Redwire Corp
RDW · Guided Missiles & Space Vehicles & Parts · 198.9M shares · EDGAR filings ↗
Grade
D49Space-and-defense integrator burning heavily with very thin margins despite a strategic Edge Autonomy acquisition and growing defense demand.
Strengths
- Diversified space + defense-tech portfolio with flight heritage and UAS growth
- Manageable leverage (D/E 0.08, 26th pct) and adequate current ratio (1.62)
Risks
- Gross margin just 5% (6th pct), net margin -68%, FCF -$191M (5th pct)
- Only ~2.0 quarters of cash runway (23rd pct) — funding risk amid heavy integration spend
- Customer concentration and dependence on uncertain government budget cycles
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -67.6%)
- Cash burnNegative free cash flow (-190.8M)
- Revenue declineRevenue -10.9% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
5.2%
Operating margin
-68.5%
Net margin
-67.6%
Return on equity
-21.4%
Return on assets
-15.6%
ROIC
-15.9%
Revenue growth (QoQ)
-10.9%
Debt / equity
0.1×
Current ratio
1.6×
Free cash flow
-$191M
EBITDA
-$197M
Tangible book value
-$55M
Cash & investments
$94M
Cash runway
2q
Stock comp / revenue
17.6%
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-18 | OtherExhibits | filing ↗ |
| 2026-06-09 | Material agreementExhibits | filing ↗ |
| 2026-05-20 | Shareholder voteOther | filing ↗ |
| 2026-05-06 | ResultsExhibits | filing ↗ |
| 2026-05-05 | OtherExhibits | filing ↗ |
| 2026-03-17 | Exec/director changeReg FDOtherExhibits | filing ↗ |
| 2026-02-26 | Material agreement1.02ResultsDebt obligationExhibits | filing ↗ |
| 2026-02-25 | Material agreement1.02ResultsDebt obligationExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-18 | 0001819810-26-000081 ↗ |
| 8-K | 2026-06-09 | 2026-06-09 | 0001819810-26-000078 ↗ |
| 8-K | 2026-05-20 | 2026-05-20 | 0001819810-26-000065 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001819810-26-000063 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001819810-26-000060 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001819810-26-000054 ↗ |
| 8-K | 2026-03-17 | 2026-03-12 | 0001819810-26-000038 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001819810-26-000029 ↗ |
| 8-K/A | 2026-02-26 | 2026-02-20 | 0001819810-26-000019 ↗ |
| 8-K | 2026-02-25 | 2026-02-20 | 0001819810-26-000017 ↗ |
| 8-K | 2026-02-17 | 2026-02-11 | 0001819810-26-000014 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0001819810-25-000253 ↗ |