SkyWater Technology, Inc (SKYT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2401 EAST 86TH STREET BLOOMINGTON, MN 55425 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 18,844 | 18,382 | 30,025 | 12,917 | |||
| Cash and cash equivalent | 18,844 | 18,382 | 30,025 | 12,917 | |||
| Receivables | 54,332 | 66,133 | 62,839 | 40,126 | |||
| Inventory, net of allowances, customer advances and progress billings | 14,535 | 15,341 | 13,397 | 17,500 | |||
| Inventory | 14,535 | 15,341 | 13,397 | 17,500 | |||
| Prepaid expense | 3,984 | 2,663 | 2,395 | 1,759 | |||
| Contract with customer, asset, after allowance for credit loss | 20,890 | 29,666 | |||||
| Deferred costs | 1,253 | 1,453 | 2,097 | 1,579 | |||
| Other undisclosed current assets | 18,239 | 12,737 | 5,798 | 516 | |||
| Total current assets: | 132,077 | 146,375 | 116,551 | 74,397 | |||
| Noncurrent Assets | |||||||
| Inventory, Noncurrent | 4,747 | ||||||
| Finance lease, right-of-use asset, after accumulated amortization | 8,443 | 9,356 | 9,740 | ||||
| Property, plant and equipment | 180,475 | ||||||
| Intangible assets, net (including goodwill) | 7,779 | 5,672 | 5,608 | 3,891 | |||
| Intangible assets, net (excluding goodwill) | 7,779 | 5,672 | 5,608 | 3,891 | |||
| Other noncurrent assets | 8,488 | 5,342 | 3,690 | 4,835 | |||
| Other undisclosed noncurrent assets | 152,241 | 150,011 | 170,175 | ||||
| Total noncurrent assets: | 181,698 | 170,381 | 189,213 | 189,201 | |||
| TOTAL ASSETS: | 313,775 | 316,756 | 305,764 | 263,598 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 66,419 | 67,905 | 46,314 | 25,120 | |||
| Accounts payable | 29,590 | 19,614 | 21,102 | 7,637 | |||
| Accrued liabilities | 36,829 | 48,291 | 25,212 | 17,483 | |||
| Deferred revenue | 55,166 | 49,551 | 28,186 | 20,808 | |||
| Debt | 32,742 | 26,741 | 57,672 | 1,021 | |||
| Business combination, contingent consideration, liability | 816 | ||||||
| Total current liabilities: | 154,327 | 144,197 | 132,172 | 47,765 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 34,704 | 36,098 | 35,181 | 58,428 | |||
| Long-term debt, excluding current maturities | 34,704 | 36,098 | 35,181 | 58,428 | |||
| Liabilities, other than long-term debt | 61,254 | 75,760 | 84,434 | 108,756 | |||
| Deferred lease income, after accumulated amortization | ✕ | ✕ | ✕ | ✕ | 11,278 | ||
| Deferred revenue | 51,901 | 65,754 | 67,967 | 88,094 | |||
| Deferred income tax liabilities | 632 | 679 | 1,239 | 995 | |||
| Liability, pension and other postretirement and postemployment benefits | 1,643 | 4,039 | |||||
| Other liabilities | 8,721 | 9,327 | 13,585 | 4,350 | |||
| Other undisclosed noncurrent liabilities | (11,278) | ||||||
| Total noncurrent liabilities: | 95,958 | 111,858 | 119,615 | 155,906 | |||
| Total liabilities: | 250,285 | 256,055 | 251,787 | 203,671 | |||
| Equity | |||||||
| Equity, attributable to parent | 57,614 | 53,740 | 53,669 | 61,127 | |||
| Common stock | 478 | 470 | 437 | 398 | |||
| Additional paid in capital | 189,132 | 178,473 | 147,304 | 115,208 | |||
| Accumulated deficit | (131,996) | (125,203) | (94,072) | (54,479) | |||
| Equity, attributable to noncontrolling interest | 5,876 | 6,961 | 308 | (1,200) | |||
| Total equity: | 63,490 | 60,701 | 53,977 | 59,927 | |||
| TOTAL LIABILITIES AND EQUITY: | 313,775 | 316,756 | 305,764 | 263,598 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Revenues | 342,269 | 286,682 | 212,941 | 162,848 | ||
| Cost of revenue | (272,643) | (227,390) | (186,974) | (170,320) | ||
| Gross profit: | 69,626 | 59,292 | 25,967 | (7,472) | ||
| Operating expenses | (63,066) | (74,080) | (55,734) | (52,342) | ||
| Other undisclosed operating income | 2,710 | |||||
| Operating income (loss): | 6,560 | (14,788) | (29,767) | (57,104) | ||
| Nonoperating income (expense) | (8,837) | (10,826) | (6,295) | 2,911 | ||
| Interest and debt expense | (8,837) | (10,826) | (1,101) | (3,542) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (11,114) | (36,440) | (37,163) | (57,735) | ||
| Other undisclosed income from continuing operations before income taxes | 8,837 | 10,826 | 1,101 | 3,542 | ||
| Loss from continuing operations before income taxes: | (2,277) | (25,614) | (36,062) | (54,193) | ||
| Income tax expense (benefit) | (240) | 521 | (809) | 6,790 | ||
| Loss from continuing operations: | (2,517) | (25,093) | (36,871) | (47,403) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (47,403) | |
| Net loss: | (2,517) | (25,093) | (36,871) | (47,403) | ||
| Net loss attributable to noncontrolling interest | (4,276) | (5,663) | (2,722) | (3,293) | ||
| Net loss attributable to parent: | (6,793) | (30,756) | (39,593) | (50,696) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | 398 | |||||
| Other undisclosed net loss available to common stockholders, basic | (796) | |||||
| Net loss available to common stockholders, diluted: | (6,793) | (30,756) | (39,593) | (51,094) | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Net loss: | (2,517) | (25,093) | (36,871) | (47,403) | ||
| Comprehensive loss: | (2,517) | (25,093) | (36,871) | (47,403) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (4,276) | (5,663) | (2,722) | (3,293) | ||
| Comprehensive loss, net of tax, attributable to parent: | (6,793) | (30,756) | (39,593) | (50,696) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.