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6Mar 26, 2026·SEC
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SkyWater Technology, Inc. (SKYT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
SkyWater Technology, Inc. (SKYT) stock price & volume — 10-year historical chart
SkyWater Technology, Inc. (SKYT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
SkyWater Technology, Inc. (SKYT) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 25, 2026 | $0.03vs $0.01-200.0% | $171Mvs $160M+6.8% |
| Q4 2025 | Nov 5, 2025 | $0.24vs $0.17+239.5% | $151Mvs $136M+11.2% |
| Q3 2025 | Aug 6, 2025 | $0.11vs $0.17+35.3% | $59Mvs $57M+2.8% |
| Q2 2025 | May 7, 2025 | $0.08vs $0.13+38.5% | $61Mvs $61M+0.4% |
SkyWater Technology, Inc. (SKYT) competitors in Semiconductor Foundries and Manufacturing Services — business model, growth, and fundamentals comparison
SkyWater Technology, Inc. (SKYT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SkyWater Technology, Inc. (SKYT) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 132.17M | 136.72M | 140.44M | 162.85M | 212.94M | 286.68M | 342.27M | 442.14M |
| Revenue Growth % | - | 3.45% | 2.72% | 15.96% | 30.76% | 34.63% | 19.39% | 29.18% |
| Cost of Goods Sold | 100.83M | 111.38M | 117.75M | 170.32M | 186.97M | 227.39M | 272.64M | 355.21M |
| COGS % of Revenue | 76.29% | 81.46% | 83.84% | 104.59% | 87.81% | 79.32% | 79.66% | 80.34% |
| Gross Profit | 31.34M▲ 0% | 25.35M▼ 19.1% | 22.69M▼ 10.5% | -7.47M▼ 132.9% | 25.97M▲ 447.5% | 59.29M▲ 128.3% | 69.63M▲ 17.4% | 86.93M▲ 24.9% |
| Gross Margin % | 23.71% | 18.54% | 16.16% | -4.59% | 12.19% | 20.68% | 20.34% | 19.66% |
| Gross Profit Growth % | - | -19.11% | -10.47% | -132.93% | 447.52% | 128.34% | 17.43% | 24.86% |
| Operating Expenses | 17.38M | 34.32M | 31.33M | 49.63M | 55.73M | 74.08M | 63.07M | 89.5M |
| OpEx % of Revenue | 13.15% | 25.1% | 22.31% | 30.48% | 26.17% | 25.84% | 18.43% | 20.24% |
| Selling, General & Admin | 15.17M | 18.72M | 25.03M | 43.59M | 46.3M | 63.91M | 48.03M | 74.88M |
| SG&A % of Revenue | 11.48% | 13.69% | 17.82% | 26.77% | 21.74% | 22.29% | 14.03% | 16.94% |
| Research & Development | 2.21M | 6.33M | 4.21M | 8.75M | 9.43M | 10.17M | 15.04M | 14.62M |
| R&D % of Revenue | 1.67% | 4.63% | 3% | 5.37% | 4.43% | 3.55% | 4.39% | 3.31% |
| Other Operating Expenses | 0 | 9.27M | 2.09M | -2.71M | 0 | 0 | 0 | 0 |
| Operating Income | 13.96M▲ 0% | -8.97M▼ 164.3% | -8.64M▲ 3.7% | -57.1M▼ 560.8% | -29.77M▲ 47.9% | -14.79M▲ 50.3% | 6.56M▲ 144.4% | -2.57M▼ 139.2% |
| Operating Margin % | 10.56% | -6.56% | -6.15% | -35.07% | -13.98% | -5.16% | 1.92% | -0.58% |
| Operating Income Growth % | - | -164.29% | 3.67% | -560.77% | 47.87% | 50.32% | 144.36% | -139.19% |
| EBITDA | 29.04M | 7.69M | 10.22M | -29.74M | -1.57M | 14.14M | 25.25M | -2.57M |
