SkyWater Technology (SKYT) Financials

$7.54 +0.26 (+3.57%)

Closing price 05/2/2025 04:00 PM Eastern

Extended Trading

$7.56 +0.02 (+0.27%)

As of 04:30 AM Eastern

Annual Income Statements for SkyWater Technology

This table shows SkyWater Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	1/1/2023	12/31/2023	12/29/2024
Net Income / (Loss) Attributable to Common Shareholders	-40	-31	-6.79
Consolidated Net Income / (Loss)	-37	-25	-2.52
Net Income / (Loss) Continuing Operations	-37	-25	-2.52
Total Pre-Tax Income	-36	-26	-2.28
Total Operating Income	-30	-15	6.56
Total Gross Profit	26	59	70
Total Revenue	213	287	342
Operating Revenue	213	287	342
Total Cost of Revenue	187	227	273
Operating Cost of Revenue	187	227	273
Total Operating Expenses	56	74	63
Selling, General & Admin Expense	46	64	48
Research & Development Expense	9.43	10	15
Total Other Income / (Expense), net	-6.30	-11	-8.84
Interest Expense	6.30	11	8.84
Income Tax Expense	0.81	-0.52	0.24
Net Income / (Loss) Attributable to Noncontrolling Interest	2.72	5.66	4.28
Basic Earnings per Share	($0.97)	($0.68)	($0.14)
Weighted Average Basic Shares Outstanding	40.84M	45.51M	47.40M
Diluted Earnings per Share	($0.97)	($0.68)	($0.14)
Weighted Average Diluted Shares Outstanding	40.84M	45.51M	47.40M
Weighted Average Basic & Diluted Shares Outstanding	43.91M	47.28M	48.00M

This table shows SkyWater Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	10/2/2022	1/1/2023	4/2/2023	7/2/2023	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024
Net Income / (Loss) Attributable to Common Shareholders	-6.94	-3.04	-4.27	-8.59	-7.57	-10	-5.73	-1.90	1.51	-0.68
Consolidated Net Income / (Loss)	-6.50	-2.45	-3.57	-6.52	-6.60	-8.40	-4.63	-0.96	2.63	0.44
Net Income / (Loss) Continuing Operations	-6.50	-2.45	-3.57	-6.52	-6.60	-8.40	-4.63	-0.96	2.63	0.44
Total Pre-Tax Income	-6.41	-1.59	-3.57	-6.50	-6.70	-8.85	-4.59	-1.08	2.72	0.68
Total Operating Income	-5.08	1.30	-1.10	-3.55	-4.19	-5.95	-2.20	1.40	4.71	2.65
Total Gross Profit	8.28	17	16	17	14	12	13	17	20	19
Total Revenue	52	65	66	70	72	79	80	93	94	75
Operating Revenue	52	65	66	70	72	79	80	93	94	75
Total Cost of Revenue	44	49	50	53	57	67	67	76	74	56
Operating Cost of Revenue	44	49	50	53	57	67	67	76	74	56
Total Operating Expenses	13	15	18	20	18	18	15	16	16	17
Selling, General & Admin Expense	11	13	15	18	16	15	11	12	12	12
Research & Development Expense	2.58	2.21	2.67	2.40	2.23	2.87	4.01	3.38	3.43	4.22
Total Other Income / (Expense), net	-1.33	-2.90	-2.47	-2.95	-2.51	-2.90	-2.39	-2.48	-1.99	-1.98
Interest Expense	1.33	2.90	2.47	2.95	2.51	2.90	2.39	2.48	1.99	1.98
Income Tax Expense	0.09	0.85	0.00	0.03	-0.10	-0.45	0.04	-0.13	0.09	0.23
Net Income / (Loss) Attributable to Noncontrolling Interest	0.44	0.60	0.71	2.07	0.97	1.92	1.10	0.94	1.12	1.12
Basic Earnings per Share	($0.17)	($0.06)	($0.10)	($0.19)	($0.16)	($0.23)	($0.12)	($0.04)	$0.03	($0.01)
Weighted Average Basic Shares Outstanding	40.67M	40.84M	43.82M	44.74M	46.45M	45.51M	47.10M	47.39M	47.52M	47.40M
Diluted Earnings per Share	($0.17)	($0.06)	($0.10)	($0.19)	($0.16)	($0.23)	($0.12)	($0.04)	$0.03	($0.01)
Weighted Average Diluted Shares Outstanding	40.67M	40.84M	43.82M	44.74M	46.45M	45.51M	47.10M	47.39M	47.64M	47.40M
Weighted Average Basic & Diluted Shares Outstanding	41.62M	43.91M	44.47M	46.28M	47.02M	47.28M	47.35M	47.48M	47.66M	48.00M

