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SkyWater Technology (SKYT) Financials

SkyWater Technology logo
$32.46 0.00 (0.00%)
As of 07/31/2026
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Annual Income Statements for SkyWater Technology

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 2020 2021 2022 2023 2024
Period end date 1/3/2021 1/2/2022 1/1/2023 12/31/2023 12/29/2024
Net Income / (Loss) Attributable to Common Shareholders		 -21 -51 -40 -31 -6.79
Consolidated Net Income / (Loss)		 -20 -47 -37 -25 -2.52
Net Income / (Loss) Continuing Operations		 -20 -47 -37 -25 -2.52
Total Pre-Tax Income 		-15 -54 -36 -26 -2.28
Total Operating Income		 -8.64 -57 -30 -15 6.56
Total Gross Profit		 23 -7.47 26 59 70
Total Revenue		 140 163 213 287 342
Operating Revenue		 140 163 213 287 342
Total Cost of Revenue		 118 170 187 227 273
Operating Cost of Revenue		 118 170 187 227 273
Total Operating Expenses		 31 50 56 74 63
Selling, General & Admin Expense		 25 44 46 64 48
Research & Development Expense		 4.21 8.75 9.43 10 15
Total Other Income / (Expense), net		 -6.15 2.91 -6.30 -11 -8.84
Interest Expense		 6.93 3.54 6.30 11 8.84
Income Tax Expense		 4.92 -6.79 0.81 -0.52 0.24
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.90 3.29 2.72 5.66 4.28
Basic Earnings per Share		 ($1.15) ($1.76) ($0.97) ($0.68) ($0.14)
Weighted Average Basic Shares Outstanding		 18M 29.04M 40.84M 45.51M 47.40M
Diluted Earnings per Share		 ($1.15) ($1.76) ($0.97) ($0.68) ($0.14)
Weighted Average Diluted Shares Outstanding		 18M 29.04M 40.84M 45.51M 47.40M
Weighted Average Basic & Diluted Shares Outstanding		 - 39.90M 43.91M 47.28M 48.00M

Quarterly Income Statements for SkyWater Technology

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 10/1/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 9/28/2025 3/29/2026 6/28/2026
Net Income / (Loss) Attributable to Common Shareholders		 -7.57 -10 -5.73 -1.90 1.51 -0.68 -7.35 -9.98 144 -12 -6.38
Consolidated Net Income / (Loss)		 -6.60 -8.40 -4.63 -0.96 2.63 0.44 -6.22 -8.86 145 -11 -5.16
Net Income / (Loss) Continuing Operations		 -6.60 -8.40 -4.63 -0.96 2.63 0.44 -6.22 -8.86 145 -11 -5.16
Total Pre-Tax Income 		-6.70 -8.85 -4.59 -1.08 2.72 0.68 -5.83 -8.12 113 -11 -5.14
Total Operating Income		 -4.19 -5.95 -2.20 1.40 4.71 2.65 -4.02 -6.48 7.85 -5.28 1.91
Total Gross Profit		 14 12 13 17 20 19 14 11 36 32 35
Total Revenue		 72 79 80 93 94 75 61 59 151 161 156
Operating Revenue		 72 79 80 93 94 75 61 59 151 161 156
Total Cost of Revenue		 57 67 67 76 74 56 47 48 115 129 121
Operating Cost of Revenue		 57 67 67 76 74 56 47 48 115 129 121
Total Operating Expenses		 18 18 15 16 16 17 18 17 28 37 33
Selling, General & Admin Expense		 16 15 11 12 12 12 15 14 24 32 28
Research & Development Expense		 2.23 2.87 4.01 3.38 3.43 4.22 3.25 3.37 4.37 5.00 5.66
Total Other Income / (Expense), net		 -2.51 -2.90 -2.39 -2.48 -1.99 -1.98 -1.81 -1.64 105 -6.16 -7.05
Interest Expense		 2.51 2.90 2.39 2.48 1.99 1.98 1.81 1.64 5.32 6.16 7.05
Income Tax Expense		 -0.10 -0.45 0.04 -0.13 0.09 0.23 0.38 0.74 -32 -0.28 0.02
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.97 1.92 1.10 0.94 1.12 1.12 1.13 1.12 1.14 1.16 1.22
Basic Earnings per Share		 ($0.16) ($0.23) ($0.12) ($0.04) $0.03 ($0.01) ($0.15) ($0.21) $2.98 ($0.25) ($0.13)
Weighted Average Basic Shares Outstanding		 46.45M 45.51M 47.10M 47.40M 47.52M 47.40M 47.79M 48.09M 48.28M 48.78M 49.24M
Diluted Earnings per Share		 ($0.16) ($0.23) ($0.12) ($0.04) $0.03 ($0.01) ($0.15) ($0.21) $2.95 ($0.25) ($0.13)
Weighted Average Diluted Shares Outstanding		 46.45M 45.51M 47.10M 47.40M 47.64M 47.40M 47.79M 48.09M 48.77M 48.78M 49.24M
Weighted Average Basic & Diluted Shares Outstanding		 47.02M 47.28M 47.35M 47.48M 47.66M 48.00M 48.04M 48.18M 48.51M 49.20M 49.42M

