RDW
Redwire Corporation

Redwire CorporationRDW

Industrials · Aerospace & Defense
7.21USD
+16.48%
Nov 08, 2026
RDW overview ready
Supplier of unmanned aerial systems and space infrastructure for defense
Direct beneficiary through its Defense Tech business: Redwire manufactures fielded uncrewed aerial systems and associated autonomous, imaging, navigation, sensor, and mission-payload technologies, while retaining a separate space-infrastructure business.
Primary theme is lagging
Space is lagging (-13.9pp vs SPY over 21 sessions; 2 of 11 members ahead of SPY).
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Fair valuation
The price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.
Solid fundamentals
Ev / sales is strong.
Primary risk
Dependence on government defense spending and procurement cycles.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 16

Conviction Level

PriceAction3.4BusinessPerformance4.0BusinessQuality2.6Valuation5.3ThemeMomentum1.0Decelerating — Revenue is still growing (+5.4% YoY), but growth has slowed, down from +90%. Per-share figures are not comparable across a large share-count change; the net loss moved to -$23.2M from -$41.2M a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
SpaceLagging
vs SPY
−13.9pp
Theme return
−18.9%
Beating SPY
2 of 11
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$1.8B
Avg Volume (60D)
13.2M
60 sessions
Revenue Growth YoY
+10.3%
FY2025 vs FY2024
Gross Margin
+24.1%
Trailing twelve months
Operating Margin
-46.2%
Trailing twelve months
Free Cash Flow Yield
-7.6%
Distance from 200DMA
-34.4%
P/E
N/M
EV / Sales
3.2x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Decelerating

Revenue is still growing (+5.4% YoY), but growth has slowed, down from +90%. Per-share figures are not comparable across a large share-count change; the net loss moved to -$23.2M from -$41.2M a year earlier.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthSlowing
+5.4%
$109M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +56%
  2. +58%
  3. +90%
  4. +5.4%
Earnings growthLoss narrowing
-$23.2M
Net income -$23.2M. Per-share figures are not comparable across a large share-count change.
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginExpanding
-24.1%
+16.4 pp YoY · gross margin 32.3% (+16.1 pp)
The business is consuming cash
The share count is rising

Business Quality

2.6 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

The available comparisons disagreed; the peers comparison is the more reliable method for this business and the others are published as dissent.
Redwire Corporation has a Fair valuation stance because the price broadly reflects the strength of its balance sheet, with upside and risk reasonably balanced.

What changed

  • RDW rose 16.5% in one session
    RDW closed +16.5% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
Direct beneficiary through its Defense Tech business: Redwire manufactures fielded uncrewed aerial systems and associated autonomous, imaging, navigation, sensor, and mission-payload technologies, while retaining a separate space-infrastructure business.
Opportunity
High opportunity
Defense procurement and industrial scaling for attritable unmanned aircraft, autonomous mission systems, ISR payloads, and protection against proliferating drone threats.
Key risk
Dependence on government defense spending and procurement cycles.

Economic classification

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Business & Markets

Industrials · Aerospace & Defense
What they do

Redwire Corporation designs, manufactures, and supplies space infrastructure and defense technologies, operating through two segments: Space and Defense Tech. It serves government and commercial customers globally by providing critical spacecraft components and autonomous unmanned systems.

How it earns

Revenue is primarily generated through project-based contracts and sales of hardware and software solutions to government and commercial aerospace and defense customers.

Products & services
Sensors and avionics systems (star trackers, sun sensors)
Camera systems
Infrared and space situational awareness payloads
Position timing and navigation payloads
Digital engineering software suite
Uncrewed aerial systems and autonomous mission payloads
Customers & end markets
Government aerospace and defense agencies
Commercial space companies
International space and defense organizations
Market position

Niche player specializing in space infrastructure and defense unmanned systems with a growing presence in defense tech.

Demand drivers
Medium cyclicality

Demand driven by government defense budgets and commercial space activity, which can fluctuate with policy and economic cycles.