This table details how cash moves in and out of SkyWater Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	1/1/2023	12/31/2023	12/29/2024
Net Change in Cash & Equivalents	17	-12	0.46
Net Cash From Operating Activities	-14	10	18
Net Cash From Continuing Operating Activities	-14	10	18
Net Income / (Loss) Continuing Operations	-37	-25	-2.52
Consolidated Net Income / (Loss)	-37	-25	-2.52
Depreciation Expense	28	29	19
Amortization Expense	0.91	1.76	1.68
Non-Cash Adjustments To Reconcile Net Income	-1.07	-25	28
Changes in Operating Assets and Liabilities, net	-5.46	30	-27
Net Cash From Investing Activities	-17	-10	-11
Net Cash From Continuing Investing Activities	-17	-10	-11
Purchase of Property, Plant & Equipment	-17	-8.62	-7.94
Acquisitions	-0.40	-1.87	-3.32
Sale of Property, Plant & Equipment	0.00	0.00	0.06
Net Cash From Financing Activities	49	-11	-6.79
Net Cash From Continuing Financing Activities	49	-11	-6.79
Repayment of Debt	-32	-300	-348
Repurchase of Common Equity	-0.46	0.00	0.00
Payment of Dividends	-1.21	-0.11	-5.62
Issuance of Debt	63	259	347
Issuance of Common Equity	22	24	2.76
Other Financing Activities, net	-2.75	5.73	-2.35
Cash Interest Paid	4.44	8.76	6.55
Cash Income Taxes Paid	0.00	0.01	0.11

This table details how cash moves in and out of SkyWater Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	10/2/2022	1/1/2023	4/2/2023	7/2/2023	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024
Net Change in Cash & Equivalents	-1.65	21	-16	2.34	1.17	1.04	1.62	-1.64	2.32	-1.84
Net Cash From Operating Activities	7.85	-8.29	-11	-6.92	-3.65	32	-3.92	9.35	14	-1.28
Net Cash From Continuing Operating Activities	7.85	-8.29	-11	-6.92	-3.65	32	-3.92	9.35	14	-1.28
Net Income / (Loss) Continuing Operations	-6.50	-2.45	-3.57	-6.52	-6.60	-8.40	-4.63	-0.96	2.63	0.44
Consolidated Net Income / (Loss)	-6.50	-2.45	-3.57	-6.52	-6.60	-8.40	-4.63	-0.96	2.63	0.44
Depreciation Expense	7.08	7.45	7.35	7.21	7.09	7.28	5.07	4.06	4.17	5.40
Amortization Expense	0.17	0.39	0.36	0.52	0.47	0.41	0.44	0.44	0.44	0.35
Non-Cash Adjustments To Reconcile Net Income	2.03	-8.06	-2.87	-7.14	-3.25	-12	15	14	-17	16
Changes in Operating Assets and Liabilities, net	5.07	-5.63	-12	-0.99	-1.36	44	-20	-8.31	24	-24
Net Cash From Investing Activities	-5.86	-5.73	-3.06	-0.16	-1.26	-6.01	-2.07	-1.15	-13	4.59
Net Cash From Continuing Investing Activities	-5.86	-5.73	-3.06	-0.16	-1.26	-6.01	-2.07	-1.15	-13	4.59
Purchase of Property, Plant & Equipment	-5.86	-5.73	-2.85	0.24	-1.26	-4.75	-1.26	-0.83	-12	5.95
Acquisitions	-	-	-0.21	-0.40	-	-1.26	-0.81	-0.34	-0.80	-1.37
Net Cash From Financing Activities	-3.64	35	-2.04	9.42	6.08	-25	7.61	-9.84	0.58	-5.15
Net Cash From Continuing Financing Activities	-3.64	35	-2.04	9.42	6.08	-25	7.61	-9.84	0.58	-5.15
Repayment of Debt	-0.26	-31	-64	-61	-72	-104	-83	-84	-89	-92
Payment of Dividends	-0.43	0.08	-0.03	-0.45	0.48	-0.11	0.00	-3.97	-0.72	-0.94
Issuance of Debt	-4.42	48	60	62	61	77	91	77	83	96
Issuance of Common Equity	2.86	18	3.97	9.45	10	0.19	1.26	0.32	7.81	-6.63
Other Financing Activities, net	-1.39	-0.45	-2.19	-0.12	5.63	2.40	-2.27	0.80	-0.25	-0.63
Cash Interest Paid	1.16	1.42	1.29	2.54	2.75	2.18	1.37	2.04	1.61	1.52

This table presents SkyWater Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	1/1/2023	12/31/2023	12/29/2024
Total Assets	306	317	314
Total Current Assets	117	146	132
Cash & Equivalents	30	18	19
Accounts Receivable	28	66	54
Inventories, net	13	15	15
Prepaid Expenses	10	17	23
Other Current Assets	35	30	21
Plant, Property, & Equipment, net	180	159	165
Total Noncurrent Assets	9.30	11	16
Intangible Assets	5.61	5.67	7.78
Other Noncurrent Operating Assets	3.69	5.34	8.49
Total Liabilities & Shareholders' Equity	306	317	314
Total Liabilities	252	256	250
Total Current Liabilities	132	144	154
Short-Term Debt	58	27	33
Accounts Payable	21	20	30
Accrued Expenses	25	48	37
Current Deferred Revenue	28	50	55
Total Noncurrent Liabilities	120	112	96
Long-Term Debt	35	36	35
Noncurrent Deferred Revenue	68	66	52
Noncurrent Deferred & Payable Income Tax Liabilities	1.24	0.68	0.63
Other Noncurrent Operating Liabilities	14	9.33	8.72
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	54	61	63
Total Preferred & Common Equity	54	54	58
Preferred Stock	0.00	0.00	0.00
Total Common Equity	54	54	58
Common Stock	148	179	190
Retained Earnings	-94	-125	-132
Noncontrolling Interest	0.31	6.96	5.88

