Equity-Based Compensation (Tables)
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12 Months Ended |
Dec. 31, 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 December 31, 2025 |
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1,729,272 |
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$ |
2.65 |
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$ |
6.99 |
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6.04 |
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| Schedule of Monte-Carlo Simulation Following Assumptions |
The fair value of PSUs granted under the Plan was estimated on the grant date using a Monte Carlo simulation model with the following assumptions:
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2025 Grants |
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2024 Grants |
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2023 Grants |
Valuation date stock price |
$ |
17.50 |
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$ |
7.45 |
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$ |
2.63 |
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Remaining term of performance period |
2.46 years |
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2.47 years |
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2.49 years |
| Expected volatility |
88.80 |
% |
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71.50 |
% |
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81.00 |
% |
| Risk-free rate of return |
3.83 |
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4.34 |
% |
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4.70 |
% |
| Expected annual dividend yield |
— |
% |
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— |
% |
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— |
% |
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| Schedule of Restricted Stock Units Activity |
The table below presents the outstanding PSUs 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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| Granted |
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982,337 |
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11.21 |
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Vested |
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(1,272,194) |
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3.15 |
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| Forfeited |
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(120,048) |
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21.77 |
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Outstanding as of December 31, 2025 |
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1,050,057 |
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$ |
18.45 |
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1.3 |
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$ |
7,980 |
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The table below presents the activity of RSUs 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 |
1,025,085 |
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15.75 |
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| Vested |
(1,326,773) |
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4.56 |
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| Forfeited |
(172,472) |
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12.15 |
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Unvested as of December 31, 2025 |
1,967,811 |
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$ |
13.49 |
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1.1 |
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$ |
14,955 |
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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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Year Ended |
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December 31, 2025 |
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December 31, 2024 |
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December 31, 2023 |
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| Cost of sales |
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Edge Incentive Units |
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$ |
495 |
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$ |
— |
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$ |
— |
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ESPP |
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465 |
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237 |
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— |
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Stock options |
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— |
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15 |
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117 |
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Restricted stock units |
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1,720 |
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1,903 |
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2,540 |
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Performance-based restricted stock units |
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125 |
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43 |
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13 |
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| Total cost of sales |
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$ |
2,805 |
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$ |
2,198 |
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$ |
2,670 |
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| Selling, general and administrative expenses |
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Edge Incentive Units |
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$ |
43,925 |
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$ |
— |
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$ |
— |
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ESPP |
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275 |
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142 |
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— |
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Stock options |
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227 |
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1,155 |
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1,578 |
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Restricted stock units |
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5,843 |
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5,117 |
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3,982 |
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Performance-based restricted stock units |
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5,915 |
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2,714 |
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428 |
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| Total selling, general and administrative expenses |
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$ |
56,185 |
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$ |
9,128 |
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$ |
5,988 |
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| Total equity-based compensation expense |
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$ |
58,990 |
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$ |
11,326 |
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$ |
8,658 |
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