |
| Accruals Ratio | 0.20× | -0.08× | -0.13× | -0.08× | 0.02× | -0.44× |
| SBC % of Revenue | 2.13% | 2.39% | 2.39% | 4.04% | 7.70% | 1.88% |
| CapEx Coverage | -1.13× | 2.15× | 1.06× | -0.77× | -1.75× | 1.12× |
| Free Cash Flow Per Share | $-1.12 | $0.21 | $0.01 | $-0.81 | $-3.02 | — |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 7.45× | — | — | — | — | — |
| P/FCF | — | 71.58× | 829.31× | — | — | — |
| FCF Yield | — | 1.40% | 0.12% | — | — | — |
| EV / EBITDA | 33.57× | 30.46× | 35.84× | — | — | — |
| P/S | 2.00× | 2.08× | 1.58× | 1.46× | 3.97× | — |
| P/B | 4.71× | 12.78× | 8.42× | 5.79× | 10.57× | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenues | 442.14M | 342.27M | 286.68M | 212.94M | 162.85M | 140.44M |
| Cost of Revenue | 355.21M | 272.64M | 227.39M | 186.97M | 170.32M | 117.75M |
| Gross Profit | 86.93M | 69.63M | 59.29M | 25.97M | -7.47M | 22.69M |
| Research and Development Expense | 14.62M | 15.04M | 10.17M | 9.43M | 8.75M | 4.21M |
| Selling, General and Administrative Expense | 74.88M | 48.03M | 63.91M | 46.30M | 43.59M | 25.03M |
| Operating Income (Loss) | -2.58M | 6.56M | -14.79M | -29.77M | -57.10M | -8.64M |
| Income Tax Expense (Benefit) | -27.99M | 240.00K | -521.00K | 809.00K | -6.79M | 4.92M |
| Net Income (Loss) Attributable to Parent | 118.91M | -6.79M | -30.76M | -39.59M | -50.70M | -20.62M |
| Earnings Per Share, Basic | $2.47 | $-0.14 | $-0.68 | $-0.97 | $-1.76 | $-1.15 |
| Weighted Average Number of Shares Outstanding, Basic | 48.18M | 47.40M | 45.51M | 40.84M | 29.04M | 0 |
| Earnings Per Share, Diluted | $2.44 | $-0.14 | $-0.68 | $-0.97 | $-1.76 | $-1.15 |
| Weighted Average Number of Shares Outstanding, Diluted | 48.71M | 47.40M | 45.51M | 40.84M | 29.04M | 0 |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 23.22M | 18.84M | 18.38M | 30.02M | 12.92M | 7.44M |
| Assets, Current | 193.20M | 130.11M | 146.38M | 116.55M | 74.40M | 76.57M |
| Assets | 733.91M | 311.81M | 316.76M | 305.76M | 263.60M | 263.21M |
| Long-term Debt | 38.88M | 39.78M | 40.07M | 37.04M | 59.45M | 72.60M |
| Liabilities, Current | 324.02M | 154.33M | 144.20M | 132.17M | 47.77M | 86.33M |
| Long-term Debt, Excluding Current Maturities | 32.94M | 34.70M | 36.10M | 35.18M | 58.43M | 69.83M |
| Liabilities | 538.10M | 250.28M | 256.06M | 251.79M | 203.67M | 264.79M |
| Stockholders' Equity Attributable to Parent | 187.82M | 55.64M | 53.74M | 53.67M | 61.13M | -16.00K |
| Common Stock, Shares, Outstanding | 48.61M | 47.70M | 47.03M | 43.70M | 39.84M | 0 |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -28.97M | 18.46M | 10.08M | -14.30M | -55.68M | 96.19M |
| Payments to Acquire Property, Plant, and Equipment | 24.34M | 7.94M | 8.62M | 17.05M | 30.76M | 85.77M |
| Net Cash Provided by (Used in) Investing Activities | -113.04M | -11.21M | -10.49M | -17.45M | -29.82M | -88.18M |
| Payments for Repurchase of Common Stock | — | — | — | 0 | 0 | 4.08M |
| Net Cash Provided by (Used in) Financing Activities | 146.39M | -6.79M | -11.23M | 48.86M | 90.98M | -5.19M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 18.17M | -42.99M | -11.54M | 36.52M | 40.93M | -2.08M |
| EBITDA | 8.92M | 14.21M | — | — | 483.00K | 8.05M |
| Working Capital | -172.05M | -130.82M | -117.25M | 8.34M | 23.03M | -24.22M |
| Net Debt | 216.31M | 227.12M | 180.67M | 25.22M | 18.07M | 57.91M |
| Gross Margin | 20.01% | 14.94% | 24.03% | 18.45% | 23.26% | 25.56% |
| Operating Margin | -3.28% | 0.04% | 5.21% | -10.97% | -6.56% | 3.52% |
