📊 SKYT Key Takeaways
Is SkyWater Technology, Inc (SKYT) a Good Investment?
Despite 29.2% revenue growth, SkyWater exhibits critical operational and financial distress: negative operating cash flow of -$29M, severe liquidity crisis with 0.60x current ratio, and massive divergence between reported net income and actual cash generation suggesting unsustainable non-operational gains. The company is burning $53.3M in free cash flow annually with only ~5 months of cash runway at current burn rates.
Why Buy SkyWater Technology, Inc Stock? SKYT Key Strengths
- Strong revenue growth of 29.2% year-over-year demonstrating market demand
- Reasonable leverage with debt-to-equity of 0.21x providing some balance sheet cushion
- Gross margin of 19.7% is acceptable for semiconductor manufacturing sector
SKYT Stock Risks: SkyWater Technology, Inc Investment Risks
- Negative operating cash flow of -$29M reveals fundamental operational unprofitability masking revenue growth
- Critical liquidity crisis: current ratio of 0.60x and quick ratio of 0.52x indicate current liabilities exceed liquid assets
- Massive disconnect between net income of $118.9M and operating cash flow of -$29M suggests earnings driven by one-time gains, tax credits, or accounting adjustments rather than operations
- Negative operating margin of -0.6% combined with -$53.3M free cash flow burn is unsustainable at current cash position of $23.2M
- High capital expenditure requirements of $24.3M further deplete cash reserves while generating negative returns
Key Metrics to Watch
- Operating cash flow trend - must turn positive to validate business model viability
- Cash and equivalents runway - critical survival metric with current burn rate
- Operating margin trajectory - path to profitability essential for long-term sustainability
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 appears fundamentally strong 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 |
|---|---|---|---|
| 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 |
| Q2 2023 | $47.4M | -$8.6M | $-0.19 |
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 rating of STRONG SELL with 87% 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 demonstrating market demand. Reasonable leverage with debt-to-equity of 0.21x providing some balance sheet cushion.
What are the risks of investing in SKYT?
Claude: Negative operating cash flow of -$29M reveals fundamental operational unprofitability masking revenue growth. Critical liquidity crisis: current ratio of 0.60x and quick ratio of 0.52x indicate current liabilities exceed liquid assets.
What is SKYT's revenue and growth?
SkyWater Technology, Inc reported revenue of $442.1M.
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 $2.44.
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 rating reflects both perspectives for balanced insights.
Is SKYT a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, SkyWater Technology, Inc has a STRONG SELL rating with 87% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is SKYT stock overvalued or undervalued?
Valuation metrics for SKYT: ROE of 63.3% (sector avg: 22%), net margin of 26.9% (sector avg: 18%). Higher ROE suggests strong returns relative to peers.
Should I buy SKYT stock in 2026?
Our dual AI analysis gives SkyWater Technology, Inc a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is SKYT's free cash flow?
SkyWater Technology, Inc's operating cash flow is $-29.0M, with capital expenditures of $24.3M. FCF margin is -12.1%.
How does SKYT compare to other Technology stocks?
Vs Technology sector averages: Net margin 26.9% (avg: 18%), ROE 63.3% (avg: 22%), current ratio 0.60 (avg: 2.5).
Why is SKYT's return on equity (ROE) so high?
SkyWater Technology, Inc has a return on equity of 63.3%, significantly above the Technology sector average of 22%. A high ROE indicates the company is efficient at generating profits from shareholder equity. This is supported by a 26.9% net margin.