Redwire Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Redwire Corp reported revenue of $335.4M (+10.3% year on year) and net income of ($272.3M) (-75.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenues | $335.4M | $304.1M | $243.8M | $160.5M |
| Cost of sales | $318.1M | $259.6M | $185.8M | $131.9M |
| Gross profit | $17.3M | $44.5M | $58.0M | $28.7M |
| Selling, general and administrative expenses | $171.3M | $71.4M | $68.5M | $70.3M |
| Transaction expenses | $21.2M | $9.1M | $13.0K | $3.2M |
| Impairment expense | $34.7M | — | $0 | $96.6M |
| Research and development | $19.8M | $6.1M | $5.0M | $4.9M |
| Operating income (loss) | ($229.7M) | ($42.2M) | ($15.5M) | ($146.4M) |
| Interest expense, net | $39.7M | $13.5M | $10.7M | $8.2M |
| Loss on extinguishment of debt | $996.0K | — | — | — |
| Other (income) expense, net | ($18.8M) | $60.6M | $1.5M | ($16.1M) |
| Income (loss) before income taxes | ($251.6M) | ($116.3M) | ($27.8M) | ($138.6M) |
| Income tax expense (benefit) | ($25.0M) | ($2.0M) | ($486.0K) | ($8.0M) |
| Net income (loss) | ($226.6M) | ($114.3M) | ($27.3M) | ($130.6M) |
| Net income (loss) attributable to noncontrolling interests | $0 | $4.0K | ($1.0K) | ($3.0K) |
| Less: dividends on Convertible Preferred Stock | $45.8M | $41.1M | $20.0M | — |
| Net income (loss) available to common shareholders | ($272.3M) | ($155.4M) | ($47.3M) | — |
| Basic (in dollars per share) | -$2.28 | -$2.35 | -$0.73 | -$2.09 |
| Diluted (in dollars per share) | -$2.28 | -$2.35 | -$0.73 | -$2.09 |
| Basic (in shares) | 119.5M | 66.1M | 64.7M | — |
| Diluted (in shares) | 119.5M | 66.1M | 64.7M | — |
| Net income (loss) attributable to Redwire Corporation | ($226.6M) | ($114.3M) | ($27.3M) | ($130.6M) |
| Foreign currency translation gain (loss), net of tax | $9.0M | ($1.4M) | $830.0K | $2.0M |
| Total other comprehensive income (loss), net of tax | $9.0M | ($1.4M) | $830.0K | $2.0M |
| Total comprehensive income (loss) | ($217.6M) | ($115.7M) | ($26.4M) | ($128.6M) |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenues | $117.1M | $97.0M | $103.4M | $61.8M |
| Cost of sales | $84.5M | $71.2M | $86.6M | $80.8M |
| Gross profit | $32.5M | $25.8M | $16.8M | ($19.1M) |
| Selling, general and administrative expenses | $42.1M | $82.9M | $50.3M | $54.5M |
| Transaction expenses | $11.0K | $40.0K | $684.0K | $16.6M |
| Research and development | $12.5M | $12.6M | $7.7M | $1.7M |
| Operating income (loss) | ($22.1M) | ($69.7M) | ($41.9M) | ($91.9M) |
| Interest expense, net | $796.0K | $2.5M | $6.3M | $23.8M |
| Loss on extinguishment of debt | $1.2M | $2.5M | — | — |
| Other (income) expense, net | $15.0M | $1.1M | ($13.8M) | $13.9M |
| Income (loss) before income taxes | ($39.1M) | ($75.9M) | ($34.3M) | ($129.6M) |
| Income tax expense (benefit) | $1.9M | $641.0K | $6.9M | ($32.6M) |
| Less: dividends on Convertible Preferred Stock | $504.0K | $1.5M | $1.7M | $29.7M |
| Net income (loss) available to common shareholders | ($41.5M) | ($78.0M) | ($42.8M) | ($126.7M) |
| Basic (in dollars per share) | -$0.19 | -$0.40 | -$0.29 | -$1.41 |
| Diluted (in dollars per share) | -$0.19 | -$0.40 | -$0.29 | -$1.41 |
| Basic (in shares) | 220.5M | 193.7M | 145.7M | 89.6M |
| Diluted (in shares) | 220.5M | 193.7M | 145.7M | 89.6M |
| Net income (loss) | ($41.0M) | ($76.5M) | ($41.2M) | ($97.0M) |
