Slide 1: Investor Update Q4 and FY25
INVESTOR UPDATE Q4 and FY25 FEBRUARY 26, 2026
Slide 2: Use of Data and Projections
USE OF DATA Industry and market data used in this Presentation have been obtained from third-party industry publications and sources, as well as from research reports prepared for other purposes. Redwire has not independently verified the data obtained are made in reliance on the safe harbor provisi
Slide 3: Cautionary Statement Regarding Forward-Looking Statements (Continued)
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS (CONTINUED) (continued from prior slide) (37) the fact that provisions in our Certificate of Designation with respect to our Series A is defined as Adjusted Gross Profit as a percentage of revenue. Management believes these non-GAAP measures
Slide 4: Agenda
AGENDA 1. Q4 and FY25 Highlights Peter Cannito CHAIRMAN & CHIEF EXECUTIVE OFFICER 2. Financial Results & FY26 Outlook Chris Edmunds CHIEF FINANCIAL OFFICER 4 Redwire | Q4 2025 Investor Update
Slide 5: Q4 and FY25 Highlights
Q4 AND FY25 HIGHLIGHTS Peter Cannito, Chairman and CEO 5 Redwire | Q4 2025 Investor Update
Slide 6: FY25 Highlights: In 2025, Redwire Transformed
Q4 and FY25 Highlights FY25 HIGHLIGHTS IN 2025, REDWIRE Expanded customer base to Added ~660 employees in 2025, ending the year with TRANSFORMED FROM A PURE-PLAY SPACE PROVIDER TO AN AGILE, SCALED, 170+ ~1,410 MULTI-DOMAIN SPACE AND DEFENSE TECH COMPANY customers in 2025 Employees around the globe E
Slide 7: Maturing the Portfolio & Scaling Production in FY26
Q4 and FY25 Highlights MATURING THE PORTFOLIO & SCALING PRODUCTION IN FY26 Gross Margin (%) Development Low-Rate Initial Production Full Production Market Penetration % of 2021 % of 2025 revenue revenue Begins Here % of 2021 % of 2025 <2% ~33% revenue revenue Significant % of 2021 % of 2025 ~25% ~35
Slide 8: Redwire Value Drivers
Q4 and FY25 Highlights REDWIRE VALUE DRIVERS SPACE DEFENSE TECH Next-Gen Large Space Microgravity Combat- Sensors & Spacecraft Infrastructure Development Proven UAS Payloads VLEO / GEO ROSA / IBDM PIL-BOX / BioFabrication Facility Stalker / Penguin Optics / RF 8 Redwire | Q4 2025 Investor Update
Slide 9: Next-Gen Spacecraft: $44M DARPA Award for OTTER
Q4 and FY25 Highlights NEXT-GEN SPACECRAFT AWARDED $44M DARPA PHASE 2 AWARD TO ADVANCE THE OTTER PROGRAM Leveraging Redwire’s U.S.-built SabreSat platform, this program strengthens our leadership in VLEO and accelerates cutting-edge capabilities that will define the future of this critical domain. 9
Slide 10: Next-Gen Spacecraft: Payloads for ESA's Syndeo-3
Q4 and FY25 Highlights NEXT-GEN SPACECRAFT SUCCESSFUL INTEGRATION OF 10 PAYLOADS FOR ESA’S ΣYNDEO-3 SATELLITE Leveraging Redwire’s Belgium-built Hammerhead LEO platform, which boasts 50 years of in-orbit performance, Σyndeo-3 aims to accelerate the development of new technologies and stimulate the E
Slide 11: Large Space Infrastructure: Introducing ELSA Solar Array
Q4 and FY25 Highlights LARGE SPACE INFRASTRUCTURE INTRODUCING ELSA, OUR NEW SOLAR ARRAY FOR SATELLITE CONSTELLATIONS From the experience, technical expertise, and success of ROSA, comes a high- performance, low-mass, flexible solar array that can provide more power by volume than traditional arrays.
