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BBAI logoBigBear.ai Holdings, Inc.(BBAI)Earnings, Financials & Key Ratios

BBAI•NYSE
$4.14
$19.58B mkt cap·Price updated May 6, 2026
SectorTechnologyIndustryIT ServicesSub-IndustryGovernment and Defense IT Services
AboutBigBear.ai Holdings, Inc. provides artificial intelligence and machine learning for decision support. The company operates through two segments, Cyber & Engineering and Analytics. The Cyber & Engineering segment offers high-end technology and management consulting services. It focuses in the areas of cloud engineering and enterprise IT, cybersecurity, computer network operations and wireless, systems engineering, and strategy and program planning. The Analytics segment provides high-end technology and consulting services. This segment focuses on the areas of big data computing and analytical solutions, including predictive and prescriptive analytics solutions. Its solutions assist customers in aggregating, interpreting, and synthesizing data to enable real-time decision-making capabilities. The company is headquartered in Columbia, Maryland.Show more
  • Revenue$128M-19.3%
  • EBITDA-$68M+44.0%
  • Net Income-$294M+0.6%
  • EPS (Diluted)-0.82+35.4%
  • Gross Margin22.31%-21.9%
  • EBITDA Margin-53.36%+30.5%
  • Operating Margin-65.33%+22.5%
  • Net Margin-230.21%-23.3%
  • ROE-96.66%
  • ROIC-19.5%+81.2%
  • Debt/Equity0.04
  • Interest Coverage-15.22-44.5%
Analysis→Technical→

BBAI Key Insights

BigBear.ai Holdings, Inc. (BBAI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free

✗Weaknesses

  • ✗Profits declining 158.4% over 5 years
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 100.0% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Expensive at 24.3x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

BBAI Price & Volume

BigBear.ai Holdings, Inc. (BBAI) stock price & volume — 10-year historical chart

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BBAI Growth Metrics

BigBear.ai Holdings, Inc. (BBAI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years6.93%
3 Years-6.26%
TTM-20.34%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-22.8%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM7.22%

Return on Capital

10 Years-24.44%
5 Years-44.3%
3 Years-48.18%
Last Year-19.63%

BBAI Recent Earnings

BigBear.ai Holdings, Inc. (BBAI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 1/12 qtrs (8%)
Q2 2026Latest
Mar 2, 2026
EPS
$0.04
Est $0.05
+20.0%
Revenue
$27M
Est $33M
-18.1%
Q4 2025
Nov 10, 2025
EPS
$0.07
Est $0.06
-16.7%
Revenue
$33M
Est $33M
-0.5%
Q3 2025
Aug 11, 2025
EPS
$0.06
Est $0.07
+14.3%
Revenue
$32M
Est $40M
-19.6%
Q2 2025
May 1, 2025
EPS
$0.10
Est $0.06
-66.7%
Revenue
$35M
Est $36M
-4.2%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMar 2, 2026
$0.04vs $0.05+20.0%
$27Mvs $33M-18.1%
Q4 2025Nov 10, 2025
$0.07vs $0.06-16.7%
$33Mvs $33M-0.5%
Q3 2025Aug 11, 2025
$0.06vs $0.07+14.3%
$32Mvs $40M-19.6%
Q2 2025May 1, 2025
$0.10vs $0.06-66.7%
$35Mvs $36M-4.2%
Based on last 12 quarters of dataView full earnings history →

