v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 29, 2025
Dec. 29, 2024
Current assets    
Cash and cash equivalents $ 49,373 $ 18,844
Accounts receivable (net of allowance for credit losses of $125 and $398, respectively) 32,016 54,332
Contract assets (net of allowance for credit losses of $19 and $42, respectively) 19,250 20,890
Inventory 13,385 14,535
Prepaid expenses and other current assets 41,914 23,476
Total current assets 155,938 132,077
Property and equipment, net 161,582 165,431
Intangible assets, net 8,441 7,779
Other assets 8,732 8,488
Total assets 334,693 313,775
Current liabilities    
Current portion of long-term debt 6,752 5,073
Accounts payable 15,353 29,590
Accrued expenses 40,627 36,829
Short-term financing, net of unamortized debt issuance costs 23,614 27,669
Contract liabilities 61,250 55,166
Total current liabilities 147,596 154,327
Long-term liabilities    
Long-term debt, less current portion and net of unamortized debt issuance costs 35,316 34,704
Long-term contract liabilities 90,887 51,901
Deferred income tax liability, net 604 632
Other long-term liabilities 8,324 8,721
Total long-term liabilities 135,131 95,958
Total liabilities 282,727 250,285
Commitments and contingencies (Note 9)
Shareholders’ equity    
Preferred stock, $0.01 par value per share (80,000 shares authorized; zero shares issued and outstanding as of June 29, 2025 and December 29, 2024) 0 0
Common stock, $0.01 par value per share (200,000 shares authorized; 48,176 and 47,704 shares issued and outstanding as of June 29, 2025 and December 29, 2024, respectively) 485 478
Additional paid-in capital 194,070 189,132
Accumulated deficit (149,319) (131,996)
Total shareholders’ equity, SkyWater Technology, Inc. 45,236 57,614
Noncontrolling interests 6,730 5,876
Total shareholders’ equity 51,966 63,490
Total liabilities and shareholders’ equity $ 334,693 $ 313,775