Redwire Corp income statement
In fiscal 2025, Redwire Corp reported revenue of $335m, up 10.3% on the year before, operating income of −$230m (a -68.5% margin) and net income of −$227m, or −$2.28 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 138 | 161 | 244 | 304 | 335 | 426 |
| Cost of revenue | 108 | 132 | 186 | 260 | 318 | 341 |
| Gross profit | 29 | 29 | 58 | 44 | 17 | 86 |
| Research and development | 5 | 5 | 5 | 6 | 20 | 42 |
| Selling, general and administrative | 79 | 70 | 69 | 71 | 171 | 223 |
| Operating income | −70 | −146 | −16 | −42 | −230 | −215 |
| Interest expense | 6 | 8 | 11 | 13 | 40 | — |
| Income before tax | −73 | −139 | −28 | −116 | −252 | −234 |
| Income tax | −11 | −8 | −0 | −2 | −25 | 10 |
| Net income | −62 | −131 | −27 | −114 | −227 | −244 |
| Diluted EPS | −$1.36 | −$2.09 | −$0.73 | −$2.35 | −$2.28 | — |
| Diluted shares (average) | 45m | 63m | 65m | 66m | 120m | — |
| EBITDA | −60 | −135 | −5 | −31 | −197 | −168 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 69 | 70 | 61 | 62 | 103 | 109 | 97 | 117 |
| Cost of revenue | 57 | 65 | 52 | 81 | 87 | 98 | 71 | 85 |
| Gross profit | 12 | 5 | 9 | −19 | 17 | 10 | 26 | 33 |
| Research and development | 2 | 1 | 1 | 2 | 8 | 10 | 13 | 13 |
| Selling, general and administrative | 18 | 18 | 19 | 54 | 50 | 48 | 83 | 42 |
| Operating income | −13 | −19 | −14 | −92 | −42 | −82 | −70 | −22 |
| Income before tax | −21 | −69 | −3 | −130 | −34 | −85 | −76 | −39 |
| Income tax | −0 | −2 | −0 | −33 | 7 | 1 | 1 | 2 |
| Net income | −21 | −67 | −3 | −97 | −41 | −85 | −77 | −41 |
| Diluted EPS | −$0.37 | −$1.39 | −$0.09 | −$1.41 | −$0.29 | −$0.56 | −$0.40 | −$0.19 |
| EBITDA | −10 | −16 | −11 | −87 | −30 | −69 | −58 | −11 |
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