Slide 12: Large Space Infrastructure: Docking Systems Award for Nyx
Q4 and FY25 Highlights LARGE SPACE INFRASTRUCTURE 8-FIGURE AWARD TO PROVIDE DOCKING SYSTEMS FOR THE EXPLORATION COMPANY’S NYX This contract marks a meaningful step in supporting Europe’s fast-growing commercial space sector, and follows an IBDM award from Thales Alenia Space we announced earlier in
Slide 13: Microgravity Development: Aspera Biomedicines Follow-On
Q4 and FY25 Highlights MICROGRAVITY DEVELOPMENT FOLLOW-ON CONTRACT TO STUDY ASPERA BIOMEDICINES’ CANCER “KILL SWITCH” Redwire is proud to have again been selected as a trusted implementation partner by Aspera Biomedicines. Aspera Biomedicines’ second set of on-orbit experiments will use Redwire’s PI
Slide 14: Combat-Proven UAS: Stalker Training for U.S. Army
Q4 and FY25 Highlights COMBAT-PROVEN UAS TRAINING ON COMBAT-PROVEN STALKER FOR THE U.S. ARMY 1ST AVIATION BRIGADE During the quarter, Army soldiers began training with the Stalker, representing the first time in years that a new Group 2 UAS was used in support of an Army course at Fort Rucker. This
Slide 15: Combat-Proven UAS: New Fuel Cell Production Facility
Q4 and FY25 Highlights COMBAT-PROVEN UAS GRAND OPENING OF OUR NEW 85,000 SQ.FT. FACILITY FOR FUEL CELL PRODUCTION We believe that fuel cells are a critical differentiator for our Stalker platform, allowing for extended range and endurance, silent operations, and easily- sourced fuel. With this strat
Slide 16: Sensors & Payloads: Penguin VTOL and Octopus Gimbals Award
Q4 and FY25 Highlights SENSORS & PAYLOADS AWARD FOR PENGUIN VTOL AND OCTOPUS GIMBALS FOR CROATIAN BORDER PATROL Building successful border patrol deployments around the globe, Redwire is proud to have been chosen again by the European Border and Coast Guard Agency (Frontex) to provide key technologi
Slide 17: Financial Results & FY26 Outlook
FINANCIAL RESULTS & FY26 OUTLOOK Chris Edmunds, Chief Financial Officer 17 Redwire | Q4 2025 Investor Update Credit: NASA | Photo taken with a Redwire camera during Artemis 1.
Slide 18: Achieved Top End of 2025 Revenue Range
Financial Results & FY26 Outlook ACHIEVED TOP END OF 2025 REVENUE RANGE $400.0 FY25 $335.4M $350.0 $335.4 provided $304.1 revenue $300.0 range $250.0 $200.0 $150.0 FY25 revenue; Edge Autonomy contributed $107.1M post-acquisition $100.0 $50.0 $— Represents 10.3% year-over-year FY24 FY25 revenue growt
Slide 19: Q4 FY25 Revenue & Profitability
Financial Results & FY26 Outlook Q4 FY25 REVENUE $120.0 $108.8 & PROFITABILITY $100.0 $80.0 $54.3 $69.6 +56.4% $9.8 $60.0 $40.0 Year-over-year increase in Q4 revenue $59.8 $54.5 $20.0 $— Q4 FY24 Revenue Q4 FY25 Revenue With 18.9% Civil, 59.2% National Security, and 21.9% Commercial and other revenue
Slide 20: Liquidity & Capital Structure
Financial Results & FY26 Outlook LIQUIDITY & $140.0 $130.2 $0.7 CAPITAL STRUCTURE $120.0 $35.0 DURING 2025, REDWIRE STRENGTHENED ITS BALANCE SHEET $100.0 AND SIMPLIFIED ITS CAPITAL STRUCTURE, WITH RECORD YEAR END LIQUIDITY OF $130.2M1 $80.0 • Significantly de-levered: during 2025, repaid net $125.5M
Slide 21: Backlog & Bookings
