Redwire (RDW) Financials

$11.47 -0.71 (-5.80%)

Closing price 05/5/2025 03:59 PM Eastern

Extended Trading

$11.22 -0.26 (-2.26%)

As of 05:26 AM Eastern

Annual Income Statements for Redwire

This table shows Redwire's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-131	-27	-114
Consolidated Net Income / (Loss)	-131	-27	-114
Net Income / (Loss) Continuing Operations	-131	-27	-114
Total Pre-Tax Income	-139	-28	-116
Total Operating Income	-146	-16	-42
Total Gross Profit	29	58	44
Total Revenue	161	244	304
Operating Revenue	161	244	304
Total Cost of Revenue	132	186	260
Operating Cost of Revenue	132	186	260
Total Operating Expenses	175	74	87
Selling, General & Admin Expense	70	69	71
Research & Development Expense	4.94	4.98	6.13
Other Operating Expenses / (Income)	3.24	0.01	9.13
Total Other Income / (Expense), net	7.86	-12	-74
Interest & Investment Income	-8.22	-11	-13
Other Income / (Expense), net	16	-1.50	-61
Income Tax Expense	-7.97	-0.49	-2.02
Preferred Stock Dividends Declared	1.76	20	41
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.00	-0.00	0.00
Basic Earnings per Share	($2.09)	($0.73)	($2.35)
Weighted Average Basic Shares Outstanding	63.32M	64.65M	66.15M
Diluted Earnings per Share	($2.09)	($0.73)	($2.35)
Weighted Average Diluted Shares Outstanding	63.32M	64.65M	66.15M
Weighted Average Basic & Diluted Shares Outstanding	64.28M	65.58M	75.57M

This table shows Redwire's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-10	-26	-7.26	-5.46	-6.25	-8.29	-8.10	-18	-21	-67
Consolidated Net Income / (Loss)	-10	-26	-7.26	-5.47	-6.33	-8.22	-8.10	-18	-21	-67
Net Income / (Loss) Continuing Operations	-10	-26	-7.26	-5.47	-6.33	-8.22	-8.10	-18	-21	-67
Total Pre-Tax Income	-13	-27	-7.29	-5.55	-6.58	-8.33	-7.99	-18	-21	-69
Total Operating Income	-10	-26	-2.22	-3.86	-2.72	-6.76	-3.58	-7.13	-13	-19
Total Gross Profit	7.95	8.59	14	16	17	11	15	13	12	4.62
Total Revenue	37	54	58	60	63	63	88	78	69	70
Operating Revenue	37	54	58	60	63	63	88	78	69	70
Total Cost of Revenue	29	45	43	44	45	53	73	65	57	65
Operating Cost of Revenue	29	45	43	44	45	53	73	65	57	65
Total Operating Expenses	18	34	16	20	20	17	18	20	25	24
Selling, General & Admin Expense	15	17	16	18	18	16	17	18	18	18
Research & Development Expense	1.13	0.38	0.39	2.07	1.53	0.99	1.04	1.75	1.89	1.45
Other Operating Expenses / (Income)	1.82	1.32	0.01	0.00	0.00	-	0.00	0.28	5.12	3.73
Total Other Income / (Expense), net	-2.24	-1.11	-5.07	-1.69	-3.86	-1.58	-4.41	-11	-8.92	-50
Interest & Investment Income	-2.40	-2.70	-2.64	-2.66	-2.63	-2.76	-2.92	-3.01	-3.61	-3.95
Other Income / (Expense), net	0.16	1.58	-2.43	0.97	-1.23	1.19	-1.49	-7.93	-5.31	-46
Income Tax Expense	-2.14	-1.02	-0.03	-0.09	-0.25	-0.12	0.11	0.02	-0.47	-1.67
Preferred Stock Dividends Declared	0.00	-	4.37	4.80	2.87	7.98	3.04	9.70	3.38	25
Basic Earnings per Share	($0.16)	($0.43)	($0.18)	($0.16)	($0.14)	($0.25)	($0.17)	($0.42)	($0.37)	($1.39)
Weighted Average Basic Shares Outstanding	63.46M	63.32M	64.28M	64.35M	64.80M	64.65M	65.57M	65.70M	66.53M	66.15M
Diluted Earnings per Share	($0.16)	($0.43)	($0.18)	($0.16)	($0.14)	($0.25)	($0.17)	($0.42)	($0.37)	($1.39)
Weighted Average Diluted Shares Outstanding	63.46M	63.32M	64.28M	64.35M	64.80M	64.65M	65.57M	65.70M	66.53M	66.15M
Weighted Average Basic & Diluted Shares Outstanding	63.85M	64.28M	64.28M	64.77M	64.80M	65.58M	65.58M	66.54M	66.54M	75.57M