Annual Cash Flow Statements for SkyWater Technology

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 2020 2021 2022 2023 2024
Period end date 1/3/2021 1/2/2022 1/1/2023 12/31/2023 12/29/2024
Net Change in Cash & Equivalents		 2.83 5.48 17 -12 0.46
Net Cash From Operating Activities		 96 -56 -14 10 18
Net Cash From Continuing Operating Activities		 96 -56 -14 10 18
Net Income / (Loss) Continuing Operations		 -20 -47 -37 -25 -2.52
Consolidated Net Income / (Loss)		 -20 -47 -37 -25 -2.52
Depreciation Expense		 19 27 28 29 19
Amortization Expense		 1.66 0.62 0.91 1.76 1.68
Non-Cash Adjustments To Reconcile Net Income		 -8.86 7.66 -1.07 -25 28
Changes in Operating Assets and Liabilities, net		 104 -44 -5.46 30 -27
Net Cash From Investing Activities		 -88 -30 -17 -10 -11
Net Cash From Continuing Investing Activities		 -88 -30 -17 -10 -11
Purchase of Property, Plant & Equipment		 -86 -31 -17 -8.62 -7.94
Acquisitions		 -4.09 -1.22 -0.40 -1.87 -3.32
Sale of Property, Plant & Equipment		 1.68 2.16 0.00 0.00 0.06
Net Cash From Financing Activities		 -5.19 91 49 -11 -6.79
Net Cash From Continuing Financing Activities		 -5.19 91 49 -11 -6.79
Repayment of Debt		 -56 -7.32 -32 -300 -348
Repurchase of Common Equity		 -20 -1.87 -0.46 0.00 0.00
Payment of Dividends		 -2.47 -2.93 -1.21 -0.11 -5.62
Issuance of Debt		 71 0.00 63 259 347
Issuance of Common Equity		 0.00 104 22 24 2.76
Other Financing Activities, net		 2.49 -1.12 -2.75 5.73 -2.35
Cash Interest Paid		 4.44 2.74 4.44 8.76 6.55
Cash Income Taxes Paid		 0.15 2.92 0.00 0.01 0.11

Quarterly Cash Flow Statements for SkyWater Technology

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 10/1/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 9/28/2025 3/29/2026 6/28/2026
Net Change in Cash & Equivalents		 1.17 1.04 1.62 -1.64 2.32 -1.84 32 -1.86 -18 -0.99 -9.65
Net Cash From Operating Activities		 -3.65 32 -3.92 9.35 14 -1.28 56 -1.67 -47 28 -14
Net Cash From Continuing Operating Activities		 -3.65 32 -3.92 9.35 14 -1.28 56 -1.67 -47 28 -14
Net Income / (Loss) Continuing Operations		 -6.60 -8.40 -4.63 -0.96 2.63 0.44 -6.22 -8.86 145 -11 -5.16
Consolidated Net Income / (Loss)		 -6.60 -8.40 -4.63 -0.96 2.63 0.44 -6.22 -8.86 145 -11 -5.16
Depreciation Expense		 7.09 7.28 5.07 4.06 4.17 5.40 4.51 4.54 12 14 15
Amortization Expense		 0.47 0.41 0.44 0.44 0.44 0.35 0.24 0.24 0.70 0.70 0.70
Non-Cash Adjustments To Reconcile Net Income		 -3.25 -12 15 14 -17 16 17 10 -179 9.98 -30
Changes in Operating Assets and Liabilities, net		 -1.36 44 -20 -8.31 24 -24 40 -7.98 -26 14 4.32
Net Cash From Investing Activities		 -1.26 -6.01 -2.07 -1.15 -13 4.59 -15 -3.59 -88 -10 -14
Net Cash From Continuing Investing Activities		 -1.26 -6.01 -2.07 -1.15 -13 4.59 -15 -3.59 -88 -10 -14
Purchase of Property, Plant & Equipment		 -1.26 -4.75 -1.26 -0.83 -12 5.95 -15 -2.64 -0.83 -9.05 -9.46
Acquisitions		 - -1.26 -0.81 -0.34 -0.80 -1.37 -0.41 -0.95 -87 -1.05 -4.25
Net Cash From Financing Activities		 6.08 -25 7.61 -9.84 0.58 -5.15 -8.39 3.40 117 -19 18
Net Cash From Continuing Financing Activities		 6.08 -25 7.61 -9.84 0.58 -5.15 -8.39 3.40 117 -19 18
Repayment of Debt		 -72 -104 -83 -84 -89 -92 -133 -65 -90 -166 -135
Payment of Dividends		 0.48 -0.11 0.00 -3.97 -0.72 -0.94 -1.60 -0.42 -0.92 -1.52 -0.40
Issuance of Debt		 61 77 91 77 83 96 125 64 205 148 138
Issuance of Common Equity		 10 0.19 1.26 0.32 7.81 -6.63 1.89 -0.53 2.85 2.10 0.43
Other Financing Activities, net		 5.63 2.40 -2.27 0.80 -0.25 -0.63 -0.27 4.50 -0.04 -0.68 16
Cash Interest Paid		 2.75 2.18 1.37 2.04 1.61 1.52 1.02 1.40 3.65 2.81 6.26

Annual Balance Sheets for SkyWater Technology

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 2020 2021 2022 2023 2024 2025
Period end date 1/3/2021 1/2/2022 1/1/2023 12/31/2023 12/29/2024 12/28/2025
Total Assets		 263 264 306 317 312 734
Total Current Assets		 77 74 117 146 130 193
Cash & Equivalents		 7.44 13 30 18 19 23
Accounts Receivable		 30 39 28 66 52 100
Inventories, net		 27 18 13 15 15 25
Prepaid Expenses		 12 3.85 10 17 23 27
Other Current Assets		 - - 35 30 21 18
Plant, Property, & Equipment, net		 178 0.00 180 159 165 512
Total Noncurrent Assets		 8.56 189 9.30 11 16 29
Intangible Assets		 4.56 3.89 5.61 5.67 7.78 9.17
Other Noncurrent Operating Assets		 4.00 185 3.69 5.34 8.49 20
Total Liabilities & Shareholders' Equity		 263 264 306 317 312 734
Total Liabilities		 265 204 252 256 250 538
Total Current Liabilities		 86 48 132 144 154 324
Short-Term Debt		 12 1.84 58 27 33 190
Accounts Payable		 17 7.64 21 20 30 35
Accrued Expenses		 25 17 25 48 37 57
Current Deferred Revenue		 31 21 28 50 55 42
Current Deferred & Payable Income Tax Liabilities		 1.71 - - - - 0.00
Total Noncurrent Liabilities		 178 233 120 112 96 214
Long-Term Debt		 70 58 35 36 35 33
Noncurrent Deferred Revenue		 95 88 68 66 52 149
Noncurrent Deferred & Payable Income Tax Liabilities		 8.06 1.00 1.24 0.68 0.63 6.37
Other Noncurrent Operating Liabilities		 2.00 81 14 9.33 8.72 25
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -1.58 60 54 61 62 196
Total Preferred & Common Equity		 -0.02 61 54 54 56 188
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -0.02 61 54 54 56 188
Common Stock		 3.77 116 148 179 190 203
Retained Earnings		 -3.78 -54 -94 -125 -134 -15
Noncontrolling Interest		 -1.57 -1.20 0.31 6.96 5.88 7.99

