Redwire posts record $619.7 million backlog in Q3 2026
Redwire's Q3 revenue rose 5.4% to $109 million as backlog grew nearly 75% year over year.
what happened
Redwire reported Q3 2026 revenue of $109.0 million, up 5.4% year over year, with backlog reaching a record $619.7 million, up nearly 75% year over year, and a quarterly book-to-bill ratio of 1.73. Gross margin rose to 32.3% from 16.3% a year earlier; net loss narrowed by $18.0 million year over year to $23.2 million, improving diluted EPS by $0.20 to a loss of $0.09 per share. Total liquidity reached $538.9 million, up 313.9% from year-end 2025. CEO Peter Cannito said the results reflect "durable demand across our space and defense tech portfolio," and the company reaffirmed 2026 revenue guidance of $450 million to $500 million.
why it matters
The backlog growth and narrower losses are a data point for investors and partners on whether Redwire's recent run of contracts and partnerships (its Axiom ROSA work, the EnduroSat and other tie-ups) is converting into durable, better-margin work rather than just new wins on paper.
signal-to-noise
quick facts
- Companies
- Redwire
- Category
- financial
- Impact
- noise
- SNR
- 5 / 5
- Event date
- 2026-11-04
- Published
- 2026-11-05 00:16 UTC