| EBITDA Margin % | 21.97% | 5.63% | 7.28% | -18.26% | -0.74% | 4.93% | 7.38% | -0.58% |
| EBITDA Growth % | - | -73.52% | 32.93% | -390.85% | 94.7% | 997.9% | 78.57% | -110.18% |
| D&A (Non-Cash Add-back) | 15.09M | 16.66M | 18.87M | 27.37M | 28.19M | 28.93M | 18.69M | 0 |
| EBIT | 13.96M | -13.43M | -9.3M | -50.65M | -30.87M | -14.79M | 6.56M | 0 |
| Net Interest Income | 0 | -6.55M | -5.5M | -3.54M | -5.19M | -10.83M | -8.84M | 0 |
| Interest Income | 7.84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 6.55M | 5.5M | 3.54M | 5.19M | 10.83M | 8.84M | -13.71M |
| Other Income/Expense | -13.98M | -11.01M | -6.15M | 2.91M | -6.29M | -10.83M | -8.84M | 98.03M |
| Pretax Income | -21K▲ 0% | -19.98M▼ 95033.3% | -14.79M▲ 25.9% | -54.19M▼ 266.3% | -36.06M▲ 33.5% | -25.61M▲ 29.0% | -2.28M▲ 91.1% | 95.46M▲ 4292.4% |
| Pretax Margin % | -0.02% | -14.61% | -10.53% | -33.28% | -16.94% | -8.93% | -0.67% | 21.59% |
| Income Tax | 44K | -3.56M | 4.92M | -6.79M | 809K | -521K | 240K | -27.99M |
| Effective Tax Rate % | -209.52% | 17.81% | -33.25% | 12.53% | -2.24% | 2.03% | -10.54% | -29.32% |
| Net Income | -65K▲ 0% | -16.42M▼ 25160.0% | -20.62M▼ 25.6% | -50.7M▼ 145.9% | -39.59M▲ 21.9% | -30.76M▲ 22.3% | -6.79M▲ 77.9% | 118.92M▲ 1850.6% |
| Net Margin % | -0.05% | -12.01% | -14.68% | -31.13% | -18.59% | -10.73% | -1.98% | 26.9% |
| Net Income Growth % | - | -25160% | -25.57% | -145.89% | 21.9% | 22.32% | 77.91% | 1850.55% |
| Net Income (Continuing) | -65K | -16.42M | -19.71M | -47.4M | -36.87M | -25.09M | -2.52M | 118.92M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | -1.57M | -1.2M | 308K | 6.96M | 5.88M | 7.99M |
| EPS (Diluted) | -0.00▲ 0% | -0.42▼ 24605.9% | -0.50▼ 19.0% | -1.19▼ 138.0% | -0.90▲ 24.4% | -0.68▲ 24.4% | -0.14▲ 79.4% | 2.44▲ 1842.9% |
| EPS Growth % | - | - | -19.05% | -138% | 24.37% | 24.44% | 79.41% | 1842.86% |
| EPS (Basic) | -0.00 | -0.42 | -0.50 | -1.19 | -0.90 | -0.68 | -0.14 | 2.47 |
| Diluted Shares Outstanding | 39.06M | 39.06M | 39.06M | 39.84M | 40.84M | 45.51M | 47.4M | 48.71M |
| Basic Shares Outstanding | 39.06M | 39.06M | 39.06M | 39.84M | 40.84M | 45.51M | 47.4M | 48.18M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
SkyWater Technology, Inc. (SKYT) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 38.26M | 84.52M | 76.57M | 74.4M | 116.55M | 146.38M | 132.08M | 193.07M |
| Cash & Short-Term Investments | 498K | 4.61M | 7.44M | 12.92M | 30.02M | 18.38M | 18.84M | 23.22M |
| Cash Only | 498K | 4.61M | 7.44M | 12.92M | 30.02M | 18.38M | 18.84M | 23.22M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 18.98M | 61.97M | 30M | 40.13M | 62.84M | 95.8M | 76.54M | 100.08M |
| Days Sales Outstanding | 52.42 | 165.43 | 77.96 | 89.94 | 107.71 | 121.97 | 81.62 | 82.62 |