BBAI Peer Comparison

BigBear.ai Holdings, Inc. (BBAI) competitors in Government and Defense IT Services — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
PLTR logoPLTRPalantir Technologies Inc.Direct Competitor311.44B135.91215.7356.18%43.67%31.73%0.67%0.03
KTOS logoKTOSKratos Defense & Security Solutions, Inc.Direct Competitor10.02B59.31456.2318.52%1.63%1.1%0.09
SPIR logoSPIRSpire Global, Inc.Direct Competitor541.04B16.4610.22-35.22%-349.6%-88.38%0.08
AIOT logoAIOTPowerFleet, Inc.Direct Competitor453.23M3.33-7.74-7.4%-6.64%0.64
GOVX logoGOVXGeoVax Labs, Inc.Direct Competitor1.39M1.45-0.06-37.06%-8.62%-0%0.22
SAIC logoSAICScience Applications International CorporationProduct Competitor4.3B95.5912.41-2.9%4.93%23.73%13.41%0.14
CACI logoCACICACI International IncProduct Competitor10.91B494.0422.1312.64%5.86%13.15%4.41%0.86
LDOS logoLDOSLeidos Holdings, Inc.Product Competitor17.34B137.1912.333.07%8.2%28.87%9.37%1.19

Compare BBAI vs Peers

BigBear.ai Holdings, Inc. (BBAI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PLTR

Most directly comparable listed peer for BBAI.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare BBAI against a more recognizable public peer.

Peer Set

Compare Top 5

vs PLTR, KTOS, SPIR, AIOT

BBAI Income Statement

BigBear.ai Holdings, Inc. (BBAI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue73.63M91.32M145.58M155.01M155.16M158.24M127.67M127.35M
Revenue Growth %-24.03%59.42%6.48%0.1%1.98%-19.32%-20.34%
Cost of Goods Sold56.13M69.63M111.51M112.02M114.56M113.02M99.19M94.54M
COGS % of Revenue76.24%76.25%76.6%72.26%73.83%71.42%77.69%-
Gross Profit
17.5M▲ 0%
21.68M▲ 23.9%
34.07M▲ 57.1%
42.99M▲ 26.2%
40.6M▼ 5.6%
45.22M▲ 11.4%
28.48M▼ 37.0%
32.81M▲ 0%
Gross Margin %23.76%23.75%23.4%27.74%26.17%28.58%22.31%25.76%
Gross Profit Growth %-23.94%57.1%26.2%-5.56%11.38%-37.02%-
Operating Expenses11.11M26.25M112.54M153.52M79.64M178.64M111.88M119.74M
OpEx % of Revenue15.1%28.74%77.31%99.04%51.32%112.89%87.63%-
Selling, General & Admin11M15.54M106.51M90.52M65.78M80.04M95.13M101.63M
SG&A % of Revenue14.95%17.02%73.16%58.4%42.4%50.58%74.51%-