Quarterly Balance Sheets for SkyWater Technology

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 4/2/2023 7/2/2023 10/1/2023 3/31/2024 6/30/2024 9/29/2024 3/30/2025 6/29/2025 9/28/2025 3/29/2026 6/28/2026
Total Assets		 293 299 300 312 290 315 327 335 787 733 722
Total Current Assets		 108 118 124 143 121 140 150 156 239 182 180
Cash & Equivalents		 14 16 17 20 18 21 51 49 31 22 13
Accounts Receivable		 67 77 43 58 52 61 39 32 85 89 93
Inventories, net		 14 16 17 16 15 14 14 13 20 26 26
Prepaid Expenses		 12 9.07 8.65 25 17 15 25 42 51 20 17
Other Current Assets		 - - 38 25 18 29 20 19 51 25 31
Plant, Property, & Equipment, net		 175 170 166 157 157 163 163 162 517 510 498
Total Noncurrent Assets		 9.61 11 9.90 12 13 12 14 17 31 41 45
Intangible Assets		 5.32 5.22 4.84 6.32 6.80 7.22 7.79 8.44 8.97 10 14
Other Noncurrent Operating Assets		 4.29 5.52 5.05 5.69 6.02 4.91 5.78 8.73 22 31 31
Total Liabilities & Shareholders' Equity		 293 299 300 312 290 315 327 335 787 733 722
Total Liabilities		 235 236 232 253 234 247 267 283 587 545 537
Total Current Liabilities		 123 130 128 149 134 160 127 148 356 354 318
Short-Term Debt		 54 56 49 36 29 25 26 30 150 177 192
Accounts Payable		 14 14 14 26 19 30 12 15 51 60 36
Accrued Expenses		 26 32 39 31 33 31 28 41 63 64 64
Current Deferred Revenue		 28 28 25 56 53 73 61 61 92 52 25
Current Deferred & Payable Income Tax Liabilities		 - - - - - 0.39 - - - 0.45 0.18
Total Noncurrent Liabilities		 113 105 104 104 100 86 140 135 231 191 219
Long-Term Debt		 35 35 38 36 37 36 34 35 34 32 61
Noncurrent Deferred Revenue		 63 60 56 59 53 41 97 91 164 126 125
Noncurrent Deferred & Payable Income Tax Liabilities		 1.24 1.20 1.12 0.62 0.57 0.38 0.60 0.60 7.90 5.64 5.66
Other Noncurrent Operating Liabilities		 14 9.60 9.47 9.20 8.91 8.78 8.44 8.32 26 27 27
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 57 63 68 59 57 69 59 52 200 188 186
Total Preferred & Common Equity		 56 59 63 51 51 56 53 45 193 180 177
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 56 59 63 51 51 56 53 45 193 180 177
Common Stock		 155 167 178 182 184 187 193 195 200 208 211
Retained Earnings		 -99 -107 -115 -131 -133 -131 -139 -149 -7.28 -27 -34
Noncontrolling Interest		 0.99 3.56 4.95 8.06 5.36 12 6.03 6.73 6.94 7.63 8.45

