| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 96.97 | 57.9% |
| Total Income | 96.97 | 57.9% |
| Expenditure | 166.67 | 120.1% |
| PBT | -75.86 | 2323.6% |
| Net Profit | -76.50 | 2493.2% |
| OPM | -71.88% | 48.56pp |
| NPM | -78.89% | 74.09pp |
| EPS | -0.40 | 344.4% |
Redwire Reports Q1 2026: Revenue Up 57.9% to $97.0 Million
07 May 2026 · 7 May, 2:08 am
Summary
Redwire Corporation reported a 57.9% increase in revenues to $97.0 million for the first quarter of 2026. The company achieved a record contract backlog of $498.1 million and a Book-to-Bill ratio of 1.92. Gross margins improved to 26.6%. Redwire reaffirms its full year 2026 revenue forecast of $450 million to $500 million.
Key Highlights
- 1
Redwire's revenues increased by 57.9% year-over-year to $97.0 million for the first quarter of 2026.
- 2
The company achieved a record contract backlog of $498.1 million.
- 3
Gross margins improved sequentially and year-over-year to 26.6% for the first quarter of 2026.
- 4
The Book-to-Bill ratio increased to 1.92 in the first quarter of 2026.
- 5
Redwire ended the first quarter of 2026 with total liquidity of $175.2 million, a 21.0% increase over the end of 2025.
- 6
Net Loss increased by $73.6 million year-over-year to $(76.5) million for the first quarter of 2026, including $44.0 million in non-recurring activity.
- 7
Redwire affirms its forecast for full year 2026 revenues of $450 million to $500 million.
Management Comments
Peter Cannito
“We continue to see very strong demand for our differentiated products with a Book-to-Bill1 ratio of 1.92 resulting in record Backlog1 of $498.1 million,” said Peter Cannito, Chairman, Chief Executive Officer, and President of Redwire. “Critical wins like the $1.8 billion Andromeda IDIQ for advanced spacecraft, our first order for ELSA, and follow-on orders with key customers like the Marine Corps for Stalker, to name a few, underscore our belief that Redwire is strategically positioned with many pathways to success across our mission-critical offerings.”
Chris Edmunds
“During the first quarter of 2026, Redwire’s focus on operational performance and portfolio management drove meaningful year-over-year and sequential improvement in gross margins to 26.6%, which contributed to improved cash from operations,” said Chris Edmunds, Chief Financial Officer of Redwire. “In addition, we ended the quarter with record total liquidity4 of $175.2 million. With further line of sight into the rest of the year, we are pleased to reaffirm our 2026 revenue forecast.”
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