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Redwire RDW Space — Impairment expense

Other segment segments

Defense Tech
$265K

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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:AssetImpairmentCharges.

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
Year Ended December 31, 2025SpaceDefense TechTotal
Cost of sales202,482115,614318,096
Selling, general and administrative19,09387,205106,298
Transaction expenses115115
Impairment expense34,42026534,685
Research and development2,97715,91818,895
Reportable segment income (loss) from operations$(49,155)$(93,553)$(142,708)
Less:
Other (income) expense, net(4,041)1,009(3,032)

Item 8. Financial Statements and Supplementary Data

FAQ

What is Redwire's space — impairment expense?
Redwire (RDW) reported space — impairment expense of $8.61M in Q4 2025.
What does space — impairment expense mean?
This reflects a non-cash charge recognized when the carrying value of an asset or goodwill within the space segment exceeds its recoverable amount. It serves as an indicator of declining asset value or reduced future economic expectations for the segment's operations.

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