This table presents SkyWater Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	10/2/2022	4/2/2023	7/2/2023	10/1/2023	3/31/2024	6/30/2024	9/29/2024
Total Assets	271	293	299	300	312	290	315
Total Current Assets	77	108	118	124	143	121	140
Cash & Equivalents	9.32	14	16	17	20	18	21
Accounts Receivable	49	67	77	43	58	52	61
Inventories, net	12	14	16	17	16	15	14
Prepaid Expenses	6.12	12	9.07	8.65	25	17	15
Current Deferred & Refundable Income Taxes	0.74	0.17	0.11	0.12	0.08	0.26	0.00
Other Current Assets	-	-	-	38	25	18	29
Plant, Property, & Equipment, net	184	175	170	166	157	157	163
Total Noncurrent Assets	9.87	9.61	11	9.90	12	13	12
Intangible Assets	6.09	5.32	5.22	4.84	6.32	6.80	7.22
Other Noncurrent Operating Assets	3.78	4.29	5.52	5.05	5.69	6.02	4.91
Total Liabilities & Shareholders' Equity	271	293	299	300	312	290	315
Total Liabilities	235	235	236	232	253	234	247
Total Current Liabilities	73	123	130	128	149	134	160
Short-Term Debt	1.05	54	56	49	36	29	25
Accounts Payable	19	14	14	14	26	19	30
Accrued Expenses	29	26	32	39	31	33	31
Current Deferred Revenue	24	28	28	25	56	53	73
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	0.39
Total Noncurrent Liabilities	162	113	105	104	104	100	86
Long-Term Debt	73	35	35	38	36	37	36
Noncurrent Deferred Revenue	74	63	60	56	59	53	41
Noncurrent Deferred & Payable Income Tax Liabilities	0.97	1.24	1.20	1.12	0.62	0.57	0.38
Other Noncurrent Operating Liabilities	11	14	9.60	9.47	9.20	8.91	8.78
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	36	57	63	68	59	57	69
Total Preferred & Common Equity	36	56	59	63	51	51	56
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	36	56	59	63	51	51	56
Common Stock	127	155	167	178	182	184	187
Retained Earnings	-91	-99	-107	-115	-131	-133	-131
Noncontrolling Interest	-0.37	0.99	3.56	4.95	8.06	5.36	12

This table displays calculated financial ratios and metrics derived from SkyWater Technology's official financial filings.

