RDW
Redwire Corporation
RDW has the edge over SPCE overall, supported by stronger fundamentals and stronger modeled upside.
SPCE
Virgin Galactic Holdings, Inc.
SPCE has slightly lower modeled downside risk, despite its lower overall score.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
SPCE Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| Under pressure | |
| Unavailable |
SPCE's revenue, profitability and cash flow are currently under pressure. There isn't enough data to rate its balance sheet.
RDW PE Valuation
RDW has no meaningful PE right now: it lost money over the past year.
SPCE PE Valuation
SPCE has no meaningful PE right now: it lost money over the past year.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
SPCE Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| High |
Analysts expect SPCE's losses to shrink, with revenue growing.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
SPCE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.20 | +$9.36 |
| Q2 2026 | -$2.90 | +$10.23 |
| Q1 2026 | -$3.87 | +$12.15 |
| Q4 2025 | -$5.44 | +$13.20 |
| Q3 2025 | -$11.56 | +$4.06 |
| Q2 2025 | -$13.13 | +$5.43 |
| Q1 2025 | -$16.02 | +$7.38 |
| Q4 2024 | -$18.64 | +$11.16 |
SPCE has the edge over RDW on earnings, with more consistent year-over-year improvement.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW has the edge over SPCE on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW has the edge over SPCE on profitability, with a higher operating margin.
SPCE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $427K | +17% |
| Q2 2026 | $134K | -67% |
| Q1 2026 | $227K | -51% |
| Q4 2025 | $312K | -27% |
| Q3 2025 | $365K | -9.2% |
| Q2 2025 | $406K | -90% |
| Q1 2025 | $461K | -77% |
| Q4 2024 | $429K | -85% |
SPCE's revenue is recovering but still below its 2024 peak: $427,000 last quarter, up 17% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -13816% | +4312 points |
| Q2 2026 | -48452% | -31225 points |
| Q1 2026 | -28895% | -9709 points |
| Q4 2025 | -19483% | -380 points |
| Q3 2025 | -18128% | +2203 points |
| Q2 2025 | -17227% | -14815 points |
| Q1 2025 | -19186% | -13586 points |
| Q4 2024 | -19103% | -15035 points |
SPCE's operating margin was −13816% last quarter, up 4312 points from the same quarter a year ago.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
SPCE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$99.1M | +$8.6M |
| Q2 2026 | -$90.7M | +$23.1M |
| Q1 2026 | -$93.3M | +$28.7M |
| Q4 2025 | -$94.6M | +$22.1M |
| Q3 2025 | -$107.8M | +$10.2M |
| Q2 2025 | -$113.8M | -$260K |
| Q1 2025 | -$122M | +$4.3M |
| Q4 2024 | -$116.7M | -$3.1M |
SPCE has the edge over RDW on cash flow, with more consistent year-over-year improvement.
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has the edge over SPCE on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
SPCE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +37% | +40.8M shares |
| 1 year | +232% | +106M shares |
| 3 years | +989% | +138M shares |
| 5 years | +1195% | +140M shares |
| Available history | +1460% | +142M shares |
SPCE has 152M diluted shares, up 232% from a year ago.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
SPCE Net Leverage
SPCE's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
SPCE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.1 | Neutral |
| Stochastic | 33.7 | Neutral |
SPCE's weekly RSI is 46 (neutral) and its Stochastic is 34 (neutral).
RDW PE vs Industrials Sector
RDW has no meaningful PE right now: it lost money over the past year.
SPCE PE vs Industrials Sector
SPCE has no meaningful PE right now: it lost money over the past year.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below its 200-week average.
SPCE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2.75 | 2.9% below |
| 20 week MA | $2.82 | 5.3% below |
| 50 week MA | $2.99 | 11% below |
| 100 week MA | $3.38 | 21% below |
| 200 week MA | $23.0 | 88% below |
SPCE is in a downtrend: it's below all five of its weekly moving averages, and 88% below its 200-week average.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW has the edge over SPCE on returns for 2026, with the stronger performance.
SPCE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $231.2 | $517.0 | +124% |
| 2021 | $517.0 | $290.6 | -44% |
| 2022 | $290.6 | $73.0 | -75% |
| 2023 | $73.0 | $49.0 | -33% |
| 2024 | $49.0 | $6.38 | -87% |
| 2025 | $6.38 | $3.16 | -50% |
| 2026 YTD | $3.16 | $2.67 | -16% |
SPCE has finished five years in a row lower, and it's down 16% so far in 2026.