Redwire Corp

Listed Company

RDWCIK 0001819810NYSELarge AcceleratedGuided Missiles & Space Vehicles & PartsFY ends Dec 31

Period

FY 2025

Revenue

$335.38M

Net Income

$-226.55M

Total Assets

$1.45B

Equity

$1.06B

Shares Out

191.98M

Op. Cash Flow

$-177.33M

Business

Redwire Corp provides mission-critical space solutions and high-reliability space infrastructure for government and commercial customers. It offers core products and services including avionics, sensors and payloads; power generation systems (including roll-out solar arrays); structures and mechanisms; RF systems; spacecraft platforms and mission integration; and microgravity payloads and in-space manufacturing. The company operates in one reportable operating segment: space infrastructure, integrating technologies across systems, subsystems and full mission solutions. Redwire serves national security, civil and commercial space markets through domestic and international contracts, partnerships and prime/subcontract relationships.

Summary from filing dated 2025-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	335	304	244	161	138
Cost of sales	318	260	186	132	108
Gross profit	17	44	58	29	29
Selling, general and administrative expenses	171	71	69	70	79
Transaction expenses	21	9	13,000	—	—
Impairment expense	35	0	0	97	0
Research and development	20	6	5	5	5
Operating income (loss)	−230	−42	−16	−146	−70
Interest expense, net	40	13	11	8	6
Loss on extinguishment of debt	996,000	0	0	—	—
Other (income) expense, net	−19	61	2	−16	−4
Income (loss) before income taxes	−252	−116	−28	−139	−73
Income tax expense (benefit)	−25	−2	−486,000	−8	−11
Net income (loss)	−227	−114	−27	−131	−62
Net income (loss) attributable to noncontrolling interests	0	4,000	−1,000	−3,000	0
Net income (loss) attributable to Redwire Corporation	−227	−114	−27	−131	−62
Less: dividends on Convertible Preferred Stock	46	41	20	2	—
Net income (loss) available to common shareholders	−272	−155	−47	−132	—
Basic (in dollars per share)	−2.28	−2.35	−0.73	−2.09	−1.36
Diluted (in dollars per share)	−2.28	−2.35	−0.73	−2.09	−1.36
Basic (in shares)	120	66	65	63	45
Diluted (in shares)	120	66	65	63	45
Foreign currency translation gain (loss), net of tax	9	−1	830,000	2	−403,000
Total other comprehensive income (loss), net of tax	9	−1	830,000	2	−403,000
Total comprehensive income (loss)	−218	−116	−26	−129	−62

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash, cash equivalents and restricted cash	95	49	30	28	—
Accounts receivable, net	37	22	32	27	16
Contract assets	44	43	37	31	12
Inventory, net	56	2	2	1	688,000
Prepaid expenses and other current assets	21	10	6	6	2
Total current assets	253	126	109	96	55
Property, plant and equipment, net	49	18	16	13	—
Right-of-use assets	32	15	13	13	10
Intangible assets, net	336	62	63	67	91
Goodwill	779	71	66	65	96
Other non-current assets	118,000	629,000	511,000	909,000	0
Total assets	1,449	293	271	258	262
Accounts payable	32	32	19	18	13
Notes payable to sellers	2	0	0	1	1
Short-term debt, including current portion of long-term debt	5	1	1	3	3
Short-term operating lease liabilities	4	4	4	3	—
Short-term finance lease liabilities	595,000	473,000	439,000	299,000	—
Accrued expenses	32	24	33	37	17
Deferred revenue	60	67	53	30	16
Other current liabilities	19	20	2	4	2
Total current liabilities	156	149	112	95	51
Long-term debt, net	80	124	87	75	75
Long-term operating lease liabilities	30	13	12	13	—
Long-term finance lease liabilities	1	980,000	1	579,000	—
Warrant liabilities	4	55	—	—	—
Deferred tax liabilities	38	582,000	2	3	9
Other non-current liabilities	2	428,000	400,000	506,000	730,000
Total liabilities	312	345	218	188	155
Commitments and contingencies (Note M Commitments and Contingencies)	—	—	—	—	—
Convertible preferred stock, $0.0001 par value, 125,292.00 shares authorized; issued and outstanding: 202546,505.13 and 2024108,649.30. Liquidation preference: 2025$118,434 and 2024$599,412 (Note N Convertible Preferred Stock)	77	137	96	76	0
Preferred stock, $0.0001 par value, 99,874,708 shares authorized; none issued and outstanding	0	0	0	0	0
Common stock, $0.0001 par value, 500,000,000 shares authorized; issued and outstanding 2025191,915,804 and 202467,002,370	19,000	7,000	7,000	6,000	6,000
Treasury stock, at cost: 20251,036,294 shares and 2024728,739 shares	−7	−4	−951,000	−381,000	0
Additional paid-in capital	1,679	162	188	198	183
Accumulated deficit	−622	−348	−234	−207	−76
Accumulated other comprehensive income (loss)	10	1	3	2	103,000
Total shareholders equity (deficit)	1,060	−189	−44	−7	107
Total liabilities, convertible preferred stock and equity (deficit)	1,449	293	271	258	262

