Redwire Q4 EPS Miss but 56% Revenue Jump and $450–$500M Guidance
Redwire lost $0.58 per share in Q4 versus a $0.19 loss forecast, yet revenue surged 56.4% to $108.8 million with a book-to-bill ratio of 1.52. The company closed 2025 with $130.2 million liquidity and guided 2026 revenue of $450–$500 million, above a $460.9 million consensus.
1. Financial Results
Redwire posted a fourth-quarter net loss of $0.58 per share, missing forecasts of a $0.19 loss. Revenue totaled $108.8 million, up 56.4% year-over-year, driven by increased orders and resulting in a book-to-bill ratio of 1.52.
2. Liquidity and Backlog
The company ended 2025 with $130.2 million in cash and equivalents, a 103.2% increase over year-end 2024. A book-to-bill ratio above 1 indicates order intake exceeded revenue by 52% in the quarter, signaling a growing backlog.
3. 2026 Guidance
Management issued full-year 2026 revenue guidance of $450 million to $500 million, with the midpoint topping the $460.9 million consensus. This outlook reflects confidence in scaling production and securing new contracts across space and defense segments.
4. Market Reaction
Shares of Redwire jumped more than 9% intraday following the report, reflecting investor optimism about revenue strength and outlook despite the EPS miss. Trading reached a peak gain of approximately 11.7% at $9.62 per share by mid-session.