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

BBAI•NYSE
Price updated Jun 19, 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%

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 23.0x book value

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

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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
May 5, 2026
Metric
Actual
Est
EPS
$0.08+0.0%
$0.08
Rev
$34M+2.5%
$34M
Q2 2026
Mar 2, 2026
Metric
Actual
Est
EPS
$0.04+20.0%
$0.05
Rev
$27M-18.1%
$33M
Q4 2025
Nov 10, 2025
Metric
Actual
Est
EPS
$0.07-16.7%
$0.06
Rev
$33M-0.5%
$33M
Q3 2025
Aug 11, 2025
Metric
Actual
Est
EPS
$0.06+14.3%
$0.07
Rev
$32M-19.6%
$40M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$0.08vs $0.08+0.0%
$34Mvs $34M+2.5%
Q2 2026Mar 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%
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
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
PLTR logoPLTRPalantir Technologies Inc.Direct Competitor294.39B128.47203.9256.18%43.67%31.73%0.03
KTOS logoKTOSKratos Defense & Security Solutions, Inc.Direct Competitor10.17B54.2141718.52%2.08%1.26%0.09
SPIR logoSPIRSpire Global, Inc.Direct Competitor636.06M18.9712.73-35.22%76.44%0.21%0.12
AIOT logoAIOTPowerFleet, Inc.Direct Competitor534.04M3.98-26.5322.42%-4.63%-4.34%0.62
GOVX logoGOVXGeoVax Labs, Inc.Direct Competitor1.28M1.34-0.06-37.06%-25.07%-0%0.22
SAIC logoSAICScience Applications International CorporationProduct Competitor4.33B102.3913.30-2.9%5.55%27.22%1.80
CACI logoCACICACI International IncProduct Competitor10.3B466.4220.9012.64%5.86%13.15%0.86
LDOS logoLDOSLeidos Holdings, Inc.Product Competitor13.47B107.079.623.07%7.77%27.1%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
MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue
73.63M91.32M145.58M155.01M155.16M158.24M127.67M127.35M
Revenue Growth %
-24.03%59.42%6.48%0.1%1.98%-19.32%-20.34%
Cost of Goods Sold
56.13M69.63M111.51M112.02M114.56M113.02M99.19M94.54M
COGS % of Revenue
76.24%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 Expenses
11.11M26.25M112.54M153.52M79.64M178.64M111.88M119.74M
OpEx % of Revenue
15.1%28.74%77.31%99.04%51.32%112.89%87.63%-
Selling, General & Admin
11M15.54M106.51M90.52M65.78M80.04M95.13M101.63M
SG&A % of Revenue
14.95%17.02%73.16%58.4%42.4%50.58%74.51%-
Research & Development
110K615K6.03M8.39M5.04M10.86M16.75M18.12M
R&D % of Revenue
0.15%0.67%4.14%5.41%3.25%6.87%13.12%-
Other Operating Expenses
010.09M054.6M8.82M87.74M00
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%-
EBITDA
6.43M-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
EBIT
6.38M5.53M-114.71M-55.92M-30.22M-270.16M-275.8M-241.99M
Net Interest Income
-127K0-7.76M-14.44M-14.2M-25.65M-4.86M253K
Interest Income
00000013.25M9.47M
Interest Expense
127K07.76M14.44M14.2M25.65M18.12M13.32M
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 Tax
9K2.63M1.08M1.88M222K-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 Operations
00000000
Minority Interest
00000000
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 Outstanding
105M105M107.01M127.7M149.23M233.6M3.59B4.73B
Basic Shares Outstanding
105M105M107.01M127.7M149.23M233.6M358.8M473.06M
Dividend Payout Ratio
13.43%-------