Metric	2022	2023	2024
Period end date	1/1/2023	12/31/2023	12/29/2024
Growth Metrics	-	-	-
Revenue Growth	30.76%	34.63%	19.39%
EBITDA Growth	97.06%	2,486.94%	69.40%
EBIT Growth	41.23%	50.32%	144.36%
NOPAT Growth	47.87%	50.32%	144.36%
Net Income Growth	22.22%	31.94%	89.97%
EPS Growth	44.89%	29.90%	79.41%
Operating Cash Flow Growth	74.32%	170.51%	83.12%
Free Cash Flow Firm Growth	-5,322.83%	101.21%	-280.79%
Invested Capital Growth	283.48%	-9.97%	6.59%
Revenue Q/Q Growth	14.25%	5.16%	-1.06%
EBITDA Q/Q Growth	97.80%	-31.79%	32.94%
EBIT Q/Q Growth	49.30%	-96.31%	420.78%
NOPAT Q/Q Growth	49.30%	-96.31%	420.78%
Net Income Q/Q Growth	39.15%	-31.12%	77.84%
EPS Q/Q Growth	-100.00%	-33.33%	61.11%
Operating Cash Flow Q/Q Growth	41.52%	133.66%	-64.14%
Free Cash Flow Firm Q/Q Growth	-287.10%	103.05%	-108.49%
Invested Capital Q/Q Growth	16.24%	-23.64%	3.12%
Profitability Metrics	-	-	-
Gross Margin	12.19%	20.68%	20.34%
EBITDA Margin	-0.31%	5.55%	7.87%
Operating Margin	-13.98%	-5.16%	1.92%
EBIT Margin	-13.98%	-5.16%	1.92%
Profit (Net Income) Margin	-17.32%	-8.75%	-0.74%
Tax Burden Percent	102.24%	97.97%	110.54%
Interest Burden Percent	121.15%	173.21%	-34.71%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-28.30%	-9.33%	4.23%
ROIC Less NNEP Spread (ROIC-NNEP)	-124.43%	-36.81%	-11.05%
Return on Net Nonoperating Assets (RNNOA)	-36.44%	-34.44%	-8.28%
Return on Equity (ROE)	-64.74%	-43.76%	-4.05%
Cash Return on Invested Capital (CROIC)	-145.57%	1.17%	-2.16%
Operating Return on Assets (OROA)	-10.46%	-4.75%	2.08%
Return on Assets (ROA)	-12.95%	-8.06%	-0.80%
Return on Common Equity (ROCE)	-65.25%	-40.99%	-3.63%
Return on Equity Simple (ROE_SIMPLE)	-68.70%	-46.69%	-4.37%
Net Operating Profit after Tax (NOPAT)	-21	-10	4.59
NOPAT Margin	-9.79%	-3.61%	1.34%
Net Nonoperating Expense Percent (NNEP)	96.13%	27.48%	15.28%
Return On Investment Capital (ROIC_SIMPLE)	-14.19%	-8.38%	3.51%
Cost of Revenue to Revenue	87.81%	79.32%	79.66%
SG&A Expenses to Revenue	21.74%	22.29%	14.03%
R&D to Revenue	4.43%	3.55%	4.39%
Operating Expenses to Revenue	26.17%	25.84%	18.43%
Earnings before Interest and Taxes (EBIT)	-30	-15	6.56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.67	16	27
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	5.51	8.42	12.33
Price to Tangible Book Value (P/TBV)	6.16	9.41	14.26
Price to Revenue (P/Rev)	1.39	1.58	2.08
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.07	4.79	6.83
Enterprise Value to Revenue (EV/Rev)	1.69	1.76	2.24
Enterprise Value to EBITDA (EV/EBITDA)	0.00	31.69	28.41
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	116.62
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	166.60
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	49.97	41.44
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	388.91	0.00
Leverage & Solvency	-	-	-
Debt to Equity	1.72	1.04	1.06
Long-Term Debt to Equity	0.65	0.59	0.55
Financial Leverage	0.29	0.94	0.75
Leverage Ratio	5.00	5.43	5.08
Compound Leverage Factor	6.06	9.40	-1.76
Debt to Total Capital	63.24%	50.87%	51.51%
Short-Term Debt to Total Capital	39.28%	21.65%	25.01%
Long-Term Debt to Total Capital	23.96%	29.22%	26.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.21%	5.63%	4.49%
Common Equity to Total Capital	36.55%	43.50%	44.00%
Debt to EBITDA	-139.42	3.95	2.50
Net Debt to EBITDA	-94.34	2.80	1.80
Long-Term Debt to EBITDA	-52.82	2.27	1.29
Debt to NOPAT	-4.46	-6.07	14.69
Net Debt to NOPAT	-3.02	-4.29	10.58
Long-Term Debt to NOPAT	-1.69	-3.49	7.56
Altman Z-Score	0.59	1.27	2.19
Noncontrolling Interest Sharing Ratio	-0.78%	6.34%	10.34%
Liquidity Ratios	-	-	-
Current Ratio	0.88	1.02	0.86
Quick Ratio	0.44	0.58	0.47
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-107	1.30	-2.34
Operating Cash Flow to CapEx	-83.84%	116.98%	234.09%
Free Cash Flow to Firm to Interest Expense	-17.03	0.12	-0.27
Operating Cash Flow to Interest Expense	-2.27	0.93	2.09
Operating Cash Flow Less CapEx to Interest Expense	-4.98	0.14	1.20
Efficiency Ratios	-	-	-
Asset Turnover	0.75	0.92	1.09
Accounts Receivable Turnover	6.32	6.10	5.69
Inventory Turnover	12.10	15.83	18.25
Fixed Asset Turnover	0.00	1.69	2.11
Accounts Payable Turnover	13.01	11.17	11.08
Days Sales Outstanding (DSO)	57.79	59.84	64.14
Days Inventory Outstanding (DIO)	30.16	23.06	20.00
Days Payable Outstanding (DPO)	28.05	32.68	32.94
Cash Conversion Cycle (CCC)	59.89	50.23	51.20
Capital & Investment Metrics	-	-	-
Invested Capital	117	105	112
Invested Capital Turnover	2.89	2.58	3.15
Increase / (Decrease) in Invested Capital	86	-12	6.93
Enterprise Value (EV)	359	504	765
Market Capitalization	296	452	711
Book Value per Share	$1.29	$1.14	$1.21
Tangible Book Value per Share	$1.15	$1.02	$1.05
Total Capital	147	124	131
Total Debt	93	63	67
Total Long-Term Debt	35	36	35
Net Debt	63	44	49
Capital Expenditures (CapEx)	17	8.62	7.89
Debt-free, Cash-free Net Working Capital (DFCFNWC)	12	11	-8.35
Debt-free Net Working Capital (DFNWC)	42	29	10
Net Working Capital (NWC)	-16	2.18	-22
Net Nonoperating Expense (NNE)	16	15	7.11
Net Nonoperating Obligations (NNO)	63	44	49
Total Depreciation and Amortization (D&A)	29	31	20
Debt-free, Cash-free Net Working Capital to Revenue	5.65%	3.68%	-2.44%
Debt-free Net Working Capital to Revenue	19.75%	10.09%	3.07%
Net Working Capital to Revenue	-7.34%	0.76%	-6.50%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.97)	($0.68)	($0.14)
Adjusted Weighted Average Basic Shares Outstanding	40.84M	45.51M	47.40M
Adjusted Diluted Earnings per Share	($0.97)	($0.68)	($0.14)
Adjusted Weighted Average Diluted Shares Outstanding	40.84M	45.51M	47.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	43.91M	47.28M	48.00M
Normalized Net Operating Profit after Tax (NOPAT)	-21	-10	4.59
Normalized NOPAT Margin	-9.79%	-3.61%	1.34%
Pre Tax Income Margin	-16.94%	-8.93%	-0.67%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-4.73	-1.37	0.74
NOPAT to Interest Expense	-3.31	-0.96	0.52
EBIT Less CapEx to Interest Expense	-7.44	-2.16	-0.15
NOPAT Less CapEx to Interest Expense	-6.02	-1.75	-0.37
Payout Ratios	-	-	-
Dividend Payout Ratio	-3.29%	-0.43%	-223.32%
Augmented Payout Ratio	-4.53%	-0.43%	-223.32%

