Private company
SkyWater Technology, LLC
Semiconductors and related devices company.
Last updated Oct 18, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
19.7%Gross margin3
-0.6%Operating margin3
26.9%Net margin3
29.2%Revenue growth, 20253
63.3%Return on equity3
0.18×Debt to equity3
-$53.3MFree cash flow3
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue60¢$355.2M
- Research and development2¢$14.6M
- Selling, general and admin13¢$74.9M
- Income tax5¢$28.0M
- Profit20¢$118.9M
Out of $442.1M in revenue.3
Financial statements
| Fiscal year | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $140.4M4 | $162.8M5 | $286.7M6 | $342.3M3 | $442.1M3 | |
| Cost of revenue | $117.7M4 | $170.3M5 | $227.4M6 | $272.6M3 | $355.2M3 | |
| Gross profit | $22.7M4 | -$7.5M5 | $59.3M6 | $69.6M3 | $86.9M3 | |
| Research and development | $4.2M4 | $8.7M5 | $10.2M6 | $15.0M3 | $14.6M3 | |
| Selling, general and admin | $25.0M4 | $43.6M5 | $63.9M6 | $48.0M3 | $74.9M3 | |
| Operating income | -$8.6M4 | -$57.1M5 | -$14.8M6 | $6.6M3 | -$2.6M3 | |
| Interest | $5.5M4 | $3.5M5 | $10.8M5 | |||
| Income tax | $4.9M4 | -$6.8M5 | -$521.0K6 | $240.0K3 | -$28.0M3 | |
| Net income | -$20.6M4 | -$50.7M5 | -$30.8M6 | -$6.8M3 | $118.9M3 | |
| Earnings per share | -$1.154 | -$1.765 | -$0.686 | -$0.143 | $2.473 | |
| Earnings per share (diluted) | -$1.154 | -$1.765 | -$0.686 | -$0.143 | $2.443 |
| Fiscal year | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash | $4.6M4 | $7.4M9 | $12.9M4 | $18.4M6 | $18.8M3 | $23.2M3 |
| Current assets | $76.6M9 | $74.4M4 | $146.4M6 | $130.1M3 | $193.2M3 | |
| Total assets | $263.2M9 | $263.6M4 | $316.8M6 | $311.8M3 | $733.9M3 | |
| Current liabilities | $86.3M9 | $47.8M4 | $144.2M6 | $154.3M3 | $324.0M3 | |
| Long-term debt | $69.8M9 | $58.4M4 | $36.1M6 | $34.7M3 | $32.9M3 | |
| Total liabilities | $264.8M9 | $203.7M4 | $256.1M6 | $250.3M3 | $538.1M3 | |
| Shareholders’ equity | $24.2M4 | -$16.0K9 | $61.1M4 | $53.7M6 | $55.6M3 | $187.8M3 |
| Shares outstanding | 0 shares9 | 39.9M shares9 | 47.0M shares6 | 47.7M shares3 | 48.6M shares3 |
Leadership
Who has led SkyWater Technology, LLC, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2025
- Chief executive officerThomas Sonderman Apr 20, 2021 to now10
- PresidentJohn Sakamoto Sep 28, 2023 to now11
- PresidentThomas Sonderman Apr 20, 2021 to May 15, 202310
- Chief financial officerSteve Manko Apr 21, 2021 to now12
- Chief operating officerJohn Sakamoto Sep 28, 2023 to now11
Board members and other officers (22)
- Chief Risk & Compl. OfficerChristopher Hilberg Dec 13, 2024 to now13
- Chief Human Resources OfficerAmanda Daniel Jun 21, 2022 to Aug 15, 202314
- EVP OperationsJohn Spicer Jun 21, 2022 to Mar 17, 202315
- Chief Revenue OfficerMark Litecky Jun 21, 2022 to Aug 15, 202316
- Chief Technology OfficerSteve Kosier Jun 21, 2022 to Aug 15, 202317