Annual Metrics And Ratios for SkyWater Technology

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

Metric 2020 2021 2022 2023 2024
Period end date 1/3/2021 1/2/2022 1/1/2023 12/31/2023 12/29/2024
Growth Metrics		 - - - - -
Revenue Growth		 0.00% 15.96% 30.76% 34.63% 19.39%
EBITDA Growth		 0.00% -278.93% 97.06% 2,486.94% 69.40%
EBIT Growth		 0.00% -544.25% 41.23% 50.32% 144.36%
NOPAT Growth		 0.00% -560.77% 47.87% 50.32% 144.36%
Net Income Growth		 0.00% -140.45% 22.22% 31.94% 89.97%
EPS Growth		 0.00% -53.04% 44.89% 29.90% 79.41%
Operating Cash Flow Growth		 0.00% -157.88% 74.32% 170.51% 83.12%
Free Cash Flow Firm Growth		 0.00% 0.00% -5,322.83% 101.21% -280.79%
Invested Capital Growth		 0.00% -57.98% 283.48% -9.97% 6.59%
Revenue Q/Q Growth		 0.00% -0.76% 14.25% 5.16% -1.06%
EBITDA Q/Q Growth		 0.00% -185.56% 97.80% -31.79% 32.94%
EBIT Q/Q Growth		 0.00% -44.49% 49.30% -96.31% 420.78%
NOPAT Q/Q Growth		 0.00% -62.90% 49.30% -96.31% 420.78%
Net Income Q/Q Growth		 0.00% -45.26% 39.15% -31.12% 77.84%
EPS Q/Q Growth		 0.00% 100.00% -100.00% -33.33% 61.11%
Operating Cash Flow Q/Q Growth		 0.00% -70.20% 41.52% 133.66% -64.14%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% -287.10% 103.05% -108.49%
Invested Capital Q/Q Growth		 0.00% -73.26% 16.24% -23.64% 3.12%
Profitability Metrics		 - - - - -
Gross Margin		 16.16% -4.59% 12.19% 20.68% 20.34%
EBITDA Margin		 9.02% -13.92% -0.31% 5.55% 7.87%
Operating Margin		 -6.15% -35.07% -13.98% -5.16% 1.92%
EBIT Margin		 -5.60% -31.10% -13.98% -5.16% 1.92%
Profit (Net Income) Margin		 -14.04% -29.11% -17.32% -8.75% -0.74%
Tax Burden Percent		 133.25% 87.47% 102.24% 97.97% 110.54%
Interest Burden Percent		 188.18% 106.99% 121.15% 173.21% -34.71%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -8.35% -77.66% -28.30% -9.33% 4.23%
ROIC Less NNEP Spread (ROIC-NNEP)		 -26.79% -110.98% -124.43% -36.81% -11.05%
Return on Net Nonoperating Assets (RNNOA)		 1,252.92% -84.84% -36.44% -34.44% -8.28%
Return on Equity (ROE)		 1,244.57% -162.50% -64.74% -43.76% -4.05%
Cash Return on Invested Capital (CROIC)		 0.00% 3.99% -145.57% 1.17% -2.16%
Operating Return on Assets (OROA)		 -2.99% -19.23% -10.46% -4.75% 2.08%
Return on Assets (ROA)		 -7.49% -18.00% -12.95% -8.06% -0.80%
Return on Common Equity (ROCE)		 12.57% -170.21% -65.25% -40.99% -3.63%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -77.55% -68.70% -46.69% -4.37%
Net Operating Profit after Tax (NOPAT)		 -6.05 -40 -21 -10 4.59
NOPAT Margin		 -4.31% -24.55% -9.79% -3.61% 1.34%
Net Nonoperating Expense Percent (NNEP)		 18.45% 33.32% 96.13% 27.48% 15.28%
Return On Investment Capital (ROIC_SIMPLE)		 - - -14.19% -8.38% 3.51%
Cost of Revenue to Revenue		 83.84% 104.59% 87.81% 79.32% 79.66%
SG&A Expenses to Revenue		 17.82% 26.77% 21.74% 22.29% 14.03%
R&D to Revenue		 3.00% 5.37% 4.43% 3.55% 4.39%
Operating Expenses to Revenue		 22.31% 30.48% 26.17% 25.84% 18.43%
Earnings before Interest and Taxes (EBIT)		 -7.86 -51 -30 -15 6.56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 13 -23 -0.67 16 27
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.00 10.36 5.51 8.42 12.33
Price to Tangible Book Value (P/TBV)		 0.00 11.07 6.16 9.41 14.26
Price to Revenue (P/Rev)		 0.69 3.89 1.39 1.58 2.08
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.34 22.32 3.07 4.79 6.83
Enterprise Value to Revenue (EV/Rev)		 1.21 4.17 1.69 1.76 2.24
Enterprise Value to EBITDA (EV/EBITDA)		 13.42 0.00 0.00 31.69 28.41
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 116.62
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 166.60
Enterprise Value to Operating Cash Flow (EV/OCF)		 1.77 0.00 0.00 49.97 41.44
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 331.20 0.00 388.91 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 -51.45 1.01 1.72 1.04 1.06
Long-Term Debt to Equity		 -44.08 0.98 0.65 0.59 0.55
Financial Leverage		 -46.76 0.76 0.29 0.94 0.75
Leverage Ratio		 -166.17 9.03 5.00 5.43 5.08
Compound Leverage Factor		 -312.70 9.66 6.06 9.40 -1.76
Debt to Total Capital		 101.98% 50.14% 63.24% 50.87% 51.51%
Short-Term Debt to Total Capital		 14.61% 1.53% 39.28% 21.65% 25.01%
Long-Term Debt to Total Capital		 87.37% 48.61% 23.96% 29.22% 26.50%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 -1.96% -1.00% 0.21% 5.63% 4.49%
Common Equity to Total Capital		 -0.02% 50.86% 36.55% 43.50% 44.00%
Debt to EBITDA		 6.44 -2.66 -139.42 3.95 2.50
Net Debt to EBITDA		 5.85 -2.09 -94.34 2.80 1.80
Long-Term Debt to EBITDA		 5.51 -2.58 -52.82 2.27 1.29
Debt to NOPAT		 -13.47 -1.51 -4.46 -6.07 14.69
Net Debt to NOPAT		 -12.24 -1.18 -3.02 -4.29 10.58
Long-Term Debt to NOPAT		 -11.54 -1.46 -1.69 -3.49 7.56
Altman Z-Score		 0.59 1.68 0.59 1.27 2.19
Noncontrolling Interest Sharing Ratio		 98.99% -4.74% -0.78% 6.34% 10.34%
Liquidity Ratios		 - - - - -
Current Ratio		 0.89 1.56 0.88 1.02 0.86
Quick Ratio		 0.43 1.09 0.44 0.58 0.47
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 2.05 -107 1.30 -2.34
Operating Cash Flow to CapEx		 114.39% -194.66% -83.84% 116.98% 234.09%
Free Cash Flow to Firm to Interest Expense		 0.00 0.58 -17.03 0.12 -0.27
Operating Cash Flow to Interest Expense		 13.87 -15.72 -2.27 0.93 2.09
Operating Cash Flow Less CapEx to Interest Expense		 1.75 -23.80 -4.98 0.14 1.20
Efficiency Ratios		 - - - - -
Asset Turnover		 0.53 0.62 0.75 0.92 1.09
Accounts Receivable Turnover		 4.68 4.69 6.32 6.10 5.69
Inventory Turnover		 4.33 7.63 12.10 15.83 18.25
Fixed Asset Turnover		 0.79 0.00 0.00 1.69 2.11
Accounts Payable Turnover		 7.01 13.94 13.01 11.17 11.08
Days Sales Outstanding (DSO)		 77.96 77.75 57.79 59.84 64.14
Days Inventory Outstanding (DIO)		 84.22 47.86 30.16 23.06 20.00
Days Payable Outstanding (DPO)		 52.05 26.18 28.05 32.68 32.94
Cash Conversion Cycle (CCC)		 110.12 99.44 59.89 50.23 51.20
Capital & Investment Metrics		 - - - - -
Invested Capital		 72 30 117 105 112
Invested Capital Turnover		 1.94 3.16 2.89 2.58 3.15
Increase / (Decrease) in Invested Capital		 0.00 -42 86 -12 6.93
Enterprise Value (EV)		 170 680 359 504 765
Market Capitalization		 97 634 296 452 711
Book Value per Share		 $0.00 $1.57 $1.29 $1.14 $1.21
Tangible Book Value per Share		 ($0.25) $1.47 $1.15 $1.02 $1.05
Total Capital		 80 120 147 124 131
Total Debt		 82 60 93 63 67
Total Long-Term Debt		 70 58 35 36 35
Net Debt		 74 47 63 44 49
Capital Expenditures (CapEx)		 84 29 17 8.62 7.89
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -5.52 16 12 11 -8.35
Debt-free Net Working Capital (DFNWC)		 1.92 28 42 29 10
Net Working Capital (NWC)		 -9.76 27 -16 2.18 -22
Net Nonoperating Expense (NNE)		 14 7.43 16 15 7.11
Net Nonoperating Obligations (NNO)		 74 -29 63 44 49
Total Depreciation and Amortization (D&A)		 21 28 29 31 20
Debt-free, Cash-free Net Working Capital to Revenue		 -3.93% 9.55% 5.65% 3.68% -2.44%
Debt-free Net Working Capital to Revenue		 1.37% 17.48% 19.75% 10.09% 3.07%
Net Working Capital to Revenue		 -6.95% 16.35% -7.34% 0.76% -6.50%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($1.76) ($0.97) ($0.68) ($0.14)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 29.04M 40.84M 45.51M 47.40M
Adjusted Diluted Earnings per Share		 $0.00 ($1.76) ($0.97) ($0.68) ($0.14)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 29.04M 40.84M 45.51M 47.40M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 39.90M 43.91M 47.28M 48.00M
Normalized Net Operating Profit after Tax (NOPAT)		 -4.58 -42 -21 -10 4.59
Normalized NOPAT Margin		 -3.26% -25.71% -9.79% -3.61% 1.34%
Pre Tax Income Margin		 -10.53% -33.28% -16.94% -8.93% -0.67%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 -1.13 -14.30 -4.73 -1.37 0.74
NOPAT to Interest Expense		 -0.87 -11.29 -3.31 -0.96 0.52
EBIT Less CapEx to Interest Expense		 -13.26 -22.38 -7.44 -2.16 -0.15
NOPAT Less CapEx to Interest Expense		 -13.00 -19.36 -6.02 -1.75 -0.37
Payout Ratios		 - - - - -
Dividend Payout Ratio		 -12.53% -6.17% -3.29% -0.43% -223.32%
Augmented Payout Ratio		 -115.34% -10.11% -4.53% -0.43% -223.32%

