v3.26.1
Equity-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
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:
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— %
Schedule of Option Activity
The table below presents the activity of stock options under the Plan:
Number of OptionsWeighted-Average Grant Date Fair Value per ShareWeighted-Average Exercise Price per ShareWeighted-Average Remaining Contractual Term (Years)
Outstanding as of December 31, 2025
1,729,272 $2.65 $6.99 6.04
Exercised(415,496)2.67 7.17 
Outstanding as of June 30, 2026
1,313,776 $2.64 $6.93 5.55
Schedule of Performance Stock Units and Restricted Stock Units Activity
The table below presents the activity of PSUs under the Plan:
Number of PSUs
Weighted-Average Grant Date Fair Value per ShareWeighted-Average Remaining Contractual Term (in Years)Aggregate Intrinsic Value
Outstanding as of December 31, 2025
1,050,057 $18.45 1.3$7,980 
Forfeited(37,848)15.51 
Outstanding as of June 30, 2026
1,012,209 $18.45 0.8$12,379 
The table below presents the activity of RSUs under the Plan:
Number of RSUs
Weighted-Average Grant Date Fair Value per ShareWeighted-Average Remaining Contractual Term (in Years)Aggregate Intrinsic Value
Unvested as of December 31, 2025
1,967,811 $13.49 1.1$14,955 
Granted179,621 13.09 
Vested(70,812)12.71 
Forfeited(73,230)9.29 
Unvested as of June 30, 2026
2,003,390 $13.50 0.7$24,501 
Schedule of Stock Compensation Expense
The table below presents the equity-based compensation expense recorded for the following periods:
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Cost of sales
Edge Incentive Units
$— $— $474 $— 
ESPP
295 108 347 216 
Restricted stock units
639 519 919 894 
Performance-based restricted stock units
47 22 47 43 
Total cost of sales$981 $649 $1,787 $1,153 
Selling, general and administrative expenses
Edge Incentive Units
$— $29,627 $42,057 $29,627 
ESPP
93 32 154 91 
Stock options
— 114 — 226 
Restricted stock units
1,744 1,045 3,780 2,070 
Performance-based restricted stock units
1,082 1,219 2,857 2,431 
Total selling, general and administrative expenses$2,919 $32,037 $48,848 $34,445 
Total equity-based compensation expense$3,900 $32,686 $50,635 $35,598