10-Q quarterly report · filed Nov 12, 2025

SkyWater Technology, Inc (SKYT) Q3 2025 10-Q Quarterly Report

Short answer

SkyWater Technology, Inc (SKYT) filed its Q3 2025 10-Q quarterly report on Nov 12, 2025 for the quarter ended Sep 28, 2025. Quarterly revenue was $151M (up 60.7% year over year) with net income of $144M.

Q3 2025 key financials · XBRL

Revenue
$151M
+60.7% YoY · +155.2% QoQ
Net income
$144M
+9424.7% YoY · +1543.3% QoQ
Operating margin
5.2%
Gross margin
24.0%
EPS (diluted)
$2.98
+9833.3% YoY · +1519.0% QoQ

Source: XBRL data from the SkyWater Technology, Inc (SKYT) Q3 2025 10-Q on SEC EDGAR. USD.

SkyWater Technology, Inc Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk from June 30, 2025 acquisition of Infineon’s Fab 25, with integration challenges possibly delaying anticipated benefits
  • Increased leverage with $183.8M total debt as of Sept 28, 2025, including $86.5M borrowed for Fab 25 acquisition, raising interest and liquidity risks
  • Regulatory risk includes restrictive covenants in Loan Agreement limiting debt incurrence, IP acquisitions, and operational flexibility
  • Operational risk from potential delays or difficulties integrating Fab 25’s operations impacting near-term financial results
  • Financial risk from interest rate at 8.6% on $155.0M Loan Agreement debt and $0.4M monthly lease payments, increasing fixed obligations and reducing cash flexibility

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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