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SkyWater Technology, Inc. SKYT Legacy SkyWater — Income tax (benefit) expense

Other segment segments

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$10K

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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$1.72B+287%

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:IncomeTaxExpenseBenefit.

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 legacy skywater — income tax (benefit) expense?
SkyWater Technology, Inc. (SKYT) reported legacy skywater — income tax (benefit) expense of -$294K in Q1 2026.
How has SkyWater Technology, Inc.'s legacy skywater — income tax (benefit) expense changed year-over-year?
SkyWater Technology, Inc.'s legacy skywater — income tax (benefit) expense decreased by 176.6% year-over-year, from $384K to -$294K.
What does legacy skywater — income tax (benefit) expense mean?
Reflects the total income tax provision or benefit recognized by the Legacy SkyWater segment during the reporting period. This figure accounts for both current and deferred tax liabilities or assets specific to the segment's operations. It is essential for calculating the segment's net contribution to the company's bottom line after tax considerations.