REDWIRE $RDW Q3โ26 EARNINGS HIGHLIGHTS
๐น Revenue: $109.0M (Est. $126M) ๐ด; +5.4% YoY
๐น EPS: -$0.09 (Est. -$0.12) ๐ข
๐น Adjusted EBITDA: -$5.3M (Est. -$4.7M) ๐ด
๐น Free Cash Flow: -$66.4M (Est. -$21.7M) ๐ด
Affirms FY26 Guide:
๐น Revenue: $450M-$500M (Est. $473M) ๐ก
Segment Net Revenue:
๐น Space: $61.3M; +32% YoY
๐น Defense Tech: $47.8M; -16% YoY
Announcements:
๐น DARPA Contract: $20M for SabreSat VLEO testing
๐น ISS Launch: four microgravity investigations; fourth and final pair of Roll-Out Solar Arrays
Other Q3 Metrics:
๐น Adjusted Gross Margin: 32.3%; +520 bps YoY
๐น Book-to-Bill: 1.73; +38% YoY
Key Updates:
๐น Backlog: $619.7M; nearly 75% YoY
๐น Contracts Awarded: $188.7M in Q3
Comments:
๐ธ โAlthough 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 as we deliver mission-critical products and solutions across multiple domains.โ
๐ธ โWith $323.1 million of recorded revenue during the first nine months of 2026 supported by a record $619.7 million in Backlog 4 and $46.8 million of work in process and finished goods inventory, we again reaffirm our 2026 revenue forecast.โ