SkyWater Technology Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 29, 2026	Dec '25 Dec 28, 2025	Dec '24 Dec 29, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 2, 2022
Revenue	541.53	442.14	342.27	286.68	212.94	162.85
Revenue Growth (YoY)	67.17%	29.18%	19.39%	34.63%	30.76%	15.96%
Cost of Revenue	436.71	355.21	272.64	227.39	186.97	170.32
Gross Profit	104.82	86.93	69.63	59.29	25.97	-7.47
Selling, General & Admin	92.29	74.88	48.03	63.91	46.3	43.6
Research & Development	16.37	14.62	15.04	10.17	9.43	8.75
Other Operating Expenses	-	-	-	-	-	-2.71
Total Operating Expenses	108.65	89.5	63.07	74.08	55.73	49.63
Operating Income	-3.83	-2.58	6.56	-14.79	-29.77	-57.1
Interest Expense	4.9	-13.71	-8.84	-10.83	-5.19	-3.54
Other Non-Operating Income (Expense)	105.59	209.78	-8.84	10.83	7.4	9.36
Total Non-Operating Income (Expense)	110.49	196.07	-17.67	0	2.2	5.82
Pretax Income	89.86	95.46	-2.28	-25.61	-36.06	-54.19
Provision for Income Taxes	-28.66	-27.99	0.24	-0.52	0.81	-6.79
Net Income	113.95	118.91	-6.79	-30.76	-39.59	-50.7
Minority Interest in Earnings	4.57	4.54	4.28	5.66	2.72	3.29
Net Income to Common	113.95	118.91	-6.79	-30.76	-39.59	-50.7
Shares Outstanding (Basic)	48	48	47	46	41	29
Shares Outstanding (Diluted)	49	49	47	46	41	29
Shares Change (YoY)	1.96%	2.77%	4.15%	11.44%	40.63%	61.97%
EPS (Basic)	2.36	2.47	-0.14	-0.68	-0.97	-1.76
EPS (Diluted)	2.33	2.44	-0.14	-0.68	-0.97	-1.76
Shares Outstanding	49.16	48.61	47.7	47.03	43.7	39.84
Free Cash Flow	-75.65	-53.3	10.52	1.46	-31.35	-86.44
Free Cash Flow Growth	-	-	619.00%	-	-	-
Free Cash Flow Per Share	-1.56	-1.09	0.22	0.03	-0.77	-2.98
Gross Margin	19.36%	19.66%	20.34%	20.68%	12.19%	-4.59%
Operating Margin	-0.71%	-0.58%	1.92%	-5.16%	-13.98%	-35.07%
Profit Margin	21.88%	27.92%	-0.74%	-8.75%	-17.32%	-29.11%
FCF Margin	-13.97%	-12.06%	3.07%	0.51%	-14.72%	-53.08%
EBITDA	41.53	33.09	25.25	14.14	-1.58	-29.74
EBITDA Margin	7.67%	7.48%	7.38%	4.93%	-0.74%	-18.26%
EBIT	-3.83	-2.58	6.56	-14.79	-29.77	-57.1
EBIT Margin	-0.71%	-0.58%	1.92%	-5.16%	-13.98%	-35.07%
Effective Tax Rate	-31.89%	-29.32%	-10.54%	2.03%	-2.24%	12.53%

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q