Equity-Based Compensation (Tables)
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9 Months Ended |
Sep. 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 September 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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4.84 |
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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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2026 Grants |
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RDW |
RUTTR |
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| Initial share price |
$ |
9.03 |
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$ |
13,749.33 |
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| Valuation date stock price |
$ |
9.74 |
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$ |
16,350.02 |
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| Remaining term of performance period |
2.46 years |
2.46 years |
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| Expected volatility |
105.40 |
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21.60 |
% |
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| Risk-free rate of return |
4.16 |
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4.16 |
% |
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| Expected annual dividend yield |
— |
% |
— |
% |
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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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| Granted |
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1,017,422 |
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15.18 |
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| Forfeited |
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(64,632) |
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17.22 |
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Outstanding as of September 30, 2026 |
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2,002,847 |
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$ |
16.89 |
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1.4 |
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$ |
20,910 |
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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 |
1,710,058 |
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9.70 |
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| Vested |
(1,070,108) |
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8.56 |
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| Forfeited |
(178,743) |
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13.55 |
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Unvested as of September 30, 2026 |
2,429,018 |
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$ |
11.75 |
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1.5 |
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$ |
25,359 |
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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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Nine Months Ended |
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September 30, 2026 |
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September 30, 2025 |
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September 30, 2026 |
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September 30, 2025 |
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| Cost of sales |
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Edge Incentive Units |
$ |
— |
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$ |
413 |
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$ |
474 |
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$ |
413 |
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ESPP |
346 |
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159 |
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693 |
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375 |
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Restricted stock units |
714 |
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472 |
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1,633 |
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1,366 |
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Performance-based restricted stock units |
220 |
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43 |
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267 |
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86 |
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| Total cost of sales |
$ |
1,280 |
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$ |
1,087 |
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$ |
3,067 |
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$ |
2,240 |
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| Selling, general and administrative expenses |
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Edge Incentive Units |
$ |
— |
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$ |
6,984 |
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$ |
42,057 |
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$ |
36,611 |
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ESPP |
111 |
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120 |
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265 |
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211 |
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Stock options |
— |
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1 |
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— |
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227 |
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Restricted stock units |
2,407 |
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1,822 |
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6,187 |
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3,892 |
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Performance-based restricted stock units |
2,512 |
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1,979 |
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5,369 |
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4,410 |
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| Total selling, general and administrative expenses |
$ |
5,030 |
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$ |
10,906 |
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$ |
53,878 |
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$ |
45,351 |
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| Total equity-based compensation expense |
$ |
6,310 |
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$ |
11,993 |
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$ |
56,945 |
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$ |
47,591 |
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