Quarterly Metrics And Ratios for SkyWater Technology

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 10/1/2023 12/31/2023 3/31/2024 6/30/2024 9/29/2024 12/29/2024 3/30/2025 6/29/2025 9/28/2025 3/29/2026 6/28/2026
DEI Shares Outstanding		 - - - - - - 47,995,078.00 48,037,024.00 48,175,815.00 48,508,000.00 49,204,602.00
DEI Adjusted Shares Outstanding		 - - - - - - 47,995,078.00 48,037,024.00 48,175,815.00 48,508,000.00 49,204,602.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - -0.15 -0.21 2.99 -0.25 -0.13
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 36.88% 21.61% 20.49% 33.69% 30.99% -4.63% -23.03% -36.72% 60.68% 162.15% 164.76%
EBITDA Growth		 55.13% -81.05% -50.05% 41.35% 176.14% 385.22% -78.06% -128.74% 1,314.89% 1,227.31% 1,160.22%
EBIT Growth		 17.52% -557.22% -101.00% 139.45% 212.36% 144.55% -82.74% -562.71% 2,419.52% -31.20% 129.50%
NOPAT Growth		 17.52% -557.22% -101.00% 139.45% 255.03% 141.67% -82.74% -562.71% 121.19% -31.20% 129.50%
Net Income Growth		 -1.58% -243.46% -29.89% 85.36% 139.81% 105.26% -34.24% -827.43% 5,423.29% -79.35% 41.74%
EPS Growth		 5.88% -283.33% -20.00% 78.95% 118.75% 95.65% -25.00% -425.00% 9,733.33% -66.67% 38.10%
Operating Cash Flow Growth		 -146.52% 482.95% 64.60% 235.03% 491.79% -104.03% 1,526.27% -117.83% -429.65% -50.15% -760.29%
Free Cash Flow Firm Growth		 -507.39% 108.76% 187.20% 197.40% 183.57% -169.49% 98.50% -5.91% -797.07% -873.82% -1,218.20%
Invested Capital Growth		 37.04% -9.97% -16.35% -23.93% -21.06% 6.59% -38.57% -34.81% 224.44% 448.68% 524.76%
Revenue Q/Q Growth		 2.60% 10.51% 0.61% 17.19% 0.52% -19.54% -18.80% -3.64% 155.22% 0.00% -2.68%
EBITDA Q/Q Growth		 -19.22% -48.67% 90.76% 78.69% 57.81% -9.80% -91.37% -334.07% 7,868.12% 0.00% 86.97%
EBIT Q/Q Growth		 -18.09% -42.04% 63.03% 163.61% 236.36% -43.68% -251.66% -61.06% 1,931.49% 0.00% 136.21%
NOPAT Q/Q Growth		 -18.09% -42.04% 63.03% 163.61% 364.09% -61.82% -262.12% -61.06% 321.85% 0.00% 136.21%
Net Income Q/Q Growth		 -1.20% -27.25% 44.86% 79.38% 375.18% -83.18% -1,506.79% -42.44% 1,738.84% 0.00% 53.73%
EPS Q/Q Growth		 15.79% -43.75% 47.83% 66.67% 175.00% -133.33% -1,400.00% -40.00% 1,504.76% 0.00% 48.00%
Operating Cash Flow Q/Q Growth		 47.21% 968.72% -112.36% 338.20% 53.16% -108.93% 4,475.84% -102.98% -2,731.01% 0.00% -151.40%
Free Cash Flow Firm Q/Q Growth		 -15.27% 118.63% 170.22% 67.86% -1.10% -115.49% 871.93% -20.44% -832.74% 0.00% -14.97%
Invested Capital Q/Q Growth		 0.02% -23.64% 5.85% -5.91% 3.79% 3.12% -39.00% -0.14% 416.53% 0.00% 13.71%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 19.75% 15.17% 16.30% 18.34% 21.57% 25.56% 23.26% 18.45% 24.03% 20.01% 22.52%
EBITDA Margin		 4.71% 2.19% 4.15% 6.33% 9.93% 11.13% 1.18% -2.87% 87.45% 5.99% 11.51%
Operating Margin		 -5.85% -7.52% -2.76% 1.50% 5.02% 3.51% -6.56% -10.97% 5.21% -3.28% 1.22%
EBIT Margin		 -5.85% -7.52% -2.76% 1.50% 5.02% 3.51% -6.56% -10.97% 78.71% -3.28% 1.22%
Profit (Net Income) Margin		 -9.22% -10.61% -5.82% -1.02% 2.80% 0.59% -10.14% -15.00% 96.29% -6.94% -3.30%
Tax Burden Percent		 98.57% 94.92% 100.89% 88.26% 96.58% 65.48% 106.58% 109.14% 128.09% 97.52% 100.43%
Interest Burden Percent		 159.82% 148.68% 208.59% -77.29% 57.78% 25.45% 145.05% 125.27% 95.51% 216.71% -268.86%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 3.42% 34.52% 0.00% 0.00% -28.09% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -9.38% -13.60% -4.75% 2.80% 13.61% 7.25% -16.56% -25.71% 10.03% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 -14.84% -21.49% -9.60% -0.35% 10.12% 4.47% -27.75% -39.17% 149.98% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 -19.18% -20.11% -10.48% -0.36% 8.17% 3.35% -14.21% -23.12% 107.92% 0.00% 0.00%
Return on Equity (ROE)		 -28.55% -33.71% -15.23% 2.45% 21.78% 10.60% -30.77% -48.83% 117.94% 0.00% 0.00%
Cash Return on Invested Capital (CROIC)		 -35.68% 1.17% 8.70% 20.86% 22.38% -2.16% 51.48% 39.60% -105.75% -138.34% -144.81%
Operating Return on Assets (OROA)		 -5.59% -6.93% -2.74% 1.65% 5.65% 3.81% -6.65% -10.16% 49.50% 0.00% 0.00%
Return on Assets (ROA)		 -8.81% -9.78% -5.77% -1.12% 3.15% 0.64% -10.28% -13.90% 60.56% 0.00% 0.00%
Return on Common Equity (ROCE)		 -27.29% -31.57% -14.05% 2.26% 19.01% 9.50% -27.12% -43.41% 109.44% 0.00% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 -30.44% 0.00% -50.95% -40.01% -20.23% 0.00% -7.68% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -2.93 -4.17 -1.54 0.98 4.55 1.74 -2.82 -4.53 10 -3.69 1.34
