Filing Flows › Redwire (RDW) › Q3 2025
Redwire (RDW) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Redwire (RDW) reported revenue of $103M for the third quarter 2025 (Q3 2025), +51% from a year earlier and +67% from the quarter before. Operating margin was -40.5%, net loss $41.2M (39.8% of revenue).
Redwire, Q3 2025: revenue $103M (+51% year over year), operating margin -40.5%, net loss $41.2M, operating cash flow −$20.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $103M | +67% | +51% |
| Operating profit | −$41.9M | — | — |
| Net earnings | −$41.2M | — | — |
| Operating cash flow | −$20.3M | — | — |
What changed
Revenue was $103.4M in Q3 2025, up 51% year over year and up 67% from the previous quarter.
Gross margin was 16.3%, down 1.3 points from a year earlier. Operating costs exceeded revenue by $41.9M, an operating margin of -40.5%. Operating expenses grew 139% against revenue growth of 51%. The fastest-growing cost line was Research & development (+306%). The quarter ended with a net loss of $41.2M, narrower than the previous quarter's $97.0M loss. Non-operating items added $7.6M, -22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$20.3M. Non-cash charges added back $12.1M of depreciation and amortization and $12.0M of share-based compensation. Working capital and other items used $3.3M. Capital expenditures of $6.5M exceeded it, leaving free cash flow of −$26.9M.
Questions
What was Redwire's revenue in the third quarter 2025?
Redwire (RDW) reported revenue of $103M for the third quarter 2025 (Q3 2025), +51% from a year earlier and +67% from the quarter before.
Was Redwire profitable in the third quarter 2025?
Operating loss was $41.9M (-40.5% of revenue) and net loss $41.2M.
Source: Redwire 10-Q on SEC EDGAR.