SkyWater Technology, Inc. (SKYT)

SkyWater Technology Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY
Period Ending	Dec 28, 2025	Dec 29, 2024	Dec 31, 2023	Jan 1, 2023	Jan 2, 2022
Revenue	442.14	342.27	286.68	212.94	162.85
Revenue Growth (YoY)	29.18%	19.39%	34.63%	30.76%	15.96%
Cost of Revenue	355.21	272.64	227.39	186.97	170.32
Gross Profit	86.93	69.63	59.29	25.97	-7.47
Selling, General & Admin	74.88	48.03	63.91	46.3	43.6
Research & Development	14.62	15.04	10.17	9.43	8.75
Other Operating Expenses	-	-	-	-	-2.71
Total Operating Expenses	89.5	63.07	74.08	55.73	49.63
Operating Income	-2.58	6.56	-14.79	-29.77	-57.1
Interest Expense	-13.71	-8.84	-10.83	-5.19	-3.54
Other Non-Operating Income (Expense)	209.78	-8.84	10.83	7.4	9.36
Total Non-Operating Income (Expense)	196.07	-17.67	-	2.2	5.82
Pretax Income	95.46	-2.28	-25.61	-36.06	-54.19
Provision for Income Taxes	-27.99	0.24	-0.52	0.81	-6.79
Net Income	118.91	-6.79	-30.76	-39.59	-50.7
Minority Interest in Earnings	4.54	4.28	5.66	2.72	3.29
Net Income to Common	118.91	-6.79	-30.76	-39.59	-50.7
Shares Outstanding (Basic)	48	47	46	41	29
Shares Outstanding (Diluted)	49	47	46	41	29
Shares Change (YoY)	2.77%	4.15%	11.44%	40.63%	61.97%
EPS (Basic)	2.47	-0.14	-0.68	-0.97	-1.76
EPS (Diluted)	2.44	-0.14	-0.68	-0.97	-1.76
Free Cash Flow	-53.3	10.52	1.46	-31.35	-86.44
Free Cash Flow Growth	-	619.00%	-	-	-
Free Cash Flow Per Share	-1.09	0.22	0.03	-0.77	-2.98
Gross Margin	19.66%	20.34%	20.68%	12.19%	-4.59%
Operating Margin	-0.58%	1.92%	-5.16%	-13.98%	-35.07%
Profit Margin	27.92%	-0.74%	-8.75%	-17.32%	-29.11%
FCF Margin	-12.06%	3.07%	0.51%	-14.72%	-53.08%
EBITDA	33.09	25.25	14.14	-1.58	-29.74
EBITDA Margin	7.48%	7.38%	4.93%	-0.74%	-18.26%
EBIT	-2.58	6.56	-14.79	-29.77	-57.1
EBIT Margin	-0.58%	1.92%	-5.16%	-13.98%	-35.07%
Effective Tax Rate	-29.32%	-10.54%	2.03%	-2.24%	12.53%

Updated Dec 28, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q