Redwire (RDW)
Redwire (RDW) is a space and defense technology company that supplies spacecraft components, structures, solar arrays, and in-space manufacturing, and, after acquiring Edge Autonomy, also makes defense drones. In ETFpedia it represents the U.S. Space Tech concept as an upstream component supplier whose parts sit inside many other companies’ satellites.
| Ticker | RDW |
|---|---|
| Exchange | NYSE |
| Sector | Aerospace · Space Infrastructure & Defense Tech |
| Country | United States |
| Wikidata | Q106432676 |
| Last updated | 2026-06-04 |
Next event:Next earnings · Q2 2026, estimated · Calendar-estimated from prior years; not confirmed by Redwire. Last report: Q1 2026 on 2026-05-06. (source)
Latest reported quarter:Q1 2026 (ended Mar 31, 2026) (reported2026-05-06)
Redwire reported Q1 2026 revenue of $97.0 million, up 57.9% year over year, split between its Space and Defense Tech segments, but a large GAAP net loss of $76.5 million driven mostly by non-cash equity-based compensation. Bookings of $186.5 million lifted backlog to a record $498.1 million.
| Revenue | $97.0M+57.9%YoY |
|---|---|
| GAAP net loss | $(76.5)M · Driven largely by non-cash equity-based compensation |
| Bookings | $186.5M · Book-to-bill of 1.92 |
| Contracted backlog | $498.1M+71.1%YoY · Record; +21.1% QoQ |
| Gross margin | 26.6% |
Revenue by segment
| Space | $52.7M · 54.3%of revenue |
|---|---|
| Defense Tech | $44.3M · 45.7%of revenue |
Guidance:Full-year 2026
| Revenue | $450M-$500M |
|---|
Full-year 2026 revenue guidance reaffirmed with the Q1 2026 release.
Recent & upcoming events
- · Q1 2026 results.Revenue $97.0M (+57.9%) with Space $52.7M and Defense Tech $44.3M; net loss $76.5M, but bookings of $186.5M (1.92 book-to-bill) drove record backlog of $498.1M. (source)
- · Closed $925M Edge Autonomy acquisition.Acquired uncrewed-aerial-systems maker Edge Autonomy for about $925M, creating the Defense Tech segment and turning Redwire into a multi-domain space and defense company. (source)
Revenue, segments, net loss, bookings, and backlog are from the Q1 2026 8-K. The net loss is driven largely by non-cash equity-based compensation. Segment shares are computed from the two reported segment revenues.
Figures are as of 2026-06-04 and reflect the most recent public filings/IR releases; they are updated after each earnings report.
What does Redwire do?
Redwire is a supplier of the parts and structures that make spacecraft work. It builds deployable solar arrays, structures, sensors, avionics, and in-space manufacturing technology that go inside satellites and exploration missions flown by others, which means its hardware shows up across a wide range of programs rather than depending on any single mission. In June 2025 it acquired Edge Autonomy, a maker of uncrewed aerial systems and autonomy technology, for about $925 million (SpaceNews). That deal created a Defense Tech segment alongside the legacy Space segment and turned Redwire into a multi-domain space and defense company spanning orbit and the air.
“We continue to see very strong demand for our differentiated products with a Book-to-Bill ratio of 1.92 resulting in record Backlog of $498.1 million.”
Why is Redwire a U.S. Space Tech company?
The U.S. Space Tech theme needs more than rockets and satellites; it needs the suppliers that build the components inside them. Redwire fills that upstream supplier role, and its parts are flight-proven across many spacecraft, so it offers diversified exposure to the build-out of space infrastructure. The Edge Autonomy acquisition widened that exposure into defense drones, giving the theme a multi-domain angle. In Q1 2026 revenue split roughly evenly, with Space at $52.7 million and Defense Tech at $44.3 million (Redwire Q1 2026), and the company was selected as one of 14 vendors on Space Systems Command’s Andromeda IDIQ, whose ceiling has grown past $6 billion.
What did Redwire report most recently?
