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RDW

Redwire Corporation

RDW

Redwire Corporation • NYSE
$5.51 ▲ 2.61% (+0.14)
Market Cap $908.75 M
52w High $26.66
52w Low $4.87
Dividend Yield 0%
P/E -1.77
Volume 2.60M
Outstanding Shares 164.93M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $103.432M ▲ $58.662M ▼ $-41.152M ▲ -39.787% ▲ $-0.29 ▲ $-15.887M ▲
Q2-2025 $61.76M ▲ $72.827M ▲ $-96.979M ▼ -157.026% ▼ $-1.41 ▼ $-70.188M ▼
Q1-2025 $61.395M ▼ $23.358M ▼ $-2.948M ▲ -4.802% ▲ $-0.091 ▲ $-7.472M ▲
Q4-2024 $69.56M ▲ $23.604M ▼ $-67.169M ▼ -96.563% ▼ $-1.38 ▼ $-12.121M ▼
Q3-2024 $68.638M $24.535M $-20.959M -30.536% $-0.37 $-4.531M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $54.328M ▼ $1.446B ▼ $518.201M ▲ $928.045M ▼
Q2-2025 $78.559M ▲ $1.508B ▲ $448.701M ▲ $1.059B ▲
Q1-2025 $54.221M ▲ $314.099M ▲ $247.429M ▼ $66.67M ▲
Q4-2024 $49.071M ▲ $292.617M ▲ $344.526M ▲ $-51.909M ▼
Q3-2024 $43.094M $289.945M $277.669M $12.276M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-41.152M ▲ $-20.325M ▲ $-7.489M ▲ $3.43M ▼ $-24.231M ▼ $-27.814M ▲
Q2-2025 $-96.979M ▼ $-87.663M ▼ $-157.674M ▼ $269.299M ▲ $24.338M ▲ $-90.625M ▼
Q1-2025 $-2.948M ▲ $-45.081M ▼ $-4.055M ▲ $54.19M ▲ $5.15M ▼ $-46.871M ▼
Q4-2024 $-67.169M ▼ $7.064M ▲ $-4.149M ▼ $3.436M ▼ $5.977M ▼ $3M ▲
Q3-2024 $-20.959M $-17.67M $-3.594M $33.351M $12.262M $-20.468M

Five-Year Company Overview

Income Statement

Income Statement Redwire’s revenue base is still relatively small but has been growing steadily each year, showing good business traction in a young company. Profitability remains a challenge: while basic operating performance has recently edged into the black, the company still posts losses once all expenses are included, and underlying cash earnings are negative. Overall, the income statement tells a story of a company moving in the right direction on growth and operating discipline, but not yet at a sustainable profit level and with some volatility in results.

Balance Sheet

Balance Sheet The balance sheet shows a business that has been adding assets over time but has absorbed enough losses that shareholder equity has turned negative. Debt has crept higher, and while cash has improved, it remains limited relative to overall obligations. This combination of negative equity and growing leverage points to a thinner financial cushion and higher balance-sheet risk, meaning Redwire has less room to absorb setbacks without needing additional support.

Cash Flow

Cash Flow Redwire’s cash flow profile is still that of a developing business. Day‑to‑day operations continue to consume cash, though the burn rate has improved and is getting closer to breakeven. Capital spending needs have been modest, so most of the cash usage comes from operating losses rather than heavy investment in physical assets. The company’s future comfort level will depend heavily on its ability to turn recent revenue growth into consistent positive operating cash flow, or else it will need ongoing access to outside financing.

Competitive Edge

Competitive Edge Redwire occupies a distinctive niche in space infrastructure, focusing on mission‑critical components and systems rather than being a broad, full‑service prime contractor. Its strengths lie in proven technologies like roll‑out solar arrays, on‑orbit manufacturing, and specialized digital engineering tools, combined with established relationships with agencies such as NASA and defense customers. This “heritage plus innovation” mix gives it credibility and differentiation. At the same time, Redwire competes in an ecosystem dominated by much larger aerospace and defense companies and is exposed to program timing, government budget cycles, and a still‑maturing commercial space market.

Innovation and R&D

Innovation and R&D Innovation is clearly at the core of Redwire’s strategy. The company is pushing forward in several advanced areas: deployable solar arrays for next‑generation missions, in‑space assembly and manufacturing through its Archinaut platform, AI‑driven mission design software, and early work in space‑based pharmaceutical research via SpaceMD. These initiatives provide meaningful technical differentiation and potential new revenue streams, but many are early‑stage and technically complex, so timelines, adoption rates, and ultimate profitability remain uncertain.

Summary

Overall, Redwire looks like an early‑stage space infrastructure player with a strong technology story but still‑developing financial foundations. The business is successfully growing revenue and showing signs of improving operating efficiency, yet it remains loss‑making and uses cash, with a balance sheet that has become more stretched and offers limited buffer. Its competitive edge comes from specialized, flight‑proven technologies and deep innovation in promising but still emerging markets like on‑orbit manufacturing and space‑based biotech. The key questions going forward are whether it can scale these innovations into stable, recurring revenue, reach consistent profitability, and strengthen its financial position while operating in a capital‑intensive and contract‑driven industry.

NEWS

November 19, 2025 · 7:30 AM UTC

Redwire Awarded $44 Million DARPA Contract to Advance Very Low-Earth Orbit Mission

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November 17, 2025 · 7:30 AM UTC

Redwire Opens New Facility in Michigan to Increase Production of Critical Fuel Cells for Stalker UAS

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November 13, 2025 · 7:30 AM UTC

Redwire Announces Partnership Between Edge Autonomy and Eurolink Systems to Provide Uncrewed Aerial Systems to the Italian Defense Sector

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November 12, 2025 · 7:30 AM UTC

Redwire Announces Contract to Deliver Uncrewed Aerial Systems to Croation Border Patrol

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November 5, 2025 · 4:18 PM UTC

Redwire Corporation Reports Third Quarter 2025 Financial Results

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