Redwire Corporation (RDW) Balance Sheet
RDW balance sheet, 2025
December 31, 2025 · U.S. dollars$1.45B assets = $389.1M liabilities + $1.06B equity
Both columns are drawn to the same scale: what RDW owns equals what it owes plus shareholders’ equity. Hover a block for its value.
RDW financial health
Descriptive bands, not a rating. Fiscal 2025.
RDW balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $10.1M2019 | $1.45B2025 | +128.8%/yr | |
| Total liabilities | $14.3M2019 | $389.1M2025 | +73.5%/yr | |
| Shareholders’ equity | −$4.2M2019 | $1.06B2025 | — | |
| Cash & short-term investments | $9.3M2019 | $95.2M2025 | +47.4%/yr | |
| Total debt | $3.3M2019 | $231.3M2025 | +103.0%/yr | |
| Net cash (debt) | $6.0M2019 | −$136.1M2025 | −$142.1M | |
| Working capital | $1.1M2019 | $97.2M2025 | +$96.1M | |
| Book value per share | −$0.072019 | $8.872025 | — | |
| Current ratio | 1.132019 | 1.622025 | +0.49 | |
| Debt / equity | 2.032020 | 0.222025 | −1.81 | |
| Shares outstanding | 59.7M2019 | 119.5M2025 | +12.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
RDW assets
RDW liabilities and equity
RDW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
RDW balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $95.2M | $49.1M | $30.3M | $28.3M | $20.5M | $22.1M | $9.3M |
| Cash & equivalents | $95.2M | $49.1M | $30.3M | $28.3M | $20.5M | $22.1M | $9.3M |
| Short-term investments | — | — | — | — | — | $166.2M | — |
| Receivables | $81.3M | $65.6M | $70.0M | $58.5M | $28.7M | $15.8M | $238,000 |
| Inventory | $55.8M | $2.2M | $1.5M | $1.5M | $688,000 | $330,000 | $0 |
| Other current assets | $20.5M | $9.0M | $7.5M | $7.9M | $5.3M | $1.1M | $220,000 |
| Total current assets | $252.8M | $125.9M | $109.3M | $96.2M | $55.2M | $39.3M | $9.8M |
| Property, plant & equipment (net) | $80.9M | $33.1M | $29.1M | $25.9M | $19.4M | $3.3M | $253,000 |
| Goodwill & intangible assets | $1.12B | $132.9M | $128.7M | $131.5M | $187.2M | $113.7M | $0 |
| Long-term investments | $0 | $0 | $3.6M | $3.3M | $0 | $0 | $0 |
| Other non-current assets | $118,000 | $629,000 | $511,000 | $909,000 | $0 | $534,000 | $102,000 |
| Total assets | $1.45B | $292.6M | $271.3M | $257.7M | $261.8M | $156.8M | $10.1M |
| Liabilities | |||||||
| Accounts payable | $32.3M | $32.1M | $18.6M | $17.6M | $13.1M | $7.2M | $1.6M |
| Short-term debt | $12.0M | $6.1M | $5.6M | $7.1M | $3.7M | $2.9M | $208,000 |
| Deferred revenue | $60.1M | $67.2M | $52.6M | $29.8M | $15.7M | $15.7M | — |
| Total current liabilities | $155.6M | $149.3M | $112.0M | $94.7M | $51.2M | $33.6M | $8.6M |
| Long-term debt | $81.3M | $125.4M | $88.0M | $75.3M | $74.9M | $76.6M | $3.1M |
| Lease obligations | $36.4M | $19.3M | $17.6M | $16.8M | $0 | — | — |
| Other long-term liabilities | $152.2M | $69.7M | $18.4M | $17.7M | $28.4M | $7.4M | $2.6M |
| Total liabilities | $389.1M | $344.5M | $218.4M | $187.8M | $154.5M | $117.6M | $14.3M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $19,000 | $7,000 | $7,000 | $6,000 | $6,000 | $4,000 | — |
| Retained earnings (deficit) | −$621.8M | −$348.1M | −$233.8M | −$206.5M | −$75.9M | −$14.4M | −$13.2M |
| Accumulated other comprehensive income | $10.3M | $1.3M | $2.9M | $2.1M | $102,999 | $506,000 | −$8,000 |
| Minority interest | — | $0 | $228,000 | $226,000 | — | — | — |
| Total shareholders' equity | $1.06B | −$51.9M | $52.6M | $69.7M | $107.2M | $39.2M | −$4.2M |
| Key figures | |||||||
| Total debt | $231.3M | $145.0M | $105.8M | $95.1M | $78.6M | $79.5M | $3.3M |
| Net cash (debt) | −$136.1M | −$95.9M | −$75.6M | −$66.8M | −$58.0M | −$57.5M | $6.0M |
| Working capital | $97.2M | −$23.4M | −$2.7M | $1.4M | $4.0M | $5.7M | $1.1M |
| Tangible book value | −$55.3M | −$184.9M | −$76.1M | −$61.8M | −$79.9M | −$74.5M | −$4.2M |
| Book value per share | $8.87 | −$0.78 | $0.81 | $1.08 | $1.71 | $0.66 | −$0.07 |
| Shares outstanding | 119.5M | 66.1M | 64.7M | 64.3M | 62.7M | 59.7M | 59.7M |
| Current ratio | 1.62 | 0.84 | 0.98 | 1.02 | 1.08 | 1.17 | 1.13 |
| Quick ratio | 1.13 | 0.77 | 0.90 | 0.92 | 0.96 | 1.13 | 1.11 |
| Debt / equity | 0.22 | — | 2.01 | 1.36 | 0.73 | 2.03 | — |
| Equity / assets | 73.1% | −17.7% | 19.4% | 27.0% | 41.0% | 25.0% | −41.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $557.7M | $145.2M | $95.2M | $54.3M | $78.6M | $54.2M | $49.1M | $43.1M | $30.8M | $32.6M | $30.3M | $10.9M |
| Cash & equivalents | $557.7M | $145.2M | $95.2M | $54.3M | $78.6M | $54.2M | $49.1M | $43.1M | $30.8M | $32.6M | $30.3M | $10.9M |
| Receivables | $99.5M | $85.8M | $81.3M | $82.9M | $87.9M | $76.0M | $65.6M | $69.4M | $65.6M | $59.2M | $70.0M | $65.1M |
| Inventory | $85.4M | $69.3M | $55.8M | $53.5M | $58.8M | $2.2M | $2.2M | $2.1M | $1.8M | $1.6M | $1.5M | $1.7M |
| Other current assets | $18.5M | $20.4M | $20.5M | $19.9M | $19.3M | $9.7M | $9.0M | $12.0M | $7.0M | $6.6M | $7.5M | $6.8M |
| Total current assets | $761.2M | $320.7M | $252.8M | $210.6M | $244.5M | $142.1M | $125.9M | $126.5M | $105.3M | $99.9M | $109.3M | $84.4M |
| Property, plant & equipment (net) | $90.5M | $87.3M | $80.9M | $82.0M | $77.8M | $34.8M | $33.1M | $27.6M | $27.4M | $28.2M | $29.1M | $28.7M |
| Goodwill & intangible assets | $1.09B | $326.7M | $1.12B | $1.15B | $1.19B | $134.1M | $132.9M | $135.1M | $127.0M | $127.3M | $128.7M | $127.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.6M | $3.6M | $3.2M |
| Other non-current assets | $428,000 | $776.4M | $118,000 | $365,000 | $521,000 | $3.1M | $629,000 | $724,000 | $604,000 | $475,000 | $511,000 | $509,000 |
| Total assets | $1.94B | $1.51B | $1.45B | $1.45B | $1.51B | $314.1M | $292.6M | $289.9M | $260.3M | $259.5M | $271.3M | $244.2M |
| Liabilities | ||||||||||||
| Accounts payable | $54.2M | $42.4M | $32.3M | $34.3M | $38.9M | $28.2M | $32.1M | $19.9M | $27.8M | $28.1M | $18.6M | $14.2M |
| Short-term debt | $9.7M | $13.1M | $12.0M | $13.3M | $17.6M | $5.8M | $6.1M | $5.8M | $4.7M | $4.9M | $5.6M | $6.0M |
| Deferred revenue | $85.0M | $79.8M | $60.1M | $60.0M | $65.3M | $59.7M | $67.2M | $56.7M | $44.1M | $37.2M | $52.6M | $27.1M |
| Total current liabilities | $194.2M | $183.1M | $155.6M | $149.6M | $167.4M | $118.5M | $149.3M | $131.0M | $107.3M | $103.4M | $112.0M | $87.2M |
| Long-term debt | $43.6M | $83.4M | $81.3M | $185.8M | $186.5M | $105.4M | $125.4M | $122.6M | $94.6M | $89.7M | $86.8M | $80.8M |
| Lease obligations | $39.0M | $40.5M | $36.4M | $35.7M | $34.5M | $20.2M | $19.3M | $14.9M | $15.7M | $16.7M | $17.6M | $18.0M |
| Other long-term liabilities | $75.7M | $157.1M | $152.2M | $182.8M | $94.7M | $23.5M | $69.7M | $24.0M | $27.9M | $19.9M | $19.6M | $19.5M |
| Total liabilities | $313.5M | $423.6M | $389.1M | $518.2M | $448.7M | $247.4M | $344.5M | $277.7M | $229.8M | $213.0M | $218.4M | $187.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $25,000 | $20,000 | $19,000 | $15,000 | $14,000 | $8,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $6,000 |
| Retained earnings (deficit) | −$739.2M | −$698.3M | −$621.8M | −$536.3M | −$493.4M | −$351.1M | −$348.1M | −$280.9M | −$260.0M | −$241.9M | −$233.8M | −$225.5M |
| Accumulated other comprehensive income | −$1.3M | $3.9M | $10.3M | $10.9M | $12.3M | $2.2M | $1.3M | $2.9M | $2.0M | $2.2M | $2.9M | $1.8M |
| Total shareholders' equity | $1.63B | $1.09B | $1.06B | $928.0M | $1.06B | $66.7M | −$51.9M | $12.3M | $30.4M | $46.3M | $52.6M | $56.5M |
| Key figures | ||||||||||||
| Total debt | $87.1M | $208.9M | $231.3M | $333.7M | $232.4M | $125.4M | $145.0M | $138.2M | $111.1M | $107.2M | $105.8M | $100.0M |
| Net cash (debt) | $470.6M | −$63.7M | −$136.1M | −$279.4M | −$153.9M | −$71.2M | −$95.9M | −$95.1M | −$80.3M | −$74.6M | −$75.6M | −$89.1M |
| Working capital | $566.9M | $137.6M | $97.2M | $61.1M | $77.1M | $23.6M | −$23.4M | −$4.5M | −$2.0M | −$3.5M | −$2.7M | −$2.8M |
| Tangible book value | $538.6M | $760.8M | −$55.3M | −$225.2M | −$125.9M | −$67.4M | −$184.9M | −$122.8M | −$96.5M | −$81.0M | −$76.1M | −$70.8M |
| Book value per share | $7.39 | $5.62 | $6.23 | $9.06 | $11.83 | $0.94 | −$0.78 | $0.18 | $0.46 | $0.71 | $0.81 | $0.87 |
| Shares outstanding | 220.5M | 193.7M | 170.2M | 102.5M | 89.6M | 71.2M | 66.8M | 66.5M | 65.7M | 65.6M | 65.2M | 64.8M |
| Current ratio | 3.92 | 1.75 | 1.62 | 1.41 | 1.46 | 1.20 | 0.84 | 0.97 | 0.98 | 0.97 | 0.98 | 0.97 |
| Quick ratio | 3.38 | 1.26 | 1.13 | 0.92 | 0.99 | 1.10 | 0.77 | 0.86 | 0.90 | 0.89 | 0.90 | 0.87 |
| Debt / equity | 0.05 | 0.19 | 0.22 | 0.36 | 0.22 | 1.88 | — | 11.26 | 3.65 | 2.31 | 2.01 | 1.77 |
| Equity / assets | 83.9% | 72.0% | 73.1% | 64.2% | 70.2% | 21.2% | −17.7% | 4.2% | 11.7% | 17.8% | 19.4% | 23.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 27, 2026); data from EODHD.
RDW financial position
At the end of fiscal 2025 (December 31, 2025), Redwire had total assets of $1.4 billion (up 395.2% from a year earlier), total liabilities of $389.1 million and shareholders' equity of $1.1 billion. It held $95.2 million in cash and short-term investments against $231.3 million of debt, net debt of $136.1 million. Its current ratio was 1.62. In the latest quarter (ended June 30, 2026) total assets were $1.9 billion and equity $1.6 billion.
Related: RDW income statement, RDW cash flow statement, RDW key metrics. See the RDW stock overview for the latest quote and news.
RDW balance sheet FAQ
What are Redwire's total assets?
Redwire reported total assets of $1.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $292.6 million a year earlier.
How much debt does Redwire have?
Redwire had $231.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.22.
How much cash does Redwire have?
Redwire held $95.2 million in cash and short-term investments at the end of fiscal 2025; with $231.3 million of debt that is net debt of $136.1 million.
What is Redwire's book value?
Redwire's shareholders' equity (book value) was $1.1 billion at the end of fiscal 2025, or $8.87 per share.
What is Redwire's current ratio?
Redwire had current assets of $252.8 million and current liabilities of $155.6 million, a current ratio of 1.62 (it can cover its short-term obligations).
How much goodwill does Redwire have?
Redwire carried $1.1 billion of goodwill and intangible assets, 77.0% of total assets, at the end of fiscal 2025.