Filing Flows › Redwire (RDW) › Q1 2025
Redwire (RDW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Redwire (RDW) reported revenue of $61.4M for the first quarter 2025 (Q1 2025), -30% from a year earlier and -12% from the quarter before. Operating margin was -23.3%, net loss $2.9M (4.8% of revenue).
Redwire, Q1 2025: revenue $61.4M (-30% year over year), operating margin -23.3%, net loss $2.9M, operating cash flow −$45.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $61.4M | -12% | -30% |
| Operating profit | −$14.3M | — | — |
| Net earnings | −$2.9M | — | — |
| Operating cash flow | −$45.1M | — | — |
What changed
Revenue was $61.4M in Q1 2025, down 30% year over year and down 12% from the previous quarter.
Gross margin was 14.7%, down 2.2 points from a year earlier. Operating costs exceeded revenue by $14.3M, an operating margin of -23.3%. Operating expenses grew 27% against a revenue fall of 30%. The quarter ended with a net loss of $2.9M, narrower than the previous quarter's $67.2M loss. Non-operating items added $11.2M, -357% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$45.1M. Non-cash charges added back $3.0M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items used $48.1M. Capital expenditures of $1.8M exceeded it, leaving free cash flow of −$46.9M.
Questions
What was Redwire's revenue in the first quarter 2025?
Redwire (RDW) reported revenue of $61.4M for the first quarter 2025 (Q1 2025), -30% from a year earlier and -12% from the quarter before.
Was Redwire profitable in the first quarter 2025?
Operating loss was $14.3M (-23.3% of revenue) and net loss $2.9M.
Source: Redwire 10-Q on SEC EDGAR.