What were the key takeaways from Redwire's earnings call?

What is Redwire's latest dividend and current dividend yield?

Did Redwire beat or miss consensus estimates last quarter?

What is the market's earnings forecast for Redwire next quarter?

What factors drove the changes in Redwire's revenue and profit?

What were the key takeaways from Redwire’s earnings call?

What is the revenue and EPS growth rate for Redwire year over year?

What guidance did Redwire's management provide for the next earnings period?

- **Revenue Surge**: Q3 2025 revenue up 50.7% YoY to $103.4 million, driven by Edge Autonomy integration.
- **Gross Margin Recovery**: Adjusted gross margin of 27.1%, targeting 30%+ in 2026 with scalable products like ROSA.
- **Backlog Growth**: $355.6 million backlog, 1.25x book-to-bill ratio, with $128.7 million from international markets.
- **Government Impact**: U.S. shutdown delays Q4 awards, but 2026 outlook strong with $10 billion pipeline.
- **Cost Efficiency**: $10 million sequential cash flow improvement; $10 million annual cost savings through lean operations.

**【CEO Summary Section】**
- **Revenue Growth**: Q3 2025 revenue reached $103.4 million, up 50.7% YoY, driven by Edge Autonomy's contribution of $49.5 million.
- **Gross Margin Improvement**: Adjusted gross margin rose to 27.1%, excluding a one-time $11.2 million purchase accounting adjustment.
- **Backlog Expansion**: Book-to-bill ratio of 1.25x resulted in a total backlog of $355.6 million, including $128.7 million from international operations.
- **Strategic Wins**: Awarded contract for rollout solar arrays (ROSA) for Axiom's Commercial Space Station and signed MoU with Honeywell for quantum key distribution satellites.
- **Government Shutdown Impact**: Delays in U.S. Army LRR program awards pushed into 2026, but demand remains strong.

**【CFO Financial Commentary】**
- **Profitability**: Sequential improvement in adjusted EBITDA from -$27.4 million to -$2.6 million, driven by 67.5% revenue growth.
- **Liquidity**: Total liquidity of $89.3 million (including $35 million undrawn revolver), up 46.2% YoY.
- **Guidance Update**: Revised 2025 revenue range of $320-$340 million due to delayed awards, but expects 2026 to benefit from pushed-out contracts.
- **Capital Allocation**: Announced $250 million ATM equity offering to support growth initiatives.

**【Q&A Highlights】**
- **Gross Margin Targets**: Aiming for 30%+ gross margin in 2026, with repeat orders for ROSA and other scalable products.
- **Cost Efficiency**: $10 million annual cost savings through lean operations and production efficiencies.
- **2026 Outlook**: Strong pipeline with $10 billion in identified opportunities, including $3 billion in submitted proposals.
- **Government Shutdown Impact**: Temporary delay in Q4 awards, but no loss of demand; expects 2026 to see significant growth.
- **Strategic Areas**: Focus on VLEO spacecraft (e.g., Skimsat mission), combat-proven UAS (Stalker, Penguin), and microgravity pharmaceutical development (42 PIL-BOXes flown).

Redwire Corporation (RDW) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

RDW

RDW fundamentals

You can ask Aime