Why Redwire Stock Keeps Gaining

Redwire Corporation (RDW +14.88%) stock finished Friday up 14.9% while the S&P 500 and the Nasdaq Composite rose 0.6% and 1.2%, respectively. Shares of the space hardware and defense drone builder rose for the second day following the release of its second-quarter report, which came in well ahead of expectations. ExpandNYSE: RDWRedwireToday's Change(14.88%) $1.76Current Price$13.59Key Data PointsMarket Cap$2.8BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Day's Range$12.42 - $13.6852wk Range$4.87 - $26.64Volume32.8MAvg Vol37.1MGross Margin20.10% Record revenue and a SpaceX partnership fuel the rally Redwire reported its Q2 results after the closing bell on Wednesday. Revenue hit a record $117.1 million, up nearly 90% from a year ago. Wall Street was expecting $9 million less. Adjusted loss per share was a better-than-expected $0.09, and gross margin jumped to 27.8% from negative 30.9% a year earlier. Contracted backlog -- signed work the company hasn't delivered yet -- reached a record $542.1 million, though Redwire left its full-year revenue guidance of $450 million to $500 million unchanged. Image source: Getty Images. Then yesterday, the company said it had agreed to buy the entire capacity of a SpaceX Starfall spacecraft for a mission planned in 2028. It will carry up to 32 of the company's PIL-BOX units -- small containers that run pharmaceutical experiments in microgravity. Why Redwire is still a high-risk bet Redwire is certainly heading in the right direction, but it still loses money on a consolidated basis. Adjusted EBITDA was negative $3.2 million last quarter, and free cash flow (FCF) was negative $35.3 million. This is still a high-risk stock, though potentially high-reward.Read NextAug 6, 2026 •By Rich SmithWhy Redwire Stock Soared After EarningsAug 3, 2026 •By Brendan CoffeyRedwire vs.

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