This table displays calculated financial ratios and metrics derived from SkyWater Technology's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	10/2/2022	1/1/2023	4/2/2023	7/2/2023	10/1/2023	12/31/2023	3/31/2024	6/30/2024	9/29/2024	12/29/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	49.40%	68.91%	37.35%	47.26%	36.88%	21.61%	20.49%	33.69%	30.99%	-4.63%
EBITDA Growth	144.73%	144.62%	179.86%	212.86%	55.13%	-81.05%	-50.05%	41.35%	176.14%	385.22%
EBIT Growth	57.79%	104.71%	92.66%	67.96%	17.52%	-557.22%	-101.00%	139.45%	212.36%	144.55%
NOPAT Growth	57.79%	104.71%	92.66%	67.96%	17.52%	-557.22%	-101.00%	139.45%	255.03%	141.67%
Net Income Growth	49.87%	90.65%	77.35%	46.43%	-1.58%	-243.46%	-29.89%	85.36%	139.81%	105.26%
EPS Growth	100.00%	-100.00%	76.19%	40.63%	5.88%	-283.33%	-20.00%	78.95%	118.75%	95.65%
Operating Cash Flow Growth	222.15%	55.05%	-2.72%	-125.47%	-146.52%	482.95%	64.60%	235.03%	491.79%	-104.03%
Free Cash Flow Firm Growth	108.06%	-476.84%	38.57%	-191.36%	-507.39%	108.76%	187.20%	197.40%	183.57%	-169.49%
Invested Capital Growth	-11.78%	283.48%	20.26%	30.71%	37.04%	-9.97%	-16.35%	-23.93%	-21.06%	6.59%
Revenue Q/Q Growth	10.38%	24.39%	1.55%	5.62%	2.60%	10.51%	0.61%	17.19%	0.52%	-19.54%
EBITDA Q/Q Growth	158.77%	320.32%	-27.65%	-36.85%	-19.22%	-48.67%	90.76%	78.69%	57.81%	-9.80%
EBIT Q/Q Growth	54.13%	125.62%	-184.10%	-224.11%	-18.09%	-42.04%	63.03%	163.61%	236.36%	-43.68%
NOPAT Q/Q Growth	54.13%	125.62%	-184.10%	-224.11%	-18.09%	-42.04%	63.03%	163.61%	364.09%	-61.82%
Net Income Q/Q Growth	46.64%	62.36%	-45.79%	-82.95%	-1.20%	-27.25%	44.86%	79.38%	375.18%	-83.18%
EPS Q/Q Growth	46.88%	64.71%	-66.67%	-90.00%	15.79%	-43.75%	47.83%	66.67%	175.00%	-133.33%
Operating Cash Flow Q/Q Growth	355.83%	-205.54%	-33.74%	37.56%	47.21%	968.72%	-112.36%	338.20%	53.16%	-108.93%
Free Cash Flow Firm Q/Q Growth	182.44%	-966.80%	72.87%	-50.29%	-15.27%	118.63%	170.22%	67.86%	-1.10%	-115.49%
Invested Capital Q/Q Growth	-4.60%	16.24%	13.92%	3.47%	0.02%	-23.64%	5.85%	-5.91%	3.79%	3.12%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	15.82%	25.43%	24.92%	23.87%	19.75%	15.17%	16.30%	18.34%	21.57%	25.56%
EBITDA Margin	4.16%	14.05%	10.01%	5.98%	4.71%	2.19%	4.15%	6.33%	9.93%	11.13%
Operating Margin	-9.71%	2.00%	-1.66%	-5.08%	-5.85%	-7.52%	-2.76%	1.50%	5.02%	3.51%
EBIT Margin	-9.71%	2.00%	-1.66%	-5.08%	-5.85%	-7.52%	-2.76%	1.50%	5.02%	3.51%
Profit (Net Income) Margin	-12.42%	-3.76%	-5.40%	-9.35%	-9.22%	-10.61%	-5.82%	-1.02%	2.80%	0.59%
Tax Burden Percent	101.36%	153.55%	100.00%	100.38%	98.57%	94.92%	100.89%	88.26%	96.58%	65.48%
Interest Burden Percent	126.20%	-122.35%	325.66%	183.12%	159.82%	148.68%	208.59%	-77.29%	57.78%	25.45%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.42%	34.52%
Return on Invested Capital (ROIC)	-11.82%	4.05%	-2.20%	-7.42%	-9.38%	-13.60%	-4.75%	2.80%	13.61%	7.25%
ROIC Less NNEP Spread (ROIC-NNEP)	-18.13%	-16.08%	-6.23%	-13.09%	-14.84%	-21.49%	-9.60%	-0.35%	10.12%	4.47%
Return on Net Nonoperating Assets (RNNOA)	-13.96%	-4.71%	-8.24%	-18.56%	-19.18%	-20.11%	-10.48%	-0.36%	8.17%	3.35%
Return on Equity (ROE)	-25.77%	-0.66%	-10.44%	-25.98%	-28.55%	-33.71%	-15.23%	2.45%	21.78%	10.60%
Cash Return on Invested Capital (CROIC)	-25.83%	-145.57%	-27.56%	-31.48%	-35.68%	1.17%	8.70%	20.86%	22.38%	-2.16%
Operating Return on Assets (OROA)	-6.67%	1.50%	-1.36%	-4.48%	-5.59%	-6.93%	-2.74%	1.65%	5.65%	3.81%
Return on Assets (ROA)	-8.53%	-2.81%	-4.41%	-8.23%	-8.81%	-9.78%	-5.77%	-1.12%	3.15%	0.64%
Return on Common Equity (ROCE)	-26.09%	-0.66%	-10.40%	-25.15%	-27.29%	-31.57%	-14.05%	2.26%	19.01%	9.50%
Return on Equity Simple (ROE_SIMPLE)	-166.21%	0.00%	-43.71%	-32.09%	-30.44%	0.00%	-50.95%	-40.01%	-20.23%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.56	0.91	-0.77	-2.48	-2.93	-4.17	-1.54	0.98	4.55	1.74
NOPAT Margin	-6.80%	1.40%	-1.16%	-3.56%	-4.10%	-5.26%	-1.93%	1.05%	4.85%	2.30%
