RDW · Redwire Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $96.97M | - | $103.43M | $61.76M | $61.40M | - | $68.64M | $78.11M | $87.79M | - |
| Cost of Revenue | $71.16M | - | $86.62M | $80.82M | $52.35M | - | $56.62M | $65.13M | $72.97M | - |
| Gross Profit | $25.81M | - | $16.81M | ($19.06M) | $9.04M | - | $12.02M | $12.98M | $14.82M | - |
| R&D | $12.58M | - | $7.69M | $1.72M | $813.0K | - | $1.89M | $1.75M | $1.04M | - |
| SG&A | $82.89M | - | $50.28M | $54.46M | $18.75M | - | $17.52M | $18.09M | $17.36M | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $11.25M | - | - | - | $3.05M | - | - | - | $2.75M | - |
| Operating Income | ($69.70M) | - | ($41.85M) | ($91.89M) | ($14.32M) | - | ($12.51M) | ($7.13M) | ($3.58M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $641.0K | - | $6.86M | ($32.60M) | ($182.0K) | - | ($472.0K) | $15.0K | $109.0K | - |
| Net Income | ($76.50M) | - | ($41.15M) | ($96.98M) | ($2.95M) | - | ($20.96M) | ($18.09M) | ($8.10M) | - |
| EPS - Basic | ($0.40) | - | ($0.29) | ($1.41) | ($0.09) | - | ($0.37) | ($0.42) | ($0.17) | - |
| EPS - Diluted | ($0.40) | - | ($0.29) | ($1.41) | ($0.09) | - | ($0.37) | ($0.42) | ($0.17) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $144.51M | $94.47M | $52.28M | $76.50M | $54.22M | $33.71M | $27.80M | $30.83M | $32.57M | $30.28M |
| Accounts Receivable | $24.34M | $37.25M | $31.98M | $36.81M | $15.25M | $21.91M | $22.65M | $22.08M | $18.99M | $32.41M |
| Inventory | $69.35M | $55.85M | $53.49M | $58.84M | $2.19M | $2.24M | $2.06M | $1.82M | $1.61M | $1.52M |
| Accounts Payable | $42.38M | $32.30M | $34.31M | $38.88M | $28.18M | $32.13M | $19.94M | $27.80M | $28.06M | $18.57M |
| Current Assets | $320.71M | $252.81M | $210.64M | $244.52M | $142.13M | $125.92M | $126.54M | $105.31M | $99.92M | $109.31M |
| Total Assets | $1.51B | $1.45B | $1.45B | $1.51B | $314.10M | $292.62M | $289.94M | $260.27M | $259.54M | $271.27M |
| Current Liabilities | $183.10M | $155.61M | $149.58M | $167.43M | $118.54M | $149.34M | $131.02M | $107.30M | $103.41M | $112.04M |
| Long-term Debt | $83.37M | $80.04M | $184.70M | $185.46M | $104.38M | $124.46M | $121.55M | $94.65M | $89.74M | $86.84M |
| Total Liabilities | $346.57M | $312.09M | $413.33M | $448.70M | $247.43M | $344.53M | $277.67M | $229.84M | $213.01M | $218.44M |
| Stockholders' Equity | $1.09B | $1.06B | $928.04M | $907.59M | ($68.06M) | ($188.71M) | ($96.42M) | ($78.27M) | ($49.79M) | ($43.51M) |
| Retained Earnings | ($698.26M) | ($621.76M) | ($536.29M) | ($493.39M) | ($351.05M) | ($348.11M) | ($280.94M) | ($259.98M) | ($241.89M) | ($233.79M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($6.67M) | - | - | - | ($45.08M) | - | - | - | $2.76M | - |
| Investing Cash Flow | ($6.04M) | - | - | - | ($4.05M) | - | - | - | ($2.37M) | - |
| Financing Cash Flow | $63.08M | - | - | - | $54.19M | - | - | - | $2.03M | - |
| CapEx | $4.75M | - | - | - | $1.79M | - | - | - | $1.56M | - |
| Free Cash Flow | ($11.42M) | - | - | - | ($46.87M) | - | - | - | $1.20M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 26.6% | - | 16.3% | -30.9% | 14.7% | - | 17.5% | 16.6% | 16.9% | - |
| Operating margin | -71.9% | - | -40.5% | -148.8% | -23.3% | - | -18.2% | -9.1% | -4.1% | - |
| EBITDA margin | -60.3% | - | - | - | -18.4% | - | - | - | -0.9% | - |