Research & Development110K615K6.03M8.39M5.04M10.86M16.75M18.12M
R&D % of Revenue0.15%0.67%4.14%5.41%3.25%6.87%13.12%-
Other Operating Expenses010.09M054.6M8.82M87.74M00
Operating Income
6.38M▲ 0%
-4.56M▼ 171.5%
-78.47M▼ 1620.1%
-110.53M▼ 40.8%
-39.03M▲ 64.7%
-133.42M▼ 241.8%
-83.41M▲ 37.5%
-86.93M▲ 0%
Operating Margin %8.67%-5%-53.9%-71.3%-25.16%-84.32%-65.33%-68.26%
Operating Income Growth %--171.48%-1620.12%-40.85%64.68%-241.8%37.49%-
EBITDA6.43M-3.48M-71.21M-102.77M-31.13M-121.55M-68.13M-75.12M
EBITDA Margin %8.74%-3.81%-48.92%-66.3%-20.06%-76.81%-53.36%-58.99%
EBITDA Growth %--154.14%-1945.09%-44.32%69.71%-290.41%43.95%-828.35%
D&A (Non-Cash Add-back)50K1.08M7.26M7.76M7.9M11.87M15.28M11.81M
EBIT6.38M5.53M-114.71M-55.92M-30.22M-270.16M-275.8M-218.95M
Net Interest Income-127K0-7.76M-14.44M-14.2M-25.65M-4.86M253K
Interest Income00000013.25M9.47M
Interest Expense127K07.76M14.44M14.2M25.65M18.12M13.32M
Other Income/Expense-127K4.64M-44M1.04M-31.4M-162.38M-232.23M-202.43M
Pretax Income
6.25M▲ 0%
81K▼ 98.7%
-122.47M▼ 151296.9%
-109.48M▲ 10.6%
-70.44M▲ 35.7%
-295.8M▼ 320.0%
-315.64M▼ 6.7%
-288.7M▲ 0%
Pretax Margin %8.5%0.09%-84.13%-70.63%-45.39%-186.94%-247.22%-226.7%
Income Tax9K2.63M1.08M1.88M222K-256K-21.72M-11K
Effective Tax Rate %0.14%3246.95%-0.89%-1.72%-0.32%0.09%6.88%0%
Net Income
6.25M▲ 0%
-2.55M▼ 140.8%
-123.55M▼ 4747.1%
-111.37M▲ 9.9%
-70.66M▲ 36.6%
-295.55M▼ 318.3%
-293.91M▲ 0.6%
-288.69M▲ 0%
Net Margin %8.48%-2.79%-84.87%-71.84%-45.54%-186.78%-230.21%-226.69%
Net Income Growth %--140.81%-4747.08%9.86%36.55%-318.28%0.55%-22.8%
Net Income (Continuing)6.25M-2.55M-123.55M-111.37M-70.66M-295.55M-293.91M-288.69M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)
0.06▲ 0%
0.00▼ 100.0%
-1.15▲ 0%
-0.95▲ 17.4%
-0.40▲ 57.9%
-1.27▼ 217.5%
-0.82▲ 35.4%
-0.06▲ 0%
EPS Growth %--100%-17.39%57.89%-217.5%35.43%7.22%
EPS (Basic)0.060.00-1.15-0.95-0.40-1.27-0.82-
Diluted Shares Outstanding105M105M107.01M127.7M149.23M233.6M3.59B4.73B
Basic Shares Outstanding105M105M107.01M127.7M149.23M233.6M358.8M473.06M
Dividend Payout Ratio13.43%-------

