Redwire Corp PP&E Disclosure
Estimated useful life in years | |||||
Computer equipment | 3 | ||||
Furniture and fixtures | 7 | ||||
Laboratory equipment | 3-15 | ||||
Vehicles | 5-7 | ||||
Leasehold improvements | shorter of 5 or lease term | ||||
| Assets subject to finance lease | lease term | ||||
| December 31, 2025 | December 31, 2024 | ||||||||||||||||||||||||||||||||||
North America | Europe | Total | North America | Europe | Total | ||||||||||||||||||||||||||||||
Computer equipment | $ | 4,025 | $ | 962 | $ | 4,987 | $ | 2,690 | $ | 695 | $ | 3,385 | |||||||||||||||||||||||
Furniture and fixtures | 2,610 | 1,334 | 3,944 | 1,409 | 36 | 1,445 | |||||||||||||||||||||||||||||
Machinery and Laboratory equipment | 29,496 | 5,503 | 34,999 | 6,879 | 728 | 7,607 | |||||||||||||||||||||||||||||
Leasehold improvements | 10,503 | 4,295 | 14,798 | 2,576 | 4,410 | 6,986 | |||||||||||||||||||||||||||||
Vehicles | 81 | — | 81 | 81 | — | 81 | |||||||||||||||||||||||||||||
| Finance lease ROU assets | — | 3,567 | 3,567 | — | 2,313 | 2,313 | |||||||||||||||||||||||||||||
| Construction in process | 1,010 | 371 | 1,381 | 5,648 | — | 5,648 | |||||||||||||||||||||||||||||
| Property, plant and equipment, gross | 47,725 | 16,032 | 63,757 | 19,283 | 8,182 | 27,465 | |||||||||||||||||||||||||||||
Less: accumulated depreciation | (11,498) | (3,060) | (14,558) | (6,147) | (3,481) | (9,628) | |||||||||||||||||||||||||||||
| Total property, plant and equipment, net | $ | 36,227 | $ | 12,972 | $ | 49,199 | $ | 13,136 | $ | 4,701 | $ | 17,837 | |||||||||||||||||||||||
| Year Ended | |||||||||||||||||
| December 31, 2025 | December 31, 2024 | December 31, 2023 | |||||||||||||||
Depreciation expense | $ | 7,849 | $ | 4,067 | $ | 3,512 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Mar 11, 2025 | |
| 2023 | Mar 20, 2024 | |
| 2022 | Mar 31, 2023 | |
| 2021 | Apr 11, 2022 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.