Redwire Corp Q1 2025 Financial Results – Revenues Down 30.1%

By Hao Liu • Monday, May 12 10:17 • Permanent Link

Redwire Corporation, a global space infrastructure and innovation company, has reported its financial results for the first quarter of 2025. Here are the key highlights:

Revenues for the first quarter of 2025 decreased by 30.1% to $61.4 million compared to $87.8 million for the first quarter of 2024.
The net loss for the first quarter of 2025 decreased by $5.1 million to $(2.9) million compared to $(8.1) million for the first quarter of 2024.
Adjusted EBITDA for the first quarter of 2025 decreased by $6.5 million to $(2.3) million compared to $4.3 million for the first quarter of 2024.
The book-to-bill ratio for the first quarter of 2025 was 0.92, showing a significant increase from 0.40 in the first quarter of 2024.
Net cash used in operating activities for the first quarter of 2025 increased by $47.8 million to $(45.1) million compared to net cash provided by operating activities of $2.8 million for the first quarter of 2024.
Free cash flow for the first quarter of 2025 was $(49.1) million, a decrease from $0.4 million for the first quarter of 2024.

Looking ahead, Redwire is forecasting full-year revenues of $535 million to $605 million and adjusted EBITDA of $70 million to $105 million for the twelve months ended December 31, 2025.

Redwire's CEO, Peter Cannito, highlighted the company's confidence in its business model, despite delays in awards in the U.S. government market. He also emphasized the company's resilience through geographic, product, and customer diversity across civil, commercial, and national security markets.

Jonathan Baliff, the CFO of Redwire, emphasized the company's sequential and year-over-year improvements in the book-to-bill ratio and the record levels of cash and total liquidity.

Redwire Corporation is live streaming a presentation with slides to review the financial results and will conduct a conference call to discuss the results further.

The company's focus on expanding its presence in Europe and capitalizing on market trends in space and defense technology demonstrates its commitment to continued growth and success in the industry. The market has reacted to these announcements by moving the company's shares -1.4% to a price of $11.31. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.