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SkyWater Technology, Inc. SKYT Legacy SkyWater — Research and development expense

Other segment segments

SkyWater Texas
$622K

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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:ResearchAndDevelopmentExpense.

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 — research and development expense?
SkyWater Technology, Inc. (SKYT) reported legacy skywater — research and development expense of $4.38M in Q1 2026.
How has SkyWater Technology, Inc.'s legacy skywater — research and development expense changed year-over-year?
SkyWater Technology, Inc.'s legacy skywater — research and development expense increased by 34.7% year-over-year, from $3.25M to $4.38M.
What does legacy skywater — research and development expense mean?
This metric tracks the investment in innovation, process technology development, and engineering efforts dedicated to the Legacy SkyWater segment. It highlights the company's commitment to maintaining technological competitiveness and future growth within this specific business area.