| Inventory | 18.03M | 15.99M | 27.17M | 17.5M | 13.4M | 15.34M | 14.54M | 24.6M |
| Days Inventory Outstanding | 65.27 | 52.41 | 84.22 | 37.5 | 26.15 | 24.62 | 19.46 | 25.28 |
| Other Current Assets | 0 | 25K | 9.21M | 1.58M | 7.77M | 14.19M | 18.18M | 45.16M |
| Total Non-Current Assets | 110.01M | 105.92M | 186.64M | 189.2M | 189.21M | 170.38M | 181.7M | 540.71M |
| Property, Plant & Equipment | 106.55M | 101.87M | 178.08M | 180.47M | 180.06M | 159.46M | 165.43M | 511.72M |
| Fixed Asset Turnover | 1.24x | 1.34x | 0.79x | 0.90x | 1.18x | 1.80x | 2.07x | 0.86x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1.76M | 1.62M | 4.56M | 3.89M | 5.61M | 5.67M | 7.78M | 9.17M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.71M | 2.43M | 4M | 4.83M | 3.55M | 5.25M | 8.49M | 19.82M |
| Total Assets | 148.27M▲ 0% | 190.44M▲ 28.4% | 263.21M▲ 38.2% | 263.6M▲ 0.1% | 305.76M▲ 16.0% | 316.76M▲ 3.6% | 313.77M▼ 0.9% | 733.78M▲ 133.9% |
| Asset Turnover | 0.89x | 0.72x | 0.53x | 0.62x | 0.70x | 0.91x | 1.09x | 0.60x |
| Asset Growth % | - | 28.44% | 38.21% | 0.15% | 16% | 3.59% | -0.94% | 133.86% |
| Total Current Liabilities | 40.93M | 46.57M | 86.33M | 47.77M | 132.17M | 144.2M | 154.33M | 324.21M |
| Accounts Payable | 10.21M | 11.26M | 16.79M | 7.64M | 21.1M | 19.61M | 29.59M | 34.87M |
| Days Payables Outstanding | 36.95 | 36.89 | 52.05 | 16.37 | 41.19 | 31.48 | 39.61 | 35.83 |
| Short-Term Debt | 2.74M | 4.15M | 2.77M | 1.02M | 57.67M | 26.74M | 32.74M | 5.84M |
| Deferred Revenue (Current) | 216K | 2.98M | 30.65M | 20.81M | 28.19M | 49.55M | 55.17M | 0 |
| Other Current Liabilities | 17.85M | 25.54M | 22.9M | 5.37M | 5.71M | 36.16M | 6.39M | 283.51M |
| Current Ratio | 0.93x | 1.81x | 0.89x | 1.56x | 0.88x | 1.02x | 0.86x | 0.60x |
| Quick Ratio | 0.49x | 1.47x | 0.57x | 1.19x | 0.78x | 0.91x | 0.76x | 0.52x |
| Cash Conversion Cycle | 80.73 | 180.95 | 110.12 | 111.07 | 92.67 | 115.11 | 61.47 | 72.07 |
| Total Non-Current Liabilities | 68.74M | 119.7M | 178.47M | 155.91M | 119.61M | 111.86M | 95.96M | 213.75M |
| Long-Term Debt | 33.11M | 43.84M | 69.83M | 58.43M | 35.18M | 36.1M | 34.7M | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 1.2M | 9.36M | 9.33M | 8.65M | 0 |
| Deferred Tax Liabilities | 9.93M | 5.67M | 8.06M | 995K | 1.24M | 679K | 632K | 6.37M |
| Other Non-Current Liabilities | 25.7M | 21.69M | 5.18M | 7.19M | 5.87M | 0 | 69K | 207.38M |
| Total Liabilities | 109.67M | 166.27M | 264.79M | 203.67M | 251.79M | 256.06M | 250.28M | 537.96M |
| Total Debt | 35.85M | 47.99M | 72.6M | 61.84M | 103.04M | 72.86M | 76.76M | 5.84M |
| Net Debt | 35.35M | 43.38M | 65.16M | 48.92M | 73.02M | 54.48M | 57.91M | -17.39M |
| Debt / Equity | 0.93x | 1.99x | - | 1.03x | 1.91x | 1.20x | 1.21x | 0.03x |
