Redwire Q3 2026 results
Updated from live prices and SEC filings
Redwire revenue rose 5.4% to $109.0M and gross margin reached a record 32.3%, up from 16.3%, while the net loss narrowed to $23.2M from $41.2M. Backlog hit a record $619.7M, book-to-bill was 1.73 and 2026 revenue guidance of $450M to $500M was reaffirmed.
Redwire (RDW) reported results for the three months to 30 September 2026 on 4 Nov 2026. Revenue up 5.4% to $109M, record backlog of $619.7M.
The numbers
| Measure | Q3 2026 | Change |
|---|---|---|
| Revenue | $109.0M | +5.4% (from $103.4M) |
| Space revenue | $61.3M | from $46.5M |
| Defense Tech revenue | $47.8M | from $56.9M |
| Gross margin | 32.3% | from 16.3% (adjusted 27.1%) |
| Net loss | $23.2M | from $41.2M |
| Loss per share | $0.09 | from $0.29 |
| Adjusted EBITDA | -$5.3M | from -$2.6M |
| Contracts awarded | $188.7M | from $129.8M; book-to-bill 1.73 |
| Backlog | $619.7M | record; up nearly 75% year on year |
| Total liquidity | $538.9M | up 313.9% since end of 2025 |
What stood out
- Space revenue grew to $61.3M while Defense Tech revenue fell to $47.8M from $56.9M a year earlier.
- Research and development spending rose 87.1% to $14.4M, which the company cited as the main reason adjusted EBITDA slipped.
- Won a $20M DARPA contract for further testing of a scaled SabreSat spacecraft ahead of a very low Earth orbit flight test.
- Received a follow-on Axiom Space order for two Roll-Out Solar Array wings, and after the quarter launched the final pair of ISS solar arrays.
- Secured follow-on Stalker drone orders, including from the US National Guard.
Outlook
Redwire reaffirmed its forecast of $450M to $500M in revenue for 2026, having recorded $323.1M in the first nine months.
How the shares reacted
Shares were down 8.23% at $7.08 in after-hours trading on 4 November, per Benzinga at about 4:45pm ET.
More on Redwire
- RDW stock: live price, filings, insider trades and contracts
- Chart RDW on TradingView ($15 off a paid plan)
- All space stock results
- Space stocks earnings calendar
Sources
- Redwire Corporation Reports Third Quarter 2026 Financial Results, Expands Backlog, Achieves Record Gross Margins (Business Wire)
- Redwire Form 8-K, 4 November 2026 (SEC EDGAR)
- Redwire Stock Slips as Uneven Revenue Timing Softens Q3 Results (Benzinga)
Figures as reported by the company; changes are against the same quarter a year earlier unless stated. Orbit Alpha is information, not investment advice.
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