BBAI Balance Sheet

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

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets
15.75M34.35M206.18M54.34M63.78M93.76M330.54M394.01M
Cash & Short-Term Investments
1.64M9.7M68.9M12.63M32.56M50.14M87.13M100.7M
Cash Only
1.64M9.7M68.9M12.63M32.56M50.14M87.13M100.7M
Short-Term Investments
00000000
Accounts Receivable
13.8M24M29.23M31.4M26.77M39.85M22.7M22.81M
Days Sales Outstanding
68.495.9373.2973.9462.9791.9264.9172.44
Inventory
00101.02M00000
Days Inventory Outstanding
--330.67-----
Other Current Assets
00546K3.6M00220.71M270.5M
Total Non-Current Assets
197K184.02M177.14M140.97M136.13M250.02M564M467.65M
Property, Plant & Equipment
149K863K1.08M6.07M5.04M10.83M8.63M8.57M
Fixed Asset Turnover
494.13x105.81x135.04x25.53x30.80x14.61x14.80x14.15x
Goodwill
091.27M91.64M48.68M48.68M119.08M241.1M238.74M
Intangible Assets
090.5M83.65M85.69M82.04M119.12M139.47M137.42M
Long-Term Investments
000000173.95M384.8M
Other Non-Current Assets
48K593K780K483K372K990K860K859K
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 Turnover
4.62x0.42x0.38x0.79x0.78x0.46x0.14x0.16x
Asset Growth %
-1269.23%75.54%-49.05%2.36%71.97%160.21%503.5%
Total Current Liabilities
4.25M12.05M70.02M35.76M68.62M202.97M185.52M64.76M
Accounts Payable
1.08M2.73M5.47M15.42M11.04M8.46M6.09M4.23M
Days Payables Outstanding
7.0214.3217.9250.2535.1727.3122.418.67
Short-Term Debt
01.1M4.23M2.06M1.23M818K17.66M17.61M
Deferred Revenue (Current)
0541K4.21M2.02M879K007.97M
Other Current Liabilities
120K413K45.37M2.08M44.58M192.63M161.78M42.92M
Current Ratio
3.70x2.85x2.94x1.52x0.93x0.46x1.78x6.08x
Quick Ratio
3.70x2.85x1.50x1.52x0.93x0.46x1.78x6.08x
Cash Conversion Cycle
--386.04----53.78
Total Non-Current Liabilities
19K105.91M190.94M197.42M198.62M144.52M97.16M6.5M
Long-Term Debt
0105.89M190.36M192.32M194.27M135.4M6.67M6.5M
Capital Lease Obligations
0005.09M4.31M9.12M015.46M
Deferred Tax Liabilities
19K0248K037K000
Other Non-Current Liabilities
019K324K10K0090.48M0
Total Liabilities
4.27M117.97M260.95M233.18M267.25M347.49M282.68M71.26M
Total Debt
0106.99M194.6M200.28M200.59M146.41M24.33M24.11M
Net Debt
-1.64M97.29M125.7M187.64M168.04M96.27M-62.8M-76.59M
Debt / Equity
-1.07x1.59x---0.04x0.03x
Debt / EBITDA
--------0.32x
Net Debt / EBITDA
-0.26x------1.02x
Interest Coverage
50.25x--14.78x-3.87x-2.13x-10.53x-15.22x-18.17x
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 Share
0.110.961.14-0.30-0.45-0.020.170.17
Total Shareholders' Equity
11.68M100.4M122.37M-37.87M-67.33M-3.71M611.87M790.4M
Common Stock
5M108.23M14K14K17K26K46K49K
Retained Earnings
6.68M-7.84M-131.39M-253.06M-313.43M-571.64M-865.55M-922.32M
Treasury Stock
000-57.35M-57.35M-57.35M00
Accumulated OCI
00000121K-63K-763K
Minority Interest
00000000

BBAI Cash Flow Statement

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

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
4.12M1.2M-19.78M-48.92M-18.31M-38.12M-41.95M-53.29M
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 Income
6.25M-2.55M-123.55M-111.37M-70.66M-295.55M-293.91M-288.69M
Depreciation & Amortization
50K1.1M7.26M7.76M7.9M11.87M15.28M18.89M
Stock-Based Compensation
104K80K60.62M10.87M18.67M21.13M23.33M19.35M
Deferred Taxes
001.04M-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 Inventory
00000000
Change in Payables
002.74M9.94M-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 Revenue
0.02%0.3%0.44%0.5%0%0.31%0.41%0.6%
Acquisitions
0-184.71M-224K-4.46M013.94M-229.03M-239.21M
Investments
--------
Other Investing
006K0-3.83M-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 Repurchases
000-100.9M-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 Share
0.040.01-0.19-0.39-0.15-0.21-0.01-0.01
FCF Conversion (FCF/Net Income)
0.66x-0.47x0.16x0.44x0.26x0.13x0.14x0.20x
Interest Paid
127K384K6.24M12.41M12.19M12.55M02.3M
Taxes Paid
0068K9K0000

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%-17.19%
Gross Margin
23.75%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 / Equity
1.07x1.59x---0.04x0.03x
Interest Coverage
--14.78x-3.87x-2.13x-10.53x-15.22x-18.17x
FCF Conversion
-0.47x0.16x0.44x0.26x0.13x0.14x0.20x
Revenue Growth
24.03%59.42%6.48%0.1%1.98%-19.32%-20.34%
Related:BBAI Dividend History·BBAI Revenue History·BBAI Price History·BBAI P/E History·BBAI Financial Ratios·BBAI Institutional Holders

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.

What if you invested $1,000 in BBAI back in 2019?

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