Equity-Based Compensation (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions |
In connection with the amended Edge Incentive Unit Plan, the Company determined the weighted average fair value at the modification date of the Edge Incentive Units as $13.94 per unit using Black-Scholes OPM with the following assumptions:
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June 23, 2025 |
Strike price |
$1.00 to $7.71 |
Redwire common stock price |
$15.36 |
Time to exit |
1.52 to 2.52 years |
| Expected volatility |
94.00% to 89.30% |
| Risk-free rate of return |
3.88% to 3.78% |
| Expected annual dividend yield |
— |
% |
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| Schedule of Option Activity |
The table below presents the outstanding stock options under the Plan:
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Number of Options |
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Weighted-Average Grant Date Fair Value per Share |
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Weighted-Average Exercise Price per Share |
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Weighted-Average Remaining Contractual Term (Years) |
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Outstanding as of December 31,2024 |
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1,742,942 |
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$ |
2.64 |
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$ |
6.96 |
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7.04 |
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| Exercised |
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(13,670) |
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1.80 |
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3.13 |
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Outstanding as of June 30, 2025 |
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1,729,272 |
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$ |
2.65 |
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$ |
6.99 |
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6.55 |
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| Schedule of Restricted Stock Units Activity |
The table below presents the outstanding performance-based restricted stock units under the Plan:
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Number of PSUs |
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Weighted-Average Grant Date Fair Value per Share |
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Weighted-Average Remaining Contractual Term (in Years) |
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Aggregate Intrinsic Value |
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Outstanding as of December 31, 2024 |
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1,459,962 |
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$ |
8.48 |
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1.6 |
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$ |
24,031 |
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Outstanding as of June 30, 2025 |
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1,459,962 |
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$ |
8.48 |
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1.1 |
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$ |
23,797 |
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The table below presents the activity of restricted stock units under the Plan:
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Number of RSUs |
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Weighted-Average Grant Date Fair Value per Share |
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Weighted-Average Remaining Contractual Term (in Years) |
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Aggregate Intrinsic Value |
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Unvested as of December 31, 2024 |
2,441,971 |
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$ |
4.93 |
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1.1 |
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$ |
40,195 |
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| Granted |
70,812 |
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12.71 |
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| Vested |
(139,852) |
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4.60 |
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| Forfeited |
(43,163) |
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2.73 |
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Unvested as of June 30, 2025 |
2,329,768 |
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$ |
5.24 |
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0.7 |
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$ |
37,975 |
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| Schedule of Stock Compensation Expense |
The table below presents the equity-based compensation expense recorded for the following periods:
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Three Months Ended |
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Six Months Ended |
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June 30, 2025 |
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June 30, 2024 |
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June 30, 2025 |
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June 30, 2024 |
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| Cost of sales |
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ESPP |
$ |
108 |
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$ |
35 |
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$ |
216 |
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$ |
70 |
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Stock options |
— |
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6 |
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— |
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15 |
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Restricted stock units |
519 |
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511 |
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894 |
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1,117 |
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Performance-based restricted stock units |
22 |
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5 |
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43 |
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9 |
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| Total cost of sales |
$ |
649 |
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$ |
557 |
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$ |
1,153 |
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$ |
1,211 |
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| Selling, general and administrative expenses |
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Edge incentive units |
$ |
29,627 |
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$ |
— |
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$ |
29,627 |
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$ |
— |
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ESPP |
32 |
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22 |
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91 |
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46 |
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Stock options |
114 |
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317 |
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226 |
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729 |
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Restricted stock units |
1,045 |
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869 |
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2,070 |
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2,104 |
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Performance-based restricted stock units |
1,219 |
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153 |
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2,431 |
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363 |
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| Total selling, general and administrative expenses |
$ |
32,037 |
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$ |
1,361 |
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$ |
34,445 |
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$ |
3,242 |
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| Total equity-based compensation expense |
$ |
32,686 |
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$ |
1,918 |
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$ |
35,598 |
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$ |
4,453 |
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