Redwire Corp RDW
Redwire is an integrated space and defense technology company focused on advanced technologies. The Company's vision is to pioneer next-generation space and defense technologies that empower scientific discovery, advance global industries, and strengthen security - transforming how humanity explores, connects, and protects - from the skies above to the stars beyond. Powered by this vision, Redwire is building the future of aerospace infrastructure, autonomous systems, and multi-domain operations, leveraging digital engineering and artificial intelligence ("AI") automation.
Redwire's broad portfolio of airborne and space-based systems combine decades of flight heritage with an agile and innovative culture. Through its global operations, Redwire's technologies are deployed across national security, civil, and commercial space and defense technology market segments globally. Operating out of 28 locations in North America and Europe, Redwire serves a diverse set of domestic and international customers. For a discussion of risks associated with our operations, refer to Item 1A. "Risk Factors."
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Europe
- Other
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $195.9M | $150.1M | $172.9M |
| Europe | $125.3M | $153.8M | $70.8M |
| Other | $14.1M | $211.0K | $83.0K |
As the company reported it, from the “Revenues - Schedule of Revenues by Customers and Geographic Location (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Space
- Defense Tech
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Space | $209.8M | $255.3M | $194.0M |
| Defense Tech | $125.6M | $48.8M | $49.8M |
As the company reported it, from the “Segment Reporting - Schedule of Selected Financial Data by Business Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $335.4M | $304.1M | $243.8M | $160.5M | $137.6M | — | — |
| Cost of revenue | $318.1M | $259.6M | $185.8M | $131.9M | $108.2M | — | — |
| Gross profit | $17.3M | $44.5M | $58.0M | $28.7M | $29.4M | — | — |
| R&D | $19.8M | $6.1M | $5.0M | $4.9M | $4.5M | — | — |
| SG&A | $171.3M | $71.4M | $68.5M | $70.3M | $78.7M | — | — |
| Operating income | -$229.7M | -$42.2M | -$15.5M | -$146.4M | -$70.2M | — | — |
| Pre-tax income | -$251.6M | -$116.3M | -$27.8M | -$138.6M | -$72.8M | — | — |
| Income tax | $25.0M | $2.0M | $486.0K | $8.0M | $11.3M | — | — |
| Net income | -$226.6M | -$114.3M | -$27.3M | -$130.6M | -$61.5M | — | — |
| EPS, basic | -2.28 | -2.35 | -0.73 | -2.09 | -1.36 | — | — |
| EPS, diluted | -2.28 | -2.35 | -0.73 | -2.09 | -1.36 | — | — |
| Shares, diluted (wtd. avg.) | 119.5M | 66.1M | 64.7M | 63.3M | 45.1M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $94.5M | $33.7M | $30.3M | $28.3M | $20.5M | $22.1M | $9.3M |
| Receivables | $37.3M | $21.9M | $32.4M | $26.7M | $16.3M | $6.1M | — |
| Inventory | $55.8M | $2.2M | $1.5M | $1.5M | $688.0K | $330.0K | — |
| Total current assets | $252.8M | $125.9M | $109.3M | $96.2M | $55.2M | $39.3M | — |
| Property, plant and equipment | — | — | — | $12.8M | $19.4M | $3.3M | — |
| Goodwill | $779.1M | $71.2M | $65.8M | $64.6M | $96.3M | $52.7M | $0 |
| Other intangibles | $336.2M | $61.8M | $63.0M | $66.9M | $90.8M | $61.0M | — |
| Total assets | $1.45B | $292.6M | $271.3M | $257.7M | $261.8M | $156.8M | — |
| Accounts payable | $32.3M | $32.1M | $18.6M | $17.6M | $13.1M | $7.2M | — |
| Short-term debt | $5.2M | $1.3M | $1.4M | $2.6M | $2.7M | $1.1M | — |
| Total current liabilities | $155.6M | $149.3M | $112.0M | $94.7M | $51.2M | $33.6M | — |
| Long-term debt | $80.0M | $124.5M | $86.8M | $74.7M | $74.9M | $76.6M | — |
| Total liabilities | $312.1M | $344.5M | $218.4M | $187.8M | $154.5M | $117.6M | — |
| Retained earnings | -$621.8M | -$348.1M | -$233.8M | -$206.5M | -$75.9M | -$14.4M | — |
| Total equity | $1.06B | -$188.7M | -$43.3M | -$6.5M | $107.2M | $39.2M | -$13.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$177.3M | -$17.3M | $1.2M | -$31.7M | -$37.4M | — | — |
| Depreciation and amortisation | $32.6M | $11.7M | $10.7M | $11.3M | $10.6M | — | — |
| Stock-based compensation | $59.0M | $11.3M | $8.7M | $10.8M | $27.1M | — | — |
| Capital expenditure | $13.5M | $6.4M | $5.6M | $3.6M | $2.1M | — | — |
| Investing cash flow | -$175.1M | -$7.2M | -$8.3M | -$37.4M | -$38.5M | — | — |
| Financing cash flow | $397.5M | $43.7M | $9.1M | $76.6M | $74.2M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001819810-26-000050.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | — | $137.6M | $160.5M | $243.8M | $304.1M | $335.4M |
| Gross profit | — | — | $29.4M | $28.7M | $58.0M | $44.5M | $17.3M |
| Net income | — | — | -$61.5M | -$130.6M | -$27.3M | -$114.3M | -$226.6M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed Item 1.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Results announced Item 2.02
- Other event Item 8.01
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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