This table details how cash moves in and out of Redwire's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	7.79	1.96	19
Net Cash From Operating Activities	-32	1.23	-17
Net Cash From Continuing Operating Activities	-32	1.23	-17
Net Income / (Loss) Continuing Operations	-131	-27	-114
Consolidated Net Income / (Loss)	-131	-27	-114
Depreciation Expense	11	11	12
Amortization Expense	0.49	0.61	0.86
Non-Cash Adjustments To Reconcile Net Income	92	5.85	57
Changes in Operating Assets and Liabilities, net	-4.99	11	27
Net Cash From Investing Activities	-37	-8.33	-7.20
Net Cash From Continuing Investing Activities	-37	-8.33	-7.20
Purchase of Property, Plant & Equipment	-3.63	-5.62	-6.40
Acquisitions	-34	-2.71	-5.40
Divestitures	-	0.00	4.60
Net Cash From Financing Activities	77	9.06	44
Net Cash From Continuing Financing Activities	77	9.06	44
Repayment of Debt	-25	-27	-10
Repurchase of Common Equity	-4.83	-0.05	0.00
Issuance of Debt	23	37	46
Issuance of Common Equity	2.96	1.24	2.67
Other Financing Activities, net	-0.54	-1.58	5.20
Effect of Exchange Rate Changes	0.27	-0.00	-0.38

This table details how cash moves in and out of Redwire's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-3.85	21	-17	-0.04	-0.37	19	2.29	-1.74	12	5.98
Net Cash From Operating Activities	-11	-4.83	-14	2.84	-3.26	16	2.76	-9.51	-18	7.06
Net Cash From Continuing Operating Activities	-11	-4.60	-14	2.84	-3.26	16	2.76	-9.51	-18	7.06
Net Income / (Loss) Continuing Operations	-10	-26	-7.26	-5.47	-6.33	-8.22	-8.10	-18	-21	-67
Consolidated Net Income / (Loss)	-10	-26	-7.26	-5.47	-6.33	-8.22	-8.10	-18	-21	-67
Depreciation Expense	1.78	2.45	2.47	2.62	2.89	2.75	2.75	2.93	2.86	3.15
Amortization Expense	0.14	0.15	0.15	0.03	0.28	0.16	0.17	0.18	0.24	0.27
Non-Cash Adjustments To Reconcile Net Income	0.51	23	-4.28	-1.30	6.48	4.96	1.04	6.43	-1.42	51
Changes in Operating Assets and Liabilities, net	-3.44	-4.31	-5.12	6.97	-6.57	16	6.90	-0.95	1.61	20
Net Cash From Investing Activities	-1.36	-34	-0.80	-1.75	-2.67	-3.11	-2.37	2.91	-3.59	-4.15
Net Cash From Continuing Investing Activities	-1.36	-34	-0.80	-1.75	-2.67	-3.11	-2.37	2.91	-3.59	-4.15
Purchase of Property, Plant & Equipment	-0.90	-0.83	-0.79	-1.44	-1.30	-2.10	-1.56	-0.91	-1.59	-2.34
Acquisitions	-0.46	-33	-0.01	-0.31	-1.37	-1.02	-0.81	-0.77	-2.01	-1.81
Net Cash From Financing Activities	8.78	60	-2.24	-1.20	5.73	6.77	2.03	4.90	33	3.44
Net Cash From Continuing Financing Activities	8.78	60	-2.24	-1.20	5.73	6.77	2.03	4.90	33	3.44
Repayment of Debt	-2.57	-19	-1.17	-13	-6.30	-7.07	-2.91	-5.63	-0.78	-0.80
Issuance of Debt	9.70	3.00	0.00	12	12	13	5.00	10	28	3.00
Issuance of Common Equity	1.73	-	-	-	0.08	1.16	-	-	0.02	2.12
Other Financing Activities, net	-0.08	-0.38	-1.01	-	-0.25	-0.32	-0.06	-	6.14	-0.89
Effect of Exchange Rate Changes	-0.02	0.36	0.04	0.06	-0.18	0.08	-0.14	-0.04	0.18	-0.37

