Equity-Based Compensation (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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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 |
$15.36 |
Time to exit |
1.52 to 2.52 years |
| Expected volatility |
94.00% to 89.30% |
| Risk-free rate of return |
3.88% to 3.78% |
| Expected annual dividend yield |
— |
% |
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| Schedule of Option Activity |
The table below presents the activity of stock options under the Plan:
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Number of Options |
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Weighted-Average Grant Date Fair Value per Share |
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Weighted-Average Exercise Price per Share |
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Weighted-Average Remaining Contractual Term (Years) |
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Outstanding as of December 31, 2025 |
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1,729,272 |
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$ |
2.65 |
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$ |
6.99 |
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6.04 |
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| Exercised |
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(415,496) |
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2.67 |
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7.17 |
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Outstanding as of June 30, 2026 |
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1,313,776 |
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$ |
2.64 |
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$ |
6.93 |
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5.55 |
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| Schedule of Performance Stock Units and Restricted Stock Units Activity |
The table below presents the activity of 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, 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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| Forfeited |
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(37,848) |
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15.51 |
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Outstanding as of June 30, 2026 |
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1,012,209 |
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$ |
18.45 |
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0.8 |
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$ |
12,379 |
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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, 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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| Granted |
179,621 |
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13.09 |
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| Vested |
(70,812) |
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12.71 |
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| Forfeited |
(73,230) |
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9.29 |
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Unvested as of June 30, 2026 |
2,003,390 |
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$ |
13.50 |
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0.7 |
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$ |
24,501 |
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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, 2026 |
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June 30, 2025 |
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June 30, 2026 |
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June 30, 2025 |
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| Cost of sales |
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Edge Incentive Units |
$ |
— |
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$ |
— |
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$ |
474 |
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$ |
— |
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ESPP |
295 |
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108 |
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347 |
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216 |
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Restricted stock units |
639 |
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519 |
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919 |
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894 |
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Performance-based restricted stock units |
47 |
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22 |
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47 |
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43 |
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| Total cost of sales |
$ |
981 |
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$ |
649 |
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$ |
1,787 |
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$ |
1,153 |
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| Selling, general and administrative expenses |
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Edge Incentive Units |
$ |
— |
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$ |
29,627 |
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$ |
42,057 |
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$ |
29,627 |
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ESPP |
93 |
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32 |
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154 |
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91 |
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Stock options |
— |
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114 |
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— |
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226 |
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Restricted stock units |
1,744 |
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1,045 |
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3,780 |
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2,070 |
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Performance-based restricted stock units |
1,082 |
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1,219 |
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2,857 |
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2,431 |
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| Total selling, general and administrative expenses |
$ |
2,919 |
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$ |
32,037 |
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$ |
48,848 |
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$ |
34,445 |
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| Total equity-based compensation expense |
$ |
3,900 |
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$ |
32,686 |
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$ |
50,635 |
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$ |
35,598 |
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