Redwire Q2 FY26 net loss narrows to $41 million; revenue more than doubles to $117.1 million
RDW•Q2 results and backlog
Redwire posted Q2 revenue of $117.1 million, up 89.6% year over year, with contracted backlog at a record $542.1 million.
Net loss narrowed to $41 million, while non-GAAP adjusted EBITDA improved to a loss of $3.2 million.
Non-GAAP adjusted gross margin rose to 27.8%, swinging from (30.9)% a year earlier; book-to-bill was 1.42.
Liquidity and balance sheet
Liquidity climbed to $607.8 million, while term loans fell to $50 million from $90 million during the quarter.
2026 outlook
Redwire reaffirmed its 2026 revenue forecast of $450 million to $500 million, citing $214 million recorded in H1.