This table presents Redwire's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	258	271	293
Total Current Assets	96	109	126
Cash & Equivalents	28	30	49
Accounts Receivable	27	32	22
Inventories, net	1.47	1.52	2.24
Prepaid Expenses	7.93	7.51	9.00
Current Deferred & Refundable Income Taxes	0.69	0.64	0.67
Other Current Assets	31	37	43
Plant, Property, & Equipment, net	13	16	18
Total Noncurrent Assets	149	146	149
Long-Term Investments	3.27	3.61	0.00
Goodwill	65	66	71
Intangible Assets	67	63	62
Noncurrent Deferred & Refundable Income Taxes	-	0.00	0.07
Other Noncurrent Operating Assets	14	14	16
Total Liabilities & Shareholders' Equity	258	271	293
Total Liabilities	188	218	345
Total Current Liabilities	95	112	149
Short-Term Debt	3.58	1.38	1.27
Accounts Payable	18	19	32
Accrued Expenses	37	33	24
Current Deferred Revenue	30	53	67
Other Current Liabilities	7.18	6.54	25
Total Noncurrent Liabilities	93	106	195
Long-Term Debt	75	87	124
Noncurrent Deferred & Payable Income Tax Liabilities	3.26	2.40	0.58
Other Noncurrent Operating Liabilities	15	17	70
Commitments & Contingencies	0.00	0.00	0.00
Redeemable Noncontrolling Interest	76	96	137
Total Equity & Noncontrolling Interests	-6.48	-43	-189
Total Preferred & Common Equity	-6.70	-44	-189
Preferred Stock	0.00	0.00	0.00
Total Common Equity	-6.70	-44	-189
Common Stock	198	188	162
Retained Earnings	-207	-234	-348
Treasury Stock	-0.38	-0.95	-3.57
Accumulated Other Comprehensive Income / (Loss)	2.08	2.90	1.34
Noncontrolling Interest	0.23	0.23	0.00

This table presents Redwire's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	184	245	251	244	260	260	290
Total Current Assets	49	85	89	84	100	105	127
Cash & Equivalents	7.03	11	11	11	33	31	43
Accounts Receivable	17	23	25	25	19	22	23
Inventories, net	2.03	1.45	1.28	1.69	1.61	1.83	2.06
Prepaid Expenses	6.77	7.12	7.18	6.77	6.56	7.03	12
Current Deferred & Refundable Income Taxes	0.69	0.69	0.69	0.69	0.64	0.64	0.64
Other Current Assets	16	41	43	40	40	43	46
Plant, Property, & Equipment, net	6.70	13	14	15	16	16	17
Total Noncurrent Assets	128	147	148	145	144	139	146
Long-Term Investments	-	3.26	3.50	3.24	3.59	0.00	0.00
Goodwill	57	65	65	64	65	65	73
Intangible Assets	56	65	64	63	62	62	63
Other Noncurrent Operating Assets	15	14	15	15	13	12	11
Total Liabilities & Shareholders' Equity	184	245	251	244	260	260	290
Total Liabilities	170	180	190	188	213	230	278
Total Current Liabilities	64	84	93	87	103	107	131
Short-Term Debt	4.48	1.68	0.78	1.98	0.78	0.78	1.76
Accounts Payable	18	14	17	14	28	28	20
Accrued Expenses	19	36	34	38	31	29	28
Current Deferred Revenue	17	25	34	27	37	44	57
Other Current Liabilities	5.27	7.21	7.34	6.35	6.67	6.03	25
Total Noncurrent Liabilities	106	96	97	100	110	123	147
Long-Term Debt	90	75	75	80	90	95	122
Noncurrent Deferred & Payable Income Tax Liabilities	1.64	3.17	2.99	2.20	2.44	2.44	2.38
Other Noncurrent Operating Liabilities	15	18	19	18	17	25	23
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	76	85	85	96	109	109
Total Equity & Noncontrolling Interests	15	-11	-24	-29	-50	-78	-96
Total Preferred & Common Equity	15	-12	-24	-29	-50	-78	-96
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	15	-12	-24	-29	-50	-78	-96
Common Stock	196	200	193	196	191	181	184
Retained Earnings	-181	-214	-219	-226	-242	-260	-281
Treasury Stock	-	-0.38	-0.38	-0.63	-1.01	-1.01	-2.69
Accumulated Other Comprehensive Income / (Loss)	-0.56	2.49	2.63	1.78	2.24	2.00	2.87
Noncontrolling Interest	-	0.23	0.23	0.15	0.22	0.00	0.00