| Foreign currency translation gain (loss), net of tax | ($5.2M) | ($6.4M) | ($1.4M) | $10.2M |
| Total other comprehensive income (loss), net of tax | ($5.2M) | ($6.4M) | ($1.4M) | $10.2M |
| Total comprehensive income (loss) | ($46.1M) | ($82.9M) | ($42.6M) | ($86.8M) |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | $95.2M | $49.1M | — | — |
| Accounts receivable, net | $37.3M | $21.9M | $32.4M | $26.7M |
| Contract assets | $44.0M | $43.0M | $37.0M | $31.0M |
| Inventory, net | $55.8M | $2.2M | $1.5M | $1.5M |
| Prepaid expenses and other current assets | $20.5M | $8.0M | $6.4M | $5.7M |
| Total current assets | $252.8M | $125.9M | $109.3M | $96.2M |
| Property, plant and equipment, net | $49.2M | $17.8M | $15.9M | $12.8M |
| Right-of-use assets | $31.7M | $15.3M | $13.2M | $13.1M |
| Intangible assets, net | $336.2M | $61.8M | $63.0M | $66.9M |
| Goodwill | $779.1M | $71.2M | $65.8M | $64.6M |
| Other non-current assets | $118.0K | $557.0K | $511.0K | $909.0K |
| Total assets | $1.4B | $292.6M | $271.3M | $257.7M |
| Accounts payable | $32.3M | $32.1M | $18.6M | $17.6M |
| Notes payable to sellers | $2.2M | — | $0 | $1.0M |
| Short-term debt, including current portion of long-term debt | $5.2M | $1.3M | $1.4M | $2.6M |
| Short-term operating lease liabilities | $4.1M | $4.4M | $3.7M | $3.2M |
| Short-term finance lease liabilities | $595.0K | $473.0K | $439.0K | $299.0K |
| Accrued expenses | $32.0M | $24.2M | $32.9M | $36.6M |
| Deferred revenue | $60.1M | $67.2M | $52.6M | $29.8M |
| Other current liabilities | $19.1M | $19.7M | $2.4M | $3.7M |
| Total current liabilities | $155.6M | $149.3M | $112.0M | $94.7M |
| Long-term debt, net | $80.0M | $124.5M | $86.8M | $74.7M |
| Long-term operating lease liabilities | $30.5M | $13.4M | $12.3M | $12.7M |
| Long-term finance lease liabilities | $1.3M | $980.0K | $1.1M | $579.0K |
| Warrant liabilities | $4.2M | $55.3M | $3.3M | $1.3M |
| Deferred tax liabilities | $38.4M | $582.0K | $2.4M | $3.3M |
| Other non-current liabilities | $2.1M | $428.0K | $400.0K | $506.0K |
| Total liabilities | $312.1M | $344.5M | $218.4M | $187.8M |
| Convertible preferred stock, $0.0001 par value, 125,292.00 shares authorized; issued and outstanding: 2025—46,505.13 and 2024—108,649.30. Liquidation preference: 2025—$118,434 and 2024—$599,412 (Note N – Convertible Preferred Stock) | 77.0M | 136.8M | 96.1M | 76.4M |
| Preferred stock, $0.0001 par value, 99,874,708 shares authorized; none issued and outstanding | 0 | 0 | 0 | 0 |
| Common stock, $0.0001 par value, 500,000,000 shares authorized; issued and outstanding 2025—191,915,804 and 2024—67,002,370 | 19.0K | 7.0K | 7.0K | 6.0K |
| Treasury stock, at cost: 2025—1,036,294 shares and 2024—728,739 shares | -7.3M | -3.6M | -951.0K | -381.0K |
| Additional paid-in capital | $1.7B | $161.6M | $188.3M | $198.1M |
| Accumulated deficit | ($621.8M) | ($348.1M) | ($233.8M) | ($206.5M) |
| Accumulated other comprehensive income (loss) | $10.3M | $1.3M | $2.9M | $2.1M |
| Total shareholders’ equity (deficit) | $1.1B | ($188.7M) | ($43.5M) | ($6.7M) |
| Total liabilities, convertible preferred stock and equity (deficit) | $1.4B | $292.6M | $271.3M | $257.7M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | $557.7M | $145.2M | $54.3M | $78.6M |
