v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 28, 2026
Dec. 28, 2025
Current assets    
Cash and cash equivalents $ 12,582 $ 23,224
Accounts receivable (net of allowance for credit losses of $16 and $80, respectively) 92,742 100,083
Contract assets (net of allowance for credit losses of $2 and 26000, respectively) 30,694 18,020
Inventory 26,232 24,600
Prepaid expenses and other current assets 17,465 27,269
Total current assets 179,715 193,196
Property and equipment, net 498,084 511,720
Intangible assets, net 13,671 9,168
Other assets 30,996 19,823
Total assets 722,466 733,907
Current liabilities    
Current portion of long-term debt 9,783 5,940
Accounts payable 36,281 34,871
Accrued expenses 64,443 56,612
Short-term financing, net of unamortized debt issuance costs 182,496 184,402
Contract liabilities 24,868 42,195
Income taxes payable 176 0
Total current liabilities 318,047 324,020
Long-term liabilities    
Long-term debt, less current portion and net of unamortized debt issuance costs 61,066 32,939
Long-term contract liabilities 124,946 149,470
Deferred income tax liability, net 5,660 6,369
Other long-term liabilities 26,953 25,297
Total long-term liabilities 218,625 214,075
Total liabilities 536,672 538,095
Commitments and contingencies (Note 10)
Shareholders’ equity    
Preferred stock, $0.01 par value per share (80,000 shares authorized; zero shares issued and outstanding as of June 28, 2026 and December 28, 2025) 0 0
Common stock, $0.01 par value per share (200,000 shares authorized; 48,176 and 48,608 shares issued and outstanding as of June 28, 2026 and December 28, 2025, respectively) 497 489
Additional paid-in capital 210,592 202,386
Accumulated deficit (33,742) (15,056)
Total shareholders’ equity, SkyWater Technology, Inc. 177,347 187,819
Noncontrolling interests 8,447 7,993
Total shareholders’ equity 185,794 195,812
Total liabilities and shareholders’ equity $ 722,466 $ 733,907