What is Redwire's defense tech — goodwill reallocation?

Redwire (RDW) reported defense tech — goodwill reallocation of -$2.98M in Q4 2025.

What does defense tech — goodwill reallocation mean?

Represents the adjustment of goodwill balances between reporting units or segments following organizational restructuring or changes in the reporting structure. This metric is used to ensure that intangible asset values are correctly aligned with the segments that generate the associated economic benefits.

Redwire (RDW) Defense Tech — Goodwill reallocation

Screener

Other segment segments

Space

$11.9M—

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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

See full

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:GoodwillTransfers.

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 item	Gross Goodwill / Space	Gross Goodwill / Defense Tech	Accumulated Impairment / Space	Accumulated Impairment / Defense Tech	Net Goodwill / Space	Net Goodwill / Defense Tech	Net Goodwill / Total
Goodwill arising from acquisitions	6,629	—	—	—	6,629	—	6,629
Impact of foreign currency	(1,438)	—	213	—	(1,225)	—	(1,225)
Balance of goodwill as of December 31, 2024	93,512	27,566	(49,917)	—	43,595	27,566	71,161
Goodwill arising from acquisitions	—	721,324	—	—	—	721,324	721,324
Goodwill reallocation	11,901	(11,901)	—	—	11,901	(11,901)	—
Impact of foreign currency	2,891	5,064	(428)	—	2,463	5,064	7,527
Impairment expense	—	—	(20,898)	—	(20,898)	—	(20,898)
Balance of goodwill as of December 31, 2025	$108,304	$742,053	$(71,243)	—	$37,061	$742,053	$779,114

Item 8. Financial Statements and Supplementary Data

FAQ

What is Redwire's defense tech — goodwill reallocation?: Redwire (RDW) reported defense tech — goodwill reallocation of -$2.98M in Q4 2025.
What does defense tech — goodwill reallocation mean?: Represents the adjustment of goodwill balances between reporting units or segments following organizational restructuring or changes in the reporting structure. This metric is used to ensure that intangible asset values are correctly aligned with the segments that generate the associated economic benefits.