Redwire Corporation (RDW) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Redwire Corporation published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Redwire Corporation reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Redwire reports in thousands; figures here are in millions.
• Defense Tech is the former Edge Autonomy, acquired at the end of the second quarter of 2025. Q3 2025 cost of sales included an $11.2 million non-cash purchase accounting adjustment to the acquired inventory.

Source: Redwire Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Redwire Corporation splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Redwire Corporation's Space revenue was $61.3 million in Q3 2026, up 32% from $46.5 million in Q3 2025, 56% of total revenue.
• Redwire Corporation's Defense Tech revenue was $47.8 million in Q3 2026, down 16% from $56.9 million in Q3 2025, 44% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Redwire gives a revenue forecast only. The second line is from CFO Chris Edmunds.

In its Q3 2026 release, Redwire Corporation said:

“For the full year ended December 31, 2026, Redwire reaffirms that it is forecasting revenues of $450 million to $500 million.”

“we again reaffirm our 2026 revenue forecast.”

Source: Redwire Q3 2026 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the RDW forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Revenues and basic and diluted net loss per common share, each as first reported in that quarter's release.

We do not hold a confirmed date for Redwire Corporation's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 4, 2026

Redwire's revenues rose 5.4% to $109.0 million in Q3 2026, from $103.4 million a year earlier. The Space segment brought in $61.3 million, up from $46.5 million. Defense Tech, the former Edge Autonomy business acquired in June 2025, whose products include uncrewed aircraft systems (UAS) such as the Stalker platform, brought in $47.8 million, down from $56.9 million. (Redwire Q3 2026 release, Nov 4, 2026; Redwire Form 10-Q, Q3 2026, Nov 5, 2026)

Redwire said revenue rose mainly because of the timing of production cycles for large space infrastructure offerings, partly offset by the timing of UAS shipments. Net favorable estimate-at-completion (EAC) adjustments added $0.8 million in the quarter, against $8.9 million of net unfavorable EAC adjustments a year earlier. (Redwire Form 10-Q, Q3 2026, Nov 5, 2026)

By customer, Redwire's national security revenue was $50.1 million (from $58.6 million), commercial and other $41.7 million (from $26.6 million) and civil space $17.3 million (from $18.2 million). By customer location, U.S. revenue was $74.8 million and Europe $31.8 million. Space revenue is 99% recognized over time, while 81% of Defense Tech revenue is recognized at a point in time. (Redwire Form 10-Q, Q3 2026, Nov 5, 2026)

Redwire's contracted backlog was a record $619.7 million at September 30, 2026, up from $411.2 million at December 31, 2025: $379.6 million in Space and $240.1 million in Defense Tech. Contracts awarded in the quarter totaled $188.7 million, a book-to-bill ratio of 1.73 (Space 1.96, Defense Tech 1.44). Awards in the quarter included a $20 million DARPA contract for further testing of a scaled SabreSat spacecraft ahead of a flight test in very low-Earth orbit. (Redwire Q3 2026 release, Nov 4, 2026)

Redwire's net loss narrowed to $23.2 million, or $(0.09) per share, in Q3 2026 from $41.2 million, or $(0.29), a year earlier. Gross margin rose to a record 32.3% from 16.3%: Q3 2025 cost of sales carried an $11.2 million non-cash purchase accounting adjustment on Edge Autonomy inventory, and Q3 2026 included a $3.0 million reversal of contract loss reserves. Research and development expense rose 87.1% to $14.4 million. (Redwire Q3 2026 release, Nov 4, 2026; Redwire Form 10-Q, Q3 2026, Nov 5, 2026)

Redwire's adjusted EPS was $(0.06), against $(0.20). Adjusted EPS excludes equity-based compensation ($0.03 per share in the quarter), transaction and integration costs, litigation expense and changes in the fair value of private warrants, and assumes the company's Convertible Preferred Stock does not exist. Adjusted EBITDA was $(5.3) million, against $(2.6) million. (Redwire Q3 2026 release, Nov 4, 2026)

Redwire's weighted-average share count rose to 250,050,615 from 145,744,055 a year earlier. In the first nine months of 2026 it sold common stock through three at-the-market facilities, the largest being 23,986,658 shares at a weighted average price of $14.59 for $350.0 million of gross proceeds under its May 2026 facility. No Convertible Preferred Stock was outstanding at September 30, 2026, and total liquidity was $538.9 million, including $488.9 million of cash, cash equivalents and restricted cash. (Redwire Form 10-Q, Q3 2026, Nov 5, 2026; Redwire Q3 2026 release, Nov 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Redwire gives a full-year revenue forecast and no earnings guidance. With Q3 2026 results it reaffirmed 2026 revenues of $450 million to $500 million. It had recorded $323.1 million of revenue in the first nine months of 2026. The CFO pointed to the $619.7 million backlog and $46.8 million of work in process and finished goods inventory in support of the forecast. (Redwire Q3 2026 release, Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover Redwire Corporation, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Redwire Corporation's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning RDW is on is RDW a buy or a sell?, what analysts expect next is on the RDW forecast, and what the company does is on the Redwire Corporation (RDW) stock page.

Every number on this page can be traced to a document Redwire Corporation published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.