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Redwire RDW Defense Tech — Goodwill arising from acquisitions

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Other financials

Income statement

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Revenue$117.1M+89.6%
Gross profit$32.5M+271%
Operating income-$22.1M+76.0%
Net income-$41.0M+57.8%
EPS (diluted)-$0.19+86.5%

Balance sheet

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Cash & equivalents$557.7M+610%
Total debt$87.1M-61.3%
Total equity$1.6B+79.6%
Total assets$1.9B+28.9%

Cash flow

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Operating cash flow-$24.9M+71.6%
CapEx$8.5M+188%
Free cash flow-$33.5M+63.1%

Valuation

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Market cap$2.83B+44.6%
Enterprise value$2.35B+12.1%
P/S6.6×-0.8×

Profitability

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Gross margin20.1%+17.6pp
Operating margin-50.5%-2.0pp
Net margin-57.3%-9.7pp
FCF margin-23%

Returns & leverage

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Return on equity-19.2%
Debt / equity0.1×-0.2×
Current ratio3.9×+2.5×

Where this comes from

Reported directly by Redwire in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.

The source filing: Redwire’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 5:15 PM EST
Fiscal year
FY2025
Accession
0001819810-26-000029
Line itemGross Goodwill / SpaceGross Goodwill / Defense TechAccumulated Impairment / SpaceAccumulated Impairment / Defense TechNet Goodwill / SpaceNet Goodwill / Defense TechNet Goodwill / Total
Balance of goodwill as of December 31, 2023$88,321$27,566$(50,130)$38,191$27,566$65,757
Goodwill arising from acquisitions6,6296,6296,629
Impact of foreign currency(1,438)213(1,225)(1,225)
Balance of goodwill as of December 31, 202493,51227,566(49,917)43,59527,56671,161
Goodwill arising from acquisitions721,324721,324721,324
Goodwill reallocation11,901(11,901)11,901(11,901)
Impact of foreign currency2,8915,064(428)2,4635,0647,527
Impairment expense(20,898)(20,898)(20,898)

Item 8. Financial Statements and Supplementary Data

FAQ

What is Redwire's defense tech — goodwill arising from acquisitions?
Redwire (RDW) reported defense tech — goodwill arising from acquisitions of $180.33M in Q4 2025.
What does defense tech — goodwill arising from acquisitions mean?
Reflects the premium paid over the fair value of net identifiable assets when acquiring businesses for the Defense Tech segment. It represents the value of intangible synergies, market position, and specialized workforce capabilities acquired through M&A activity.

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