NOPAT Margin		 -4.10% -5.26% -1.93% 1.05% 4.85% 2.30% -4.59% -7.68% 6.67% -2.30% 0.86%
Net Nonoperating Expense Percent (NNEP)		 5.46% 7.89% 4.85% 3.15% 3.49% 2.78% 11.19% 13.46% -139.95% 7.60% 5.06%
Return On Investment Capital (ROIC_SIMPLE)		 - -3.37% - - - 1.33% -2.35% -3.85% 2.62% -0.93% 0.30%
Cost of Revenue to Revenue		 80.25% 84.83% 83.70% 81.66% 78.43% 74.44% 76.74% 81.55% 75.97% 79.99% 77.48%
SG&A Expenses to Revenue		 22.49% 19.07% 14.03% 13.21% 12.89% 16.47% 24.52% 23.72% 15.92% 20.18% 17.68%
R&D to Revenue		 3.12% 3.63% 5.04% 3.62% 3.66% 5.58% 5.30% 5.70% 2.90% 3.11% 3.62%
Operating Expenses to Revenue		 25.60% 22.69% 19.06% 16.84% 16.55% 22.05% 29.82% 29.42% 18.82% 23.29% 21.29%
Earnings before Interest and Taxes (EBIT)		 -4.19 -5.95 -2.20 1.40 4.71 2.65 -4.02 -6.48 119 -5.28 1.91
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 3.37 1.73 3.30 5.90 9.32 8.40 0.73 -1.70 132 9.62 18
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 8.42 9.37 7.04 7.64 12.33 6.34 10.50 4.52 7.27 9.69
Price to Tangible Book Value (P/TBV)		 0.00 9.41 10.68 8.11 8.77 14.26 7.43 12.91 4.74 7.69 10.50
Price to Revenue (P/Rev)		 0.00 1.58 1.60 1.12 1.24 2.08 1.05 1.64 2.51 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6.91 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% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 14.47% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 4.79 4.86 3.97 4.43 6.83 5.17 7.30 2.92 4.01 4.61
Enterprise Value to Revenue (EV/Rev)		 0.00 1.76 1.80 1.28 1.39 2.24 1.09 1.72 2.97 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 31.69 42.97 29.03 23.78 28.41 14.53 29.74 36.21 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 116.62 74.66 0.00 171,812.46 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 166.60 106.66 0.00 131,700.79 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 49.97 31.36 12.40 9.36 41.44 4.52 7.40 176.88 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 388.91 50.89 16.43 17.47 0.00 7.65 14.54 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.29 1.04 1.21 1.17 0.89 1.06 1.01 1.26 0.92 1.12 1.36
Long-Term Debt to Equity		 0.56 0.59 0.60 0.66 0.53 0.55 0.57 0.68 0.17 0.17 0.33
Financial Leverage		 1.29 0.94 1.09 1.03 0.81 0.75 0.51 0.59 0.72 0.79 1.08
Leverage Ratio		 5.49 5.43 5.18 4.92 4.51 5.08 5.38 5.75 4.11 4.29 4.45
Compound Leverage Factor		 8.78 8.07 10.80 -3.80 2.60 1.29 7.80 7.20 3.92 9.29 -11.95
Debt to Total Capital		 56.25% 50.87% 54.76% 53.84% 47.02% 51.51% 50.31% 55.83% 47.92% 52.73% 57.69%
Short-Term Debt to Total Capital		 31.92% 21.65% 27.60% 23.45% 19.05% 25.01% 22.14% 25.81% 38.99% 44.59% 43.79%
Long-Term Debt to Total Capital		 24.33% 29.22% 27.16% 30.39% 27.96% 26.50% 28.17% 30.02% 8.93% 8.14% 13.91%
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% 0.00%
Noncontrolling Interests to Total Capital		 3.19% 5.63% 6.14% 4.35% 9.58% 4.49% 5.04% 5.72% 1.81% 1.92% 1.92%
Common Equity to Total Capital		 40.55% 43.50% 39.10% 41.81% 43.41% 44.00% 44.65% 38.45% 50.27% 45.35% 40.39%
Debt to EBITDA		 3.74 3.95 5.71 4.63 3.00 2.50 2.47 3.92 6.46 0.00 0.00
Net Debt to EBITDA		 3.00 2.80 4.12 3.35 1.98 1.80 0.37 0.97 5.37 0.00 0.00
Long-Term Debt to EBITDA		 1.62 2.27 2.83 2.61 1.79 1.29 1.38 2.11 1.20 0.00 0.00
Debt to NOPAT		 -16.54 -6.07 -6.46 -8.65 -42.49 14.69 18.14 -29.89 23,482.64 0.00 0.00
Net Debt to NOPAT		 -13.25 -4.29 -4.67 -6.25 -28.04 10.58 2.69 -7.42 19,535.61 0.00 0.00
Long-Term Debt to NOPAT		 -7.16 -3.49 -3.21 -4.88 -25.27 7.56 10.16 -16.07 4,377.19 0.00 0.00
Altman Z-Score		 0.00 1.36 1.47 1.37 1.53 2.15 1.20 1.22 1.64 1.08 1.63
Noncontrolling Interest Sharing Ratio		 4.41% 6.34% 7.74% 7.45% 12.72% 10.34% 11.85% 11.11% 7.21% 5.52% 6.38%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.97 1.02 0.96 0.90 0.87 0.86 1.18 1.06 0.67 0.51 0.57
Quick Ratio		 0.48 0.58 0.52 0.53 0.51 0.47 0.71 0.55 0.33 0.31 0.33
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -40 7.48 20 34 34 -5.20 40 32 -234 -310 -357
Operating Cash Flow to CapEx		 -290.92% 667.71% -311.68% 1,130.23% 121.57% 0.00% 378.92% -63.22% -5,685.90% 308.29% -151.60%
Free Cash Flow to Firm to Interest Expense		 -16.02 2.58 8.46 13.67 16.88 -2.63 22.14 19.50 -43.95 -50.41 -50.64
Operating Cash Flow to Interest Expense		 -1.46 10.95 -1.64 3.77 7.20 -0.65 30.89 -1.02 -8.87 4.53 -2.03
