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Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. It operates in two segments Space and Defense Tech. The company offers sensors and avionics systems, including star trackers and sun sensors, which are critical for accurate navigation and control of spacecraft; camera systems; infrared, space situational awareness, and position timing and navigation payloads; It also provides software suite that enables digital engineering and generation of high-fidelity, interactive modeling and simulations of individual components, entire spacecraft, and full constellations in a cloud-based environment. In addition, the company offers microgravity payloads, radio frequency systems, antennas, spacecraft platforms and missions, and in-space manufacturing and biotech facilities, as well as field-proven uncrewed airborne system (UAS) technology. Further, it provides combat-proven autonomous systems, optical sensors, advanced optics, resilient energy solutions, and radio frequency payloads, as well as provides intelligence, surveillance, and reconnaissance capabilities for customers including the U.S. Department of War, U.S. Federal Civilian Agencies and allied governments across multiple domains. Redwire Corporation was founded in 2010 and is headquartered in Jacksonville, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $335M | $-179M | $-227M | $-201M | -19.9% | 10.3% | - |
| 2024 | $304M | $-91M | $-114M | $-28M | 220.2% | 24.7% | - |
| 2023 | $244M | $-6M | $-27M | $-7M | -51.6% | 51.9% | - |
| 2022 | $161M | $-119M | $-131M | $-36M | -186.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 160.55 | 243.80 | 304.10 | 335.38 |
| Cost Of Revenue | 131.85 | 185.83 | 259.65 | 318.10 |
| Gross Profit | 28.70 | 57.97 | 44.45 | 17.29 |
| Operating Expense | 75.28 | 73.50 | 77.53 | 191.04 |
| Operating Income | -46.59 | -15.54 | -33.07 | -173.76 |
| EBITDA | -119.08 | -6.33 | -91.16 | -179.22 |
| EBIT | -130.37 | -17.05 | -102.85 | -211.86 |
| Pretax Income | -138.59 | -27.75 | -116.33 | -251.57 |
| Tax Provision | -7.97 | -0.49 | -2.02 | -25.01 |
| Net Income | -130.62 | -27.26 | -114.31 | -226.55 |
| Net Income Common Stockholders | -132.38 | -47.28 | -155.37 | -272.33 |
| Total Expenses | 207.14 | 259.33 | 337.17 | 509.14 |
| Interest Expense | 8.22 | 10.70 | 13.48 | 39.70 |
| Research And Development | 4.94 | 4.98 | 6.13 | 19.76 |
| Selling General And Administration | 70.34 | 68.53 | 71.40 | 171.28 |
| Normalized EBITDA | -19.23 | -6.31 | -82.03 | -122.31 |
| Normalized Income | -36.55 | -27.25 | -105.34 | -175.27 |
| Basic EPS | -2.09 | -0.73 | -2.35 | 0 |
| Diluted EPS | -2.09 | -0.73 | -2.35 | 0 |
| Tax Effect Of Unusual Items | -5.79 | 0 | -0.16 | -5.63 |
| Tax Rate For Calcs | 0.06 | 0.02 | 0.02 | 0.10 |
| Total Unusual Items | -99.86 | -0.01 | -9.13 | -56.92 |
| Total Unusual Items Excluding Goodwill | -99.86 | -0.01 | -9.13 | -56.92 |
| Net Income From Continuing Operation Net Minority Interest | -130.62 | -27.26 | -114.31 | -226.55 |
| Reconciled Depreciation | 11.29 | 10.72 | 11.69 | 32.64 |
| Reconciled Cost Of Revenue | 131.85 | 185.83 | 259.65 | 318.10 |
| Net Interest Income | -8.22 | -10.70 | -13.48 | -39.70 |
| Net Income From Continuing And Discontinued Operation | -130.62 | -27.26 | -114.31 | -226.55 |
| Total Operating Income As Reported | 146.45 | 15.55 | 42.20 | 229.68 |
| Diluted Average Shares | 62.50 | 64.65 | 66.15 | 0 |
| Basic Average Shares | 62.50 | 64.65 | 66.15 | 0 |
| Diluted NI Availto Com Stockholders | -132.38 | -47.28 | -155.37 | -272.33 |
| Preferred Stock Dividends | 1.76 | 20.02 | 41.05 | 45.78 |
| Minority Interests | 0 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | -130.62 | -27.26 | -114.31 | -226.55 |
| Net Income Continuous Operations | -130.62 | -27.26 | -114.31 | -226.55 |
| Other Income Expense | -83.78 | -1.52 | -69.78 | -38.11 |
| Other Non Operating Income Expenses | 16.07 | -1.50 | -60.65 | 18.81 |
| Special Income Charges | -99.86 | -0.01 | -9.13 | -56.92 |
| Other Special Charges | 0 | 0 | 0 | 1 |
| Write Off | 96.62 | 0 | 0 | 34.69 |
| Impairment Of Capital Assets | 96.62 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 3.24 | 0.01 | 9.13 | 21.24 |
| Net Non Operating Interest Income Expense | -8.22 | -10.70 | -13.48 | -39.70 |
| Interest Expense Non Operating | 8.22 | 10.70 | 13.48 | 39.70 |
| Operating Revenue | 160.55 | 243.80 | 304.10 | 335.38 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Redwire Corporationthis co. | RDW | $1.7B | - | 1.55 | -19.9% | -13.72 |
| Enerpac Tool Group Corp. | EPAC | $1.9B | 20.04 | 4.28 | 21.4% | 12.96 |
| CBIZ, Inc. | CBZ | $1.8B | 18.13 | 1.01 | 6.6% | 8.18 |
| Napco Security Technologies, Inc. | NSSC | $1.7B | 37.72 | 9.71 | 25.7% | 32.13 |
| Preformed Line Products Company | PLPC | $1.7B | 47.17 |
| 3.48 |
| 7.4% |
| 20.80 |
| Hillman Solutions Corp. | HLMN | $1.6B | 45.50 | 1.32 | 3.3% | 9.50 |
| Power Solutions International, Inc. | PSIX | $1.5B | 13.55 | 8.64 | 63.8% | 14.40 |
| Proto Labs, Inc. | PRLB | $1.5B | 72.38 | 2.28 | 3.2% | 23.82 |
| The Greenbrier Companies, Inc. | GBX | $1.5B | 7.47 | 1.00 | 13.3% | 6.30 |
| Peer Median | - | 28.88 | 2.88 | 10.4% | 13.68 | |