SkyWater files Fab 25 acquisition financials: FY2024 revenue $335.5M, net assets $176.8M

SkyWater Technology, Inc

FY2024 revenue $335.5M; net revenues after direct expenses $25.9M (7.7% margin).
Audited net assets acquired $176.8M as of Sep 2024; total assets $245.3M, liabilities $68.4M.
All revenue from related-party sales to Infineon (sole customer).
Transaction closed June 30, 2025; long-term supply agreement with Infineon in place.
Pro forma combined statements filed reflecting acquisition and debt financing.

item 9.01

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