Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Redwire Corp files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
138
161
244
304
335
Cost of revenue
108
132
186
260
318
Gross profit
29.4
28.7
58
44.5
17.3
Research and development
4.52
4.94
4.98
6.13
19.8
Selling, general and administrative
78.7
70.3
68.5
71.4
171
Operating income
-70.2
-146
-15.5
-42.2
-230
Interest expense
6.46
8.22
10.7
13.5
39.8
Other non-operating income
3.84
16.1
-1.5
-60.6
18.8
Pre-tax income
-72.8
-139
-27.8
-116
-252
Income tax
-11.3
-7.97
-0.49
-2.02
-25
Net income to minority interests
0
-0
-0
0
0
Net income
-61.5
-131
-27.3
-114
-227
EBITDA
-59.6
-135
-4.82
-30.5
-197
EPS, basic
-1.36
-2.09
-0.73
-2.35
-2.28
EPS, diluted
-1.36
-2.09
-0.73
-2.35
-2.28
Shares, basic (weighted)
45.1
63.3
64.7
66.1
120
Shares, diluted (weighted)
45.1
63.3
64.7
66.1
120
Balance sheet
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
20.5
28.3
30.3
33.7
94.5
Receivables
16.3
26.7
32.4
21.9
37.3
Inventory
0.69
1.47
1.52
2.24
55.8
Other current assets
2.49
5.69
6.43
9.67
20.5
Total current assets
55.2
96.2
109
126
253
Property, plant and equipment
19.4
12.8
15.9
17.8
49.2
Lease right-of-use assets
0
13.1
13.2
15.3
31.7
Goodwill
96.3
64.6
65.8
71.2
779
Intangible assets
90.8
66.9
63
61.8
336
Other non-current assets
0
0.91
0.51
0.63
0.12
Total assets
262
258
271
293
1,449
Accounts payable
13.1
17.6
18.6
32.1
32.3
Accrued liabilities
17.1
36.6
32.9
24.2
32
Deferred revenue
15.7
29.8
52.6
67.2
60.1
Short-term debt
2.68
2.58
1.38
1.27
5.16
Total current liabilities
51.2
94.7
112
149
156
Long-term debt
74.9
74.7
86.8
124
80
Lease liabilities
0
12.7
12.3
13.4
30.5
Other non-current liabilities
0.73
0.51
0.4
0.43
2.12
Total liabilities
155
188
218
345
312
Total debt
77.6
77.3
88.2
126
85.2
Paid-in capital
183
198
188
162
1,679
Retained earnings
-75.9
-207
-234
-348
-622
Treasury stock
0
-0.38
-0.95
-3.57
-7.34
Other comprehensive income
0.1
2.08
2.9
1.34
10.3
Shareholders' equity
107
-6.7
-43.5
-189
1,060
Minority interests
0
0.23
0.23
0
Total equity
107
-6.48
-43.3
-189
1,060
Total liabilities and equity
262
258
271
293
1,449
Shares outstanding
62.7
64.3
65.5
67
192
Cash flow statement
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
-61.5
-131
-27.3
-114
-227
Depreciation and amortization
10.6
11.3
10.7
11.7
32.6
Stock-based compensation
27.1
10.8
8.66
11.3
59
Deferred income tax
-11.3
-8.26
-0.93
-1.8
-24.9
Change in receivables
-6.82
-6.65
-5.56
14.7
-2.32
Change in inventory
-0.2
-0.98
-0.04
-0.73
-6.65
Change in payables
10.4
-0
-3.28
4.37
-11.7
Cash from operations
-37.4
-31.7
1.23
-17.3
-177
Capital expenditures
-2.09
-3.63
-5.62
-6.4
-13.5
Acquisitions
-40.6
-33.2
0
-0.88
-152
Cash from investing
-38.5
-37.4
-8.33
-7.2
-175
Debt issued
53
22.7
36.7
46
191
Debt repaid
-52.8
-23.7
-26.7
-8.86
-234
Stock issued
0
2.96
1.24
2.67
518
Cash from financing
74.2
76.6
9.06
43.7
397
Exchange rate effect
0.14
0.27
-0
-0.38
1.02
Net change in cash
-1.55
7.79
1.96
18.8
46.1
Free cash flow
-39.5
-35.3
-4.39
-23.7
-191
Interest paid
6.02
6.87
9.08
12.2
39.1
Income taxes paid
0
0
0
0.2
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to September 30, 2026; growth uses fiscal years. Valuation uses the share price of $8.13 on November 10, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
24.1%
Gross profit / revenue.
Operating margin
-46.2%
Operating income / revenue.
EBITDA margin
-35.5%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-51.7%
Pre-tax income / revenue.
Net margin
-52.4%
Net income / revenue.
FCF margin
-31.6%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
-27.7%
Cash from operations / revenue.
Return on equity (ROE)
-14.1%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-11.9%
Net income / average total assets.
Return on invested capital (ROIC)
-13.5%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue
11.4%
Research and development expense / revenue.
SG&A / revenue
50.7%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
15.8%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
4.0%
Capital expenditures / revenue.
D&A / revenue
10.7%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
10.3%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
27.8%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
-61.1%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-15.5%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
395.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
77.8%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
80.7%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
23.6%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
4.20x
Current assets / current liabilities.
Quick ratio
3.01x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
2.84x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.03x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
2.5%
Total debt / total assets.
Liabilities / assets
15.2%
Total liabilities / total assets.
Net debt
-$441.1M
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.90
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$1.73
Revenue / diluted weighted shares.
FCF per share
-$0.55
Free cash flow / diluted weighted shares.
Operating cash flow per share
-$0.48
Cash from operations / diluted weighted shares.
Book value per share
$6.43
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
4.71x
Market cap / revenue.
P/B
1.26x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
3.85x
Market cap / tangible book value, when positive.
EV/Sales
3.68x
Enterprise value / revenue.
FCF yield
-6.7%
Free cash flow / market cap.
Earnings yield
-11.1%
Net income / market cap (the inverse of P/E).
What was Redwire Corp's revenue in fiscal 2025?
Redwire Corp reported revenue of $335.4M for fiscal 2025, 10.3% higher than the year before.
Was Redwire Corp profitable in fiscal 2025?
No. It reported a net loss of $226.6M.
How much free cash flow did Redwire Corp generate in fiscal 2025?
Cash from operations of $177.3M minus capital expenditures of $13.5M left free cash flow of -$190.8M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.