Net Nonoperating Expense Percent (NNEP)	6.31%	20.13%	4.04%	5.67%	5.46%	7.89%	4.85%	3.15%	3.49%	2.78%
Return On Investment Capital (ROIC_SIMPLE)	-	0.62%	-	-	-	-3.37%	-	-	-	1.33%
Cost of Revenue to Revenue	84.18%	74.57%	75.08%	76.13%	80.25%	84.83%	83.70%	81.66%	78.43%	74.44%
SG&A Expenses to Revenue	20.60%	20.03%	22.54%	25.53%	22.49%	19.07%	14.03%	13.21%	12.89%	16.47%
R&D to Revenue	4.93%	3.39%	4.04%	3.43%	3.12%	3.63%	5.04%	3.62%	3.66%	5.58%
Operating Expenses to Revenue	25.53%	23.43%	26.57%	28.96%	25.60%	22.69%	19.06%	16.84%	16.55%	22.05%
Earnings before Interest and Taxes (EBIT)	-5.08	1.30	-1.10	-3.55	-4.19	-5.95	-2.20	1.40	4.71	2.65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.18	9.14	6.61	4.18	3.37	1.73	3.30	5.90	9.32	8.40
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.49	5.51	8.85	7.06	0.00	8.42	9.37	7.04	7.64	12.33
Price to Tangible Book Value (P/TBV)	10.19	6.16	9.77	7.74	0.00	9.41	10.68	8.11	8.77	14.26
Price to Revenue (P/Rev)	1.66	1.39	2.16	1.65	0.00	1.58	1.60	1.12	1.24	2.08
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.72	3.07	4.33	3.61	0.00	4.79	4.86	3.97	4.43	6.83
Enterprise Value to Revenue (EV/Rev)	2.00	1.69	2.50	1.96	0.00	1.76	1.80	1.28	1.39	2.24
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	40.49	22.49	0.00	31.69	42.97	29.03	23.78	28.41
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	116.62
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	166.60
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	49.97	31.36	12.40	9.36	41.44
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	388.91	50.89	16.43	17.47	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.04	1.72	1.56	1.45	1.29	1.04	1.21	1.17	0.89	1.06
Long-Term Debt to Equity	2.01	0.65	0.61	0.55	0.56	0.59	0.60	0.66	0.53	0.55
Financial Leverage	0.77	0.29	1.32	1.42	1.29	0.94	1.09	1.03	0.81	0.75
Leverage Ratio	4.48	5.00	5.38	5.72	5.49	5.43	5.18	4.92	4.51	5.08
Compound Leverage Factor	5.65	-6.12	17.51	10.48	8.78	8.07	10.80	-3.80	2.60	1.29
Debt to Total Capital	67.14%	63.24%	60.88%	59.13%	56.25%	50.87%	54.76%	53.84%	47.02%	51.51%
Short-Term Debt to Total Capital	0.96%	39.28%	36.92%	36.53%	31.92%	21.65%	27.60%	23.45%	19.05%	25.01%
Long-Term Debt to Total Capital	66.18%	23.96%	23.96%	22.60%	24.33%	29.22%	27.16%	30.39%	27.96%	26.50%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.34%	0.21%	0.67%	2.31%	3.19%	5.63%	6.14%	4.35%	9.58%	4.49%
Common Equity to Total Capital	33.20%	36.55%	38.45%	38.56%	40.55%	43.50%	39.10%	41.81%	43.41%	44.00%
Debt to EBITDA	-2.43	-139.42	6.28	4.12	3.74	3.95	5.71	4.63	3.00	2.50
Net Debt to EBITDA	-2.13	-94.34	5.31	3.38	3.00	2.80	4.12	3.35	1.98	1.80
Long-Term Debt to EBITDA	-2.40	-52.82	2.47	1.57	1.62	2.27	2.83	2.61	1.79	1.29
Debt to NOPAT	-1.79	-4.46	-8.01	-15.43	-16.54	-6.07	-6.46	-8.65	-42.49	14.69
Net Debt to NOPAT	-1.57	-3.02	-6.77	-12.69	-13.25	-4.29	-4.67	-6.25	-28.04	10.58
Long-Term Debt to NOPAT	-1.77	-1.69	-3.15	-5.90	-7.16	-3.49	-3.21	-4.88	-25.27	7.56
Altman Z-Score	0.97	0.92	1.52	1.32	0.00	1.36	1.47	1.37	1.53	2.15
Noncontrolling Interest Sharing Ratio	-1.23%	-0.78%	0.29%	3.16%	4.41%	6.34%	7.74%	7.45%	12.72%	10.34%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.06	0.88	0.88	0.91	0.97	1.02	0.96	0.90	0.87	0.86
Quick Ratio	0.80	0.44	0.66	0.72	0.48	0.58	0.52	0.53	0.51	0.47
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	9.86	-85	-23	-35	-40	7.48	20	34	34	-5.20
Operating Cash Flow to CapEx	133.98%	-144.71%	-388.85%	0.00%	-290.92%	667.71%	-311.68%	1,130.23%	121.57%	0.00%
Free Cash Flow to Firm to Interest Expense	7.41	-29.51	-9.38	-11.81	-16.02	2.58	8.46	13.67	16.88	-2.63
Operating Cash Flow to Interest Expense	5.90	-2.86	-4.49	-2.35	-1.46	10.95	-1.64	3.77	7.20	-0.65
Operating Cash Flow Less CapEx to Interest Expense	1.50	-4.84	-5.64	-2.26	-1.96	9.31	-2.17	3.43	1.28	2.36
