Leases (Tables)

12 Months Ended

Dec. 31, 2025

The following table summarizes total lease costs for the period:



	Year Ended
		December 31, 2025		December 31, 2024		December 31, 2023
Finance lease cost:
Amortization of ROU assets		$	576	$	518	$	434
Interest on lease liabilities		118		122		$	98
Operating lease costs		8,343		4,637		$	4,251
Variable lease costs		66		48		$	29
Short-term lease costs		638		475		$	230
Total lease costs		$	9,741	$	5,800	$	5,042

The following table presents other supplemental information related to the Company’s leases:


	Year Ended
	December 31, 2025						December 31, 2024						December 31, 2023
	Operating Leases			Finance Leases			Operating Leases			Finance Leases			Operating Leases			Finance Leases
Cash paid for lease liabilities	$	8,543		$	690		$	2,460		$	601		$	4,273		$	492
ROU assets obtained in exchange for new lease liabilities	$	7,330		$	774		$	5,813		$	457		$	3,418		$	1,167

Weighted average remaining lease term (in years)	5.4			3.4			4.0			3.3			4.4			3.8
Weighted average discount rate	8.9		%	7.9		%	7.8		%	8.1		%	6.3		%	8.4		%

The following table presents supplemental balance sheet information related to the Company’s operating and finance leases:


	December 31, 2025				December 31, 2024
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Right-of-use assets, net reflected in the following balance sheet line items:
Property, plant and equipment, net	$	—	$	1,786	$	—	$	1,392
Right-of-use assets	31,741		—		15,277		—
Total right-of-use assets	$	31,741	$	1,786	$	15,277	$	1,392

Current lease balance reflected in the following balance sheet line items:
Short-term operating lease liabilities	$	4,088	$	—	$	4,354	$	—
Short-term finance lease liabilities	—		595		—		473

Non-current lease balance reflected in the following balance sheet line items:
Long-term operating lease liabilities	30,471		—		13,444		—
Long-term finance lease liabilities	—		1,276		—		980
Total lease liabilities	$	34,559	$	1,871	$	17,798	$	1,453

As of December 31, 2025, the future annual minimum lease payments for lease liabilities are as follows:



Year	Operating Leases		Finance Leases
2026	$	7,052	$	716
2027	8,120		624
2028	6,419		429
2029	5,265		237
2030	5,478		124
Thereafter	16,872		—
Total lease payments	49,206		2,130
Less: imputed interest	14,647		259
Present value of lease liabilities	$	34,559	$	1,871

Redwire Corp 10-K