Operating Cash Flow Less CapEx to Interest Expense		 -1.96 9.31 -2.17 3.43 1.28 2.36 22.74 -2.63 -9.02 3.06 -3.38
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.96 0.92 0.99 1.10 1.13 1.09 1.01 0.93 0.63 0.00 0.00
Accounts Receivable Turnover		 5.89 6.10 4.81 5.01 6.65 5.69 6.68 6.88 4.76 0.00 0.00
Inventory Turnover		 14.48 15.83 16.34 17.46 18.25 18.25 16.99 16.07 15.31 0.00 0.00
Fixed Asset Turnover		 1.56 1.69 1.81 1.98 2.10 2.11 2.02 1.82 1.02 0.00 0.00
Accounts Payable Turnover		 12.47 11.17 12.27 16.13 12.72 11.08 13.46 13.11 6.52 0.00 0.00
Days Sales Outstanding (DSO)		 61.95 59.84 75.93 72.90 54.89 64.14 54.65 53.08 76.68 0.00 0.00
Days Inventory Outstanding (DIO)		 25.21 23.06 22.34 20.90 20.00 20.00 21.48 22.71 23.84 0.00 0.00
Days Payable Outstanding (DPO)		 29.28 32.68 29.75 22.62 28.70 32.94 27.13 27.85 55.97 0.00 0.00
Cash Conversion Cycle (CCC)		 57.88 50.23 68.52 71.18 46.20 51.20 49.00 47.95 44.54 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 138 105 111 105 109 112 68 68 353 375 427
Invested Capital Turnover		 2.29 2.58 2.46 2.67 2.81 3.15 3.61 3.35 1.50 0.00 0.00
Increase / (Decrease) in Invested Capital		 37 -12 -22 -33 -29 6.93 -43 -36 244 307 358
Enterprise Value (EV)		 0.00 504 541 415 482 765 354 498 1,031 1,505 1,967
Market Capitalization		 0.00 452 481 362 429 711 339 475 871 1,310 1,718
Book Value per Share		 $1.35 $1.14 $1.09 $1.09 $1.18 $1.21 $1.11 $0.94 $3.99 $3.70 $3.60
Tangible Book Value per Share		 $1.25 $1.02 $0.95 $0.94 $1.03 $1.05 $0.95 $0.77 $3.81 $3.49 $3.33
Total Capital		 155 124 131 123 129 131 120 118 384 397 439
Total Debt		 87 63 72 66 61 67 60 66 184 210 253
Total Long-Term Debt		 38 36 36 37 36 35 34 35 34 32 61
Net Debt		 70 44 52 48 40 49 8.94 16 153 187 241
Capital Expenditures (CapEx)		 1.26 4.75 1.26 0.83 12 -5.95 15 2.64 0.83 9.05 9.46
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 28 11 10 -2.76 -16 -8.35 -1.73 -11 1.40 -17 41
Debt-free Net Working Capital (DFNWC)		 46 29 30 16 4.59 10 50 39 32 5.13 54
Net Working Capital (NWC)		 -3.93 2.18 -5.80 -13 -20 -22 23 8.34 -117 -172 -138
Net Nonoperating Expense (NNE)		 3.67 4.23 3.09 1.94 1.92 1.29 3.40 4.32 -135 7.46 6.50
Net Nonoperating Obligations (NNO)		 70 44 52 48 40 49 8.94 16 153 187 241
Total Depreciation and Amortization (D&A)		 7.57 7.69 5.51 4.50 4.61 5.75 4.75 4.78 13 15 16
Debt-free, Cash-free Net Working Capital to Revenue		 10.35% 3.68% 3.48% -0.85% -4.65% -2.44% -0.53% -3.68% 0.40% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 16.71% 10.09% 10.14% 4.82% 1.33% 3.07% 15.28% 13.36% 9.32% 0.00% 0.00%
Net Working Capital to Revenue		 -1.44% 0.76% -1.93% -4.09% -5.80% -6.50% 7.11% 2.88% -33.83% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.16) ($0.23) ($0.12) ($0.04) $0.03 ($0.01) ($0.15) ($0.21) $2.98 ($0.25) ($0.13)
Adjusted Weighted Average Basic Shares Outstanding		 46.45M 45.51M 47.10M 47.39M 47.52M 47.40M 47.79M 48.09M 48.28M 48.78M 49.24M
Adjusted Diluted Earnings per Share		 ($0.16) ($0.23) ($0.12) ($0.04) $0.03 ($0.01) ($0.15) ($0.21) $2.95 ($0.25) ($0.13)
Adjusted Weighted Average Diluted Shares Outstanding		 46.45M 45.51M 47.10M 47.39M 47.64M 47.40M 47.79M 48.09M 48.77M 48.78M 49.24M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 47.02M 47.28M 47.35M 47.48M 47.66M 48.00M 48.04M 48.18M 48.51M 49.20M 49.42M
Normalized Net Operating Profit after Tax (NOPAT)		 -2.93 -4.17 -1.54 0.98 4.55 1.74 -2.82 -4.53 5.50 -3.69 1.34
Normalized NOPAT Margin		 -4.10% -5.26% -1.93% 1.05% 4.85% 2.30% -4.59% -7.68% 3.65% -2.30% 0.86%
Pre Tax Income Margin		 -9.35% -11.18% -5.77% -1.16% 2.90% 0.89% -9.52% -13.74% 75.18% -7.12% -3.29%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -1.67 -2.05 -0.92 0.56 2.37 1.34 -2.22 -3.96 22.29 -0.86 0.27
NOPAT to Interest Expense		 -1.17 -1.44 -0.64 0.39 2.29 0.88 -1.55 -2.77 1.89 -0.60 0.19
EBIT Less CapEx to Interest Expense		 -2.17 -3.69 -1.45 0.23 -3.55 4.35 -10.37 -5.57 22.14 -2.33 -1.07
NOPAT Less CapEx to Interest Expense		 -1.67 -3.08 -1.17 0.06 -3.64 3.89 -9.71 -4.38 1.73 -2.07 -1.15
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.43% -0.43% 3.90% -12.13% -32.50% -223.32% -175.99% -30.62% 2.98% 0.00% 0.00%
Augmented Payout Ratio		 0.43% -0.43% 3.90% -12.13% -32.50% -223.32% -175.99% -30.62% 2.98% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

