Redwire Corporation
- Open
- 12.00
- Day high
- 12.82
- Day low
- 11.88
- Prev close
- 12.23
- Volume
- 15.5M
- Mkt cap
- $2.5B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 2.3
- P/S
- 6.6
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$589.0M over the last 3 months (0 open-market buys, 14 sales)
- 🏛Institutions accumulating (13F)
Redwire Corporation (RDW) is a Industrials company listed on NYSE. The stock is down 20% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 14 sales (SEC Form 4).
Redwire Corporation (RDW) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
RDW earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-0.16 | $-0.18 | -12.5% | $97M | -8.5% |
| Feb 26, 2026 | $-0.16 | $-0.50 | -213.9% | $109M | +10.1% |
| Nov 5, 2025 | $-0.12 | $-0.21 | -75.0% | $103M | +4.7% |
| Aug 6, 2025 | $-0.11 | $-0.39 | -254.5% | $62M | -23.3% |
| Mar 10, 2025 | $-0.18 | $-0.66 | -266.7% | $70M | -6.7% |
| Mar 14, 2024 | $-0.15 | $-0.25 | -66.7% | $63M | +2.4% |
| Aug 10, 2022 | $-0.13 | $0.06 | +146.2% | $37M | -0.7% |
| May 12, 2022 | $-0.09 | $-0.24 | -166.7% | $33M | -17.8% |
| Mar 31, 2022 | $-0.05 | $-0.55 | -1000.0% | $41M | +2.7% |
| Oct 4, 2021 | $-0.05 | $-0.55 | -1001.5% | $33M | — |
| Aug 13, 2021 | — | $-0.27 | — | $32M | — |
| May 24, 2021 | — | $-0.13 | — | $32M | — |
RDW insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 12, 2026 | AE RED HOLDINGS, LLCdirector | Sell | 1,070,565 | $21.48 |
| May 26, 2026 | McConville Jamesdirector | Grant | 9,772 | — |
| May 26, 2026 | AE RED HOLDINGS, LLCdirector | Grant | 19,544 | — |
| May 26, 2026 | Isham Joanne O'Rourkedirector | Grant | 9,772 | — |
| May 26, 2026 | Calvelli Frankdirector | Grant | 9,772 | — |
| May 26, 2026 | Brothers Louis R Jrdirector | Grant | 9,772 | — |
| May 26, 2026 | HAYES DOROTHY Ddirector | Grant | 9,772 | — |
| May 20, 2026 | AE RED HOLDINGS, LLCdirector | Sell | 5,659,509 | $14.50 |
| May 20, 2026 | AE RED HOLDINGS, LLCdirector | Sell | 9,588,077 | $13.30 |
| Apr 24, 2026 | AE RED HOLDINGS, LLCdirector | Sell | 21,365,909 | $10.85 |
| Apr 22, 2026 | AE RED HOLDINGS, LLCdirector, 10 percent owner: | Sell | 977,887 | $10.57 |
| Apr 22, 2026 | AE RED HOLDINGS, LLCdirector, 10 percent owner: | Sell | 1,766,372 | $10.23 |
| Apr 20, 2026 | AE RED HOLDINGS, LLCdirector, 10 percent owner: | Sell | 2,034,536 | $10.77 |
| Apr 20, 2026 | AE RED HOLDINGS, LLCdirector, 10 percent owner: | Sell | 3,145,207 | $10.57 |
| Apr 16, 2026 | AE RED HOLDINGS, LLCdirector, 10 percent owner: | Sell | 692,936 | $9.70 |
Source: RDW SEC Form 4 filings, latest Jun 12, 2026. For informational purposes only — not investment advice.
See the full RDW insider & 13F page →Redwire Corporation company profile
Overview
Redwire Corporation (NYSE:RDW) is a space infrastructure company founded through a series of acquisitions and consolidations of space technology companies, going public via SPAC merger in January 2021. The company develops, manufactures, and sells mission-critical space solutions and components for national security, civil, and commercial space markets globally. Headquartered in Jacksonville, Florida, Redwire has expanded internationally with operations in Luxembourg, Germany, South Korea, and Poland, positioning itself as a key supplier of space infrastructure technologies during the current commercial space boom.
Business
Redwire operates in the space infrastructure industry, providing essential components and systems that enable spacecraft and satellites to function in the harsh environment of space. The company serves as a "picks and shovels" provider to the space economy, meaning it supplies fundamental hardware and software tools that other companies need to build and operate their space missions. The company's offerings span six core product categories. Avionics and sensors include star trackers (devices that help spacecraft determine their orientation by identifying star patterns), sun sensors (which detect the sun's position for navigation), and space-qualified camera systems used in missions ranging from Earth observation to lunar exploration. Power generation solutions center around their Roll-Out Solar Array (ROSA) technology, which provides deployable solar panels that unfold in space to power spacecraft and the International Space Station. Structures and mechanisms encompass composite booms, payload adapters, and deployment systems that help satellites and spacecraft deploy antennas or other equipment once in orbit. The company also produces RF (radio frequency) systems including various antennas that enable communication between spacecraft and ground stations. Their platforms, payloads, and missions segment involves complete spacecraft platforms and specialized payload systems. Finally, their microgravity payloads division focuses on research equipment designed to conduct experiments in the zero-gravity environment of space, including pharmaceutical research and bioprinting capabilities. Revenue distribution varies by quarter, but typically breaks down as approximately 40% commercial customers, 30% civil government (primarily NASA), and 30% national security (Department of Defense and intelligence agencies). The company also offers a proprietary enterprise software suite that enables digital engineering and simulation of spacecraft components and full constellations through a cloud-based Software as a Service model.