This table displays calculated financial ratios and metrics derived from Redwire's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	16.68%	51.85%	24.73%
EBITDA Growth	-113.83%	95.18%	-1,478.93%
EBIT Growth	-96.49%	86.92%	-503.18%
NOPAT Growth	-108.65%	89.38%	-171.42%
Net Income Growth	-112.26%	79.13%	-319.27%
EPS Growth	-53.68%	65.07%	-221.92%
Operating Cash Flow Growth	15.26%	103.89%	-1,509.26%
Free Cash Flow Firm Growth	0.00%	97.38%	3,850.28%
Invested Capital Growth	-29.42%	-8.12%	-76.90%
Revenue Q/Q Growth	8.54%	4.18%	2.04%
EBITDA Q/Q Growth	-8.49%	76.82%	-186.76%
EBIT Q/Q Growth	-7.17%	52.22%	-136.30%
NOPAT Q/Q Growth	-6.89%	55.03%	-40.78%
Net Income Q/Q Growth	-10.27%	39.31%	-106.49%
EPS Q/Q Growth	-14.21%	19.78%	-94.21%
Operating Cash Flow Q/Q Growth	-6.01%	106.38%	-98.92%
Free Cash Flow Firm Q/Q Growth	0.00%	97.00%	379.15%
Invested Capital Q/Q Growth	14.61%	-13.94%	-73.24%
Profitability Metrics	-	-	-
Gross Margin	17.87%	23.78%	14.62%
EBITDA Margin	-73.87%	-2.35%	-29.69%
Operating Margin	-91.22%	-6.38%	-13.88%
EBIT Margin	-81.20%	-6.99%	-33.82%
Profit (Net Income) Margin	-81.36%	-11.18%	-37.59%
Tax Burden Percent	94.25%	98.25%	98.26%
Interest Burden Percent	106.30%	162.75%	113.11%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-72.74%	-9.73%	-44.79%
ROIC Less NNEP Spread (ROIC-NNEP)	-126.39%	-42.14%	-174.22%
Return on Net Nonoperating Assets (RNNOA)	-74.76%	-34.71%	-24,913.94%
Return on Equity (ROE)	-147.50%	-44.43%	-24,958.73%
Cash Return on Invested Capital (CROIC)	-38.24%	-1.26%	80.16%
Operating Return on Assets (OROA)	-50.20%	-6.45%	-36.48%
Return on Assets (ROA)	-50.29%	-10.31%	-40.54%
Return on Common Equity (ROCE)	-83.71%	18.18%	6,327,502.18%
Return on Equity Simple (ROE_SIMPLE)	1,949.26%	62.66%	60.57%
Net Operating Profit after Tax (NOPAT)	-103	-11	-30
NOPAT Margin	-63.85%	-4.46%	-9.71%
Net Nonoperating Expense Percent (NNEP)	53.66%	32.41%	129.43%
Return On Investment Capital (ROIC_SIMPLE)	-	-24.22%	46.90%
Cost of Revenue to Revenue	82.13%	76.22%	85.38%
SG&A Expenses to Revenue	43.81%	28.11%	23.48%
R&D to Revenue	3.08%	2.04%	2.02%
Operating Expenses to Revenue	109.09%	30.15%	28.50%
Earnings before Interest and Taxes (EBIT)	-130	-17	-103
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-119	-5.72	-90
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.79	0.76	3.60
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.14	3.13	52.88
Enterprise Value to Revenue (EV/Rev)	1.56	1.38	4.30
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	272.41	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	24.76
Leverage & Solvency	-	-	-
Debt to Equity	1.12	1.67	-2.42
Long-Term Debt to Equity	1.07	1.64	-2.40
Financial Leverage	0.59	0.82	143.00
Leverage Ratio	2.93	4.31	615.60
Compound Leverage Factor	3.12	7.02	696.30
Debt to Total Capital	52.84%	62.55%	170.32%
Short-Term Debt to Total Capital	2.41%	0.98%	1.72%
Long-Term Debt to Total Capital	50.43%	61.57%	168.60%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	51.68%	68.30%	185.32%
Common Equity to Total Capital	-4.52%	-30.85%	-255.64%
Debt to EBITDA	-0.66	-15.43	-1.39
Net Debt to EBITDA	-0.39	-9.50	-0.85
Long-Term Debt to EBITDA	-0.63	-15.18	-1.38
Debt to NOPAT	-0.76	-8.11	-4.26
Net Debt to NOPAT	-0.46	-4.99	-2.60
Long-Term Debt to NOPAT	-0.73	-7.98	-4.21
Altman Z-Score	-1.76	-0.02	0.03
Noncontrolling Interest Sharing Ratio	43.24%	140.92%	25,451.86%
Liquidity Ratios	-	-	-
Current Ratio	1.02	0.98	0.84
Quick Ratio	0.58	0.56	0.48
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-54	-1.41	53
Operating Cash Flow to CapEx	-873.06%	21.90%	-271.10%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.62	0.92	1.08
Accounts Receivable Turnover	7.47	8.25	11.20
Inventory Turnover	122.26	124.51	138.29
Fixed Asset Turnover	9.99	17.01	18.02
Accounts Payable Turnover	8.59	10.28	10.24
Days Sales Outstanding (DSO)	48.87	44.27	32.60
Days Inventory Outstanding (DIO)	2.99	2.93	2.64
Days Payable Outstanding (DPO)	42.51	35.51	35.64
Cash Conversion Cycle (CCC)	9.34	11.69	-0.40
Capital & Investment Metrics	-	-	-
Invested Capital	117	107	25
Invested Capital Turnover	1.14	2.18	4.61
Increase / (Decrease) in Invested Capital	-49	-9.47	-82
Enterprise Value (EV)	250	335	1,309
Market Capitalization	126	185	1,095
Book Value per Share	($0.10)	($0.67)	($2.84)
Tangible Book Value per Share	($2.16)	($2.66)	($4.83)
Total Capital	148	141	74
Total Debt	78	88	126
Total Long-Term Debt	75	87	124
Net Debt	47	54	77
Capital Expenditures (CapEx)	3.63	5.62	6.40
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-23	-32	-71
Debt-free Net Working Capital (DFNWC)	5.01	-1.35	-22
Net Working Capital (NWC)	1.43	-2.72	-23
Net Nonoperating Expense (NNE)	28	16	85
Net Nonoperating Obligations (NNO)	47	54	77
Total Depreciation and Amortization (D&A)	12	11	13
Debt-free, Cash-free Net Working Capital to Revenue	-14.52%	-12.97%	-23.42%
Debt-free Net Working Capital to Revenue	3.12%	-0.55%	-7.28%
Net Working Capital to Revenue	0.89%	-1.12%	-7.70%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($2.09)	($0.73)	($2.35)
Adjusted Weighted Average Basic Shares Outstanding	64.28M	64.65M	66.15M
Adjusted Diluted Earnings per Share	($2.09)	($0.73)	($2.35)
Adjusted Weighted Average Diluted Shares Outstanding	64.28M	64.65M	66.15M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	64.28M	65.58M	75.57M
Normalized Net Operating Profit after Tax (NOPAT)	-35	-11	-30
Normalized NOPAT Margin	-21.72%	-4.46%	-9.71%
Pre Tax Income Margin	-86.32%	-11.38%	-38.25%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-3.70%	-0.19%	0.00%

