Redwire Q1 FY26 net loss widens to USD 76.5 million; revenue rises 57.9% to USD 97 million

Redwire Corp

RDW

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Redwire posted a Q1 net loss of USD 76.5 million, widening by USD 73.6 million year over year, as revenue climbed 57.9% to USD 97 million.
Gross margin improved to 26.6%, while adjusted EBITDA slipped to a loss of USD 9.2 million from a loss of USD 2.27 million a year earlier.
Book-to-bill ratio rose to 1.92, driving contracted backlog up to a record USD 498.1 million, supported by wins including a USD 1.8 billion Andromeda IDIQ and a first order for ELSA.
Total liquidity increased to USD 175.2 million at quarter end; forecast revenue for full-year 2026 was reaffirmed at USD 450 million to USD 500 million.

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