Revenue model
Redwire generates revenue primarily through product sales of space hardware components and complete spacecraft systems, along with service contracts for space missions and research activities. The company operates on a project-based business model where customers - including government agencies like NASA and the Department of Defense, commercial satellite operators, and international space agencies - contract Redwire to design, manufacture, and deliver specific space technologies. The company's customers pay for hardware through traditional procurement contracts, often with milestone-based payments as projects progress from design through testing to delivery. For their microgravity research services, Redwire charges fees for conducting experiments aboard the International Space Station using their specialized equipment. The software division operates on a subscription model, providing cloud-based simulation and digital engineering tools to spacecraft designers. Several factors significantly impact Redwire's margins. Program execution risk represents a major challenge, as the company has experienced "Estimated At Completion" (EAC) adjustments when projects encounter technical difficulties or cost overruns, directly reducing profitability. Competition intensity varies by market segment, with some areas seeing aggressive pricing pressure while others allow for higher margins based on technical differentiation. Government budget cycles and policy changes can affect demand timing and pricing, particularly for national security and civil space programs. Supply chain costs and availability of specialized space-qualified components can significantly impact margins, especially during periods of industry growth when demand exceeds supply. The company's ability to scale production while maintaining quality standards directly affects unit costs and overall profitability. Additionally, the mix between lower-margin commodity products and higher-margin specialized systems or complete platforms substantially influences overall financial performance.
Competitive moat
Redwire's competitive moat is moderate but growing, built primarily on technical expertise, flight heritage, and customer relationships rather than traditional economic moats like network effects or switching costs. The company's strongest defensive position comes from its proven flight heritage - having successfully deployed components on numerous space missions creates a track record that risk-averse space customers highly value, as failure in space typically means complete mission loss. The company benefits from specialized technical knowledge accumulated through acquisitions and years of space mission experience. This expertise in space-qualified manufacturing processes, testing protocols, and system integration creates barriers for new entrants who would need years to develop similar capabilities. Additionally, Redwire's security clearances and established relationships with government customers provide some protection in the national security market segment. However, the moat faces significant challenges. The space industry is experiencing rapid growth and attracting substantial investment, leading to increased competition from both established aerospace giants and well-funded startups. Companies like SpaceX are vertically integrating and developing in-house capabilities that could reduce demand for Redwire's components. The commoditization risk is real, as some of Redwire's products may become standardized over time, reducing pricing power. The company is attempting to strengthen its moat by moving up the value chain toward complete spacecraft platforms and specialized services, which could create stronger customer relationships and higher switching costs. Their venture into space-based pharmaceutical research represents a potential future moat if they can establish intellectual property and first-mover advantages in space manufacturing. However, this remains largely unproven commercially.
Risks & safety
Redwire's margin of safety appears concerning based on current financial metrics, with several red flags regarding financial stability and valuation. • Cash burn and solvency risk: The company burned $46.9 million in free cash flow in Q1 2025, with only $54.2 million in cash and short-term investments remaining. At current burn rates, this provides limited runway without additional financing or significant operational improvements. • Debt and liquidity concerns: Current ratio of 1.20 indicates tight liquidity, while the company carries significant liabilities ($247.4 million total liabilities vs $314.1 million total assets). The balance sheet shows negative shareholders' equity. • Valuation metrics: Negative EBITDA makes traditional valuation metrics difficult to assess meaningfully. The company trades at negative EV/EBITDA ratios, indicating operational losses. • Other considerations: The company has consistently reported negative net income and EBITDA in recent quarters, though management projects positive adjusted EBITDA of $70-105 million for 2025. Revenue growth has been strong but inconsistent, and the business model's project-based nature creates inherent lumpiness and execution risk.
Recent development
Over the past few years, Redwire has pursued an aggressive growth strategy centered on four key principles: protecting their core business, scaling production, moving up the value chain, and developing venture optionality. The company has executed several strategic acquisitions, including Harith Systems to expand their spacecraft platform portfolio and the pending acquisition of Edge Autonomy, expected to close in Q2 2025, which will add autonomous systems capabilities and expand their addressable market. A significant strategic pivot involves moving up the value chain from component supplier to complete spacecraft platform provider. The company has developed five distinct spacecraft platforms, including their SabreSat and Phantom Very Low Earth Orbit (VLEO) platforms, and secured prime contractor roles on programs like the DARPA VLEO SabreSat program. This shift aims to capture higher margins and create stronger customer relationships. The company has also invested heavily in venture optionality through their microgravity research platform, particularly in space-based pharmaceutical development. Their PIL-BOX (Pharmaceutical In-space Laboratory) system has conducted multiple drug development experiments aboard the International Space Station, including partnerships with major pharmaceutical companies like Bristol Myers Squibb and Eli Lilly. This represents a potential future revenue stream in space-based manufacturing and research services. Redwire has significantly expanded their international presence, establishing operations across Europe and Asia while pursuing opportunities in lunar exploration through partnerships like their MOU with ispace-U.S. The company has also grown their government relationships, with national security revenue increasing from 16% to 32% year-over-year in Q1 2025, reflecting successful expansion beyond their traditional civil space customer base.
RDW company profile · for informational purposes only — not investment advice.
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