BBAI Balance Sheet

BigBear.ai Holdings, Inc. (BBAI) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets15.75M34.35M206.18M54.34M63.78M93.76M330.54M394.01M
Cash & Short-Term Investments1.64M9.7M68.9M12.63M32.56M50.14M87.13M100.7M
Cash Only1.64M9.7M68.9M12.63M32.56M50.14M87.13M100.7M
Short-Term Investments00000000
Accounts Receivable13.8M24M29.23M31.4M26.77M39.85M22.7M22.81M
Days Sales Outstanding68.495.9373.2973.9462.9791.9264.9172.44
Inventory00101.02M00000
Days Inventory Outstanding--330.67-----
Other Current Assets00546K3.6M00220.71M270.5M
Total Non-Current Assets197K184.02M177.14M140.97M136.13M250.02M564M467.65M
Property, Plant & Equipment149K863K1.08M6.07M5.04M10.83M8.63M8.57M
Fixed Asset Turnover494.13x105.81x135.04x25.53x30.80x14.61x14.80x14.15x
Goodwill091.27M91.64M48.68M48.68M119.08M241.1M238.74M
Intangible Assets090.5M83.65M85.69M82.04M119.12M139.47M137.42M
Long-Term Investments000000173.95M384.8M
Other Non-Current Assets48K593K780K483K372K990K860K4.03M
Total Assets
15.95M▲ 0%
218.37M▲ 1269.2%
383.32M▲ 75.5%
195.31M▼ 49.0%
199.91M▲ 2.4%
343.78M▲ 72.0%
894.55M▲ 160.2%
861.66M▲ 0%
Asset Turnover4.62x0.42x0.38x0.79x0.78x0.46x0.14x0.16x
Asset Growth %-1269.23%75.54%-49.05%2.36%71.97%160.21%503.5%
Total Current Liabilities4.25M12.05M70.02M35.76M68.62M202.97M185.52M64.76M
Accounts Payable1.08M2.73M5.47M15.42M11.04M8.46M6.09M4.23M
Days Payables Outstanding7.0214.3217.9250.2535.1727.3122.418.67
Short-Term Debt01.1M4.23M2.06M1.23M818K17.66M17.61M
Deferred Revenue (Current)0541K4.21M2.02M879K007.97M
Other Current Liabilities120K413K45.37M2.08M44.58M192.63M161.78M47.15M
Current Ratio3.70x2.85x2.94x1.52x0.93x0.46x1.78x1.78x
Quick Ratio3.70x2.85x1.50x1.52x0.93x0.46x1.78x1.78x
Cash Conversion Cycle--386.04----53.78
Total Non-Current Liabilities19K105.91M190.94M197.42M198.62M144.52M97.16M6.5M
Long-Term Debt0105.89M190.36M192.32M194.27M135.4M6.67M6.5M
Capital Lease Obligations0005.09M4.31M9.12M015.46M
Deferred Tax Liabilities19K0248K037K000
Other Non-Current Liabilities019K324K10K0090.48M90.48M
Total Liabilities4.27M117.97M260.95M233.18M267.25M347.49M282.68M71.26M
Total Debt0106.99M194.6M200.28M200.59M146.41M24.33M24.11M
Net Debt-1.64M97.29M125.7M187.64M168.04M96.27M-62.8M-76.59M
Debt / Equity-1.07x1.59x---0.04x0.04x
Debt / EBITDA--------0.32x
Net Debt / EBITDA-0.26x------1.02x
Interest Coverage50.25x--14.78x-3.87x-2.13x-10.53x-15.22x-16.44x
Total Equity
11.68M▲ 0%
100.4M▲ 759.9%
122.37M▲ 21.9%
-37.87M▼ 130.9%
-67.33M▼ 77.8%
-3.71M▲ 94.5%
611.87M▲ 16574.7%
790.4M▲ 0%
Equity Growth %-759.93%21.88%-130.95%-77.8%94.48%16574.69%17553.43%
Book Value per Share0.110.961.14-0.30-0.45-0.020.170.17
Total Shareholders' Equity11.68M100.4M122.37M-37.87M-67.33M-3.71M611.87M790.4M
Common Stock5M108.23M14K14K17K26K46K49K
Retained Earnings6.68M-7.84M-131.39M-253.06M-313.43M-571.64M-865.55M-922.32M
Treasury Stock000-57.35M-57.35M-57.35M00
Accumulated OCI00000121K-63K-763K
Minority Interest00000000

BBAI Cash Flow Statement

BigBear.ai Holdings, Inc. (BBAI) cash flow — operating, investing & free cash flow history

