RDW Stock — Redwire Corp

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Next earnings call

Feb 25, 2027 Est · unconfirmed · in 15 wks

Q3 2026 earnings call transcript

call held Nov 5, 2026

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Latest documents

what the company just published, in one sentence each

2026

Nov 5

Quarterly report 10-Q FY2026 Q3, ended Sep 30

Gross margin doubles as bookings and backlog surge

Redwire reported third-quarter revenue growth of 5%, gross margin of 32% and a narrowed net loss of $(23.2) million, while bookings reached $188.7 million and backlog $619.7 million. It also won a $20.0 million DARPA SabreSat testing contract.

Revenue $109.04M ▲ 5.4% Net loss $23.18M Diluted EPS -$0.09

Read from the MD&A section

6 source passages

Revenues increased 5% for the three months ended September 30, 2026 compared to the same period in 2025. Gross margin increased to 32% for the three months ended September 30, 2026 from 16% during the same period in 2025. Net loss decreased $18.0 million to $(23.2) million for the three months ended September 30, 2026 compared to the same period in 2025. Bookings increased to $188.7 million for the three months ended September 30, 2026 from $129.8 million for the same period in 2025 resulting in Book-to-bill ratio increasing to 1.73 for the three months ended September 30, 2026 from 1.25 for the same period in 2025. Backlog increased to $619.7 million as of September 30, 2026 from $411.2 million as of December 31, 2025. Awarded a $20.0 million contract from the Defense Advanced Research Projects Agency (“DARPA”) to complete additional testing and experimentation on a scaled version of Redwire’s SabreSat spacecraft for a precursor flight test in very low-Earth orbit (“VLEO”). Open the document at this passage

Nov 5

Earnings call

Record backlog supports reaffirmed 2026 revenue forecast

Redwire reported third-quarter 2026 revenue of $109 million and record gross margin of 32.3%, while contracted backlog reached $619.7 million. Management reaffirmed its 2026 revenue forecast of $450 to $500 million.

4 source passages

Redwire's Q3 revenue was $109 million, a 5.4% increase compared to Q3 2025. From a revenue quality perspective, I am pleased to report we had another quarter of record gross margins, expanding from 16.3% to 32.3% year over year. As a result, we ended the quarter with record contracted backlog of $619.7 million, our sixth consecutive quarter of growth in backlog, providing further confidence in our forecast as we move into the final quarter of 2026. With $323.1 million of recorded revenue during the first nine months of 2026, supported by our record $619.7 million in backlog and $46.8 million in work and process and finished goods inventory, we are reaffirming our full-year 2026 revenue forecast in the range of $450 to $500 million, which represents a 41.6% year-over-year growth at the midpoint. Open the document at this passage

Nov 4

Current report 8-K

Record margins and backlog growth despite continued net loss

Redwire reported third-quarter revenue of $109.0 million, up 5.4%, record gross margin of 32.3% and backlog of $619.7 million; net loss was $(23.2) million, and liquidity reached $538.9 million. The company reaffirmed 2026 revenue guidance of $450 million to $500 million.

Financial results

6 source passages

Revenues increased 5.4% year-over-year to $109.0 million for the third quarter of 2026. Year-over-year improvement in gross margins to a record 32.3% for the third quarter of 2026 compared to 16.3% for the third quarter of 2025. Net Loss improved by $18.0 million year-over-year to $(23.2) million for the third quarter of 2026. Ended third quarter 2026 with total liquidity3 of $538.9 million, a 313.9% increase over the end of 2025. our record Backlog1 of $619.7 million, a nearly 75% increase year-over-year For the full year ended December 31, 2026, Redwire reaffirms that it is forecasting revenues of $450 million to $500 million. Open the document at this passage

Oct 8

Current report 8-K/A Events of May 20

Shareholder vote results

Redwire Corporation’s shareholders voted on May 20, 2026 to hold annual advisory votes on named executive officer compensation; the Board will continue annual non-binding votes until the next required frequency vote, expected no later than the 2032 Annual Meeting of Stockholders.

