What is SkyWater Technology, Inc.'s net debt?

SkyWater Technology, Inc. (SKYT) reported net debt of $208.86M in Q1 2026.

How has SkyWater Technology, Inc.'s net debt changed year-over-year?

SkyWater Technology, Inc.'s net debt increased by 1583.4% year-over-year, from $12.41M to $208.86M.

What is the long-term trend for SkyWater Technology, Inc.'s net debt?

Over 5 years (2020 to 2025), SkyWater Technology, Inc.'s net debt has grown at a 27.7% compound annual growth rate (CAGR), from $65.16M to $221.18M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

SkyWater Technology, Inc. SKYT Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$160.7M+162%

Gross profit$32.2M+126%

Operating income-$5.3M-31.2%

Net income-$12.3M-67.6%

EPS (diluted)-$0.25-66.7%

Balance sheet

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Cash & equivalents$22.2M-56.6%

Total debt$231.1M+263%

Total equity$180.2M+237%

Total assets$732.9M+124%

Cash flow

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Operating cash flow$27.9M-50.1%

CapEx$9.1M-38.7%

Free cash flow$18.9M-54.2%

Valuation

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Market cap$1.8B+287%

Enterprise value$2.01B+332%

P/E14.8×—

P/S3.3×+1.9×

Profitability

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Gross margin19.4%-2.5pp

Operating margin-0.7%-2.2pp

Net margin22.5%+20.4pp

FCF margin-14%—

Returns & leverage

See full

Return on equity104.2%+91.9pp

Debt / equity1.3×+0.1×

Current ratio0.5×-0.7×

Where this comes from

Calculated from SkyWater Technology, Inc.’s reported figures.

$231.1Mtotal debt−$22.2Mcash and equivalents=$208.86M

The official record: SkyWater Technology, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SkyWater Technology, Inc.'s net debt?: SkyWater Technology, Inc. (SKYT) reported net debt of $208.86M in Q1 2026.
How has SkyWater Technology, Inc.'s net debt changed year-over-year?: SkyWater Technology, Inc.'s net debt increased by 1583.4% year-over-year, from $12.41M to $208.86M.
What is the long-term trend for SkyWater Technology, Inc.'s net debt?: Over 5 years (2020 to 2025), SkyWater Technology, Inc.'s net debt has grown at a 27.7% compound annual growth rate (CAGR), from $65.16M to $221.18M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.