Quarterly ResultMay 7, 2026, 04:19 PM
Redwire Q1 Revenue Up 58% to $97.0M; Net Loss Widens to $76.5M
AI Summary
Redwire Corporation reported its first-quarter 2026 financial results, showing a substantial increase in revenue but also a significant widening of its net loss. Revenue grew by nearly 58% year-over-year to $96.97 million. However, the company's net loss available to common shareholders expanded to $78.01 million, or $0.40 per share, compared to a net loss of $6.48 million, or $0.09 per share, in the prior year. The company also reported an increase in cash and cash equivalents and a reduction in cash used in operating activities.
Key Highlights
- Revenue increased 58% to $96.97 million for Q1 2026, up from $61.40 million in Q1 2025.
- Net loss widened to $76.50 million in Q1 2026, compared to a net loss of $2.95 million in Q1 2025.
- Basic and diluted net loss per common share was $0.40, up from $0.09 in the prior year.
- Cash, cash equivalents, and restricted cash rose to $145.21 million as of March 31, 2026.
- Net cash used in operating activities improved to $6.67 million from $45.08 million year-over-year.
- Total current assets increased to $320.71 million from $252.81 million at year-end 2025.
- Goodwill increased by $1.7 million due to measurement period adjustments for the Edge Autonomy acquisition.
Price Impact
More from RDW