Line itemDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations4.12M1.2M-19.78M-48.92M-18.31M-38.12M-41.95M-41.95M
Operating CF Margin %5.6%1.31%-13.59%-31.56%-11.8%-24.09%-32.86%-
Operating CF Growth %--70.93%-1751.25%-147.29%62.58%-108.22%-10.05%-577.93%
Net Income6.25M-2.55M-123.55M-111.37M-70.66M-295.55M-293.91M-288.69M
Depreciation & Amortization50K1.1M7.26M7.76M7.9M11.87M15.28M18.89M
Stock-Based Compensation104K80K60.62M10.87M18.67M21.13M23.33M19.35M
Deferred Taxes001.04M-1.92M-235K-328K-21.66M-21.66M
Other Non-Cash Items-351K-1.4M36.93M45.24M22.4M238.31M230.05M219.22M
Working Capital Changes-1.93M3.97M-2.08M505K3.61M-13.55M4.96M-405K
Change in Receivables-2.62M2.39M-5.23M-1.08M2.89M-7.83M17.91M11.24M
Change in Inventory00000000
Change in Payables002.74M9.94M-4.38M-4.03M-5.7M-3.52M
Cash from Investing-18K-184.99M-863K-5.23M-3.83M2.82M-606.68M-572.34M
Capital Expenditures-18K-276K-645K-769K-2K-484K-525K-764K
CapEx % of Revenue0.02%0.3%0.44%0.5%0%0.31%0.41%-
Acquisitions0-184.71M-224K-4.46M013.94M-229.03M-239.21M
Investments--------
Other Investing006K0-3.83M-10.63M-2.88M-259.69M
Cash from Financing-2.84M192.22M180.86M-103.14M42.06M52.46M691.31M624.59M
Debt Issued (Net)0107.25M94.23M-2.17M-830K-412K-818K-452K
Equity Issued (Net)000-100.9M44.28M0698.96M623.04M
Dividends Paid-839K-9.77M000000
Share Repurchases000-100.9M-5.72M000
Other Financing-2M94.74M86.63M-67K-1.38M52.87M-6.82M2M
Net Change in Cash
1.26M▲ 0%
8.42M▲ 566.5%
160.22M▲ 1801.9%
-157.29M▼ 198.2%
19.93M▲ 112.7%
17.58M▼ 11.7%
42.51M▲ 141.7%
-904K▲ 0%
Free Cash Flow
4.1M▲ 0%
922K▼ 77.5%
-20.42M▼ 2314.9%
-49.69M▼ 143.3%
-22.14M▲ 55.4%
-49.23M▼ 122.4%
-42.48M▲ 13.7%
-56.35M▲ 0%
FCF Margin %5.57%1.01%-14.03%-32.05%-14.27%-31.11%-33.27%-44.25%
FCF Growth %--77.53%-2314.86%-143.31%55.45%-122.4%13.72%-47.36%
FCF per Share0.040.01-0.19-0.39-0.15-0.21-0.01-0.01
FCF Conversion (FCF/Net Income)0.66x-0.47x0.16x0.44x0.26x0.13x0.14x0.20x
Interest Paid127K384K6.24M12.41M12.19M12.55M02.3M
Taxes Paid0068K9K0000

BBAI Key Ratios

BigBear.ai Holdings, Inc. (BBAI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric202020212022202320242025TTM
Return on Equity (ROE)-4.55%-110.93%-263.6%---96.66%-50.67%
Return on Invested Capital (ROIC)-3.29%-26.41%-41.67%-23.38%-103.56%-19.5%-19.5%
Gross Margin23.75%23.4%27.74%26.17%28.58%22.31%25.76%
Net Margin-2.79%-84.87%-71.84%-45.54%-186.78%-230.21%-226.69%
Debt / Equity1.07x1.59x---0.04x0.04x
Interest Coverage--14.78x-3.87x-2.13x-10.53x-15.22x-16.44x
FCF Conversion-0.47x0.16x0.44x0.26x0.13x0.14x0.20x
Revenue Growth24.03%59.42%6.48%0.1%1.98%-19.32%-20.34%

BBAI SEC Filings & Documents

BigBear.ai Holdings, Inc. (BBAI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Apr 22, 2026·SEC

Material company update

Mar 2, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 2, 2026·SEC

FY 2025

Mar 25, 2025·SEC

10-Q Quarterly Reports

4
FY 2026

May 5, 2026·SEC

FY 2025

Nov 10, 2025·SEC

FY 2025

Aug 11, 2025·SEC

BBAI Frequently Asked Questions

BigBear.ai Holdings, Inc. (BBAI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

BigBear.ai Holdings, Inc. (BBAI) reported $127.3M in revenue for fiscal year 2025. This represents a 73% increase from $73.6M in 2019.

BigBear.ai Holdings, Inc. (BBAI) saw revenue decline by 19.3% over the past year.

BigBear.ai Holdings, Inc. (BBAI) reported a net loss of $288.7M for fiscal year 2025.

Dividend & Returns

BigBear.ai Holdings, Inc. (BBAI) has a return on equity (ROE) of -96.7%. Negative ROE indicates the company is unprofitable.

BigBear.ai Holdings, Inc. (BBAI) had negative free cash flow of $56.4M in fiscal year 2025, likely due to heavy capital investments.

Explore More BBAI

BigBear.ai Holdings, Inc. (BBAI) financial analysis — history, returns, DCA and operating performance tools

Full BBAI Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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