Redwire Corporation (NYSE: RDW) shares plummeted 28.46% in Thursday's pre-market trading session following the release of its disappointing second-quarter 2025 financial results. The space infrastructure company's earnings report fell significantly short of analyst expectations, triggering a substantial selloff among investors.

Redwire reported a quarterly loss of $1.41 per share, missing the analyst consensus estimate of a $0.17 loss by a staggering 705.71%. This represents a substantial deterioration from the $0.42 loss per share reported in the same period last year. Revenue also disappointed, coming in at $61.76 million, which missed the analyst consensus estimate of $82.796 million by 25.41% and marked a 20.93% decrease from the $78.111 million reported in the previous year.

Adding to investor concerns, Redwire withdrew its 2025 Adjusted EBITDA forecast due to uncertain government contract timing. The company's net loss widened to $97 million, primarily due to acquisition costs. Furthermore, unfavorable EAC (Estimate at Completion) changes of $25.2 million in Q2 2025 negatively impacted revenue, gross profit, and net loss. These factors, combined with the disappointing financial results, have led to a significant reassessment of Redwire's near-term prospects and financial health by investors, resulting in the sharp decline in its stock price during pre-market trading.