SkyWater Technology, Inc.
SkyWater Technology, Inc. (SKYT) Financial Performance & Income Statement Overview
Analyze SkyWater Technology, Inc. (SKYT) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
SkyWater Technology, Inc. (SKYT) Income Statement & Financial Overview
Review SkyWater Technology, Inc. SKYT income statement with detailed quarterly and annual figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $61.30M | $75.49M | $93.82M | $93.33M |
| Cost of Revenue | $47.04M | $56.19M | $73.58M | $76.22M |
| Gross Profit | $14.26M | $19.30M | $20.23M | $17.11M |
| Gross Profit Ratio | $0.23 | $0.26 | $0.22 | $0.18 |
| R&D Expenses | $3.25M | $4.22M | $3.43M | $3.38M |
| SG&A Expenses | $15.03M | $12.43M | $12.10M | $12.33M |
| Operating Expenses | $18.28M | $16.64M | $15.53M | $15.71M |
| Total Costs & Expenses | $65.32M | $72.84M | $89.11M | $91.93M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $1.81M | $1.98M | $1.99M | $2.48M |
| Depreciation & Amortization | $0.00 | -$1000.00 | $0.00 | $4.06M |
| EBITDA | -$4.02M | $8.05M | $4.71M | $5.46M |
| EBITDA Ratio | -$0.07 | $0.11 | $0.05 | $0.06 |
| Operating Income | -$4.02M | $2.65M | $4.71M | $1.40M |
| Operating Income Ratio | -$0.07 | $0.04 | $0.05 | $0.02 |
| Other Income/Expenses (Net) | -$1.81M | -$1.98M | -$1.99M | -$2.48M |
| Income Before Tax | -$5.83M | $676000.00 | $2.72M | -$1.08M |
| Income Before Tax Ratio | -$0.10 | $0.009 | $0.03 | -$0.01 |
| Income Tax Expense | $384000.00 | $233000.00 | $93000.00 | -$127000.00 |
| Net Income | -$7.34M | -$679000.00 | $1.51M | -$1.90M |
| Net Income Ratio | -$0.12 | -$0.009 | $0.02 | -$0.02 |
| EPS | -$0.15 | -$0.01 | $0.03 | -$0.04 |
| Diluted EPS | -$0.15 | -$0.01 | $0.03 | -$0.04 |
| Weighted Avg Shares Outstanding | $47.79M | $47.40M | $47.52M | $47.39M |
| Weighted Avg Shares Outstanding (Diluted) | $47.79M | $47.40M | $47.64M | $47.39M |
Financial performance has remained strong, with revenue growing from $93.33M in Q2 2024 to $61.30M in Q1 2025. Gross profit continued to perform well, with margins at 23% in the latest quarter. Operating income reached -$4.02M in Q1 2025, holding a steady -7% margin. While R&D and SG&A expenses fluctuated, EBITDA remained robust at -$4.02M. Net income dropped to -$7.34M, keeping EPS at -$0.15. With disciplined cost control and operational efficiency, the company supported consistent profitability, reflecting its ability to deliver stable shareholder value.
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