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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›SKYT›Financials
Annual statements · SEC XBRL · FY2021 – FY2025

SkyWater Technology, Inc (SKYT) financials

Income statement

SkyWater Technology, Inc (SKYT) income statement, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$140M$163M$213M$342M$442M
Revenue growth—16.0%30.8%60.7%29.2%
Gross profit$22.7M-$7.47M$26.0M$69.6M$86.9M
Gross margin16.2%-4.6%12.2%20.3%19.7%
Operating income-$8.64M-$57.1M-$29.8M$6.56M-$2.58M
Operating margin-6.2%-35.1%-14.0%1.9%-0.6%
Net income-$20.6M-$50.7M-$39.6M-$6.79M$119M
Net margin-14.7%-31.1%-18.6%-2.0%26.9%
EPS (diluted)-$1.15-$1.76-$0.97-$0.14$2.44

Cash flow

SkyWater Technology, Inc (SKYT) cash flow, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Operating cash flow$96.2M-$55.7M-$14.3M$18.5M-$29.0M
Capital expenditures$85.8M$30.8M$17.1M$7.94M$24.3M
Free cash flow$10.4M-$86.4M-$31.4M$10.5M-$53.3M
Share buybacks$4.08M$0.00$0.00——

Balance sheet

SkyWater Technology, Inc (SKYT) balance sheet, annual, from SEC filings
Fiscal yearFY2021FY2022FY2023FY2024FY2025
Cash & equivalents$7.44M$12.9M$18.4M$18.8M$23.2M
Total assets$263M$264M$317M$312M$734M
Total liabilities$265M$204M$256M$250M$538M
Long-term debt$69.8M$58.4M$36.1M$34.7M$32.9M
Shareholders' equity-$16.0K$61.1M$53.7M$55.6M$188M
Retained earnings-$3.78M-$54.5M-$125M-$134M-$15.1M
Shares (wtd avg diluted)—29.0M40.8M47.4M48.7M

Every figure is extracted from SkyWater Technology, Inc’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is SkyWater Technology, Inc's annual revenue?
SkyWater Technology, Inc (SKYT) reported $442M of revenue for fiscal year 2025 — up 29.2% from $342M in FY2024, per its annual report filed with the SEC.
Is SkyWater Technology, Inc profitable?
Yes — SKYT earned $119M of net income in FY2025, a 26.9% net margin, per SEC filings.
What is SkyWater Technology, Inc's free cash flow?
-$53.3M in FY2025 (operating cash flow -$29.0M minus $24.3M of capital expenditures), from the SEC cash-flow statement.
Does SKYT pay a dividend?
SkyWater Technology, Inc reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full SKYT analysis — verdict, score & filings →Is SKYT a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.