| Net margin | -78.9% | - | -39.8% | -157.0% | -4.8% | - | -30.5% | -23.2% | -9.2% | - |
| Free cash flow margin | -11.8% | - | - | - | -76.3% | - | - | - | 1.4% | - |
| FCF / Net income | 0.15 | - | - | - | 15.90 | - | - | - | -0.15 | - |
| R&D / Revenue | 13.0% | - | 7.4% | 2.8% | 1.3% | - | 2.8% | 2.2% | 1.2% | - |
| SG&A / Revenue | 85.5% | - | 48.6% | 88.2% | 30.5% | - | 25.5% | 23.2% | 19.8% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -5.1% | - | -2.8% | -6.4% | -0.9% | - | -7.2% | -7.0% | -3.1% | - |
| Return on equity | -7.0% | - | -4.4% | -10.7% | 4.3% | - | 21.7% | 23.1% | 16.3% | - |
| Return on invested capital | -4.7% | - | -3.0% | -6.6% | -31.1% | - | -39.3% | -34.4% | -7.1% | - |
| Liquidity | ||||||||||
| Current ratio | 1.75 | 1.62 | 1.41 | 1.46 | 1.20 | 0.84 | 0.97 | 0.98 | 0.97 | 0.98 |
| Quick ratio | 1.37 | 1.27 | 1.05 | 1.11 | 1.18 | 0.83 | 0.95 | 0.96 | 0.95 | 0.96 |
| Cash ratio | 0.79 | 0.61 | 0.35 | 0.46 | 0.46 | 0.23 | 0.21 | 0.29 | 0.31 | 0.27 |
| Leverage | ||||||||||
| Debt / Equity | 0.08 | 0.08 | 0.20 | 0.20 | -1.53 | -0.66 | -1.26 | -1.21 | -1.80 | -2.00 |
| Debt / Assets | 0.06 | 0.06 | 0.13 | 0.12 | 0.33 | 0.43 | 0.42 | 0.36 | 0.35 | 0.32 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.39 | 1.37 | 1.56 | 1.66 | -4.61 | -1.55 | -3.01 | -3.33 | -5.21 | -6.23 |
| Liabilities / Assets | 0.23 | 0.22 | 0.29 | 0.30 | 0.79 | 1.18 | 0.96 | 0.88 | 0.82 | 0.81 |
| Efficiency | ||||||||||
| Asset turnover | 0.06 | - | 0.07 | 0.04 | 0.20 | - | 0.24 | 0.30 | 0.34 | - |
| Inventory turnover | 1.03 | - | 1.62 | 1.37 | 23.88 | - | 27.55 | 35.69 | 45.26 | - |
| Days sales outstanding | 92d | - | 113d | 218d | 91d | - | 120d | 103d | 79d | - |
| Days inventory outstanding | 356d | - | 225d | 266d | 15d | - | 13d | 10d | 8d | - |
| Days payable outstanding | 217d | - | 145d | 176d | 196d | - | 129d | 156d | 140d | - |
| Cash conversion cycle | 230d | - | 194d | 308d | -91d | - | 5d | -42d | -53d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 1.5x | - | 1.4x | 1.6x | - | - | - | - | - | - |
| P / S | 17.0x | - | 12.7x | 23.6x | 9.6x | - | 6.7x | 6.0x | 3.3x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 57.9% | - | 50.7% | -20.9% | -30.1% | - | 9.6% | 30.0% | 52.4% | - |
| Revenue CAGR (3y) | 19.0% | - | 40.6% | 18.9% | 24.7% | - | 28.1% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 185.5% | - | 39.8% | - | -39.0% | - | -29.8% | -18.4% | 4.3% | - |
| Operating income growth (YoY) | -386.8% | - | -234.5% | -1188.8% | -300.3% | - | -360.5% | -84.9% | -61.3% | - |
| Net income growth (YoY) | -2495.0% | - | -96.3% | -436.0% | 63.6% | - | -235.2% | -231.1% | -11.5% | - |
| EPS growth (YoY) | -344.4% | - | 21.6% | -235.7% | 47.1% | - | -164.3% | -162.5% | 5.6% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 75.6% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | -36.7% | -333.7% | -234.2% | -225.6% | -329.8% | -549.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$72.55M totalSpace Segment$69.45M · 95.7%
Defense Tech Segment$3.10M · 4.3%
Geographic
$209.82M totalUS$105.23M · 50.2%
Europe$104.57M · 49.8%
Other Geographical Areas$15.0K · 0.0%
Peer comparison
Same SIC group: Guided Missiles & Space Vehicles & Parts
Comparing Redwire Corp against the 5 most active filers in the same SIC group.