SkyWater Technology, Inc Income Statement
SKYT / Information Technology|6 years of annual SEC 10-K data (FY2020-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 6 fiscal years. All figures from audited SEC 10-K filings.
SkyWater Technology, Inc reported $442M in revenue and $119M in net income for FY2025. Revenue has grown at a 25.8% compound annual rate over the past 5 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score NaN (distress zone, below 1.23 threshold)
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Accrual-heavy earnings: Net income significantly exceeds operating cash flow
- High profit margin: 26.9% of revenue retained as profit
- Conservative debt: Debt-to-equity ratio of 0.21
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $442.1M | $342.3M | $286.7M | $212.9M | $162.8M | $140.4M |
| Cost of Revenue | $355.2M | $272.6M | $227.4M | $187.0M | $170.3M | $117.7M |
| Gross Profit | $86.9M | $69.6M | $59.3M | $26.0M | -$7.5M | $22.7M |
| SG&A Expense | $74.9M | $48.0M | $63.9M | $46.3M | $43.6M | $25.0M |
| R&D Expense | $14.6M | $15.0M | $10.2M | $9.4M | $8.7M | $4.2M |
| Operating Income | -$2.6M | $6.6M | -$14.8M | -$29.8M | -$57.1M | -$8.6M |
| Interest Expense | - | - | $10.8M | $5.2M | $3.5M | $5.5M |
| Income Tax | -$28.0M | $240.0K | -$521.0K | $809.0K | -$6.8M | $4.9M |
| Net Income | $118.9M | -$6.8M | -$30.8M | -$39.6M | -$50.7M | -$20.6M |
| EPS (Basic) | -$0.14 | -$0.97 | -$1.76 | -$1.15 | -$1.76 | -$1.15 |
| EPS (Diluted) | -$0.14 | -$0.97 | -$1.76 | -$1.15 | -$1.76 | -$1.15 |
| Shares Outstanding | 47.7M | 47.0M | 43.7M | 39.8M | 0 | 0 |
| Gross Margin | 19.7% | 20.3% | 20.7% | 12.2% | -4.6% | 16.2% |
| Operating Margin | -0.6% | 1.9% | -5.2% | -14.0% | -35.1% | -6.2% |
| Profit Margin | 26.9% | -2.0% | -10.7% | -18.6% | -31.1% | -14.7% |