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Redwire (RDW) investor relations material
Redwire Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue rose 5.4% YoY to $109.0M; gross margin reached a record 32.3%, while net loss narrowed $18.0M to $23.2M.
Backlog reached a record $619.7M, with Q3 book-to-bill of 1.73 and LTM book-to-bill of 1.63.
FY26 revenue guidance was reaffirmed at $450M–$500M; uneven shipment and milestone timing affected quarterly revenue.
Financial highlights
Q3 operating loss narrowed to $26.3M from $41.9M; net loss narrowed to $23.2M from $41.2M.
Q3 Adjusted EBITDA was $(5.3)M; nine-month Adjusted EBITDA improved to $(17.7)M from $(32.2)M.
Nine-month revenue rose to $323.1M from $226.6M; net loss was $140.7M versus $141.1M.
Q3 R&D expense rose 87.1% YoY to $14.4M; nine-month operating cash use improved $57.9M YoY to $95.2M.
Q3 gross profit was $35.2M versus $16.8M; gross-margin improvement included favorable $3.7M EAC adjustments and no repeat of the prior-year $11.2M acquired-inventory charge.
Outlook and guidance
FY26 revenue guidance was reaffirmed at $450M–$500M; the $475M midpoint implies 41.6% YoY growth.
Backlog was $619.7M at September 30, 2026, up from $411.2M at year-end 2025; 50% of $501.7M in remaining performance obligations is expected within 12 months.
Defense Tech had $46.8M of work in process and finished goods; conversion to deliveries depends on completing products and obtaining required licenses.
Existing liquidity was expected to cover working capital, debt service and covenant compliance for at least 12 months from issuance of the statements.
FY2027 U.S. appropriations remained pending under a continuing resolution through December 11, 2026; the impact of final funding was not yet assessable.
- Record Q2 2026 revenue, margin expansion, and backlog drive robust full-year outlook.RDW
Q2 2026 - Multi-domain strategy, space manufacturing, and European expansion drive breakout growth potential.RDW
Jefferies Virtual Space Summit - AI-driven autonomy, onshoring, and space integration are reshaping defense and security.RDW
The 38th Annual Roth Conference - Redwire's $925M acquisition of Edge Autonomy will create a multi-domain defense tech leader.RDW
Proxy Filing - All proposals passed at the virtual meeting, with no shareholder questions submitted.RDW
AGM 2026 - Q1 2026 revenue surged 58% to $97M, with backlog up 21% and robust growth in space and defense tech.RDW
Investor presentation - Revenue up 58% to $97M, record backlog and contract wins, but net loss widened on acquisition costs.RDW
Q1 2026 - Virtual meeting to vote on directors, auditor, executive pay, and annual say-on-pay frequency.RDW
Proxy filing - 2024 revenue up 24.7% to $304.1M; 2025 guidance: $535–$605M revenue, $70–$105M EBITDA.RDW
Q4 2024
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