📊 SKYT Key Takeaways
Is SkyWater Technology, Inc (SKYT) a Good Investment?
SkyWater exhibits strong revenue growth (+29.2% YoY) and positive free cash flow generation (+18.9M), but is hampered by significant operational unprofitability (net loss of -12.3M, -7.7% net margin) and concerning liquidity constraints (0.51x current ratio). The company is burning through capital to fund growth without achieving profitability, presenting execution risk despite favorable cash flow characteristics.
SkyWater Technology, Inc Key Strengths (SKYT)
- Strong revenue growth of 29.2% year-over-year demonstrates market demand and execution
- Positive operating cash flow of 27.9M and free cash flow of 18.9M despite net losses suggest underlying business model potential
- Conservative leverage with 0.21x debt-to-equity ratio provides financial flexibility
SKYT Stock Risks: SkyWater Technology, Inc Investment Risks
- Company is unprofitable with -12.3M net loss and -5.3M operating loss; negative interest coverage of -2.2x indicates inability to service debt from operations
- Severe liquidity constraints with current ratio of 0.51x and quick ratio of 0.44x below 1.0, coupled with low cash position of 22.2M relative to 732.9M asset base
- Negative returns on capital (ROE -6.8%, ROA -1.7%) demonstrate inefficient capital deployment; low gross margin of 20.0% suggests pricing pressure or manufacturing cost challenges in capital-intensive semiconductor sector
Key Metrics to Watch
- Timeline to GAAP profitability and positive operating income
- Gross margin expansion trajectory and manufacturing efficiency improvements
- Cash balance sustainability and working capital management as current ratio is at critical levels
SkyWater Technology, Inc (SKYT) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
SKYT Profit Margin, ROE & Profitability Analysis
SKYT vs Technology Sector: How SkyWater Technology, Inc Compares
How SkyWater Technology, Inc compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is SkyWater Technology, Inc Stock Overvalued? SKYT Valuation Analysis 2026
Based on fundamental analysis, SkyWater Technology, Inc has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
SkyWater Technology, Inc Balance Sheet: SKYT Debt, Cash & Liquidity
SKYT Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: SkyWater Technology, Inc's revenue has grown significantly by 172% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.14 indicates the company is currently unprofitable.
SKYT Revenue Growth, EPS Growth & YoY Performance
SKYT Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $61.3M | -$7.3M | $-0.15 |
| Q3 2025 | $93.8M | $1.5M | $0.03 |
| Q2 2025 | $59.1M | -$1.9M | $-0.04 |
| Q1 2025 | $61.3M | -$5.7M | $-0.12 |
| Q3 2024 | $71.6M | $1.5M | $0.03 |
| Q2 2024 | $69.8M | -$1.9M | $-0.04 |
| Q1 2024 | $66.1M | -$4.3M | $-0.10 |
| Q3 2023 | $52.3M | -$6.9M | $-0.16 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
SkyWater Technology, Inc Dividends, Buybacks & Capital Allocation
SKYT SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for SkyWater Technology, Inc (CIK: 0001819974)
📋 Recent SEC Filings
❓ Frequently Asked Questions about SKYT
What is the AI rating for SKYT?
SkyWater Technology, Inc (SKYT) has an AI grade of C with 72% confidence, based on fundamental analysis of SEC EDGAR filings.
What are SKYT's key strengths?
Claude: Strong revenue growth of 29.2% year-over-year demonstrates market demand and execution. Positive operating cash flow of 27.9M and free cash flow of 18.9M despite net losses suggest underlying business model potential.
What are the risks of investing in SKYT?
Claude: Company is unprofitable with -12.3M net loss and -5.3M operating loss; negative interest coverage of -2.2x indicates inability to service debt from operations. Severe liquidity constraints with current ratio of 0.51x and quick ratio of 0.44x below 1.0, coupled with low cash position of 22.2M relative to 732.9M asset base.
What is SKYT's revenue and growth?
SkyWater Technology, Inc reported revenue of $160.7M.
Does SKYT pay dividends?
SkyWater Technology, Inc does not currently pay dividends.
Where can I find SKYT SEC filings?
Official SEC filings for SkyWater Technology, Inc (CIK: 0001819974) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is SKYT's EPS?
SkyWater Technology, Inc has a diluted EPS of $-0.25.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is SKYT's fundamental grade?
Based on our AI fundamental analysis in May 2026, SkyWater Technology, Inc has a C grade with 72% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is SKYT stock overvalued or undervalued?
Valuation metrics for SKYT: ROE of -6.8% (sector avg: 22%), net margin of -7.7% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
What is SKYT's AI grade for 2026?
Our dual AI analysis gives SkyWater Technology, Inc a combined C grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is SKYT's free cash flow?
SkyWater Technology, Inc's operating cash flow is $27.9M, with capital expenditures of $9.1M. FCF margin is 11.7%.
How does SKYT compare to other Technology stocks?
Vs Technology sector averages: Net margin -7.7% (avg: 18%), ROE -6.8% (avg: 22%), current ratio 0.51 (avg: 2.5).