Redwire (RDW) Investor presentation summary

Strategic highlights and business overview

• Focuses on aerospace infrastructure, autonomous systems, and multi-domain operations, with proven products in space and defense tech sectors.

• Delivered over 100 Stalker/Penguin UAS and 150+ Octopus Gimbals in 2025 after acquiring Edge Autonomy.

• Installed 6 IROSA wings on the ISS, with 2 more delivered, and maintains a 100% on-orbit success rate for Roll Out Solar Arrays.

• Serves more than 170 customers, including NASA, ESA, Airbus, Boeing, Lockheed Martin, and various defense agencies.

• Operates from 23 locations in North America and 5 in Europe as of December 31, 2025.

Product and technology portfolio

• Develops next-gen spacecraft with AI, quantum key distribution, and maneuverability for VLEO, LEO, MEO, and GEO markets.

• Provides critical space infrastructure products like ROSA, ELSA, and IBDM for space stations and Moon/Mars exploration.

• Leads in microgravity development with PIL-BOX and BioFabrication Facility, targeting biotech partnerships for drug development.

• Supplies combat-proven UAS (Stalker, Penguin) and advanced sensors/payloads for multi-domain missions.

• Key products include Octopus Gimbals and RF payloads, with a growing UAV EO/IR sensor market and satellite proliferation.

Financial performance and metrics

• FY25 revenue reached $335.4M, up 10% from the prior year, with gross profit of $17.3M and net loss of $226.6M.

• Q4 2025 revenue was $108.8M, a 56% increase year-over-year, with a gross margin of 9.6%.

• Adjusted EBITDA for FY25 was $(50.3)M, reflecting ongoing investments and integration costs.

• Free cash flow for FY25 was $(200.6)M, indicating significant capital expenditures and operating cash outflows.

• Contracted backlog at year-end 2025 was $411.2M, with a book-to-bill ratio of 1.32, signaling future revenue growth.