| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 117.07 | 20.7% | 89.6% |
| Total Income | 117.07 | 20.7% | 89.6% |
| Expenditure | 139.16 | 16.5% | 9.4% |
| PBT | -39.11 | 48.4% | 69.8% |
| Net Profit | -40.97 | 46.4% | 57.8% |
| OPM | -18.87% | 53.01pp | |
| NPM | -35.00% | 43.90pp | |
| EPS | -0.19 | 52.5% | 86.5% |
Redwire Reports Q2 2026 Record Revenue and Gross Margins
06 Aug 2026 · 6 Aug, 2:04 am
Summary
Redwire Corporation reported record revenue of $117.1 million for the second quarter of 2026, marking an 89.6% increase year-over-year. The company also achieved a record gross margin of 27.8% and saw its Net Loss improve significantly to $(41.0) million. Adjusted EBITDA also showed a substantial year-over-year improvement, reaching $(3.2) million. Management highlighted successful execution, a record contracted backlog of $542.1 million, and reaffirmed the full-year revenue forecast of $450 million to $500 million.
Key Highlights
- 1
Redwire Corporation achieved record revenue of $117.1 million in the second quarter of 2026, an increase of 89.6% year-over-year.
- 2
Gross margin improved to a record 27.8% in Q2 2026, compared to (30.9)% in the prior year's second quarter.
- 3
The company reported a Net Loss of $(41.0) million for Q2 2026, an improvement of $56.0 million year-over-year.
- 4
Adjusted EBITDA increased by $24.2 million year-over-year to $(3.2) million for the second quarter of 2026.
- 5
The contracted backlog reached a record $542.1 million as of June 30, 2026.
- 6
Redwire reaffirmed its full-year 2026 revenue forecast of $450 million to $500 million.
Management Comments
Peter Cannito
With new record highs for both revenue of $117.1 million and gross margin of 27.8%, Redwire’s second quarter of 2026 was defined by successful execution. With a record Backlog1 of $542.1 million and a strengthened balance sheet to enable strategic investments, Redwire is scaling to meet the strong demand we see for our mission critical space and defense tech offerings.
Chris Edmunds
Consistent with our expectations, during the second quarter of 2026, Redwire expanded gross margins to 27.8%, and achieved sequential and year-over-year improvement in Adjusted EBITDA5 to $(3.2) million, while investing $12.5 million in Research and Development. During the quarter we reduced the aggregate amount of our term loans from $90.0 million to $50.0 million and ended the quarter with record total liquidity4 of $607.8 million. With $214.0 million of recorded revenue during the first half of 2026 and Backlog3 providing significant visibility for the back half of the year, we are again pleased to reaffirm our 2026 revenue forecast.
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