This table displays calculated financial ratios and metrics derived from Redwire's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.98%	30.75%	75.27%	63.63%	68.09%	18.21%	52.40%	29.97%	9.62%	9.57%
EBITDA Growth	67.53%	-75.34%	86.44%	99.67%	90.45%	87.70%	-5.56%	-4,862.24%	-1,771.16%	-2,212.57%
EBIT Growth	63.85%	-56.31%	75.20%	96.27%	61.12%	76.98%	-9.13%	-421.93%	-351.28%	-1,064.87%
NOPAT Growth	66.78%	-57.79%	87.36%	95.84%	73.66%	73.79%	-61.27%	-84.91%	-360.51%	-180.91%
Net Income Growth	57.02%	-88.74%	58.03%	92.91%	39.32%	68.25%	-11.55%	-230.96%	-231.37%	-717.54%
EPS Growth	70.91%	-152.94%	35.71%	86.89%	12.50%	41.86%	5.56%	-162.50%	-164.29%	-456.00%
Operating Cash Flow Growth	21.04%	-59.18%	-22.73%	168.73%	71.04%	425.00%	119.68%	-434.25%	-442.69%	-54.98%
Free Cash Flow Firm Growth	114.28%	0.00%	168.90%	32.03%	-213.23%	-84.48%	-35.47%	178.83%	194.33%	1,356.91%
Invested Capital Growth	-22.17%	-29.42%	-23.19%	26.98%	22.36%	-8.12%	-20.66%	-22.55%	-25.71%	-76.90%
Revenue Q/Q Growth	1.42%	44.18%	7.26%	4.33%	4.18%	1.39%	38.29%	-11.03%	-12.13%	1.34%
EBITDA Q/Q Growth	88.82%	-162.11%	90.59%	88.15%	-226.56%	-237.74%	19.26%	-457.27%	-23.14%	-317.41%
EBIT Q/Q Growth	86.86%	-138.29%	80.81%	37.87%	-36.83%	-41.07%	9.01%	-197.16%	-18.31%	-264.15%
NOPAT Q/Q Growth	88.88%	-149.98%	91.40%	-73.85%	29.54%	-148.69%	47.06%	-99.33%	-75.48%	-51.70%
Net Income Q/Q Growth	86.47%	-148.26%	71.95%	24.70%	-15.74%	-29.90%	1.46%	-123.41%	-15.88%	-220.48%
EPS Q/Q Growth	86.89%	-168.75%	58.14%	11.11%	12.50%	-78.57%	32.00%	-147.06%	11.90%	-275.68%
Operating Cash Flow Q/Q Growth	-171.75%	57.07%	-190.97%	120.24%	-214.49%	581.91%	-82.38%	-443.92%	-85.88%	139.98%
Free Cash Flow Firm Q/Q Growth	151.45%	40.41%	20.48%	-178.09%	14.29%	119.24%	401.05%	-4.61%	2.57%	197.18%
Invested Capital Q/Q Growth	5.32%	14.61%	9.04%	-3.53%	1.49%	-13.94%	-5.84%	-5.82%	-2.66%	-73.24%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.34%	16.00%	24.68%	26.46%	27.34%	16.90%	16.89%	16.62%	17.52%	6.65%
EBITDA Margin	-22.13%	-40.23%	-3.53%	-0.40%	-1.26%	-4.19%	-2.44%	-15.31%	-21.45%	-88.37%
Operating Margin	-27.69%	-48.01%	-3.85%	-6.42%	-4.34%	-10.64%	-4.07%	-9.13%	-18.23%	-27.29%
EBIT Margin	-27.27%	-45.07%	-8.06%	-4.80%	-6.31%	-8.78%	-5.77%	-19.28%	-25.96%	-93.29%
Profit (Net Income) Margin	-27.98%	-48.18%	-12.60%	-9.09%	-10.10%	-12.94%	-9.22%	-23.16%	-30.54%	-96.56%
Tax Burden Percent	83.00%	96.20%	99.57%	98.47%	96.15%	98.60%	101.36%	100.08%	97.80%	97.57%
Interest Burden Percent	123.64%	111.14%	156.92%	192.31%	166.57%	149.58%	157.57%	119.98%	120.26%	106.08%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-24.66%	-38.28%	-3.41%	-8.55%	-6.28%	-16.23%	-6.85%	-17.14%	-35.05%	-88.07%
ROIC Less NNEP Spread (ROIC-NNEP)	-29.26%	-53.23%	-11.96%	-12.59%	-12.00%	-23.13%	-16.45%	-37.98%	-51.53%	-170.34%
Return on Net Nonoperating Assets (RNNOA)	-43.80%	-31.48%	-10.03%	-20.81%	-25.97%	-19.05%	-17.19%	-51.88%	-110.61%	-24,359.27%
Return on Equity (ROE)	-68.47%	-69.77%	-13.44%	-29.36%	-32.26%	-35.29%	-24.04%	-69.02%	-145.66%	-24,447.34%
Cash Return on Invested Capital (CROIC)	0.00%	-38.24%	-36.48%	-50.69%	-41.50%	-1.26%	12.66%	12.44%	10.17%	80.16%
Operating Return on Assets (OROA)	-20.15%	-27.86%	-5.92%	-4.66%	-6.89%	-8.09%	-6.27%	-22.01%	-28.97%	-100.63%
Return on Assets (ROA)	-20.68%	-29.78%	-9.25%	-8.83%	-11.03%	-11.93%	-10.01%	-26.43%	-34.07%	-104.15%
Return on Common Equity (ROCE)	-68.47%	-39.60%	-6.97%	1.04%	6.34%	14.44%	13.23%	76.73%	264.56%	6,197,854.90%
