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Redwire (RDW)
NYSE:RDW
Earnings Data
Report Date
May 13, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.13Last Year’s EPS
-0.09Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong commercial momentum: record backlog ($411.2M), robust Q4 bookings and book-to-bill (1.52), balanced segment revenue, a transformational acquisition (Edge Autonomy), materially improved liquidity ($130.2M) and substantial deleveraging with estimated annual interest savings >$17M. Management also introduced new products (ELSA), announced multiple contract awards, and provided a bullish 2026 revenue guide ($450M–$500M, ~41.6% YoY at midpoint). Offsetting these positives are significant near-term profitability pressures — a low reported gross margin (9.6% in Q4), sizable nonrecurring charges that produced an $85.5M Q4 net loss (including a $34.7M goodwill impairment), negative adjusted EBITDA, and timing headwinds from the U.S. government budget process. Overall, while there are meaningful short-term financial challenges, the operational wins, backlog, balance sheet improvements, and strong 2026 guidance indicate that positive progress and growth potential outweigh the near-term negatives.Company Guidance
Revenue Growth — Full Year and Q4 2025
Full-year 2025 revenue increased 10.3% year-over-year to $335.4 million (near the top end of guidance $320M–$340M). Fourth-quarter 2025 revenue was $108.8 million, representing a 56.4% quarterly year-over-year increase.
Record Backlog and Strong Bookings
Record year-end contracted backlog of $411.2 million. Fourth-quarter bookings were $164.9 million with a Q4 book-to-bill ratio of 1.52 and a full-year 2025 book-to-bill of 1.32, underpinning visibility into 2026 revenue.
Improved Liquidity and Deleveraging
Year-end total liquidity reached a record $130.2 million (comprised of $94.5M cash, $35M undrawn revolver, ~ $1M restricted cash). Management repaid a net $125.5 million of debt in 2025 (including $105.5M in Q4) and estimates annual interest savings of more than $17 million from de-levering and refinancing.
Acquisition and Integration of Edge Autonomy
Closed Edge Autonomy acquisition in June 2025 and integrated the business into Redwire; Edge contributed materially to Defense Tech revenue growth and bookings. Edge delivered about 200 aircraft in the year and ~100 aircraft since close, and expanded the company’s customer reach to 7+ countries.
Balanced Segment Revenue Mix in Q4
Fourth-quarter revenue was balanced across the new segments: Space $54.5 million and Defense Tech $54.3 million, demonstrating diversification across product lines.
Notable Contract Wins and Product Milestones
Key awards and milestones included a $44 million Phase 2 DARPA Otter award (SabreSat-based), integration of 10 payloads for ESA ΣYNDEO-3 (Hammerhead LEO platform), an 8-figure IBDM contract for the Exploration Company, selection for a second Aspera Biomedicines microgravity contract, and awards for Penguin VTOL and Octopus gimbals for Frontex.
New Product Introduction and Production Capacity Expansion
Introduced ELSA (Extensible Low-Profile Solar Array) promising ~50% more power by volume vs equivalent traditional arrays and engineered for volume production. Opened an 85,000 sq. ft. Ann Arbor facility to scale fuel cell production for Stalker UAS, supporting transition from development to production.
Positive 2026 Revenue Outlook
Forecasted full-year 2026 revenue of $450 million to $500 million, which represents ~41.6% year-over-year growth at the midpoint, with expectations that revenue will build through the year as timing effects resolve.
RDW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RDW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $8.62 | $9.55 | +10.79% |
Nov 05, 2025 | $7.30 | $5.98 | -18.08% |
Aug 06, 2025 | $13.70 | $9.47 | -30.88% |
May 12, 2025 | $11.31 | $10.56 | -6.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Redwire (RDW) report earnings?
Redwire (RDW) is schdueled to report earning on May 13, 2026, After Close (Confirmed).
What is Redwire (RDW) earnings time?
Redwire (RDW) earnings time is at May 13, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RDW EPS forecast?
RDW EPS forecast for the fiscal quarter 2026 (Q1) is -0.13.