Financial Results & FY26 Outlook BACKLOG & BOOKINGS $164.9M 1.52x $411.2M Q4 2025 Bookings Q4 2025 Book-to-Bill1 Contracted Backlog, Dec 31, 20251 BOOKINGS BACKLOG Defense Tech Defense Tech $111.4M $54.0M 27.1% 32.7% Space $110.9M 67.3% Space $299.8M 72.9% STRONG MOMENTUM WITH BACKLOG TO SUPPORT FY2
Slide 22: FY26 Outlook
Financial Results & FY26 Outlook FY26 OUTLOOK $550.0 $500.0 FY26 $500.0 projected $450M- revenue $450.0 range $450.0 $400.0 $350.0 $300.0 $250.0 $335.4 $500M FY26 projected revenue range $200.0 $150.0 $100.0 $50.0 $— Implies 41.6% year-over-year revenue FY25 FY26 growth at the midpoint of $475M Reco
Slide 23: Q&A
Q&A Credit: Noah Webb, Fast Company
Slide 24: Appendix Q4 2025
Q4 2025 Appendix 24 Redwire | Q4 2025 Investor Update
Slide 25: Q4 2025 Quarter-to-Date Performance
Appendix Q4 2025 QUARTER-TO-DATE PERFORMANCE Three Months Ended $ Change from prior % Change from prior ($ in thousands, except percentages) December 31, 2025 December 31, 2024 year period year period Revenues $ 108,794 $ 69,560 $ 39,234 56 % Cost of sales 98,296 64,937 33,359 51 Gross profit 10,498
Slide 26: 2025 Year-to-Date Performance
Appendix 2025 YEAR-TO-DATE-PERFORMANCE Year Ended $ Change from prior % Change from prior ($ in thousands, except percentages) December 31, 2025 December 31, 2024 year period year period Revenues $ 335,381 $ 304,101 $ 31,280 10 % Cost of sales 318,096 259,646 58,450 23 Gross profit 17,285 44,455 (27
Slide 27: Supplemental Non-GAAP Information
Appendix SUPPLEMENTAL NON-GAAP INFORMATION Three Months Ended Year Ended December December December December (in thousands) 31, 2025 31, 2024 31, 2025 31, 2024 Net income (loss) $ (85,473) $ (67,169) $ (226,552) $ (114,311) Interest expense, net 6,073 3,946 39,704 13,483 Adjusted EBITDA Income tax e
Slide 28: Supplemental Non-GAAP Information
Appendix SUPPLEMENTAL NON-GAAP INFORMATION i. Redwire incurred acquisition costs including due diligence, integration costs and Three Months Ended additional expenses related to pre-acquisition activity. (in thousands) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 ii. Redwire adjusted inventory related to
Slide 29: Supplemental Non-GAAP Information
Appendix SUPPLEMENTAL NON-GAAP INFORMATION Three Months Ended Year Ended December 31, December 31, December 31, December 31, (in thousands) 2025 2024 2025 2024 Net cash provided by (used in) operating activities $ (24,262) $ 7,064 $ (177,331) $ (17,348) Free Cash Flow Less: Capital expenditures (5,8
Slide 30: Key Performance Indicators
Appendix KEY PERFORMANCE INDICATORS December 31, December 31, (in thousands) 2025 2024 Contracted Backlog Organic backlog, beginning balance $ 296,652 $ 372,790 We view growth in backlog as a key measure of our business growth. Contracted backlog Organic additions during the period 257,318 229,789 r
Slide 31: Key Performance Indicators
Appendix KEY PERFORMANCE INDICATORS Three Months Ended Last Twelve Months Ended (in thousands, except December 31, December 31, December 31, December 31, ratio) 2025 2024 2025 2024 Contracts awarded Space $ 110,861 $ 31,010 $ 237,761 $ 184,370 Book-to-Bill Ratio Defense Tech 54,010 4,738 203,717 45,