Filing Flows › Redwire (RDW) › Q4 2025
Redwire (RDW) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
Redwire (RDW) reported revenue of $109M for the fourth quarter 2025 (Q4 2025), +56% from a year earlier and +5% from the quarter before. Operating margin was -75.0%, net loss $85.5M (78.6% of revenue).
Redwire, Q4 2025: revenue $109M (+56% year over year), operating margin -75.0%, net loss $85.5M, operating cash flow −$24.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $109M | +5% | +56% |
| Operating profit | −$81.6M | — | — |
| Net earnings | −$85.5M | — | — |
| Operating cash flow | −$24.3M | — | — |
What changed
Revenue was $108.8M in Q4 2025, up 56% year over year and up 5% from the previous quarter.
Gross margin was 9.6%, up 3.0 points from a year earlier. Operating costs exceeded revenue by $81.6M, an operating margin of -75.0%. Operating expenses grew 290% against revenue growth of 56%. The fastest-growing cost line was Other operating costs (+833%). The quarter ended with a net loss of $85.5M, wider than the previous quarter's $41.2M loss.
Operating cash flow was −$24.3M. Non-cash charges added back $12.4M of depreciation and amortization and $11.4M of share-based compensation. Working capital and other items added $37.4M. Capital expenditures of $2.2M exceeded it, leaving free cash flow of −$26.5M.
Questions
What was Redwire's revenue in the fourth quarter 2025?
Redwire (RDW) reported revenue of $109M for the fourth quarter 2025 (Q4 2025), +56% from a year earlier and +5% from the quarter before.
Was Redwire profitable in the fourth quarter 2025?
Operating loss was $81.6M (-75.0% of revenue) and net loss $85.5M.
Source: Redwire 10-K on SEC EDGAR.