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.69	0.75	0.82	0.88	0.96	0.92	0.99	1.10	1.13	1.09
Accounts Receivable Turnover	4.43	6.32	4.03	3.99	5.89	6.10	4.81	5.01	6.65	5.69
Inventory Turnover	8.98	12.10	13.65	14.01	14.48	15.83	16.34	17.46	18.25	18.25
Fixed Asset Turnover	1.01	0.00	1.27	1.42	1.56	1.69	1.81	1.98	2.10	2.11
Accounts Payable Turnover	12.36	13.01	18.81	13.94	12.47	11.17	12.27	16.13	12.72	11.08
Days Sales Outstanding (DSO)	82.38	57.79	90.66	91.49	61.95	59.84	75.93	72.90	54.89	64.14
Days Inventory Outstanding (DIO)	40.63	30.16	26.74	26.05	25.21	23.06	22.34	20.90	20.00	20.00
Days Payable Outstanding (DPO)	29.54	28.05	19.41	26.19	29.28	32.68	29.75	22.62	28.70	32.94
Cash Conversion Cycle (CCC)	93.47	59.89	97.99	91.36	57.88	50.23	68.52	71.18	46.20	51.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	100	117	133	138	138	105	111	105	109	112
Invested Capital Turnover	1.74	2.89	1.90	2.08	2.29	2.58	2.46	2.67	2.81	3.15
Increase / (Decrease) in Invested Capital	-13	86	22	32	37	-12	-22	-33	-29	6.93
Enterprise Value (EV)	374	359	576	497	0.00	504	541	415	482	765
Market Capitalization	309	296	500	419	0.00	452	481	362	429	711
Book Value per Share	$0.90	$1.29	$1.29	$1.33	$1.35	$1.14	$1.09	$1.09	$1.18	$1.21
Tangible Book Value per Share	$0.75	$1.15	$1.17	$1.22	$1.25	$1.02	$0.95	$0.94	$1.03	$1.05
Total Capital	110	147	147	154	155	124	131	123	129	131
Total Debt	74	93	89	91	87	63	72	66	61	67
Total Long-Term Debt	73	35	35	35	38	36	36	37	36	35
Net Debt	64	63	76	75	70	44	52	48	40	49
Capital Expenditures (CapEx)	5.86	5.73	2.85	-0.24	1.26	4.75	1.26	0.83	12	-5.95
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3.89	12	26	28	28	11	10	-2.76	-16	-8.35
Debt-free Net Working Capital (DFNWC)	5.44	42	39	44	46	29	30	16	4.59	10
Net Working Capital (NWC)	4.39	-16	-15	-12	-3.93	2.18	-5.80	-13	-20	-22
Net Nonoperating Expense (NNE)	2.94	3.36	2.80	4.04	3.67	4.23	3.09	1.94	1.92	1.29
Net Nonoperating Obligations (NNO)	64	63	76	75	70	44	52	48	40	49
Total Depreciation and Amortization (D&A)	7.26	7.84	7.71	7.73	7.57	7.69	5.51	4.50	4.61	5.75
Debt-free, Cash-free Net Working Capital to Revenue	-2.08%	5.65%	11.11%	11.07%	10.35%	3.68%	3.48%	-0.85%	-4.65%	-2.44%
Debt-free Net Working Capital to Revenue	2.92%	19.75%	17.10%	17.46%	16.71%	10.09%	10.14%	4.82%	1.33%	3.07%
Net Working Capital to Revenue	2.35%	-7.34%	-6.39%	-4.73%	-1.44%	0.76%	-1.93%	-4.09%	-5.80%	-6.50%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($170,000.00)	($0.06)	($0.10)	($0.19)	($0.16)	($0.23)	($0.12)	($0.04)	$0.03	($0.01)
Adjusted Weighted Average Basic Shares Outstanding	40.67M	40.84M	43.82M	44.74M	46.45M	45.51M	47.10M	47.39M	47.52M	47.40M
Adjusted Diluted Earnings per Share	($170,000.00)	($0.06)	($0.10)	($0.19)	($0.16)	($0.23)	($0.12)	($0.04)	$0.03	($0.01)
Adjusted Weighted Average Diluted Shares Outstanding	40.67M	40.84M	43.82M	44.74M	46.45M	45.51M	47.10M	47.39M	47.64M	47.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	41.62M	43.91M	44.47M	46.28M	47.02M	47.28M	47.35M	47.48M	47.66M	48.00M
Normalized Net Operating Profit after Tax (NOPAT)	-3.56	0.91	-0.77	-2.48	-2.93	-4.17	-1.54	0.98	4.55	1.74
Normalized NOPAT Margin	-6.80%	1.40%	-1.16%	-3.56%	-4.10%	-5.26%	-1.93%	1.05%	4.85%	2.30%
Pre Tax Income Margin	-12.25%	-2.45%	-5.40%	-9.31%	-9.35%	-11.18%	-5.77%	-1.16%	2.90%	0.89%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-3.82	0.45	-0.44	-1.20	-1.67	-2.05	-0.92	0.56	2.37	1.34
NOPAT to Interest Expense	-2.67	0.31	-0.31	-0.84	-1.17	-1.44	-0.64	0.39	2.29	0.88
EBIT Less CapEx to Interest Expense	-8.22	-1.53	-1.60	-1.12	-2.17	-3.69	-1.45	0.23	-3.55	4.35
NOPAT Less CapEx to Interest Expense	-7.08	-1.66	-1.46	-0.76	-1.67	-3.08	-1.17	0.06	-3.64	3.89
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-3.72%	-3.29%	-3.67%	-4.33%	0.43%	-0.43%	3.90%	-12.13%	-32.50%	-223.32%
Augmented Payout Ratio	-3.72%	-4.53%	-3.67%	-4.33%	0.43%	-0.43%	3.90%	-12.13%	-32.50%	-223.32%