SkyWater Technology’s latest results show strong revenue growth but continued pressure on profitability and liquidity. Q1 2026 revenue reached $160.7 million, up 6.6% from Q3 2025 and more than double Q1 2025 revenue of $61.3 million. However, the company reported a $11.2 million net loss, or $0.25 per diluted share, compared with net income of $145.2 million, or $2.95 per diluted share, in Q3 2025. The comparison is distorted by Q3 2025’s $110.8 million of other income, which significantly boosted that quarter’s earnings.

Operating performance remains challenging. Q1 2026 gross profit was $32.2 million, representing a 20.0% gross margin, down from 24.0% in Q3 2025 but above the roughly 17% to 18% margins reported in Q1 and Q2 2025. Higher selling, general and administrative expense contributed to a $5.3 million operating loss, while $6.2 million of interest expense pushed the pretax loss to $11.4 million.

Cash generation improved sharply in the latest quarter. Operating cash flow was $27.9 million in Q1 2026, following negative operating cash flow of $47.2 million in Q3 2025 and $1.7 million in Q2 2025. Still, cash declined slightly during Q1 to $22.2 million after $10.1 million of investing outflows and $18.8 million of net financing outflows. The balance sheet also reflects a substantially larger business following major investments or transactions, but leverage and working-capital risks have increased.

  • Revenue momentum improved: Q1 2026 revenue of $160.7 million was more than 2.5 times Q1 2025 revenue and the highest quarterly revenue in the supplied data.
  • Operating cash flow turned positive: SkyWater generated $27.9 million of operating cash flow in Q1 2026, a meaningful recovery from negative operating cash flow in Q2 and Q3 2025.
  • Gross margin remained above early-2025 levels: The 20.0% Q1 2026 gross margin exceeded the 17.8% margin in Q1 2025 and the 18.5% margin in Q2 2025, despite declining sequentially from Q3 2025.
  • Asset capacity expanded: Net property, plant and equipment stood at $510.1 million in Q1 2026, compared with $162.8 million in Q1 2025, indicating a much larger manufacturing and infrastructure base.
  • Deferred revenue is substantial: Current and noncurrent deferred revenue totaled approximately $178.6 million in Q1 2026. This can support future revenue recognition, but investors should monitor how quickly the balance converts into reported sales and cash.
  • Recent earnings comparisons are unusually volatile: Q3 2025 net income included $110.8 million of other income, while Q1 2026 had no comparable benefit. Underlying operating profitability is therefore more informative than headline net income when comparing the periods.
  • Profitability has not yet stabilized: SkyWater has reported net losses in Q1 2026, Q2 2025 and Q1 2025, and operating losses in those quarters. Q1 2026’s $11.2 million net loss also produced negative earnings per share of $0.25.
  • Interest costs are rising: Q1 2026 interest expense was $6.2 million, versus $1.6 million in Q2 2025 and $1.8 million in Q1 2025. Cash interest paid was $2.8 million in the latest quarter, increasing the burden on operating cash flow.
  • Leverage increased materially: Short-term and long-term debt totaled approximately $209.5 million in Q1 2026, compared with $65.7 million in Q2 2025. Q1 financing activity included $147.5 million of new debt issuance and $166.2 million of repayments, highlighting significant refinancing activity.
  • Liquidity is tight: Q1 2026 cash of $22.2 million covered only a fraction of $177.2 million in short-term debt. Total current assets of $182.1 million were also well below total current liabilities of $354.1 million, resulting in a current ratio of roughly 0.5.
08/23/26 08:45 AM ETAI Generated. May Contain Errors.

SkyWater Technology Financials - Frequently Asked Questions

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.

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 -$19.71 million in 2020. The previous period was -$25.09 million in 2023. Check out SkyWater Technology's forecast to explore projected trends and price targets.

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

Over the last 4 years, SkyWater Technology's total revenue changed from $140.44 million in 2020 to $342.27 million in 2024, a change of 143.7%.

SkyWater Technology's total liabilities were at $538.10 million at the end of 2025, a 115.0% increase from 2024, and a 103.2% increase since 2020.

In the past 5 years, SkyWater Technology's cash and equivalents has ranged from $7.44 million in 2020 to $30.03 million in 2022, and is currently $23.22 million as of their latest financial filing in 2025.

Over the last 4 years, SkyWater Technology's book value per share changed from 0.00 in 2020 to 1.21 in 2024, a change of -134,433.3%.


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Financial statements for NASDAQ:SKYT last updated on 8/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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