Return on Equity Simple (ROE_SIMPLE)	-800.20%	0.00%	1,040.87%	203.97%	155.71%	0.00%	56.44%	52.03%	57.41%	0.00%
Net Operating Profit after Tax (NOPAT)	-7.22	-18	-1.55	-2.70	-1.90	-4.73	-2.50	-4.99	-8.76	-13
NOPAT Margin	-19.38%	-33.61%	-2.70%	-4.49%	-3.04%	-7.45%	-2.85%	-6.39%	-12.76%	-19.10%
Net Nonoperating Expense Percent (NNEP)	4.59%	14.94%	8.55%	4.05%	5.72%	6.90%	9.60%	20.84%	16.48%	82.27%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-10.53%	-	-	-	21.10%
Cost of Revenue to Revenue	78.66%	84.00%	75.32%	73.54%	72.66%	83.10%	83.11%	83.38%	82.48%	93.35%
SG&A Expenses to Revenue	41.11%	30.76%	27.84%	29.43%	29.23%	25.99%	19.78%	23.16%	25.53%	26.49%
R&D to Revenue	3.04%	0.70%	0.67%	3.44%	2.45%	1.56%	1.18%	2.24%	2.76%	2.08%
Operating Expenses to Revenue	49.03%	64.01%	28.53%	32.88%	31.68%	27.55%	20.96%	25.75%	35.75%	33.93%
Earnings before Interest and Taxes (EBIT)	-10	-24	-4.65	-2.89	-3.95	-5.57	-5.07	-15	-18	-65
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-8.24	-22	-2.03	-0.24	-0.79	-2.66	-2.15	-12	-15	-61
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	10.17	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.02	0.79	1.05	0.79	0.80	0.76	1.05	1.61	1.53	3.60
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.33	2.14	2.62	2.53	2.73	3.13	4.35	6.77	6.98	52.88
Enterprise Value to Revenue (EV/Rev)	1.61	1.56	1.80	1.49	1.46	1.38	1.60	2.20	2.17	4.30
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	272.41	24.31	113.03	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	30.37	47.53	58.55	24.76
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	6.35	1.12	1.18	1.23	1.44	1.67	1.95	3.14	10.05	-2.42
Long-Term Debt to Equity	6.05	1.07	1.15	1.22	1.41	1.64	1.93	3.11	9.90	-2.40
Financial Leverage	1.50	0.59	0.84	1.65	2.16	0.82	1.04	1.37	2.15	143.00
Leverage Ratio	4.30	2.93	3.17	5.20	5.99	4.31	4.52	5.56	7.75	615.60
Compound Leverage Factor	5.32	3.26	4.98	10.00	9.99	6.45	7.13	6.67	9.31	653.03
Debt to Total Capital	86.39%	52.84%	54.12%	55.18%	59.10%	62.55%	66.05%	75.82%	90.95%	170.32%
Short-Term Debt to Total Capital	4.11%	2.41%	1.18%	0.57%	1.43%	0.98%	0.57%	0.62%	1.30%	1.72%
Long-Term Debt to Total Capital	82.28%	50.43%	52.94%	54.61%	57.67%	61.57%	65.48%	75.20%	89.65%	168.60%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	51.68%	54.05%	62.31%	61.72%	68.30%	70.28%	86.37%	80.16%	185.32%
Common Equity to Total Capital	13.61%	-4.52%	-8.18%	-17.49%	-20.81%	-30.85%	-36.33%	-62.19%	-71.11%	-255.64%
Debt to EBITDA	-0.86	-0.66	-0.73	-2.36	-3.32	-15.43	-15.52	-5.44	-3.92	-1.39
Net Debt to EBITDA	-0.80	-0.39	-0.59	-1.90	-2.75	-9.50	-9.32	-3.68	-2.55	-0.85
Long-Term Debt to EBITDA	-0.82	-0.63	-0.71	-2.34	-3.24	-15.18	-15.39	-5.39	-3.86	-1.38
Debt to NOPAT	-0.98	-0.76	-0.84	-2.57	-3.38	-8.11	-7.65	-6.76	-5.88	-4.26
Net Debt to NOPAT	-0.91	-0.46	-0.68	-2.07	-2.80	-4.99	-4.59	-4.57	-3.82	-2.60
Long-Term Debt to NOPAT	-0.93	-0.73	-0.82	-2.54	-3.30	-7.98	-7.58	-6.70	-5.79	-4.21
Altman Z-Score	-0.31	-0.40	0.12	0.07	0.20	0.12	0.48	0.75	0.44	0.45
Noncontrolling Interest Sharing Ratio	0.00%	43.24%	48.11%	103.55%	119.65%	140.92%	155.02%	211.17%	281.63%	25,451.86%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.78	1.02	1.01	0.96	0.97	0.98	0.97	0.98	0.97	0.84
Quick Ratio	0.37	0.58	0.41	0.39	0.41	0.56	0.50	0.49	0.50	0.48
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	22	31	37	-29	-25	4.74	24	23	23	69
Operating Cash Flow to CapEx	-1,256.42%	-579.59%	-1,785.01%	198.05%	-250.27%	748.62%	177.07%	-1,040.04%	-1,112.02%	302.53%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.74	0.62	0.73	0.97	1.09	0.92	1.09	1.14	1.12	1.08
