Redwire Corp Reports Q3 2026 Revenue Growth and Record Backlog
Redwire Corp (RDW) reported third-quarter 2026 revenue of $109 million, a 5.4% increase year-over-year, driven by strong demand in the space and defense sectors. The company achieved a significant expansion in gross margin to 32.3%, up from 16.3% in the previous year, attributed to an improved contract mix and the completion of lower-margin programs. A record contracted backlog of $619.7 million highlights sustained demand for its mission-critical technologies. While the company reported a net loss of $23.2 million, this represents a substantial $18 million improvement compared to the same period last year. Strategic investments in research and development rose by 87.1% to support new product lines like the ELSA power platform. Despite fluctuations in defense tech segment revenue due to shipment timing, management reaffirmed full-year 2026 revenue guidance of $450 million to $500 million.
Topics: contract backlog government contracts gross margin expansion revenue growth space technology