| Debt / EBITDA | 1.23x | 6.24x | 7.10x | - | - | 5.15x | 3.04x | - |
| Net Debt / EBITDA | 1.22x | 5.64x | 6.37x | - | - | 3.85x | 2.29x | - |
| Interest Coverage | - | -1.37x | -1.57x | -16.12x | -5.73x | -1.37x | 0.74x | - |
| Total Equity | 38.6M▲ 0% | 24.17M▼ 37.4% | -1.58M▼ 106.6% | 59.93M▲ 3883.3% | 53.98M▼ 9.9% | 60.7M▲ 12.5% | 63.49M▲ 4.6% | 195.82M▲ 208.4% |
| Equity Growth % | - | -37.39% | -106.55% | 3883.27% | -9.93% | 12.46% | 4.59% | 208.42% |
| Book Value per Share | 0.99 | 0.62 | -0.04 | 1.50 | 1.32 | 1.33 | 1.34 | 4.02 |
| Total Shareholders' Equity | 38.6M | 24.17M | -16K | 61.13M | 53.67M | 53.74M | 57.61M | 187.82M |
| Common Stock | 3.92M | 7.33M | 3.77M | 398K | 437K | 470K | 478K | 489K |
| Retained Earnings | 34.67M | 16.83M | -3.78M | -54.48M | -94.07M | -125.2M | -132M | -15.05M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | -1.57M | -1.2M | 308K | 6.96M | 5.88M | 7.99M |
SkyWater Technology, Inc. (SKYT) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 12.59M | 10.92M | 96.19M | -55.68M | -14.3M | 10.08M | 18.46M | -24.15M |
| Operating CF Margin % | 9.53% | 7.99% | 68.5% | -34.19% | -6.71% | 3.52% | 5.39% | -5.46% |
| Operating CF Growth % | - | -13.27% | 780.66% | -157.88% | 74.32% | 170.51% | 83.12% | -230.82% |
| Net Income | -65K | -16.42M | -19.71M | -47.4M | -36.87M | -25.09M | -2.52M | 123.45M |
| Depreciation & Amortization | 15.09M | 16.66M | 18.87M | 27.37M | 28.19M | 28.93M | 18.69M | 35.67M |
| Stock-Based Compensation | 3.11M | 4.17M | 2.64M | 12.53M | 8.61M | 6.86M | 8.17M | 9.42M |
| Deferred Taxes | -1.2M | -3.83M | 2.39M | -7.06M | 244K | -560K | -496K | -31.5M |
| Other Non-Cash Items | 36.22M | 6.97M | -7.74M | -6.97M | 2.83M | 3.06M | 1.82M | -161.2M |
| Working Capital Changes | -2.35M | 3.37M | 99.76M | -34.15M | -17.3M | -3.11M | -7.21M | 0 |
| Change in Receivables | -4.49M | -42.47M | 31.45M | -9.39M | -11.6M | -33.37M | 20.2M | -22.44M |
| Change in Inventory | -3.45M | 2.04M | -11.18M | -3.77M | -9.22M | -1.94M | 805K | -4.26M |
| Change in Payables | 3.02M | -595K | 12.08M | -5.91M | 20.98M | 0 | -10.39M | 13.66M |
| Cash from Investing | -4.28M | -7.37M | -88.18M | -29.82M | -17.45M | -10.49M | -11.21M | -118M |
| Capital Expenditures | -5.55M | -8.46M | -85.77M | -30.76M | -17.05M | -8.62M | -7.94M | -29.05M |
| CapEx % of Revenue | 4.2% | 6.18% | 61.07% | 18.89% | 8.01% | 3.01% | 2.32% | 6.57% |
| Acquisitions | 1.28M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 1.21M | 1.09M | -2.41M | 939K | -400K | -1.87M | -3.26M | -88.95M |
| Cash from Financing | -7.82M | 552K | -5.19M | 90.98M | 48.86M | -11.23M | -6.79M | 146.52M |
| Debt Issued (Net) | 3.21M | 10.49M | -12.3M | -8.19M | 33.96M | -32.58M | -931K | 0 |
