SkyWater Technology, Inc (SKYT) FY2025 10-K Annual Report
SkyWater Technology, Inc (SKYT) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 11, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
SkyWater Technology, Inc FY2025 10-K Analysis
Business Overview
- • Core business not detailed in this section; focus on equity compensation plans and shareholder matters
- • 2,157,000 options outstanding with weighted-average exercise price $10.60 under 2021 Equity Incentive Plan
- • 5,876,923 shares available for future issuance under equity compensation plans approved by shareholders
- • 1,417,000 unvested restricted stock units outstanding and 257,826 shares available under Employee Stock Purchase Plan
- • Emphasis on governance disclosures and proxy statement references filed post fiscal year-end
Management Discussion & Analysis
- • Revenue not explicitly stated, comparison for fiscal years 2025 vs 2024 not provided
- • No margin or profitability figures disclosed in the text provided
- • Legacy SkyWater and SkyWater Texas segments described; no specific financial performance data given
- • Capital funding includes Revolver, VIE financing, and Tool Financing Loans; $16M potential CHIPS Act funding plus $19M Minnesota incentives mentioned
- • Pending acquisition by IonQ expected to close Q2/Q3 2026; no impact on current period results
Risk Factors
- • Regulatory risk from Hart-Scott-Rodino Act waiting period possibly delaying IonQ Mergers completion
- • Geopolitical/macro risk: reliance on foundries in Minnesota, Florida, Texas; physical damage to facilities could halt production
- • Operational risk: manufacturing tooling and infrastructure equipment have limited or no redundancy, risking production capacity loss
- • Competitive risk: potential loss of revenue if unable to penetrate new markets like rad-hard electronics due to larger competitors
- • Financial risk: revenue highly concentrated with Infineon representing 43% of 2025 sales, loss would materially harm results
SkyWater Technology, Inc FY2025 Key Financial MetricsXBRL
Revenue
$442M
▲ +29.2% YoY
Net Income
$119M
▲ +1850.5% YoY
Gross Margin
19.7%
▼ -68bp YoY
Operating Margin
-0.6%
▼ -250bp YoY
Net Margin
26.9%
▲ +2888bp YoY
ROE
63.3%
▲ +7510bp YoY
Total Assets
$734M
▲ +133.9% YoY
EPS (Diluted)
$2.44
▲ +1842.9% YoY
Operating Cash Flow
-$29M
▼ -256.9% YoY
Source: XBRL data from SkyWater Technology, Inc FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on SkyWater Technology, Inc
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.