Accounts Receivable Turnover	10.99	7.47	10.45	10.93	11.37	8.25	12.90	12.28	12.60	11.20
Inventory Turnover	91.37	122.26	119.28	109.38	95.90	124.51	140.61	152.18	132.26	138.29
Fixed Asset Turnover	25.66	9.99	11.69	21.19	21.94	17.01	19.02	19.62	18.89	18.02
Accounts Payable Turnover	9.64	8.59	10.55	9.18	11.21	10.28	10.23	10.58	14.51	10.24
Days Sales Outstanding (DSO)	33.21	48.87	34.93	33.41	32.10	44.27	28.29	29.73	28.96	32.60
Days Inventory Outstanding (DIO)	3.99	2.99	3.06	3.34	3.81	2.93	2.60	2.40	2.76	2.64
Days Payable Outstanding (DPO)	37.86	42.51	34.59	39.77	32.55	35.51	35.69	34.51	25.16	35.64
Cash Conversion Cycle (CCC)	-0.66	9.34	3.40	-3.02	3.36	11.69	-4.80	-2.37	6.56	-0.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	102	117	127	123	125	107	101	95	92	25
Invested Capital Turnover	1.27	1.14	1.27	1.90	2.07	2.18	2.40	2.68	2.75	4.61
Increase / (Decrease) in Invested Capital	-29	-49	-38	26	23	-9.47	-26	-28	-32	-82
Enterprise Value (EV)	238	250	334	311	341	335	439	643	646	1,309
Market Capitalization	151	126	195	164	187	185	288	470	457	1,095
Book Value per Share	$0.23	($0.10)	($0.18)	($0.37)	($0.45)	($0.67)	($0.76)	($1.19)	($1.45)	($2.84)
Tangible Book Value per Share	($1.55)	($2.16)	($2.22)	($2.39)	($2.41)	($2.66)	($2.70)	($3.13)	($3.48)	($4.83)
Total Capital	109	148	142	137	139	141	137	126	136	74
Total Debt	94	78	77	76	82	88	91	95	123	126
Total Long-Term Debt	90	75	75	75	80	87	90	95	122	124
Net Debt	87	47	62	61	68	54	54	65	80	77
Capital Expenditures (CapEx)	0.90	0.83	0.79	1.44	1.30	2.10	1.56	0.91	1.59	2.34
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-17	-23	-9.07	-15	-12	-32	-35	-32	-46	-71
Debt-free Net Working Capital (DFNWC)	-9.79	5.01	2.21	-3.28	-0.85	-1.35	-2.72	-1.21	-2.72	-22
Net Working Capital (NWC)	-14	1.43	0.53	-4.06	-2.83	-2.72	-3.50	-1.99	-4.49	-23
Net Nonoperating Expense (NNE)	3.20	7.83	5.71	2.77	4.42	3.49	5.59	13	12	54
Net Nonoperating Obligations (NNO)	87	47	62	61	68	54	54	65	80	77
Total Depreciation and Amortization (D&A)	1.91	2.60	2.61	2.65	3.16	2.91	2.92	3.10	3.10	3.43
Debt-free, Cash-free Net Working Capital to Revenue	-11.37%	-14.52%	-4.89%	-6.95%	-5.00%	-12.97%	-12.88%	-10.97%	-15.37%	-23.42%
Debt-free Net Working Capital to Revenue	-6.62%	3.12%	1.19%	-1.57%	-0.36%	-0.55%	-0.99%	-0.41%	-0.91%	-7.28%
Net Working Capital to Revenue	-9.64%	0.89%	0.29%	-1.95%	-1.21%	-1.12%	-1.28%	-0.68%	-1.50%	-7.70%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.16)	($0.43)	($0.18)	($0.16)	($0.14)	($0.25)	($0.17)	($0.42)	($0.37)	($1.39)
Adjusted Weighted Average Basic Shares Outstanding	63.46M	63.32M	64.28M	64.35M	64.80M	64.65M	65.57M	65.70M	66.53M	66.15M
Adjusted Diluted Earnings per Share	($0.16)	($0.43)	($0.18)	($0.16)	($0.14)	($0.25)	($0.17)	($0.42)	($0.37)	($1.39)
Adjusted Weighted Average Diluted Shares Outstanding	63.46M	63.32M	64.28M	64.35M	64.80M	64.65M	65.57M	65.70M	66.53M	66.15M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	63.85M	64.28M	64.28M	64.77M	64.80M	65.58M	65.58M	66.54M	66.54M	75.57M
Normalized Net Operating Profit after Tax (NOPAT)	-7.22	-18	-1.55	-2.70	-1.90	-4.73	-2.50	-4.99	-8.76	-13
Normalized NOPAT Margin	-19.38%	-33.61%	-2.70%	-4.49%	-3.04%	-7.45%	-2.85%	-6.39%	-12.76%	-19.10%
Pre Tax Income Margin	-33.71%	-50.09%	-12.65%	-9.23%	-10.51%	-13.13%	-9.10%	-23.14%	-31.22%	-98.97%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-3.70%	0.00%	0.00%	0.00%	-0.19%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Redwire's Financials