| Net Margin | -7.66% | -4.55% | 95.54% | -16.89% | -11.98% | -0.90% |
| Return on Equity (ROE) | -6.83% | -4.14% | 74.69% | -22.06% | -13.75% | -1.22% |
| Return on Assets (ROA) | -1.68% | -1.06% | 18.30% | -2.98% | -2.25% | -0.22% |
| Current Ratio | 0.51× | 0.60× | 0.67× | 1.06× | 1.18× | 0.84× |
| Debt-to-Equity | 1.32× | 1.33× | 1.10× | 1.65× | 1.30× | 1.38× |
| Effective Tax Rate | 2.48% | -69.33% | -28.09% | -9.14% | -6.58% | 34.47% |
| Cash Conversion Ratio | -2.27× | 4.64× | 0.05× | -5.44× | -7.62× | 1.88× |
| Accruals Ratio | -0.05× | 0.04× | 0.17× | -0.19× | -0.19× | 0.00× |
| SBC % of Revenue | 1.62% | 1.52% | 4.53% | 7.14% | 3.07% | 2.73% |
| CapEx Coverage | 2.87× | -5.21× | 0.38× | 3.05× | 3.72× | -1.59× |
| Free Cash Flow Per Share | $0.37 | $-0.88 | $-0.24 | $0.76 | $0.86 | $-0.04 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 11.69× | 7.54× | 7.01× | — | — | — |
| P/S | 2.45× | 2.00× | 2.53× | 1.64× | 1.05× | 2.08× |
| P/B | 7.36× | 4.71× | 4.55× | 10.53× | 6.35× | 12.78× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 160.69M | 171.04M | 150.74M | 59.06M | 61.30M | 75.49M |
| Cost of Revenue | 128.53M | 145.49M | 114.52M | 48.16M | 47.04M | 56.19M |
| Gross Profit | 32.15M | 25.55M | 36.22M | 10.90M | 14.26M | 19.30M |
| Research and Development Expense | 5.00M | 3.63M | 4.37M | 3.37M | 3.25M | 4.21M |
| Selling, General and Administrative Expense | 32.43M | 21.85M | 24.00M | 14.01M | 15.03M | 12.43M |
| Operating Income (Loss) | -5.28M | 70.00K | 7.85M | -6.48M | -4.02M | 2.65M |
| Income Tax Expense (Benefit) | -284.00K | 2.71M | -31.83M | 742.00K | 384.00K | 233.00K |
| Net Income (Loss) Attributable to Parent | -12.31M | -7.78M | 144.01M | -9.98M | -7.34M | -679.00K |
| Earnings Per Share, Basic | $-0.25 | $-0.17 | $2.98 | $-0.21 | $-0.15 | $-0.01 |
| Weighted Average Number of Shares Outstanding, Basic | 48.77M | 48.18M | 48.27M | 48.09M | 47.79M | 47.40M |
| Earnings Per Share, Diluted | $-0.25 | $-0.18 | $2.95 | $-0.21 | $-0.15 | $-0.01 |
| Weighted Average Number of Shares Outstanding, Diluted | 48.77M | 48.71M | 48.77M | 48.09M | 47.79M | 47.40M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 22.23M | 23.22M | 30.89M | 49.37M | 51.23M | 18.84M |
| Assets, Current | 182.08M | 193.20M | 238.63M | 155.94M | 150.35M | 130.11M |
| Assets | 732.90M | 733.91M | 787.03M | 334.69M | 326.76M | 311.81M |
| Long-term Debt | 37.52M | 38.88M | 40.44M | 42.07M | 38.63M | 39.78M |
| Liabilities, Current | 354.13M | 324.02M | 355.87M | 147.60M | 127.32M | 154.33M |
| Long-term Debt, Excluding Current Maturities | 32.33M | 32.94M | 34.26M | 35.32M | 33.69M | 34.70M |
| Liabilities | 545.05M | 538.10M | 587.28M | 282.73M | 267.33M | 250.28M |
| Stockholders' Equity Attributable to Parent | 180.22M | 187.82M | 192.81M | 45.24M | 53.41M | 55.64M |
| Common Stock, Shares, Outstanding | 49.16M | 48.61M | 48.51M | 48.18M | 48.04M | 47.70M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 27.90M | -36.07M | 7.11M | 54.30M | 55.97M | -1.28M |
| Payments to Acquire Property, Plant, and Equipment | 9.05M | 6.10M | 18.24M | 17.41M | 14.77M | 680.00K |
| Net Cash Provided by (Used in) Investing Activities | -10.10M | -6.08M | -106.96M | -18.77M | -15.18M | -2.05M |
| Net Cash Provided by (Used in) Financing Activities | -18.79M | 34.49M | 111.90M | -5.00M | -8.39M | 1.48M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (SKYT CIK 0001819974),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.