| Accounts receivable, net | $27.5M | $24.3M | $32.0M | $36.8M |
| Contract assets | $72.0M | $61.4M | $50.9M | $51.0M |
| Inventory, net | $85.4M | $69.3M | $53.5M | $58.8M |
| Prepaid expenses and other current assets | $18.5M | $20.4M | $19.9M | $19.3M |
| Total current assets | $761.2M | $320.7M | $210.6M | $244.5M |
| Property, plant and equipment, net of accumulated depreciation of $20,013 and $14,558 | $56.1M | $51.5M | $50.6M | $47.5M |
| Right-of-use assets | $34.4M | $35.8M | $31.4M | $30.2M |
| Intangible assets, net of accumulated amortization of $62,817 and $46,192 | $319.1M | $326.7M | $353.2M | $396.1M |
| Goodwill | $772.2M | $776.0M | $800.0M | $789.3M |
| Other non-current assets | $428.0K | $450.0K | $365.0K | $521.0K |
| Total assets | $1.9B | $1.5B | $1.4B | $1.5B |
| Accounts payable | $54.2M | $42.4M | $34.3M | $38.9M |
| Notes payable to sellers | $3.2M | $3.2M | $2.2M | $7.2M |
| Short-term debt, including current portion of long-term debt | $4.5M | $4.8M | $6.3M | $5.3M |
| Short-term operating lease liabilities | $4.5M | $4.4M | $4.3M | $4.6M |
| Short-term finance lease liabilities | $611.0K | $606.0K | $550.0K | $540.0K |
| Accrued expenses | $29.7M | $31.8M | $29.0M | $33.4M |
| Deferred revenue | $85.0M | $79.8M | $60.0M | $65.3M |
| Other current liabilities | $12.6M | $16.0M | $13.0M | $12.3M |
| Total current liabilities | $194.2M | $183.1M | $149.6M | $167.4M |
| Long-term debt, net | $43.6M | $83.4M | $184.7M | $185.5M |
| Long-term operating lease liabilities | $32.7M | $34.2M | $29.7M | $28.3M |
| Long-term finance lease liabilities | $1.2M | $1.2M | $1.1M | $1.1M |
| Warrant liabilities | $692.0K | $4.5M | $8.8M | $23.0M |
| Deferred tax liabilities | $39.9M | $38.4M | $37.3M | $40.8M |
| Other non-current liabilities | $1.2M | $1.7M | $2.1M | $2.6M |
| Total liabilities | $313.5M | $346.6M | $413.3M | $448.7M |
| Convertible preferred stock, $0.0001 par value, 125,292.00 shares authorized; issued and outstanding: 2026—none and 2025—46,505.13. Liquidation preference: 2026—none and 2025—$118,434 (Note M – Convertible Preferred Stock) | 0 | 77.0M | 104.9M | 151.9M |
| Preferred stock, $0.0001 par value, 99,874,708 shares authorized; none issued and outstanding | 0 | 0 | 0 | 0 |
| Common stock, $0.0001 par value, 500,000,000 shares authorized; issued and outstanding 2026—249,221,102 and 2025—191,915,804 | 25.0K | 20.0K | 15.0K | 14.0K |
| Treasury stock, at cost: 2026—1,036,294 shares and 2025—1,036,294 shares | -7.3M | -7.3M | -6.3M | -3.6M |
| Additional paid-in capital | $2.4B | $1.8B | $1.5B | $1.4B |
| Accumulated deficit | ($739.2M) | ($698.3M) | ($536.3M) | ($493.4M) |
| Accumulated other comprehensive income (loss) | ($1.3M) | $3.9M | $10.9M | $12.3M |
| Total shareholders’ equity (deficit) | $1.6B | $1.1B | $928.0M | $907.6M |
| Total liabilities, convertible preferred stock and equity (deficit) | $1.9B | $1.5B | $1.4B | $1.5B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | ($226.6M) | ($114.3M) | ($27.3M) | ($130.6M) |
| Depreciation and amortization expense | $32.6M | $11.7M | $10.7M | $11.3M |
| Amortization of debt issuance costs and discount | $2.3M | $857.0K | $608.0K | $490.0K |
| Equity-based compensation expense | $59.0M | $11.3M | $8.7M | $10.8M |
| (Gain) loss on sale of joint ventures | $0 | ($1.3M) | — | — |
