Redwire (US:RDW) Yahoo Finance·2026-03-04 17:32Core Insights - Redwire Corporation reported a 10.3% year-over-year increase in full-year revenue for 2025, totaling $335.4 million, with a significant 56.4% increase in fourth-quarter revenue to $108.8 million, driven by the acquisition of Edge Autonomy and higher contract awards [1] - The company ended 2025 with a book-to-bill ratio of 1.32 for the full year and 1.52 in Q4, alongside total liquidity of $130.2 million, despite reporting a net loss of $85.5 million in Q4 and $226.6 million for the full year [2] - CFO Chris Edmunds indicated that Q4 results were negatively impacted by EAC adjustments related to development-stage programs, emphasizing a focus on moving programs into production to enhance gross margins [3] Financial Performance - Full-year revenue for 2025 was $335.4 million, reflecting a 10.3% increase year-over-year [1] - Fourth-quarter revenue reached $108.8 million, marking a 56.4% year-over-year increase [1] - The company reported a net loss of $226.6 million for the full year, which included over $130 million of non-recurring activity [2] Operational Highlights - Redwire's book-to-bill ratio was 1.32 for the full year and 1.52 in Q4, indicating strong demand relative to revenue [2] - The company ended the year with a record contracted backlog of $411.2 million [1] - Redwire utilized ATM proceeds in Q4 to repay $105.5 million of debt and refinanced its remaining credit agreement in February 2026, estimating over $17 million in annualized interest savings [3] Strategic Focus - The company is concentrating on moving development-stage programs into production to support gross margin improvement [3] - The acquisition of Edge Autonomy is highlighted as a key factor in reshaping growth and backlog [7]