Redwire(NYSE) RDW

Redwire builds parts and tools for spacecraft and defense systems. Its technology helps governments and companies launch and run satellites. The company also makes drones and software to design space missions digitally.

What Does Redwire Build?

• Space Infrastructure: Solar panels, antennas, and navigation tools like star trackers; accounts for 54% of revenue.
• Defense Technology: Uncrewed aircraft systems and surveillance tools for military use; accounts for 46% of revenue.
• On-orbit Manufacturing: Solutions for building and repairing equipment while it is already in space.
• Digital Engineering: Software for creating 3D models and simulations of spacecraft before they are built.

A Major Move Into Defense

• Completed the acquisition of Edge Autonomy on June 13, 2025, adding drone technology to the company portfolio.
• Refinanced its debt in February 2026 by entering a new $90 million credit agreement with JPMorgan Chase.
• Expanded its global reach with operations in the United States, Luxembourg, Germany, and Poland.
• Terminated a previous credit agreement with Adams Street Capital in February 2026 to simplify its debt structure.

Navigating the Stars and the Clouds

Redwire builds essential components like star trackers and sun sensors that allow satellites to find their way. The company's digital engineering tools use artificial intelligence to test how parts will work in the harsh environment of space.

The Financial Scorecard

• Revenue grew to $97 million in Q1 2026, up 58% from $61 million in Q1 2025.
• Gross profit reached $26 million in Q1 2026, a 186% increase over the previous year.
• Operating losses deepened to $69 million in Q1 2026, compared to a $14 million loss in Q1 2025.
• Cash and cash equivalents rose to $145 million as of March 31, 2026, from $95 million at the end of 2025.
• The Defense Tech segment generated $44 million in revenue during Q1 2026, largely driven by the Edge Autonomy acquisition.

The Company's Trajectory

Redwire has transitioned from a component supplier to a provider of full space and defense systems. Its integration of drone technology and digital software creates a more diverse platform for government and commercial customers.