Redwire Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Intangible Assets, net

Intangible Assets, net

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, net

Note G – Intangible Assets, net

The intangible assets gross carrying amount and accumulated amortization were as follows:



	December 31, 2025
	Gross carrying amount		Accumulated amortization		Net carrying amount		Weighted average useful life in years
Finite-lived intangible assets:
Customer relationships	$	47,380	$	(15,890)	$	31,490	16
Technology	293,695		(22,319)		271,376		13
Trademarks	21,072		(3,005)		18,067		8

Internal-use software licenses	17,054		(4,978)		12,076		6
In-process internal-use software	2,844		—		2,844
Indefinite-lived intangible assets:
Cosmos Tradename	300		—		300

Total intangible assets	$	382,345	$	(46,192)	$	336,153



	December 31, 2024
	Gross carrying amount		Accumulated amortization		Net carrying amount		Weighted average useful life in years
Finite-lived intangible assets:
Customer relationships	$	39,606	$	(8,403)	$	31,203	21
Technology	33,379		(12,351)		21,028		15
Trademarks	3,172		(2,050)		1,122		9
Internal-use software licenses	8,760		(3,116)		5,644		6
In-process internal-use software	2,491		—		2,491
Indefinite-lived intangible assets:
Cosmos Tradename	300		—		300

Total intangible assets	$	87,708	$	(25,920)	$	61,788

As disclosed in Note F – Property, Plant and Equipment, net, the Company identified triggering events indicating that certain recorded long-lived assets, including property, plant and equipment and finite-lived intangibles may be impaired. As a result, the Company performed a quantitative impairment assessment of asset groups within the Space Europe reporting unit as of October 1, 2025 and determined that the carrying value of one asset group was not recoverable based on entity-specific, undiscounted net cash flows. Accordingly, impairment expense was measured as the amount by which the carrying value of the asset groups exceeded their fair value as of the assessment date. The fair value of the asset group was determined using an income approach based on a discounted cash flow model, which resulted in an impairment of certain tangible and intangible assets recorded on the underlying asset group. Based on the results of the quantitative impairment test performed during 2025, the Company recognized impairment expense related to customer relationships and technology finite-lived intangible assets of $10.9 million.

There was no impairment recognized related to intangible assets during the years ended December 31, 2024 and 2023.

The table below presents the amortization expense related to intangible assets for the following periods:



	Year Ended
	December 31, 2025		December 31, 2024		December 31, 2023
Amortization expense	$	24,790	$	7,625	$	7,212

The table below presents the future amortization expense on intangible assets as of December 31, 2025:


Year	Total
2026	$	49,850
2027	53,524
2028	43,528
2029	37,701
2030	34,668
Thereafter	113,738
Total future amortization expense on intangible assets	$	333,009