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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $335.38M | $304.10M | $243.80M | $160.55M | $137.60M | - |
| Cost of Revenue | $318.10M | $259.65M | $185.83M | $131.85M | $108.22M | - |
| Gross Profit | $17.29M | $44.45M | $57.97M | $28.70M | $29.38M | - |
| R&D | $19.76M | $6.13M | $4.98M | $4.94M | $4.52M | - |
| SG&A | $171.28M | $71.40M | $68.53M | $70.34M | $78.69M | - |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $32.64M | $11.69M | $10.72M | $11.29M | $10.58M | - |
| Operating Income | ($229.68M) | ($42.20M) | ($15.55M) | ($146.45M) | ($70.19M) | - |
| Interest Expense | $39.77M | $13.48M | $10.70M | $8.22M | $6.46M | - |
| Income Tax | ($25.01M) | ($2.02M) | ($486.0K) | ($7.97M) | ($11.27M) | - |
| Net Income | ($226.55M) | ($114.31M) | ($27.26M) | ($130.62M) | ($61.54M) | - |
| EPS - Basic | ($2.28) | ($2.35) | ($0.73) | ($2.09) | ($1.36) | - |
| EPS - Diluted | ($2.28) | ($2.35) | ($0.73) | ($2.09) | ($1.36) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $94.47M | $33.71M | $30.28M | $28.32M | $20.52M | $1.30M |
| Accounts Receivable | $37.25M | $21.91M | $32.41M | $26.73M | $16.26M | - |
| Inventory | $55.85M | $2.24M | $1.52M | $1.47M | $688.0K | - |
| Accounts Payable | $32.30M | $32.13M | $18.57M | $17.58M | $13.13M | $125.0K |
| Current Assets | $252.81M | $125.92M | $109.31M | $96.17M | $55.22M | $1.48M |
| Total Assets | $1.45B | $292.62M | $271.27M | $257.70M | $261.76M | $167.72M |
| Current Liabilities | $155.61M | $149.34M | $112.04M | $94.74M | $51.24M | $127.5K |
| Long-term Debt | $80.04M | $124.46M | $86.84M | $74.75M | $74.87M | - |
| Total Liabilities | $312.09M | $344.53M | $218.44M | $187.81M | $154.53M | $5.86M |
| Stockholders' Equity | $1.06B | ($188.71M) | ($43.51M) | ($6.70M) | $107.22M | $5.00M |
| Retained Earnings | ($621.76M) | ($348.11M) | ($233.79M) | ($206.53M) | ($75.91M) | ($28.9K) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($177.33M) | ($17.35M) | $1.23M | ($31.66M) | ($37.36M) | - |
| Investing Cash Flow | ($175.07M) | ($7.20M) | ($8.33M) | ($37.38M) | ($38.54M) | - |
| Financing Cash Flow | $397.50M | $43.72M | $9.06M | $76.56M | $74.21M | - |
| CapEx | $13.48M | $6.40M | $5.62M | $3.63M | $2.09M | - |
| Free Cash Flow | ($190.81M) | ($23.75M) | ($4.39M) | ($35.28M) | ($39.45M) | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 5.2% | 14.6% | 23.8% | 17.9% | 21.3% | - |
| Operating margin | -68.5% | -13.9% | -6.4% | -91.2% | -51.0% | - |
| EBITDA margin | -58.8% | -10.0% | -2.0% | -84.2% | -43.3% | - |
| Net margin | -67.6% | -37.6% | -11.2% | -81.4% | -44.7% | - |
| Free cash flow margin | -56.9% | -7.8% | -1.8% | -22.0% | -28.7% | - |
| FCF / Net income | 0.84 | 0.21 | 0.16 | 0.27 | 0.64 | - |
| R&D / Revenue | 5.9% | 2.0% | 2.0% | 3.1% | 3.3% | - |
| SG&A / Revenue | 51.1% | 23.5% | 28.1% | 43.8% | 57.2% | - |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -15.6% | -39.1% | -10.1% | -50.7% | -23.5% | - |
| Return on equity | -21.4% | 60.6% | 62.7% | 1949.2% | -57.4% | - |
| Return on invested capital | -15.9% | - | -28.3% | -170.0% | -30.5% | - |
| Liquidity | ||||||
| Current ratio | 1.62 | 0.84 | 0.98 | 1.02 | 1.08 | 11.61 |
| Quick ratio | 1.27 | 0.83 | 0.96 | 1.00 | 1.06 | 11.61 |
| Cash ratio | 0.61 | 0.23 | 0.27 | 0.30 | 0.40 | 10.16 |
| Leverage | ||||||
| Debt / Equity | 0.08 | -0.66 | -2.00 | -11.15 | 0.70 | - |
| Debt / Assets | 0.06 | 0.43 | 0.32 | 0.29 | 0.29 | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -5.8x | -3.1x | -1.5x | -17.8x | -10.9x | - |
| Equity multiplier | 1.37 | -1.55 | -6.23 | -38.46 | 2.44 | 33.54 |
| Liabilities / Assets | 0.22 | 1.18 | 0.81 | 0.73 | 0.59 | 0.03 |
| Efficiency | ||||||
| Asset turnover | 0.23 | 1.04 | 0.90 | 0.62 | 0.53 | - |
| Inventory turnover | 5.70 | 115.97 | 122.58 | 89.76 | 157.30 | - |
| Days sales outstanding | 41d | 26d | 49d | 61d | 43d | - |
| Days inventory outstanding | 64d | 3d | 3d | 4d | 2d | - |
| Days payable outstanding | 37d | 45d | 36d | 49d | 44d | - |
| Cash conversion cycle | 68d | -16d | 15d | 16d | 1d | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 0.9x | - | - | - | 2.8x | - |
| P / S | 2.7x | 3.6x | 0.8x | 0.8x | 2.2x | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 10.3% | 24.7% | 51.9% | 16.7% | - | - |
| Revenue CAGR (3y) | 27.8% | 30.3% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | -61.1% | -23.3% | 102.0% | -2.3% | - | - |
| Operating income growth (YoY) | -444.3% | -171.4% | 89.4% | -108.7% | - | - |
| Net income growth (YoY) | -98.2% | -319.3% | 79.1% | -112.3% | - | - |
| EPS growth (YoY) | 3.0% | -221.9% | 65.1% | -53.7% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -703.5% | -441.1% | 87.6% | 10.6% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | - | -333.7% | -549.3% | - | 2044.4% | - |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.85
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Guided Missiles & Space Vehicles & Parts
Comparing Redwire Corp against the 5 most active filers in the same SIC group.