What is Redwire's work in process?

Redwire (RDW) reported work in process of $25.17M in Q1 2026.

How has Redwire's work in process changed year-over-year?

Redwire's work in process increased by 5155.1% year-over-year, from $479K to $25.17M.

What is the long-term trend for Redwire's work in process?

Over 4 years (2021 to 2025), Redwire's work in process has grown at a 262.5% compound annual growth rate (CAGR), from $117K to $20.19M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Redwire RDW Work in process

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Curtiss-WrightCW

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Crane Co.CR

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Rocket Lab USA, Inc.RKLB

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Other financials

Income statement

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Revenue$97.0M+57.9%

Gross profit$25.8M+185%

Operating income-$69.7M-387%

Net income-$76.5M-2,495%

EPS (diluted)-$0.40-344%

Balance sheet

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Cash & equivalents$145.2M+168%

Total debt$128.7M+2.6%

Total equity$1.1B+1,698%

Total assets$1.5B+381%

Cash flow

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Operating cash flow-$6.7M+85.2%

CapEx$4.8M+166%

Free cash flow-$11.4M+75.6%

Valuation

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Market cap$2.43B+155%

Enterprise value$2.41B+127%

P/S6.6×+3.1×

Profitability

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Gross margin9.2%-4.7pp

Operating margin-76.8%-115pp

Net margin-80.9%-1,477pp

FCF margin-41.9%—

Returns & leverage

See full

Return on equity-254.4%-886pp

Debt / equity0.1×—

Current ratio1.8×+0.6×

Where this comes from

Reported directly by Redwire in its filing.

Tagged under the XBRL concept us-gaap:InventoryWorkInProcessNetOfReserves.

The official record: Redwire’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Redwire's work in process?: Redwire (RDW) reported work in process of $25.17M in Q1 2026.
How has Redwire's work in process changed year-over-year?: Redwire's work in process increased by 5155.1% year-over-year, from $479K to $25.17M.
What is the long-term trend for Redwire's work in process?: Over 4 years (2021 to 2025), Redwire's work in process has grown at a 262.5% compound annual growth rate (CAGR), from $117K to $20.19M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.