Quarterly report [Sections 13 or 15(d)]

Business Combinations (Tables)

v3.25.2
Business Combinations (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Assets Acquired and Liabilities Assumed as of the Acquisition
The following table summarizes the fair value of the consideration transferred and the estimated fair values of the major classes of assets acquired and liabilities assumed as of the acquisition date.
June 13, 2025
Cash consideration
 $ 160,000 
Fair value of common stock issued(1)
862,561 
Payable to the seller
 7,171 
Purchase consideration
 $ 1,029,732 
Assets:
Cash
 $ 8,209 
Accounts receivable and other receivable
 10,717 
Inventory 57,536 
Prepaid expenses and other current assets 6,303 
Property, plant and equipment
 26,207 
Right-of-use assets 14,822 
Intangible assets
 332,400 
Other non-current assets
 254 
Total assets
 456,448 
Liabilities:
Accounts payable
 5,598 
Accrued expenses
 16,130 
Deferred revenue
 26,111 
Other current liabilities
 19 
Long-term operating lease liabilities 14,973 
Deferred tax liabilities 72,347 
Other non-current liabilities 1,019 
Total liabilities
 136,197 
Fair value of net identifiable assets acquired
 320,251 
Goodwill
 $ 709,481 
(1) Fair value of the common stock issued is based on the Company’s common stock closing price of $19.08 on the acquisition date, June 13, 2025, less the fair value of the Edge Incentive Units of $87.0 million. Refer to Note P – Equity-Based Compensation for additional information on the Edge Incentive Units.
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
The following table summarizes the intangible assets acquired by class:
June 13, 2025
Weighted average useful life
in years
Customer relationships
 $ 36,400  9
Technology 264,300  13
Trade name and trademark
 31,700  16
Total intangible assets
 $ 332,400 
Schedule of Pro Forma Information The table below presents the revenues and net income (loss) of Edge Autonomy included in the condensed consolidated statements of operations and comprehensive income (loss) since the acquisition date, for the following periods:
Three and Six Months Ended
  June 30, 2025
Post-acquisition revenues
 $ 5,946 
Net income (loss) attributable to Redwire Corporation (34,918)
The table below presents the pro forma combined results of operations for the Company for the three and six months ended June 30, 2025 and 2024 as though the acquisition of Edge had been completed as of January 1, 2024.
Three Months Ended Six Months Ended
June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024
Revenues
 $ 113,444  $ 132,802  $ 210,197  $ 261,311 
Net income (loss) attributable to Redwire Corporation (68,545) $ (28,511) (79,894) (116,553)