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Financials · RDW

Redwire Corporation (RDW) financials

For the twelve months ended Sep 30, 2026, Redwire Corporation reported $431.88M of revenue and -$226.12M of net income.

Revenue, TTM
$431.88M
Revenue growth, YoY
+45.8%
Net income, TTM
-$226.12M
Net margin
-52.4%
Free cash flow, TTM
-$136.69M
Cash
$488.12M
Total debt
$47.00M
P/S
4.48
Market cap
$1.93B
Annual revenue$335.38M
FY2021FY2025
Annual net income-$226.55M
FY2021FY2025
Annual free cash flow-$190.81M
FY2021FY2025

RDW revenue and earnings growth

RDW revenueQ3 2026$109.03M

Quarter YoY
+5.4%
QoQ
-6.9%
FY YoY
+10.3%

RDW revenue was $109.03M in fiscal Q3 2026 (ended Sep 30, 2026), up 5.4% from a year earlier and down 6.9% from the prior quarter. For the full fiscal 2025 it was $335.38M, up 10.3% from fiscal 2024. It rose in each of the last 4 fiscal years. Fiscal 2025 is the highest of the 5 fiscal years on file.

RDW net incomeQ3 2026-$23.18M

RDW net income was -$23.18M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$41.15M a year earlier. For the full fiscal 2025 it was -$226.55M, compared with -$114.31M in fiscal 2024.

RDW EPSQ3 2026-$0.09

RDW diluted EPS was -$0.09 in fiscal Q3 2026 (ended Sep 30, 2026). For the full fiscal 2025 it was -$2.28.

RDW free cash flowQ3 2026-$65.34M

RDW free cash flow was -$65.34M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$26.86M a year earlier. For the full fiscal 2025 it was -$190.81M, compared with -$23.75M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
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
Research and development$19.76M$6.13M$4.98M$4.94M$4.52M
Selling, general and admin$171.28M$71.40M$68.53M$70.34M$78.69M
Operating income-$229.68M-$42.20M-$15.55M-$146.45M-$70.19M
Pre-tax income-$251.57M-$116.33M-$27.75M-$138.59M-$72.81M
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
Diluted shares119.5M66.1M64.7M63.3M45.1M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Cash and equivalents$95.18M$49.07M$30.28M$28.32M$20.52M
Receivables$37.25M$21.91M$32.41M$26.73M$16.26M
Inventory$55.85M$2.24M$1.52M$1.47M$688.0K
Current assets$252.81M$125.92M$109.31M$96.17M$55.22M
Goodwill$779.11M$71.16M$65.76M$64.62M$96.31M
Total assets$1.45B$292.62M$271.27M$257.70M$261.76M
Current liabilities$155.61M$149.34M$112.04M$94.74M$51.24M
Short-term debt$5.16M$1.27M$1.38M$2.58M$2.68M
Long-term debt$80.04M$124.46M$86.84M$74.75M$74.87M
Total debt$85.20M$125.73M$88.22M$77.32M$77.55M
Total liabilities$312.09M$344.53M$218.44M$187.81M$154.53M
Shareholders' equity$1.06B-$188.71M-$43.28M-$6.47M$107.22M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Operating cash flow-$177.33M-$17.35M$1.23M-$31.66M-$37.36M
Capital expenditures$13.48M$6.40M$5.62M$3.63M$2.09M
Free cash flow-$190.81M-$23.75M-$4.39M-$35.28M-$39.45M
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
Stock-based compensation$58.99M$11.33M$8.66M$10.79M$27.11M
Depreciation and amortization$32.64M$11.69M$10.72M$11.29M$10.58M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
Revenue growth, YoY10.3%24.7%51.9%16.7%-
Gross margin5.2%14.6%23.8%17.9%21.3%
Operating margin-68.5%-13.9%-6.4%-91.2%-51.0%
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%
Return on equity-21.4%----57.4%
Return on assets-15.6%-39.1%-10.1%-50.7%-23.5%
Current ratio1.620.840.981.021.08
Debt to equity0.08---0.72

Source: XBRL data Redwire Corporation files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

RDW peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
RDW$431.88M+45.8%-$226.12M-52.4%$1.93B
SPCE$1.10M-33.8%-$242.08M-22007.5%$278.6M
RKLB$881.90M+59.0%-$226.88M-25.7%$38.89B
LUNR$490.12M+116.9%-$130.55M-26.6%$2.98B
VOYG$223.36M+41.8%-$176.37M-79.0%$1.68B
BKSY$132.15M+29.9%-$32.85M-24.9%$985.3M
PL$378.28M+44.1%-$359.87M-95.1%$5.02B
SPIR$67.70M-12.5%-$91.16M-134.6%$372.4M

RDW FAQ

8 questions
  • What is RDW revenue?
    Redwire Corporation (RDW) reported $431.88M of revenue for the twelve months ended Sep 30, 2026. That is up 45.8% from the year before. Revenue for fiscal 2025 was $335.38M.
  • Is RDW profitable?
    No. Redwire Corporation reported a net loss of $226.12M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does RDW have?
    Redwire Corporation reported $488.12M in cash and cash equivalents and $47.00M of debt on its most recent balance sheet in SEC filings.
  • How fast is RDW revenue growing?
    Redwire Corporation's revenue changed +10.3% in fiscal 2025, to $335.38M.
  • What is RDW gross margin?
    Redwire Corporation's gross profit was $104.07M on $431.88M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 24.1%.
  • What is RDW free cash flow?
    Redwire Corporation generated -$136.69M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$119.45M less capital expenditures.
  • When did RDW last report financial results?
    The latest statements here come from Redwire Corporation's 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this RDW financial data come from?
    Quantisnow builds these statements from the structured XBRL data Redwire Corporation files with the SEC. It is provided for information only and is not investment advice.