When does Redwire's fiscal year end?

According to the most recent income statement we have on file, Redwire's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Redwire's net income changed over the last 2 years?

Redwire's net income appears to be on a downward trend, with a most recent value of -$114.31 million in 2024, falling from -$130.62 million in 2022. The previous period was -$27.26 million in 2023. Check out Redwire's forecast to explore projected trends and price targets.

What is Redwire's operating income?

Redwire's total operating income in 2024 was -$42.20 million, based on the following breakdown:

Total Gross Profit: $44.46 million
Total Operating Expenses: $86.66 million

How has Redwire revenue changed over the last 2 years?

Over the last 2 years, Redwire's total revenue changed from $160.55 million in 2022 to $304.10 million in 2024, a change of 89.4%.

How much debt does Redwire have?

Redwire's total liabilities were at $344.53 million at the end of 2024, a 57.7% increase from 2023, and a 83.4% increase since 2022.

How much cash does Redwire have?

In the past 2 years, Redwire's cash and equivalents has ranged from $28.32 million in 2022 to $49.07 million in 2024, and is currently $49.07 million as of their latest financial filing in 2024.

How has Redwire's book value per share changed over the last 2 years?

Over the last 2 years, Redwire's book value per share changed from -0.10 in 2022 to -2.84 in 2024, a change of 2,603.6%.

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This page (NYSE:RDW) was last updated on 5/6/2025 by MarketBeat.com Staff

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Redwire (RDW) Financials

Frequently Asked Questions About Redwire's Financials

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Redwire (RDW) Financials

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