Redwire Corporation Common Stock Earnings Recaps
Q1 2026
May 9, 2026
Redwire’s shares jumped 14.8% post-earnings, driven by robust demand, significant contract wins, and a sharp improvement in margins that significantly outpaced prior quarters.
Key takeaways
- Q1 gross margin improved markedly to 26.6%, up from 9.6% in Q4 2025, reflecting better operational execution and portfolio focus.
- Contracted backlog hit a record $498.1 million with a strong book-to-bill ratio of 1.92, supporting a confident growth outlook.
- Secured major 10-year Andromeda IDIQ contract with a potential ceiling increase to $6 billion, positioning Redwire as a prime contractor for next-gen spacecraft.
- Won a $12.8 million first contract for its new ELSA solar arrays, expanding addressable markets across constellation and lunar applications.
- Defense segment secured over $20 million in follow-on orders for advanced navigation UAS, underpinning solid product demand in tactical military programs.
Q3 2025
Nov 7, 2025
Redwire Corporation reported impressive Q3 2025 results, with significant revenue growth and improved margins following its strategic acquisition of Edge Autonomy. However, potential delays in government contracts due to the ongoing U.S. government shutdown may impact short-term performance.
Key takeaways
- Revenue surged 67.5% sequentially and 57% year-over-year, reaching $103.4 million.
- Adjusted gross margin improved to 27.1%, with a $24.8 million increase in adjusted EBITDA.
- Book-to-bill ratio of 1.25 resulted in a backlog of $355.6 million, driven by strong customer demand.
- Near-term government contract delays are anticipated due to the ongoing shutdown, though long-term demand remains strong.
- Redwire is positioned as a leader in next-gen space technologies, particularly in VLEO and GEO with key partnerships and contracts.