Quarterly report [Sections 13 or 15(d)]

Business Combinations (Tables)

v3.25.3
Business Combinations (Tables)
 9 Months Ended
Sep. 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 
Equity holdback
 5,000 
Payable to Seller
 2,171 
Less: Working capital adjustment
 5,000 
Purchase consideration
 $ 1,024,732 
Assets:
Cash
 $ 8,209 
Accounts receivable and other receivable
 10,716 
Contract assets
 69 
Inventory 61,378 
Prepaid expenses and other current assets 6,614 
Property, plant and equipment
 26,271 
Right-of-use assets 14,822 
Intangible assets
 298,100 
Total assets
 426,179 
Liabilities:
Accounts payable
 5,627 
Accrued expenses
 11,910 
Deferred revenue
 26,111 
Other current liabilities
 938 
Long-term operating lease liabilities 14,973 
Deferred tax liabilities 62,193 
Other non-current liabilities 1,019 
Total liabilities
 122,771 
Fair value of net identifiable assets acquired
 303,408 
Goodwill
 $ 721,324 
(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
 $ 15,400  8
Technology 264,800  13
Trade name and trademark
 17,900  8
Total intangible assets
 $ 298,100 
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 Months Ended Nine Months Ended
  September 30, 2025 September 30, 2025
Post-acquisition revenues
 $ 49,513  $ 55,459 
Net income (loss) attributable to Redwire Corporation (26,297) (61,215)
The table below presents the pro forma combined results of operations for the Company for the three and nine months ended September 30, 2025 and 2024, as though the acquisition of Edge Autonomy had been completed as of January 1, 2024.
Three Months Ended Nine Months Ended
September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024
Revenues
 $ 103,432  $ 113,622  $ 313,629  $ 374,932 
Net income (loss) attributable to Redwire Corporation $ (30,527) $ (43,876) (96,739) (164,657)