Redwire Corporation (NYSE:RDW) shares are trading lower Thursday after the company reported mixed third-quarter financial results Wednesday after the market closed.
- Redwire stock is feeling bearish pressure. What’s behind RDW decline?
Redwire Beats on Earnings Despite Revenue Miss; Gross Margin Hits Record 32.3%
Redwire reported a third-quarter adjusted loss of 6 cents per share, narrower than the consensus estimate of a loss of 12 cents. It reported revenue of $109.035 million, missing the consensus estimate of $125.482 million. Gross margin rose to a record 32.3% from 16.3% a year earlier. Redwire ended the quarter with a record backlog of $619.7 million, up nearly 75% from a year earlier, and a book-to-bill ratio of 1.73, with $188.7 million in contracts awarded. Total liquidity was $538.9 million, up from the end of 2025.
“Although revenue timing continues to be uneven, with another quarter of record gross margins expanding from 16.3% to 32.3% year-over-year, the quality of our revenue is improving,” said Peter Cannito, Redwire’s chairman, CEO and president.
Redwire Wins $20M DARPA Contract, Follow-On Orders
Redwire was awarded a $20 million contract from the Defense Advanced Research Projects Agency to complete additional testing on a scaled version of its SabreSat spacecraft for a precursor flight test in very low-Earth orbit. It also received a follow-on contract from Axiom Space to deliver two Roll-Out Solar Array wings for Axiom’s second space station module, and follow-on orders for its Stalker platform from customers including the U.S. National Guard.
After the quarter ended, Redwire launched technologies to the International Space Station, including four microgravity investigations and the final pair of Roll-Out Solar Arrays, completing a power modernization effort there.
Redwire Reaffirms 2026 Revenue Guidance of $450M-$500M
Redwire reaffirmed its 2026 revenue forecast of $450 million to $500 million. Through the first nine months of the year, it has recorded revenue of $323.1 million, which implies fourth-quarter revenue of roughly $127 million to $177 million to reach its range. “With $323.1 million of recorded revenue during the first nine months of 2026 supported by a record $619.7 million in backlog, we again reaffirm our 2026 revenue forecast,” said Chris Edmunds, Redwire’s CFO.
Redwire Shares Crash
RDW Price Action: At the time of publication, Redwire shares are trading 2.07% lower at $7.56, according to data from Benzinga Pro.
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