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Redwire
Redwire (RDW) investor relations material
Redwire Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary26 Feb, 2026
Executive summary
Completed transformation into a multi-domain space and defense tech company in 2025, highlighted by the acquisition and integration of Edge Autonomy and expansion into uncrewed aerial systems.
Expanded customer base to over 170, with a global headcount of approximately 1,410 employees by year-end 2025.
Achieved record contracted backlog of $411.2 million and record year-end liquidity of $130.2 million.
Opened a new 85,000 sq. ft. Ann Arbor facility to increase fuel cell and UAS production.
Moved up the value chain with new prime contracts in the U.S. and Europe and added mature airborne platforms.
Financial highlights
2025 revenue increased 10.3% year-over-year to $335.4 million, near the top end of guidance, with Edge Autonomy contributing $107.1 million post-acquisition.
Fourth quarter revenue was $108.8 million, up 56.4% year-over-year.
Net loss for 2025 was $(226.6) million, impacted by over $130 million in non-recurring items.
Adjusted EBITDA for 2025 was $(50.3) million; Q4 Adjusted EBITDA was $(18.1) million.
Free cash flow for 2025 was $(200.6) million.
Outlook and guidance
2026 revenue forecast is $450 million–$500 million, representing 41.6% year-over-year growth at the midpoint.
Expect revenue to build through 2026 due to lingering impacts from government shutdown delays.
Defense tech segment expected to drive a larger share of growth in 2026, with a projected growth rate closer to 20%.
Focus for 2026 is on transitioning development programs into production to drive gross margin improvement.
Strong backlog and bookings momentum expected to support FY26 growth and operations.
Timeline for development programs to boost margins
What caused the 'Other (income) expense, net' swing?
How does Edge Autonomy enhance vertical integration?
Key drivers for 2026 gross margin improvement
Synergies from new segment structure
ELSA product line market potential
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Next Redwire earnings date
Q1 202611 May, 2026
Redwire
Next Redwire earnings date
Q1 202611 May, 2026
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Frequently asked questions
Redwire Corporation is a U.S.-based company specializing in space infrastructure and advanced technology solutions for the aerospace and defense industries. The company provides a wide range of products and services, including space robotics, solar power systems, in-space manufacturing, and spacecraft components. Redwire supports government and commercial missions, focusing on innovations that enable sustainable and scalable space exploration, satellite operations, and lunar and planetary missions. The company is headquartered in Jacksonville, Florida, and its shares are listed on the New York Stock Exchange.
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