| Loss on extinguishment of debt | $996.0K | — | — | — |
| (Gain) loss on change in fair value of committed equity facility | $0 | $0 | $255.0K | $631.0K |
| (Gain) loss on change in fair value of warrants | ($16.1M) | $52.0M | $2.0M | ($17.8M) |
| Deferred provision (benefit) for income taxes | ($24.9M) | ($1.8M) | ($925.0K) | ($8.2M) |
| Impairment expense | $34.7M | — | $0 | $96.6M |
| Income from equity method investments | $0 | $0 | ($245.0K) | ($58.0K) |
| Non-cash lease expense | $488.0K | $227.0K | $327.0K | $264.0K |
| Non-cash interest expense | $0 | $0 | $525.0K | $690.0K |
| Purchase accounting fair value adjustment related to inventory | $13.6M | — | — | — |
| Other | ($1.5M) | $2.0M | ($238.0K) | $208.0K |
| (Increase) decrease in accounts receivable | ($2.3M) | $14.7M | ($5.6M) | ($6.6M) |
| (Increase) decrease in contract assets | $863.0K | ($7.1M) | ($5.4M) | $813.0K |
| (Increase) decrease in inventory | ($6.7M) | ($734.0K) | ($44.0K) | ($978.0K) |
| (Increase) decrease in prepaid expenses and other assets | ($4.4M) | ($1.9M) | ($928.0K) | $266.0K |
| Increase (decrease) in accounts payable and accrued expenses | ($11.7M) | $4.4M | ($3.3M) | ($1.0K) |
| Increase (decrease) in deferred revenue | ($34.0M) | $3.2M | $22.7M | $8.3M |
| Increase (decrease) in operating lease liabilities | ($232.0K) | ($342.0K) | ($325.0K) | — |
| Increase (decrease) in other liabilities | $6.3M | $9.7M | ($960.0K) | $1.8M |
| Increase (decrease) in notes payable to sellers | $0 | $0 | ($557.0K) | $0 |
| Net cash provided by (used in) operating activities | ($177.3M) | ($17.3M) | $1.2M | ($31.7M) |
| Acquisition of businesses, net of cash acquired | ($151.8M) | ($881.0K) | $0 | ($33.2M) |
| Net proceeds from sale of joint ventures | $0 | $4.6M | — | — |
| Purchases of property, plant and equipment | ($13.5M) | ($6.4M) | ($5.6M) | ($3.6M) |
| Purchase of intangible assets | ($9.8M) | ($4.5M) | ($2.7M) | ($526.0K) |
| Net cash provided by (used in) investing activities | ($175.1M) | ($7.2M) | ($8.3M) | ($37.4M) |
| Proceeds received from debt | $191.1M | $46.0M | $36.7M | $22.7M |
| Repayments of debt | ($234.2M) | ($8.9M) | ($26.7M) | ($23.7M) |
| Payment of debt issuance fees | ($105.0K) | ($780.0K) | ($163.0K) | ($1.3M) |
| Repayment of finance leases | ($534.0K) | ($479.0K) | ($395.0K) | ($55.0K) |
| Proceeds from (repayment of) third-party advances | ($7.8M) | — | — | — |
| Proceeds from issuance of common stock | $518.4M | $2.7M | $1.2M | $3.0M |
| Payment of equity issuance costs | ($1.7M) | — | — | — |
| Payments of issuance costs related to convertible preferred stock | $0 | $0 | ($52.0K) | ($4.8M) |
| Shares repurchased for settlement of employee tax withholdings on share-based awards | -3.8M | -2.6M | -570.0K | -381.0K |
| Payment of contingent earnout | $0 | $0 | ($443.0K) | $0 |
| Repurchase of convertible preferred stock | ($63.9M) | — | — | — |
| Net cash provided by (used in) financing activities | $397.5M | $43.7M | $9.1M | $76.6M |
| Effect of foreign currency rate changes on cash, cash equivalents and restricted cash | $1.0M | ($376.0K) | ($2.0K) | $272.0K |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $46.1M | $18.8M | $2.0M | $7.8M |
