Redwire Corporation (RDW)

From the record

Redwire Corporation's filings since 2020 show 7 warning events of 4 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2021-12-03); a warning not to rely on past financial statements (8-K item 4.02, the latest 2021-05-03); an auditor change (8-K item 4.01, 2 times, the latest 2023-06-20); a late-report notice (Form NT 10-K or NT 10-Q, 3 times, the latest 2022-03-31) (its current reports).

From the record

Redwire Corporation's 5 filed years say what it did: revenue went from $138 million in fiscal 2021 to $335 million in fiscal 2025, up 24.9% a year; it rose in 4 of 4 years; it never fell from a peak; net income was positive in 0 of 5 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Redwire Corporation lost about 21 cents for every dollar of shareholders' money, and gross profitability: its products earned about 1 cents per dollar of everything the company owns. Leverage: it owed about 27 cents per dollar of assets, and net share issuance: its share count grew 80.7% over the year (the filed statements).

From the record

Redwire Corporation's standing among 7 graded names in its industry family: revenue of $335 million in fiscal 2025 ranks in the top 50% by size; a net margin of -67.6% ranks in the bottom 36%; revenue growth of 27.8% a year over the last 3 filed years ranks in the top 50% (its annual reports).

From the record

Redwire Corporation's leadership, from its insiders' filings and its current reports: the chief executive on the record is Cannito, Peter Anthony Jr (Chairman and CEO, as filed), filing under that title since 2021-09-02, 5.2 years (bottom 30% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 2.4 years (bottom 10%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 19%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Redwire Corporation's room to grow, from the newest filed statements (fiscal 2025): cash of $95 million against debt of $85 million leaves 0.7% of its assets as net cash, bottom 21% of its family; cash from operations less capital spending is -56.9% of revenue (top 50%); a gross margin of 5.2% (bottom 7%); research spending of 5.9% of revenue (bottom 36%) (its annual report).

From the record

Redwire Corporation's growth drivers, from the filed years to fiscal 2025: revenue grew 27.8% a year over the last three filed years against 24.9% over all 5, speeding up (top 36% of its family); the newest year grew 10.3% (bottom 36%); research spending grew 58.7% a year (top 21%); capital spending grew 54.9% a year (top 21%) (its annual reports). Redwire Corporation reported 2 lines of business in fiscal 2025: Space at $210 million (63%), Defense Tech at $126 million (37%); 1 of 2 grew against the year before (its annual report).

From the record

Redwire Corporation's newest year against its own record: revenue of $335 million in fiscal 2025 came in 19.8% below the $418 million its prior three years' pace pointed to (bottom 30% of its family); net income of $227 million against a prior three-year average of $91 million (bottom 10%); a net margin of -67.6% against -43.4% before (bottom 10%) (its annual reports).