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Segments

By segment

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Legacy SkyWater-$23.06M
SkyWater Texas$11.9M

Other financials

Income statement

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Revenue$160.7M+162%
Gross profit$32.2M+126%
Operating income-$5.3M-31.2%
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

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Return on equity104.2%+91.9pp
Debt / equity1.3×+0.1×
Current ratio0.5×-0.7×

Where this comes from

Reported directly by SkyWater Technology, Inc. in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

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 income?
SkyWater Technology, Inc. (SKYT) reported net income of -$12.31M in Q1 2026.
How has SkyWater Technology, Inc.'s net income changed year-over-year?
SkyWater Technology, Inc.'s net income decreased by 67.6% year-over-year, from -$7.35M to -$12.31M.
What is the long-term trend for SkyWater Technology, Inc.'s net income?
Over 4 years (2021 to 2025), SkyWater Technology, Inc.'s net income has grown at a 25.7% compound annual growth rate (CAGR), from -$50.7M to $126.69M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.