Aug 6

Earnings call

Q2 2026 earnings call AI summary on its way

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

View all 125 metrics

Revenue (TTM)

$431.88M

Trailing 12 months

Net income (TTM)

−$226.12M

Trailing 12 months

Revenue growth YoY

+5.4%

Year over year

Operating margin

-46.2%

Trailing 12 months

P / E (TTM)

—

Trailing earnings

FCF yield

-7.1%

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

$441.12M

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+71.6%

Year over year · more shares

Price change (1Y)

+39.0%

Trailing year

Short interest

19.6%

Latest settlement · 4.6 days to cover

View all 125 metrics

Quarterly results

Revenue Net income Net loss

▲9.6% $69.56M −$67.17M '24 Q4* ▼30.1% $61.40M −$2.95M '25 Q1 ▼20.9% $61.76M −$96.98M '25 Q2 ▲50.7% $103.43M −$41.15M '25 Q3 ▲56.4% $108.79M −$85.47M '25 Q4* ▲57.9% $96.97M −$76.50M '26 Q1 ▲89.6% $117.07M −$40.97M '26 Q2 LATEST ▲5.4% $109.03M −$23.18M '26 Q3

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q3 FY26 earnings call · Nov 5, 2026

Q3 FY26

TL;DR. Redwire delivered year-over-year revenue growth, stronger bookings, record backlog and gross margins, secured DARPA, ELSA, ROSA and National Guard contract awards, and reaffirmed its $450 million–$500 million 2026 revenue forecast. It remained unprofitable with negative adjusted EBITDA and free cash flow, higher R&D expense, declining Defense Tech revenue and uneven shipment timing.

Bullish

+ Gross margin improved to a record 32.3% from 16.3% a year earlier.
+ Total liquidity increased 313.9% from the end of 2025 to $538.9 million.
+ Redwire reaffirmed its 2026 revenue forecast of $450 million to $500 million, representing 41.6% growth at the midpoint.

Bearish

− Defense Tech revenue declined year over year to $47.8 million because of UAS shipment timing during the next-generation platform transition.
− Redwire remained unprofitable in the third quarter, reporting a net loss of $23.2 million despite a $18.0 million year-over-year improvement.
− Revenue timing remained uneven, including a sequential decrease between the second and third quarters.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Research

our published analysis of this company

Equibles Rating

blended score · not investment advice

Overall

Sell

SellHoldBuy

Technical Sell Momentum Very Weak Sentiment Neutral Fundamentals Fair Quant / Vol Very High

Market backdrop VIX 19.3 · elevated Equity put/call 0.63

Technical

price trend

Sell

50 / 200-day cross No cross

Price vs 200-day avg −29%

below

Price vs 50-day avg −19%

below

RSI (14) 43

neutral

MACD trend Positive

52-week position 13%

near low

Momentum

relative strength

Very Weak

1-month return −8%

trailing

6-month return −65%

trailing

YTD return +2%

this year

Relative strength −65%

vs S&P · 6-mo

Sentiment

smart money

Neutral

Trend (MA cross) No cross

50d $10 › 200d $11 — 200d above 50d

Institutional flow Accumulating

315 of 334 funds reported for Sep 30 · net +12.4M sh shares · +65 new

Insider flow Distributing

Net -$10.5M over 90 days · 100% sells

Short interest Rising

19.65% of shares out · ▲ +0.6% MoM · 4.6 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

334 holders — near 3-yr high, broad support

Squeeze score 63

elevated · 0–100

Fundamentals

Fair

Revenue growth +10%

Y/Y

Gross margin 5%

contracting

EPS growth +3%

Y/Y

Free cash flow $-190.8M

Balance sheet $9.3M

net cash

Quant / Vol

risk profile

Very High

Volatility 116%

annualized · 1-yr

Max drawdown −76%

past year

ATR 9.1%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 3 of last 4

Latest guidance · from the Earnings Call filed Aug 6, 2026

Full year of 2026 revenue · full year 2026 $450M – $500M

prior FY $335.38M midpoint +41.6% Y/Y

Previous outlook earlier release · from the 8-K filed Aug 5, 2026

Still-open targets the latest release did not restate under the same label.

Revenues · full year ended December 31, 2026 $450M – $500M

Guided vs delivered · last 4 settled

Full year revenues twelve months ended December 31, 2025

guided $320M – $340M

guided $320M – $340M $335.38M In line

Revenues full year ended December 31, 2024

guided $300M

guided $300M $304.1M Beat +1.4%

Revenues full year ended December 31, 2023

guided $220M – $250M

guided $220M – $250M $243.8M In line

Revenues fiscal year ended December 31, 2022

guided $165M – $175M

guided $165M – $175M $160.55M Miss −5.6%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell

3 · 2 · 1

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

−29% Bearish

Price vs 50-day avg

−19% Bearish

RSI (14)

43 Neutral

MACD trend

Positive Bullish

52-week position

13% Bearish

Market signals — smart money & positioning

Mixed

Trend (MA cross) No cross

50d $10 › 200d $11 — 200d above 50d

Institutional flow Accumulating

315 of 334 funds reported for Sep 30 · net +12.4M sh shares · +65 new

Insider flow Distributing

Net -$10.5M over 90 days · 100% sells

Short interest Rising

19.65% of shares out · ▲ +0.6% MoM · 4.6 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