In Q1 2026 (the quarter ended March 31, 2026), Redwire reported revenue of $97.0 million, up 57.9% year over year, with gross margin of 26.6% (Redwire Q1 2026 8-K). The company posted a large GAAP net loss of $76.5 million, which it attributed largely to non-cash equity-based compensation expense rather than operating cash burn. Demand was the bright spot: bookings of $186.5 million produced a book-to-bill of 1.92 and lifted contracted backlog to a record $498.1 million, up 71.1% year over year. For full-year 2025, Redwire reported revenue of $335.4 million, up 10%, against a net loss of $226.6 million, reflecting acquisition and integration costs.
What is Redwire’s guidance?
Management reaffirmed full-year 2026 revenue guidance of $450 million to $500 million, citing record backlog, strong bookings, and targeted research-and-development investment (Redwire Q1 2026). Reaching that range depends on converting backlog into delivered revenue across both the Space and Defense Tech segments and on integrating Edge Autonomy, while the company continues to carry sizable losses.
What are the risks for Redwire?
- Large net losses. Redwire lost $76.5 million in Q1 2026 and $226.6 million in 2025; even with much of the recent loss tied to non-cash compensation, the company is far from GAAP profitability.
- Integration and leverage. The $925 million Edge Autonomy deal added scale but also integration risk and balance-sheet obligations.
- Program timing. Revenue depends on the schedules and funding of customer space and defense programs, which can slip.
- Customer concentration. A meaningful share of backlog is tied to government and prime-contractor customers whose budgets can shift with policy.
Related securities, concepts & terms
- U.S. Space Techparent
- Rocket Lab (RKLB)sibling
Related indices & ETFs
- Akros U.S. Space Tech Index · AkrosRedwire is a representative constituent of the U.S. Space Tech concept index.
Frequently asked questions about Redwire
What does Redwire do?
Redwire is a space and defense technology company. It supplies flight-proven spacecraft components, structures, deployable solar arrays, sensors, and in-space manufacturing technology that go inside other companies' satellites and exploration missions. After acquiring Edge Autonomy in June 2025, it also makes uncrewed aerial systems and autonomy technology for defense customers, organized into Space and Defense Tech segments (Redwire Q1 2026 8-K).
Why is Redwire part of the U.S. Space Tech theme?
Redwire is an upstream supplier of the components and structures that enable spacecraft, so it gives the theme broad exposure across many missions rather than to a single rocket or satellite. The Edge Autonomy acquisition added a defense-drone business, extending the theme into multi-domain hardware. Q1 2026 revenue split roughly evenly between Space ($52.7M) and Defense Tech ($44.3M) (Redwire Q1 2026).
What was Redwire's latest revenue and is it profitable?
Redwire reported Q1 2026 revenue of $97.0 million, up 57.9% year over year, but it is not profitable: it posted a GAAP net loss of $76.5 million, driven largely by non-cash equity-based compensation expense. For full-year 2025 it reported a net loss of $226.6 million on revenue of $335.4 million (Redwire Q1 2026).
What is Edge Autonomy and why did Redwire buy it?
Edge Autonomy is a maker of uncrewed aerial systems (military drones) and autonomy technology. Redwire acquired it for about $925 million, closing in June 2025, to move into the fast-growing defense-drone market and create a multi-domain space and defense company. The deal established Redwire's Defense Tech segment, which contributed $44.3 million of revenue in Q1 2026 (SpaceNews).
When does Redwire report next earnings?
Redwire is expected to report Q2 2026 results in early August 2026. That date is calendar-estimated from prior years and not yet confirmed by the company, so check Redwire's investor relations page. It last reported Q1 2026 on May 6, 2026, and reaffirmed full-year 2026 revenue guidance of $450 million to $500 million.
Sources & references
- Redwire Corporation · Q1 2026 results (Form 8-K, Exhibit 99.1) · Redwire Corporation / SEC EDGAR, 2026-05-06
- Redwire Corporation Reports First Quarter 2026 Financial Results, Achieves Record Contract Backlog · Redwire Corporation (Investor Relations), 2026-05-06
- Redwire Corporation · Q1 2026 quarterly report (Form 10-Q filing index) · Redwire Corporation / SEC EDGAR, 2026-05-06
- Redwire expands into defense with $925 million purchase of Edge Autonomy · SpaceNews, 2025-06-13
- Redwire Corporation · investor relations, news and events · Redwire Corporation (Investor Relations), 2026-06-04