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Dec 31, 2025
Redwire Q4 2025 Earnings Report
Redwire Corporation reported its fourth quarter 2025 financial results, showing significant revenue growth driven by the Edge Autonomy acquisition and record backlog.
Key Takeaways
Redwire achieved record quarterly revenue of $108.8 million, a 56.4% increase year-over-year, though it faced a widened net loss of $85.5 million due to non-recurring activities and impairment charges. The company strengthened its balance sheet through debt repayment and reported a record contracted backlog of $411.2 million.
Quarterly revenue grew 56.4% year-over-year to $108.8 million, reaching the top end of 2025 guidance.
Contracted backlog reached a record $411.2 million, providing strong momentum for 2026.
The company significantly improved liquidity to $130.2 million and reduced debt by $105.5 million using an ATM program.
Financial results were impacted by $34.7 million in impairment expenses and EAC adjustments on development-stage programs.
Revenue by Segment
Forward Guidance
Redwire expects significant revenue growth in 2026, targeting a range of $450 million to $500 million.
Positive Outlook
- Full year 2026 revenue guidance of $450 million to $500 million.
- Record backlog of $411.2 million entering the new fiscal year.
- Estimated annualized interest savings of over $17 million following debt refinancing.
- Transition of development-stage programs into production expected to drive gross margin improvement.
- Strong positioning in Very Low Earth Orbit (VLEO) and autonomous systems.
Challenges Ahead
- Ongoing impact from development-stage programs currently affecting margins.
- Exposure to macroeconomic uncertainty and high inflation.
- Dependence on a limited number of customers for a high percentage of revenue.
- Risks associated with the integration of the Edge Autonomy acquisition.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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