334 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $5 Now $8 · 13% Range high $26

vs 200-day avg -29% vs 50-day avg -19%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
Gross favorable EAC adjustments	$7.74M	Three Months Ended June 30, 2026 filing	—
Gross unfavorable EAC adjustments	-$7.74M	Three Months Ended June 30, 2026 filing	—
Total net EAC adjustments impact to gross profit	$4K	Three Months Ended June 30, 2026 filing	—
Adjusted EBITDA non-GAAP	-$12.43M	Six Months Ended June 30, 2026	—
Adjusted EPS non-GAAP	-$0.09	Three Months Ended June 30, 2026	—
Adjusted Gross Margin non-GAAP	27.3%	Six Months Ended June 30, 2026	—
Adjusted Gross Profit non-GAAP	$58.35M	Six Months Ended June 30, 2026	—
Backlog	542.1M	Q2 2026	—
Book-to-bill ratio (Defense Tech)	1.55	Last Twelve Months Ended June 30, 2026	—
Book-to-bill ratio (Space)	1.48	Last Twelve Months Ended June 30, 2026	—
Book-to-bill ratio (Total)	1.52	Last Twelve Months Ended June 30, 2026	—
Contracted backlog (Defense Tech)	$220.18M	As of June 30, 2026	—
Contracted backlog (Space)	$321.95M	As of June 30, 2026	—
Contracted backlog, ending balance	$542.13M	As of June 30, 2026	—
Contracts awarded (Defense Tech)	$337.26M	Last Twelve Months Ended June 30, 2026	—
Contracts awarded (Space)	$309.73M	Last Twelve Months Ended June 30, 2026	—
Free Cash Flow non-GAAP	-$48.04M	Six Months Ended June 30, 2026	—
Reportable Segment Adjusted EBITDA (Defense Tech) non-GAAP	$19.48M	Six Months Ended June 30, 2026	—
Reportable Segment Adjusted EBITDA (Space) non-GAAP	-$5.73M	Six Months Ended June 30, 2026	—
Reportable Segment Adjusted EBITDA (Total) non-GAAP	$13.75M	Six Months Ended June 30, 2026	—
Total contracts awarded	$646.99M	Last Twelve Months Ended June 30, 2026	—
Total liquidity	$607.8M	as of the second quarter of 2026	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Aerospace & Defense — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
RDW Redwire Corp this stock	$1.93B	+1.7%	+10.3%	—	19.6%
SPCX Space Exploration Technologies Corp	$1.89T	—	—	—	1.0%
GE General Electric Co	$342.88B	+7.7%	+18.5%	38.3	1.2%
RTX RTX Corp	$267.97B	+8.3%	+17.1%	32.2	1.0%
EADSF Airbus SE	$178.35B	-3.2%	—	—	0.1%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

357

% held: 69.6%
Reported: 315 of 334
Top holder: BlackRock, Inc.

Held Float

View

Held by Funds

Fund positions

163

View

Short & Settlement

Short Interest Rising

Shares short

49.2M

Days to cover: 4.6d
Change: +294.8K sh

View

Short Volume

Short vol %

47%

As of: Nov 13, 2026

Short Total

View

Fails to Deliver

FTD shares

1.5K

Value: $16.2K
As of: Oct 2, 2026

View

Off-Exchange

Off-exchange %

52.1%

Week of: Oct 5, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$10.5M

Buyers / Sellers: 0 / 1

Buyers Sellers

View

Financials

Revenue (FY)

$335.4M

Net income (FY): $-226.6M
EPS diluted: $-2.28

View

Filings

SEC Filings

Latest

10-Q

Filed: Nov 5, 2026
This year: 23

Redwire reported third-quarter revenue growth of 5%, gross margin of 32% and a narrowed net loss of $(23.2) million, while bookings reached $188.7 million and backlog $619.7 million. It also won a $20.0 million DARPA SabreSat testing contract.

View

Proposed Sales

Value

$96.7M

Shares: 8.9M
Filed: Apr 22, 2026

View

Exempt Offerings

Offering

$80.8M

Filed: May 4, 2022

View

Earnings & Events

Webcasts

Last webcast

Nov 5, 2026

View

Investor Relations

	5D	20D	120D	MTD	YTD
RDW	+7.2%	-7.9%	-64.9%	-7.9%	+1.7%
SPY	+2.6%	-1.2%	+0.5%	-0.2%	+10.6%
vs SPY	+4.6%	-6.7%	-65.4%	-7.7%	-8.9%

RDW · Redwire Corp

Price & Indicators

Up next

Latest documents

Metrics snapshot

Quarterly results

AI Brief

Equibles Research

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance