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SkyWater Technology, Inc. SKYT Q4 2025 Annual earnings

Reported February 25, 2026 · After market close

Revenue$171.0MBeat by $10.9M
EPS-$0.03Miss by $0.02
Revenue estimate$160.1M
EPS estimate-$0.01

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$146.5M
EPS estimate-$0.07

Financials

Q4 2025

Income statement

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Revenue$171.0M+127%
Gross profit$25.6M+32.4%
Operating income--100%
Net income-+100%
EPS (diluted)$0.00+100%

Balance sheet

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Cash & equivalents$23.2M+23.2%
Total debt$244.4M+241%
Total equity$187.8M+238%
Total assets$733.9M+135%

Cash flow

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Operating cash flow-$36.1M—
CapEx$6.1M+797%
Free cash flow-$42.2M—

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$1.55B+210%
Enterprise value$1.76B+239%
P/E12.8×—
P/S2.9×+1.1×

Profitability

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Gross margin19.7%-0.7pp
Operating margin-0.6%-2.5pp
Net margin28.7%+26.9pp
FCF margin-12.1%—

Returns & leverage

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Return on equity104.1%+94.0pp
Debt / equity1.3×0.0×
Current ratio0.6×-0.2×

Segments

By product

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Wafer Services$95.0M+2,073%
Time-and-materials and cost-plus-fixed-fee contracts$31.4M+14.7%
Tools$22.9M+95.4%
Fixed price contracts$21.7M-29.5%

By segment

See full
SkyWater Texas$88.7M—
Legacy SkyWater$82.4M+9.1%

Versus estimates

Revenue

Q4 2025$171.0MBeat by $10.9M
Q3 2025$150.7MBeat by $15.2MQ2 2025$59.1MBeat by $1.6MQ1 2025$61.3MBeat by $256.0KQ4 2024$75.5MBeat by $9.0MQ3 2024$93.8MBeat by $19.6M

Diluted EPS

Q4 2025-$0.03Miss by $0.02
Q3 2025$0.24Beat by $0.41Q2 2025-$0.11Beat by $0.06Q1 2025-$0.08Beat by $0.05Q4 2024$0.04Beat by $0.10Q3 2024$0.08Beat by $0.07

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Questions, answered.

When did SkyWater Technology, Inc. report Q4 2025 earnings?
SkyWater Technology, Inc. (SKYT) reported Q4 2025 earnings on February 25, 2026 after market close.
What were SkyWater Technology, Inc.'s Q4 2025 revenue and EPS?
SkyWater Technology, Inc. reported revenue of $171.0M and eps of $-0.03 for Q4 2025.
Did SkyWater Technology, Inc. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $160.1M by $10.9M. EPS missed the consensus estimate of $-0.01 by $0.02.
How did SkyWater Technology, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 126.5% from $75.5M a year earlier.
Where can I find SkyWater Technology, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001819974-26-000005) and the 10-K periodic report (0001819974-26-000009) directly on SEC EDGAR. The filing index links above go to sec.gov.