Monitor the company's ability to convert its record $411.2 million backlog into revenue and improve margins in 2026. The significant non-recurring losses suggest potential one-time charges that may not recur, but the company's path to profitability remains uncertain despite strong revenue growth and backlog.
Price Chart
Executive Summary
Redwire reported strong 2025 financial results with 10.3% revenue growth to $335.4 million and a record $411.2 million backlog, driven by defense and space contracts. Despite a significant net loss of $226.6 million due to non-recurring items, the company strengthened its balance sheet by repaying $105.5 million in debt and forecasted 2026 revenue of $450-500 million. The filing includes an amended credit agreement and termination of a prior loan.
Key Financial Metrics
Key Facts
- Revenue increased 10.3% YoY to $335.4 million for full year 2025
- Net loss widened to $226.6 million due to $130+ million in non-recurring items
- Record contracted backlog of $411.2 million, up from $296.7 million
- Forecasted 2026 revenue of $450-500 million
- Repaid $105.5 million of debt and refinanced remaining credit agreement
- Book-to-bill ratio improved to 1.32 for full year 2025
- Completed acquisition of Edge Autonomy and delivered 100+ StalkerPenguin UAS
Financial Impact
Revenue growth of $31.3 million with $112.2 million increase in net loss
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Space | $209.8M | -17.8% |
| Defense Tech | $125.6M | +157.3% |
Risk Factors
- High net loss despite revenue growth indicates ongoing profitability challenges
- Dependence on government contracts and integration of recent acquisitions
- Execution risk in transitioning development programs to production
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K/A Filing (Primary) | 0001819810-26-000019 |
| Document: 0001819810-26-000019-index-headers.html | 0001819810-26-000019 |
| Document: 0001819810-26-000019-index.html | 0001819810-26-000019 |
| Document: 0001819810-26-000019.txt | 0001819810-26-000019 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 9, 2026 7w ago | Institutional Cluster | $13.12 $11.23 | ▼ −14.41% | ▼ −13.49% | $10.88 (−17.07%) |
Jun 11, 2026 16w ago | Institutional Cluster | $17.09 $10.47 | ▼ −38.74% | ▼ −40.63% | $10.88 (−36.34%) |
Jun 9, 2026 16w ago | 8-K | $15.75 $10.21 | ▲ +35.17% | ▲ +36.62% | $10.88 (+30.92%) |
Jun 9, 2026 16w ago | 424B5 | $15.75 $10.21 | ▲ +35.17% | ▲ +36.62% | $10.88 (+30.92%) |
May 19, 2026 19w ago | 144 | $13.91 $14.36 | ▼ −3.24% | ▼ −2.25% | $10.88 (+21.78%) |
May 6, 2026 21w ago | 8-K | $9.20 $18.62 | ▲ +102.39% | ▲ +99.26% | $10.88 (+18.26%) |
Apr 10, 2026 25w ago | DEFA14A | $9.99 $12.16 | ▲ +21.72% | ▲ +13.99% | $10.88 (+8.91%) |
Feb 26, 2026 31w ago | 8-K/A | $9.55 $8.87 | ▼ −7.12% | ▼ −0.72% | $10.88 (+13.93%) |
US Market Status
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