RDWRedwire Corp
Guided Missiles & Space Vehicles & Parts
- Revenue
- $335M
- 10% YoY
- Operating margin
- -68.5%
- 393% YoY
- EBITDA
- −$197M
- 546% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$509M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired18% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear40% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $138M | $161M | $244M | $304M | $335M | 10% |
| Operating income | −$70M | −$146M | −$16M | −$42M | −$230M | 444% |
| Net income | −$62M | −$131M | −$27M | −$114M | −$227M | 98% |
| Operating cash flow | −$37M | −$32M | $1M | −$17M | −$177M | 922% |
| Capex | $2M | $4M | $6M | $6M | $13M | 111% |
| Stock-based comp | $27M | $11M | $9M | $11M | $59M | 421% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $11M · 1
- Net
- −$11M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $4M | −$6M | 267 | — |
| FY2024 | $4M | $13M | 578 | — |