- VP of FinanceKhoua Yang Apr 21, 2021 to Apr 22, 202118
- Chief Admin OfficerSteven P. Wold Apr 21, 2021 to Apr 22, 202119
- Board memberTammy J. Miller Apr 4, 2025 to now20
- Board memberTimothy E. Baxter Apr 4, 2025 to now21
- Board memberJoseph J. Humke Apr 2, 2024 to now22
- Board memberDennis J. Goetz Apr 11, 2024 to now23
- Board memberEdward Daly Oct 5, 2023 to now24
- Board memberChunyi (amy) Leong Mar 1, 2022 to May 24, 202425
- Board memberNancy Fares Mar 1, 2022 to now26
- Board memberGregory B. Graves Mar 4, 2022 to now27
- Board memberJohn T. Kurtzweil Apr 20, 2021 to Jun 14, 202328
- Board memberLoren A. Unterseher Apr 20, 2021 to now29
- Board memberThomas Sonderman Apr 20, 2021 to now10
- Board memberWendi B. Carpenter Apr 20, 2021 to Apr 22, 202130
- Board memberGary J. Obermiller Apr 21, 2021 to May 24, 202431
- Board memberThomas R. Lujan Apr 21, 2021 to Jan 23, 202432
- General counselChristopher Hilberg Feb 10, 2023 to Mar 15, 202433
Former names
Timeline
- Apr 20, 2021New chief executive Thomas Sonderman becomes CEO10
Filings
491 filings to the SEC since October 2021: 6 annual reports, 18 quarterly reports, 49 major events, 296 insider forms, 17 large holders, 105 other. The latest 20:
- Aug 14, 2026SCHEDULE 13G EDGAR
- Aug 10, 202615-12G EDGAR
- Aug 7, 202610-Q EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 2026SCHEDULE 13G/A EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 20264 EDGAR
- Jul 31, 2026POSASR EDGAR
- Jul 31, 2026S-8 POS EDGAR
- Jul 31, 2026S-8 POS EDGAR
- Jul 31, 20268-K EDGAR
The 491 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 17 such filings since October 2021, the latest 10:
- Aug 14, 2026SCHEDULE 13G
- Jul 31, 2026SCHEDULE 13G/A
- Apr 27, 2026SCHEDULE 13G
- Feb 13, 2026SCHEDULE 13G/A
- Nov 13, 2025SCHEDULE 13G/A
- Oct 29, 2025SCHEDULE 13G/A
- Aug 14, 2025SCHEDULE 13G/A
- May 13, 2025SCHEDULE 13G/A
- Feb 14, 2025SCHEDULE 13G/A
- Jan 8, 2025SCHEDULE 13G/A
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11SEC EDGARJohn Sakamoto, President
- 12SEC EDGARSteve Manko, Chief financial officer
- 13
- 14
- 15SEC EDGARJohn Spicer, EVP Operations
- 16SEC EDGARMark Litecky, Chief Revenue Officer
- 17
- 18SEC EDGARKhoua Yang, VP of Finance
- 19SEC EDGARSteven P. Wold, Chief Admin Officer
- 20SEC EDGARTammy J. Miller, Board member
- 21SEC EDGARTimothy E. Baxter, Board member
- 22SEC EDGARJoseph J. Humke, Board member
- 23SEC EDGARDennis J. Goetz, Board member
- 24SEC EDGAREdward Daly, Board member
- 25SEC EDGARChunyi (amy) Leong, Board member
- 26SEC EDGARNancy Fares, Board member
- 27SEC EDGARGregory B. Graves, Board member
- 28SEC EDGARJohn T. Kurtzweil, Board member
- 29SEC EDGARLoren A. Unterseher, Board member
- 30SEC EDGARWendi B. Carpenter, Board member
- 31SEC EDGARGary J. Obermiller, Board member
- 32SEC EDGARThomas R. Lujan, Board member
- 33SEC EDGARChristopher Hilberg, General counsel