| Cash, cash equivalents and restricted cash at beginning of period | $49.1M | $30.3M | $28.3M | $20.5M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | ($117.5M) | ($76.5M) | ($141.1M) | ($99.9M) |
| Depreciation and amortization expense | $22.7M | $11.3M | $20.2M | $8.1M |
| Amortization of debt issuance costs and discount | $657.0K | $478.0K | $1.4M | $642.0K |
| Equity-based compensation expense | $50.6M | $46.7M | $47.6M | $35.6M |
| Loss on extinguishment of debt | $3.7M | $2.5M | — | — |
| (Gain) loss on change in fair value of warrants | $14.8M | $319.0K | ($11.5M) | $2.7M |
| Deferred provision (benefit) for income taxes | $2.5M | $641.0K | ($26.0M) | ($32.1M) |
| Other | $2.0M | $921.0K | ($2.1M) | ($3.4M) |
| (Increase) decrease in accounts receivable | $9.6M | $12.8M | $1.6M | ($3.5M) |
| (Increase) decrease in contract assets | ($28.4M) | ($17.6M) | ($5.6M) | ($5.7M) |
| (Increase) decrease in inventory | ($30.2M) | ($14.1M) | ($3.9M) | $1.4M |
| (Increase) decrease in prepaid expenses and other assets | $68.0K | ($1.9M) | ($3.6M) | ($3.0M) |
| Increase (decrease) in accounts payable and accrued expenses | $19.4M | $10.6M | ($9.8M) | ($5.6M) |
| Increase (decrease) in deferred revenue | $25.3M | $19.8M | ($34.1M) | ($28.4M) |
| Increase (decrease) in operating lease liabilities | ($427.0K) | ($98.0K) | ($141.0K) | ($55.0K) |
| Increase (decrease) in other liabilities | ($7.4M) | ($3.6M) | $194.0K | $732.0K |
| Increase (decrease) in notes payable to sellers | $1.0M | $1.0M | $0 | — |
| Net cash provided by (used in) operating activities | ($31.6M) | ($6.7M) | ($153.1M) | ($132.7M) |
| Acquisition of businesses, net of cash acquired | $0 | — | ($151.8M) | ($151.8M) |
| Purchases of property, plant and equipment | ($13.3M) | ($4.8M) | ($11.3M) | ($4.8M) |
| Purchase of intangible assets | ($3.2M) | ($1.3M) | ($6.1M) | ($5.2M) |
| Net cash provided by (used in) investing activities | ($16.4M) | ($6.0M) | ($169.2M) | ($161.7M) |
| Proceeds received from debt | $89.7M | $89.8M | $191.2M | $190.3M |
| Repayments of debt | ($129.5M) | ($88.1M) | ($127.2M) | ($125.9M) |
| Payment of debt issuance fees | ($1.9M) | ($2.1M) | ($105.0K) | ($105.0K) |
| Repayment of finance leases | ($294.0K) | ($194.0K) | ($379.0K) | ($227.0K) |
| Proceeds from (repayment of) third-party advances | $0 | $0 | — | — |
| Proceeds from issuance of common stock | $566.2M | $65.3M | $337.8M | $328.7M |
| Payment of equity issuance costs | ($13.9M) | ($1.6M) | — | — |
| Proceeds from common stock issued for options exercise | $4.2M | — | — | — |
| Shares repurchased for settlement of employee tax withholdings on share-based awards | 0 | — | -2.8M | -8.0K |
| Convertible preferred stock dividend | ($3.0M) | — | — | — |
| Repurchase of convertible preferred stock | $0 | — | ($63.9M) | ($61.5M) |
| Net cash provided by (used in) financing activities | $511.5M | $63.1M | $326.9M | $323.5M |
| Effect of foreign currency rate changes on cash, cash equivalents and restricted cash | ($883.0K) | ($345.0K) | $625.0K | $472.0K |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $462.5M | $50.0M | $5.3M | $29.5M |
| Cash, cash equivalents and restricted cash at beginning of period | $95.2M | $95.2M | $49.1M | $49.1M |
| Cash, cash equivalents and restricted cash at end of period | $557.7M | $145.2M | $54.3M | $78.6M |
Redwire Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.