Redwire (RDW) Investor presentation summary

Key business highlights

• Secured two VLEO prime contracts and delivered over 400,000 flight hours for airborne products and solutions, with 100+ Stalker/Penguin units delivered post-Edge Autonomy acquisition.

• Achieved a 100% on-orbit success rate for Roll Out Solar Arrays and built eight active payload facilities on the ISS as of March 31, 2026.

• Supported NASA's Artemis II mission with 11 cameras and four sun sensors.

• Executed for more than 90 customers in Q1 2026, including major aerospace, defense, and government entities.

Value drivers and product portfolio

• Offers next-gen spacecraft (VLEO/GEO), large space infrastructure, microgravity development, and combat-proven UAS.

• Key products include SabreSat, Phantom, Thresher, Hammerhead, Mako, ROSA, ELSA, IBDM, PIL-BOX, BFF, Stalker, Penguin, Octopus Gimbals, and RF payloads.

• Positioned for growth in quantum secure networks, LEO/Moon/Mars infrastructure, and biotech partnerships.

Financial performance and metrics

• Q1 2026 revenue reached $97.0M, up 58% year-over-year, with adjusted gross margin at 26.6%.

• Backlog grew to $498.1M, a 21.1% sequential increase, with a Q1 2026 book-to-bill ratio of 1.92x.

• Revenue diversified across space and defense tech segments, with 54.3% recognized over time and 45.7% at a point in time.

• Q1 2026 net loss was $76.5M, with adjusted EBITDA at $(9.2)M and free cash flow at $(12.7)M.