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization expense	33	12	11	11	11
Amortization of debt issuance costs and discount	2	857,000	608,000	490,000	304,000
Equity-based compensation expense	59	11	9	11	27
(Gain) loss on sale of joint ventures	0	−1	0	—	—
(Gain) loss on change in fair value of committed equity facility	0	0	255,000	631,000	0
(Gain) loss on change in fair value of warrants	−16	52	2	−18	−3
Deferred provision (benefit) for income taxes	−25	−2	−925,000	−8	−11
Income from equity method investments	0	0	−245,000	−58,000	0
Non-cash lease expense	488,000	227,000	327,000	—	—
Non-cash interest expense	0	0	525,000	690,000	0
Purchase accounting fair value adjustment related to inventory	14	0	0	—	—
Other	−1	2	−238,000	208,000	−6,000
(Increase) decrease in accounts receivable	−2	15	−6	−7	−7
(Increase) decrease in contract assets	863,000	−7	−5	813,000	−5
(Increase) decrease in inventory	−7	−734,000	−44,000	−978,000	−195,000
(Increase) decrease in prepaid expenses and other assets	−4	−2	229,000	266,000	−527,000
Increase (decrease) in accounts payable and accrued expenses	−12	4	−3	−1,000	10
Increase (decrease) in deferred revenue	−34	3	23	8	−4
Increase (decrease) in operating lease liabilities	−232,000	−342,000	−325,000	0	—
Increase (decrease) in other liabilities	6	10	−960,000	2	564,000
Increase (decrease) in notes payable to sellers	0	0	−557,000	0	−608,000
Net cash provided by (used in) operating activities	−177	−17	1	−32	−37
Acquisition of businesses, net of cash acquired	−152	−881,000	0	−33	−41
Net proceeds from sale of joint ventures	0	5	0	—	—
Purchases of property, plant and equipment	−13	−6	−6	−4	−2
Purchase of intangible assets	−10	−5	−3	−526,000	−763,000
Net cash provided by (used in) investing activities	−175	−7	−8	−37	−39
Proceeds received from debt	191	46	37	23	53
Repayments of debt	−234	−9	−27	−24	−53
Payment of debt issuance fees	−105,000	−780,000	−163,000	−1	−62,000
Repayment of finance leases	−534,000	−479,000	−395,000	−55,000	0
Proceeds from (repayment of) third-party advances	−8	8	0	—	—
Proceeds from issuance of common stock	518	3	1	3	0
Payment of equity issuance costs	−2	0	−571,000	—	—
Payments of issuance costs related to convertible preferred stock	0	0	−52,000	−5	0
Shares repurchased for settlement of employee tax withholdings on share-based awards	−4	−3	−570,000	−381,000	0
Payment of contingent earnout	0	0	−443,000	0	−600,000
Repurchase of convertible preferred stock	−64	0	0	—	—
Net cash provided by (used in) financing activities	397	44	9	77	74
Effect of foreign currency rate changes on cash, cash equivalents and restricted cash	1	−376,000	−2,000	272,000	136,000
Net increase (decrease) in cash, cash equivalents and restricted cash	46	19	2	8	−2

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro