Redwire Corporation (RDW) Income Statement
RDW 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsRDW revenue and net income
Where RDW's revenue goes
2025Each bar shows an amount and its share of revenue. RDW kept −67.6% of revenue as net income.
RDW profit margins
RDW growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.3% | +27.8% | +42.3% | — |
| Gross profit | −61.1% | −15.5% | +7.3% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
RDW quarterly EPS vs estimates
Redwire beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 4, 2026 (estimate $-0.10).
RDW income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $335.4M | $304.1M | $243.8M | $160.5M | $137.6M | $57.4M | $19.0M |
| Cost of revenue | $318.1M | $259.6M | $185.8M | $131.9M | $108.2M | $45.3M | $15.0M |
| Gross profit | $17.3M | $44.5M | $58.0M | $28.7M | $29.4M | $12.1M | $4.0M |
| Research & development | $19.8M | $6.1M | $5.0M | $4.9M | $4.5M | $2.4M | $890,000 |
| Sales, general & admin | $171.3M | $71.4M | $68.5M | $70.3M | $68.4M | $39,660 | $6.3M |
| Total operating expenses | $247.0M | $86.7M | $73.5M | $175.1M | $99.6M | −$39,657 | $7.2M |
| Operating income | −$229.7M | −$42.2M | −$15.5M | −$146.4M | −$70.2M | −$39,657 | −$3.2M |
| Interest income | $39.7M | $13.5M | $10.7M | $8.2M | $6.5M | $10,750 | $107,000 |
| Interest expense | $39.7M | $13.5M | $10.7M | $8.2M | $6.5M | $1.1M | $0 |
| Income before taxes | −$251.6M | −$116.3M | −$27.8M | −$138.6M | −$72.8M | −$39,657 | −$3.3M |
| Income taxes | −$25.0M | −$2.0M | −$486,000 | −$8.0M | −$11.3M | −$4.0M | $10,000 |
| Net income | −$226.6M | −$114.3M | −$27.3M | −$130.6M | −$61.5M | −$39,657 | −$3.4M |
| EBITDA | −$179.2M | −$21.4M | −$4.8M | −$35.3M | −$33.0M | −$39,657 | −$3.1M |
| EPS (diluted) | −$1.93 | −$0.61 | −$0.32 | −$2.04 | −$1.11 | −$0.61 | — |
| Gross margin | 5.2% | 14.6% | 23.8% | 17.9% | 21.3% | 21.1% | 21.0% |
| Operating margin | −68.5% | −13.9% | −6.4% | −91.2% | −51.0% | −0.1% | −16.9% |
| Net margin | −67.6% | −37.6% | −11.2% | −81.4% | −44.7% | −0.1% | −17.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $117.1M | $97.0M | $108.8M | $103.4M | $61.8M | $61.4M | $69.6M | $68.6M | $78.1M | $87.8M | $63.5M | $62.6M |
| Cost of revenue | $84.5M | $71.2M | $98.3M | $86.6M | $80.8M | $52.4M | $64.9M | $56.6M | $65.1M | $73.0M | $52.8M | $45.5M |
| Gross profit | $32.5M | $25.8M | $10.5M | $16.8M | −$19.1M | $9.0M | $4.6M | $12.0M | $13.0M | $14.8M | $10.7M | $17.1M |
| Research & development | $12.5M | $12.6M | $9.5M | $7.7M | $1.7M | $813,000 | $1.4M | $1.9M | $1.7M | $1.0M | $989,000 | $1.5M |
| Sales, general & admin | $42.1M | $82.9M | $47.8M | $50.3M | $707,636 | $18.7M | $18.5M | $17.5M | $18.1M | $17.4M | $16.6M | $18.3M |
| Total operating expenses | $54.6M | $94.6M | $92.1M | $58.7M | $72.8M | $23.4M | $23.6M | $24.5M | $20.1M | $18.4M | $17.6M | $19.8M |
| Operating income | −$22.1M | −$68.8M | −$81.6M | −$41.9M | −$91.9M | −$14.3M | −$19.0M | −$12.5M | −$7.1M | −$3.6M | −$6.8M | −$2.7M |
| Interest income | — | — | $6.1M | $6.3M | $23.8M | $3.6M | $3.9M | $3.6M | — | — | — | $2.6M |
| Interest expense | $796,000 | $2.5M | $6.1M | $6.3M | $23.8M | $3.6M | $3.9M | $3.6M | $3.0M | $2.9M | $2.8M | $2.6M |
| Income before taxes | −$39.1M | −$75.9M | −$84.6M | −$34.3M | −$129.6M | −$3.1M | −$68.8M | −$21.4M | −$18.1M | −$8.0M | −$8.3M | −$6.6M |
| Income taxes | $1.9M | $641,000 | $910,000 | $6.9M | −$32.6M | −$182,000 | −$1.7M | −$472,000 | $15,000 | $109,000 | −$117,000 | −$253,000 |
| Net income | −$41.0M | −$76.5M | −$85.5M | −$41.2M | −$97.0M | −$2.9M | −$67.2M | −$21.0M | −$18.1M | −$8.1M | −$8.3M | −$6.3M |
| EBITDA | −$26.9M | −$62.1M | −$66.1M | −$15.9M | −$70.2M | −$7.5M | −$12.1M | −$4.5M | −$12.1M | −$2.3M | −$2.8M | −$1.1M |
| EPS (diluted) | −$0.09 | −$0.12 | −$0.22 | −$0.21 | −$1.41 | −$0.09 | −$0.24 | −$0.10 | −$0.10 | −$0.17 | −$0.09 | −$0.04 |
| Gross margin | 27.8% | 26.6% | 9.6% | 16.3% | −30.9% | 14.7% | 6.6% | 17.5% | 16.6% | 16.9% | 16.9% | 27.3% |
| Operating margin | −18.9% | −70.9% | −75.0% | −40.5% | −148.8% | −23.3% | −27.3% | −18.2% | −9.1% | −4.1% | −10.8% | −4.3% |
| Net margin | −35.0% | −78.9% | −78.6% | −39.8% | −157.0% | −4.8% | −96.6% | −30.5% | −23.2% | −9.2% | −13.1% | −10.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in RDW's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
RDW financial results
In fiscal year 2025 (ended December 31, 2025), Redwire reported revenue of $335.4 million, up 10.3% from the year before. It had a net loss of $226.6 million, a net profit margin of −67.6%. Diluted earnings per share came to −$1.93. Over five years revenue grew at an average rate of 42.3% a year.
See the RDW stock overview for the latest quote and news, or the RDW chart for price history and technical indicators.
RDW income statement FAQ
What is Redwire's annual revenue?
Redwire reported total revenue of $335.4 million for fiscal year 2025, which ended on December 31, 2025. That was up 10.3% from $304.1 million the previous year.
Is Redwire profitable?
No. Redwire reported a net loss of $226.6 million in fiscal 2025, a net profit margin of −67.6%; its operating margin was −68.5%.
What is Redwire's gross margin?
Redwire's gross margin was 5.2% in fiscal 2025: for every $100 of revenue, Redwire kept $5 after the direct cost of its products and services.
How much does Redwire spend on research and development?
Redwire spent $19.8 million on research and development in fiscal 2025, 5.9% of revenue.
How fast is Redwire growing?
Revenue grew 42.3% a year on average over the last five fiscal years, from $57.4 million to $335.4 million.
What are Redwire's earnings per share?
Redwire earned $-1.93 per diluted share in fiscal 2025, compared with $-0.61 a year earlier.
When will Redwire report its next earnings?
Redwire is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Redwire's fiscal year end?
Redwire's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.