SKYT (SkyWater Technology, Inc.) Stock Financials & Earnings | Market Cap Arena

SKYT (SkyWater Technology, Inc.) Stock Financials & Earnings | Market Cap Arena

SKYTSkyWater Technology, Inc.

Mkt Cap$1B

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Revenue (TTM)$442M

Net Income (TTM)$119M

EPS (TTM)$2.43

Free Cash Flow (TTM)-$53M

Gross Margin20.0%

Op. Margin0.4%

Net Margin26.9%

FCF Margin-12.0%

P/S Ratio (TTM)3.3x

P/E Ratio (TTM)12.1x

YoY Rev Growth+29.2%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$66M	$16M	-$1M
Q2 23	$70M	$17M	-$4M
Q3 23	$72M	$14M	-$4M
Q4 23	$79M	$12M	-$6M
Q1 24	$80M	$13M	-$2M
Q2 24	$93M	$17M	$1M
Q3 24	$94M	$20M	$5M
Q4 24	$75M	$19M	$3M
Q1 25	$61M	$14M	-$4M
Q2 25	$59M	$11M	-$6M
Q3 25	$151M	$36M	$11M
Q4 25	$171M	$27M	$1M

Valuation

Quarter	P/S	P/E
Q1 23	6.2x	—
Q2 23	5.7x	—
Q3 23	5.3x	—
Q4 23	5.0x	—
Q1 24	4.8x	—
Q2 24	4.4x	—
Q3 24	4.2x	—
Q4 24	4.2x	—
Q1 25	4.4x	—
Q2 25	5.0x	—
Q3 25	4.2x	11.4x
Q4 25	3.3x	12.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$11M	-$14M
Q2 23	-$7M	-$7M
Q3 23	-$4M	-$5M
Q4 23	$32M	$26M
Q1 24	-$4M	-$5M
Q2 24	$9M	$8M
Q3 24	$14M	$2M
Q4 24	-$1M	$5M
Q1 25	$56M	$41M
Q2 25	-$2M	-$4M
Q3 25	-$47M	-$48M
Q4 25	-$31M	-$42M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$3M
Q2 23	$156K
Q3 23	$1M
Q4 23	$6M
Q1 24	$1M
Q2 24	$1M
Q3 24	$13M
Q4 24	$6M
Q1 25	$15M
Q2 25	$3M
Q3 25	$830K
Q4 25	$11M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+37.3%	+6.6%
Q2 23	+47.3%	+25.4%
Q3 23	+36.9%	+32.1%
Q4 23	+21.6%	+33.4%
Q1 24	+20.5%	+21.8%
Q2 24	+33.7%	+25.3%
Q3 24	+31.0%	+17.5%
Q4 24	-4.6%	-14.4%
Q1 25	-23.0%	-20.2%
Q2 25	-36.7%	-28.7%
Q3 25	+60.7%	+56.9%
Q4 25	+126.6%	+132.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$2M	2.8%
Q2 23	$2M	2.8%
Q3 23	$2M	2.6%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q3 24	$0	0.0%
Q4 24	$2M	2.7%
Q1 25	$2M	3.1%
Q2 25	$0	0.0%
Q3 25	$0	0.0%
Q4 25	$8M	4.4%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 23	$3M	$15M
Q2 23	$2M	$18M
Q3 23	$2M	$16M
Q4 23	$3M	$15M
Q1 24	$4M	$11M
Q2 24	$3M	$12M
Q3 24	$3M	$12M
Q4 24	$4M	$12M
Q1 25	$3M	$15M
Q2 25	$3M	$14M
Q3 25	$4M	$21M
Q4 25	$4M	$22M

Revenue by Geography

Quarter	Canada	Hong Kong	Others Countries	United States	All Other Countries
Q1 23	$2M	$3M	$2M	$58M	—
Q3 23	$2M	$289K	$2M	$67M	—
Q1 24	$2M	$47K	$847K	$76M	—
Q2 24	$2M	$32K	$700K	$91M	—
Q3 24	$2M	$592K	$573K	$90M	—
Q1 25	$2M	$474K	—	$57M	$1M
Q2 25	$3M	$293K	—	$54M	$1M
Q3 25	$5M	$114K	—	$145M	$1M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$14M	$0	$14M
Q2 23	$16M	$0	$16M
Q3 23	$17M	$0	$17M
Q4 23	$18M	$0	$18M
Q1 24	$20M	$0	$20M
Q2 24	$18M	$0	$18M
Q3 24	$21M	$0	$21M
Q4 24	$19M	$0	$19M
Q1 25	$51M	$0	$51M
Q2 25	$49M	$0	$49M
Q3 25	$31M	$0	$31M
Q4 25	$23M	$0	$23M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	44M	+2.8%
Q2 23	45M	+2.1%
Q3 23	46M	+3.8%
Q4 23	47M	+1.2%
Q1 24	47M	+0.2%
Q2 24	47M	+0.6%
Q3 24	48M	+0.5%
Q4 24	47M	-0.5%
Q1 25	48M	+0.8%
Q2 25	48M	+0.6%
Q3 25	49M	+1.4%
Q4 25	49M	-0.4%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	$361K	590
FY 23	$392K	731
FY 24	$488K	702
FY 25	$630K	702