Frequently Asked Questions About SkyWater Technology's Financials

When does SkyWater Technology's financial year end?

According to the most recent income statement we have on file, SkyWater Technology's fiscal year ends in December. Their fiscal year 2024 ended on December 29, 2024.

How has SkyWater Technology's net income changed over the last 2 years?

SkyWater Technology's net income appears to be on a downward trend, with a most recent value of -$2.52 million in 2024, falling from -$36.87 million in 2022. The previous period was -$25.09 million in 2023. See where experts think SkyWater Technology is headed by visiting SkyWater Technology's forecast page.

What is SkyWater Technology's operating income?

SkyWater Technology's total operating income in 2024 was $6.56 million, based on the following breakdown:

Total Gross Profit: $69.63 million
Total Operating Expenses: $63.07 million

How has SkyWater Technology revenue changed over the last 2 years?

Over the last 2 years, SkyWater Technology's total revenue changed from $212.94 million in 2022 to $342.27 million in 2024, a change of 60.7%.

How much debt does SkyWater Technology have?

SkyWater Technology's total liabilities were at $250.29 million at the end of 2024, a 2.3% decrease from 2023, and a 0.6% decrease since 2022.

How much cash does SkyWater Technology have?

In the past 2 years, SkyWater Technology's cash and equivalents has ranged from $18.38 million in 2023 to $30.03 million in 2022, and is currently $18.84 million as of their latest financial filing in 2024.

How has SkyWater Technology's book value per share changed over the last 2 years?

Over the last 2 years, SkyWater Technology's book value per share changed from 1.29 in 2022 to 1.21 in 2024, a change of -6.2%.

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This page (NASDAQ:SKYT) was last updated on 5/5/2025 by MarketBeat.com Staff

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SkyWater Technology (SKYT) Financials

Frequently Asked Questions About SkyWater Technology's Financials

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SkyWater Technology (SKYT) Financials

Annual Income Statements for SkyWater Technology

Quarterly Income Statements for SkyWater Technology

Annual Cash Flow Statements for SkyWater Technology

Quarterly Cash Flow Statements for SkyWater Technology

Annual Balance Sheets for SkyWater Technology

Quarterly Balance Sheets for SkyWater Technology

Annual Metrics and Ratios for SkyWater Technology

Quarterly Metrics and Ratios for SkyWater Technology

Frequently Asked Questions About SkyWater Technology's Financials

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