| Equity Issued (Net) | 0 | 0 | -1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | -2.47M | -2.92M | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -4.08M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -11.03M | -9.94M | 13.67M | -2.12M | -5.19M | 945K | -8.36M | 146.52M |
| Net Change in Cash | 498K▲ 0% | 4.11M▲ 724.7% | 2.83M▼ 31.1% | 5.48M▲ 93.6% | 17.11M▲ 212.1% | -11.64M▼ 168.1% | 462K▲ 104.0% | 4.38M▲ 848.1% |
| Free Cash Flow | 7.04M▲ 0% | 1.96M▼ 72.2% | 6.34M▲ 224.1% | -87.66M▼ 1482.2% | -31.75M▲ 63.8% | -408K▲ 98.7% | 7.2M▲ 1864.7% | -53.2M▼ 838.8% |
| FCF Margin % | 5.33% | 1.43% | 4.52% | -53.83% | -14.91% | -0.14% | 2.1% | -12.03% |
| FCF Growth % | - | -72.21% | 224.07% | -1482.25% | 63.78% | 98.72% | 1864.71% | -838.82% |
| FCF per Share | 0.18 | 0.05 | 0.16 | -2.20 | -0.78 | -0.01 | 0.15 | -1.09 |
| FCF Conversion (FCF/Net Income) | -193.75x | -0.67x | -4.67x | 1.10x | 0.36x | -0.33x | -2.72x | -0.20x |
| Interest Paid | 0 | 4.73M | 4.44M | 2.74M | 4.44M | 8.76M | 6.55M | 0 |
| Taxes Paid | 0 | 1.38M | 149K | 2.92M | 3K | 6K | 112K | 0 |
SkyWater Technology, Inc. (SKYT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -0.17% | -52.32% | -182.59% | -173.79% | -69.52% | -53.64% | -10.94% | 91.72% |
| Return on Invested Capital (ROIC) | 14.15% | -9.51% | -9.89% | -49.68% | -18.93% | -9.16% | 4.16% | -1.29% |
| Gross Margin | 23.71% | 18.54% | 16.16% | -4.59% | 12.19% | 20.68% | 20.34% | 19.66% |
| Net Margin | -0.05% | -12.01% | -14.68% | -31.13% | -18.59% | -10.73% | -1.98% | 26.9% |
| Debt / Equity | 0.93x | 1.99x | - | 1.03x | 1.91x | 1.20x | 1.21x | 0.03x |
| Interest Coverage | - | -1.37x | -1.57x | -16.12x | -5.73x | -1.37x | 0.74x | - |
| FCF Conversion | -193.75x | -0.67x | -4.67x | 1.10x | 0.36x | -0.33x | -2.72x | -0.20x |
| Revenue Growth | - | 3.45% | 2.72% | 15.96% | 30.76% | 34.63% | 19.39% | 29.18% |
SkyWater Technology, Inc. (SKYT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 26, 2026·SEC
Feb 25, 2026·SEC
Jan 26, 2026·SEC
SkyWater Technology, Inc. (SKYT) stock FAQ — growth, dividends, profitability & financials explained
SkyWater Technology, Inc. (SKYT) reported $442.1M in revenue for fiscal year 2025. This represents a 235% increase from $132.2M in 2018.
SkyWater Technology, Inc. (SKYT) grew revenue by 29.2% over the past year. This is strong growth.
Yes, SkyWater Technology, Inc. (SKYT) is profitable, generating $118.9M in net income for fiscal year 2025 (26.9% net margin).
SkyWater Technology, Inc. (SKYT) has a return on equity (ROE) of 91.7%. This is excellent, indicating efficient use of shareholder capital.
SkyWater Technology, Inc. (SKYT) had negative free cash flow of $53.2M in fiscal year 2025, likely due to heavy capital investments.
SkyWater Technology, Inc. (SKYT) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates