BigBear.ai Holdings, Inc. (BBAI) 10-Year Financial Performance & Capital Metrics

BBAI • • Industrial / General

TechnologyIT ServicesCybersecurity & Defense SolutionsGovernment Cybersecurity

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 $158M +2.0%
EBITDA -$122M -290.4%
Net Income -$296M -318.3%
EPS (Diluted) -1.27 -217.5%
Gross Margin 28.58% +9.2%
EBITDA Margin -76.81% -282.8%
Operating Margin -84.32% -235.2%
Net Margin -186.78% -310.2%
ROE -
ROIC -103.56% -343.0%
Debt/Equity -
Interest Coverage -5.20 -89.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 16.5%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 56.5% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y16.53%

3Y2.82%

TTM-6.95%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-137.07%

EPS CAGR

10Y-

5Y-

3Y-

TTM-56.27%

ROCE

10Y Avg-25.25%

5Y Avg-41.21%

3Y Avg-57.22%

Latest-98.07%

Peer Comparison

Government Cybersecurity

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CACICACI International Inc	13.35B	604.57	27.09	12.64%	5.69%	12.53%	3.61%	0.86
LDOSLeidos Holdings, Inc.	25.05B	195.96	21.25	7.93%	8.11%	28.36%	4.96%	1.19
BBAIBigBear.ai Holdings, Inc.	2.66B	6.09	-4.80	1.98%	-301.37%	-71.24%
CTMCastellum, Inc.	97.45M	1.03	-5.72	-1.06%	-7.55%	-10.4%	1.15%	0.57
TLSTelos Corporation	429.25M	5.82	-7.97	-25.52%	-20.47%	-24.7%		0.08
WYYWidePoint Corporation	68.15M	6.89	-32.81	34.47%	-1.55%	-18.57%	2.29%	0.36

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	73.63M	91.32M	145.58M	155.01M	155.16M	158.24M
Revenue Growth %	-	0.24%	0.59%	0.06%	0%	0.02%
Cost of Goods Sold+	56.13M	69.63M	111.51M	112.02M	114.56M	113.02M
COGS % of Revenue	0.76%	0.76%	0.77%	0.72%	0.74%	0.71%
Gross Profit+	17.5M	21.68M	34.07M	42.99M	40.6M	45.22M
Gross Margin %	0.24%	0.24%	0.23%	0.28%	0.26%	0.29%
Gross Profit Growth %	-	0.24%	0.57%	0.26%	-0.06%	0.11%
Operating Expenses+	11.11M	26.25M	112.54M	153.52M	79.64M	178.64M
OpEx % of Revenue	0.15%	0.29%	0.77%	0.99%	0.51%	1.13%
Selling, General & Admin	11M	15.54M	106.51M	90.52M	65.78M	80.04M
SG&A % of Revenue	0.15%	0.17%	0.73%	0.58%	0.42%	0.51%
Research & Development	110K	615K	6.03M	8.39M	5.04M	10.86M
R&D % of Revenue	0%	0.01%	0.04%	0.05%	0.03%	0.07%
Other Operating Expenses	0	10.09M	0	54.6M	8.82M	87.74M
Operating Income+	6.38M	-4.56M	-78.47M	-110.53M	-39.03M	-133.42M
Operating Margin %	0.09%	-0.05%	-0.54%	-0.71%	-0.25%	-0.84%
Operating Income Growth %	-	-1.71%	-16.2%	-0.41%	0.65%	-2.42%
EBITDA+	6.43M	-3.48M	-71.21M	-102.77M	-31.13M	-121.55M
EBITDA Margin %	0.09%	-0.04%	-0.49%	-0.66%	-0.2%	-0.77%
EBITDA Growth %	-	-1.54%	-19.45%	-0.44%	0.7%	-2.9%
D&A (Non-Cash Add-back)	50K	1.08M	7.26M	7.76M	7.9M	11.87M
EBIT	6.38M	5.53M	-114.71M	-55.92M	-30.22M	-270.16M
Net Interest Income+	-127K	0	-7.76M	-14.44M	-14.2M	-25.65M
Interest Income	0	-	0	0	0	0
Interest Expense	127K	-	7.76M	14.44M	14.2M	25.65M
Other Income/Expense	-127K	4.64M	-44M	1.04M	-31.4M	-162.38M
Pretax Income+	6.25M	81K	-122.47M	-109.48M	-70.44M	-295.8M
Pretax Margin %	0.08%	0%	-0.84%	-0.71%	-0.45%	-1.87%
Income Tax+	9K	2.63M	1.08M	1.88M	222K	-256K
Effective Tax Rate %	1%	-31.47%	1.01%	1.02%	1%	1%
Net Income+	6.25M	-2.55M	-123.55M	-111.37M	-70.66M	-295.55M
Net Margin %	0.08%	-0.03%	-0.85%	-0.72%	-0.46%	-1.87%
Net Income Growth %	-	-1.41%	-47.47%	0.1%	0.37%	-3.18%
Net Income (Continuing)	6.25M	-2.55M	-123.55M	-111.37M	-70.66M	-295.55M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	0.06	-0.00	-1.15	-0.95	-0.40	-1.27
EPS Growth %	-	-1.01%	-	0.17%	0.58%	-2.17%
EPS (Basic)	0.06	-0.00	-1.15	-0.95	-0.40	-1.27
Diluted Shares Outstanding	105M	105M	107.01M	127.7M	149.23M	233.6M
Basic Shares Outstanding	105M	105M	107.01M	127.7M	149.23M	233.6M
Dividend Payout Ratio	0.13%	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	15.75M	34.35M	206.18M	54.34M	63.78M	93.76M
Cash & Short-Term Investments	1.64M	9.7M	68.9M	12.63M	32.56M	50.14M
Cash Only	1.64M	9.7M	68.9M	12.63M	32.56M	50.14M
Short-Term Investments	0	0	0	0	0	0
Accounts Receivable	13.8M	24M	29.23M	31.4M	26.77M	39.85M
Days Sales Outstanding	68.4	95.93	73.29	73.94	62.97	91.92
Inventory	0	0	101.02M	0	0	0
Days Inventory Outstanding	-	-	330.67	-	-	-
Other Current Assets	0	0	546K	3.6M	0	0
Total Non-Current Assets+	197K	184.02M	177.14M	140.97M	136.13M	250.02M
Property, Plant & Equipment	149K	863K	1.08M	6.07M	5.04M	10.83M
Fixed Asset Turnover	494.13x	105.81x	135.04x	25.53x	30.80x	14.61x
Goodwill	0	91.27M	91.64M	48.68M	48.68M	119.08M
Intangible Assets	0	90.5M	83.65M	85.69M	82.04M	119.12M
Long-Term Investments	0	0	0	0	0	0
Other Non-Current Assets	48K	593K	780K	483K	372K	990K
Total Assets+	15.95M	218.37M	383.32M	195.31M	199.91M	343.78M
Asset Turnover	4.62x	0.42x	0.38x	0.79x	0.78x	0.46x
Asset Growth %	-	12.69%	0.76%	-0.49%	0.02%	0.72%
Total Current Liabilities+	4.25M	12.05M	70.02M	35.76M	68.62M	202.97M
Accounts Payable	1.08M	2.73M	5.47M	15.42M	11.04M	8.46M
Days Payables Outstanding	7.02	14.32	17.92	50.25	35.17	27.31
Short-Term Debt	0	1.1M	4.23M	2.06M	1.23M	818K
Deferred Revenue (Current)	0	541K	1000K	1000K	879K	0
Other Current Liabilities	120K	413K	45.37M	2.08M	44.58M	192.63M
Current Ratio	3.70x	2.85x	2.94x	1.52x	0.93x	0.46x
Quick Ratio	3.70x	2.85x	1.50x	1.52x	0.93x	0.46x
Cash Conversion Cycle	-	-	386.04	-	-	-
Total Non-Current Liabilities+	19K	105.91M	190.94M	197.42M	198.62M	144.52M
Long-Term Debt	0	105.89M	190.36M	192.32M	194.27M	135.4M
Capital Lease Obligations	0	0	0	5.09M	4.31M	9.12M
Deferred Tax Liabilities	19K	0	248K	0	37K	0
Other Non-Current Liabilities	0	19K	324K	10K	0	0
Total Liabilities	4.27M	117.97M	260.95M	233.18M	267.25M	347.49M
Total Debt+	0	106.99M	194.6M	200.28M	200.59M	146.41M
Net Debt	-1.64M	97.29M	125.7M	187.64M	168.04M	96.27M
Debt / Equity	-	1.07x	1.59x	-	-	-
Debt / EBITDA	-	-	-	-	-	-
Net Debt / EBITDA	-0.26x	-	-	-	-	-
Interest Coverage	50.25x	-	-10.11x	-7.66x	-2.75x	-5.20x
Total Equity+	11.68M	100.4M	122.37M	-37.87M	-67.33M	-3.71M
Equity Growth %	-	7.6%	0.22%	-1.31%	-0.78%	0.94%
Book Value per Share	0.11	0.96	1.14	-0.30	-0.45	-0.02
Total Shareholders' Equity	11.68M	100.4M	122.37M	-37.87M	-67.33M	-3.71M
Common Stock	5M	108.23M	14K	14K	17K	26K
Retained Earnings	6.68M	-7.84M	-131.39M	-253.06M	-313.43M	-571.64M
Treasury Stock	0	0	0	-57.35M	-57.35M	-57.35M
Accumulated OCI	0	0	0	0	0	121K
Minority Interest	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	4.12M	1.2M	-19.78M	-48.92M	-18.31M	-38.12M
Operating CF Margin %	0.06%	0.01%	-0.14%	-0.32%	-0.12%	-0.24%
Operating CF Growth %	-	-0.71%	-17.51%	-1.47%	0.63%	-1.08%
Net Income	6.25M	-2.55M	-123.55M	-111.37M	-70.66M	-295.55M
Depreciation & Amortization	50K	1.1M	7.26M	7.76M	7.9M	11.87M
Stock-Based Compensation	104K	80K	60.62M	10.87M	18.67M	21.13M
Deferred Taxes	0	0	1.04M	-1.92M	-235K	-328K
Other Non-Cash Items	-351K	-1.4M	36.93M	45.24M	22.4M	238.31M
Working Capital Changes	-1.93M	3.97M	-2.08M	505K	3.61M	-13.55M
Change in Receivables	-2.62M	2.39M	-5.23M	-1.08M	2.89M	-7.83M
Change in Inventory	0	0	0	0	0	0
Change in Payables	0	0	2.74M	9.94M	-4.38M	-4.03M
Cash from Investing+	-18K	-184.99M	-863K	-5.23M	-3.83M	2.82M
Capital Expenditures	-18K	-276K	-645K	-769K	-2K	-484K
CapEx % of Revenue	0%	0%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	0	6K	0	-3.83M	-10.63M
Cash from Financing+	-2.84M	192.22M	180.86M	-103.14M	42.06M	52.46M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	-839K	-9.77M	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	-2M	94.74M	86.63M	-67K	-1.38M	52.87M
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	4.1M	922K	-20.42M	-49.69M	-22.14M	-49.23M
FCF Margin %	0.06%	0.01%	-0.14%	-0.32%	-0.14%	-0.31%
FCF Growth %	-	-0.78%	-23.15%	-1.43%	0.55%	-1.22%
FCF per Share	0.04	0.01	-0.19	-0.39	-0.15	-0.21
FCF Conversion (FCF/Net Income)	0.66x	-0.47x	0.16x	0.44x	0.26x	0.13x
Interest Paid	127K	384K	6.24M	12.41M	12.19M	12.55M
Taxes Paid	0	0	68K	9K	0	0

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	53.5%	-4.55%	-110.93%	-263.6%	-	-
Return on Invested Capital (ROIC)	47.72%	-3.29%	-26.41%	-41.67%	-23.38%	-103.56%
Gross Margin	23.76%	23.75%	23.4%	27.74%	26.17%	28.58%
Net Margin	8.48%	-2.79%	-84.87%	-71.84%	-45.54%	-186.78%
Debt / Equity	-	1.07x	1.59x	-	-	-
Interest Coverage	50.25x	-	-10.11x	-7.66x	-2.75x	-5.20x
FCF Conversion	0.66x	-0.47x	0.16x	0.44x	0.26x	0.13x
Revenue Growth	-	24.03%	59.42%	6.48%	0.1%	1.98%

Revenue by Segment

	2021	2022	2024
Reportable	-	-	158.24M
Reportable Growth	-	-	-
Analytics	70.7M	83.9M	-
Analytics Growth	-	18.67%	-
Cyber and Engineering	74.88M	-	-
Cyber and Engineering Growth	-	-	-

Frequently Asked Questions

Growth & Financials

BigBear.ai Holdings, Inc. (BBAI) reported $144.2M in revenue for fiscal year 2024. This represents a 96% increase from $73.6M in 2019.

BigBear.ai Holdings, Inc. (BBAI) grew revenue by 2.0% over the past year. Growth has been modest.

BigBear.ai Holdings, Inc. (BBAI) reported a net loss of $434.6M for fiscal year 2024.

Dividend & Returns

BigBear.ai Holdings, Inc. (BBAI) had negative free cash flow of $39.2M in fiscal year 2024, likely due to heavy capital investments.

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BigBear.ai Holdings, Inc. (BBAI) 10-Year Financial Performance & Capital Metrics

BBAI • • Industrial / General

TechnologyIT ServicesCybersecurity & Defense SolutionsGovernment Cybersecurity

Revenue $158M +2.0%
EBITDA -$122M -290.4%
Net Income -$296M -318.3%
EPS (Diluted) -1.27 -217.5%
Gross Margin 28.58% +9.2%
EBITDA Margin -76.81% -282.8%
Operating Margin -84.32% -235.2%
Net Margin -186.78% -310.2%
ROE -
ROIC -103.56% -343.0%
Debt/Equity -
Interest Coverage -5.20 -89.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 16.5%

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 56.5% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y16.53%

3Y2.82%

TTM-6.95%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-137.07%

EPS CAGR

10Y-

5Y-

3Y-

TTM-56.27%

ROCE

10Y Avg-25.25%

5Y Avg-41.21%

3Y Avg-57.22%

Latest-98.07%

Peer Comparison

Government Cybersecurity

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CACICACI International Inc	13.35B	604.57	27.09	12.64%	5.69%	12.53%	3.61%	0.86
LDOSLeidos Holdings, Inc.	25.05B	195.96	21.25	7.93%	8.11%	28.36%	4.96%	1.19
BBAIBigBear.ai Holdings, Inc.	2.66B	6.09	-4.80	1.98%	-301.37%	-71.24%
CTMCastellum, Inc.	97.45M	1.03	-5.72	-1.06%	-7.55%	-10.4%	1.15%	0.57
TLSTelos Corporation	429.25M	5.82	-7.97	-25.52%	-20.47%	-24.7%		0.08
WYYWidePoint Corporation	68.15M	6.89	-32.81	34.47%	-1.55%	-18.57%	2.29%	0.36

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	73.63M	91.32M	145.58M	155.01M	155.16M	158.24M
Revenue Growth %	-	0.24%	0.59%	0.06%	0%	0.02%
Cost of Goods Sold+	56.13M	69.63M	111.51M	112.02M	114.56M	113.02M
COGS % of Revenue	0.76%	0.76%	0.77%	0.72%	0.74%	0.71%
Gross Profit+	17.5M	21.68M	34.07M	42.99M	40.6M	45.22M
Gross Margin %	0.24%	0.24%	0.23%	0.28%	0.26%	0.29%
Gross Profit Growth %	-	0.24%	0.57%	0.26%	-0.06%	0.11%
Operating Expenses+	11.11M	26.25M	112.54M	153.52M	79.64M	178.64M
OpEx % of Revenue	0.15%	0.29%	0.77%	0.99%	0.51%	1.13%
Selling, General & Admin	11M	15.54M	106.51M	90.52M	65.78M	80.04M
SG&A % of Revenue	0.15%	0.17%	0.73%	0.58%	0.42%	0.51%
Research & Development	110K	615K	6.03M	8.39M	5.04M	10.86M
R&D % of Revenue	0%	0.01%	0.04%	0.05%	0.03%	0.07%
Other Operating Expenses	0	10.09M	0	54.6M	8.82M	87.74M
Operating Income+	6.38M	-4.56M	-78.47M	-110.53M	-39.03M	-133.42M
Operating Margin %	0.09%	-0.05%	-0.54%	-0.71%	-0.25%	-0.84%
Operating Income Growth %	-	-1.71%	-16.2%	-0.41%	0.65%	-2.42%
EBITDA+	6.43M	-3.48M	-71.21M	-102.77M	-31.13M	-121.55M
EBITDA Margin %	0.09%	-0.04%	-0.49%	-0.66%	-0.2%	-0.77%
EBITDA Growth %	-	-1.54%	-19.45%	-0.44%	0.7%	-2.9%
D&A (Non-Cash Add-back)	50K	1.08M	7.26M	7.76M	7.9M	11.87M
EBIT	6.38M	5.53M	-114.71M	-55.92M	-30.22M	-270.16M
Net Interest Income+	-127K	0	-7.76M	-14.44M	-14.2M	-25.65M
Interest Income	0	-	0	0	0	0
Interest Expense	127K	-	7.76M	14.44M	14.2M	25.65M
Other Income/Expense	-127K	4.64M	-44M	1.04M	-31.4M	-162.38M
Pretax Income+	6.25M	81K	-122.47M	-109.48M	-70.44M	-295.8M
Pretax Margin %	0.08%	0%	-0.84%	-0.71%	-0.45%	-1.87%
Income Tax+	9K	2.63M	1.08M	1.88M	222K	-256K
Effective Tax Rate %	1%	-31.47%	1.01%	1.02%	1%	1%
Net Income+	6.25M	-2.55M	-123.55M	-111.37M	-70.66M	-295.55M
Net Margin %	0.08%	-0.03%	-0.85%	-0.72%	-0.46%	-1.87%
Net Income Growth %	-	-1.41%	-47.47%	0.1%	0.37%	-3.18%
Net Income (Continuing)	6.25M	-2.55M	-123.55M	-111.37M	-70.66M	-295.55M
Discontinued Operations	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
EPS (Diluted)+	0.06	-0.00	-1.15	-0.95	-0.40	-1.27
EPS Growth %	-	-1.01%	-	0.17%	0.58%	-2.17%
EPS (Basic)	0.06	-0.00	-1.15	-0.95	-0.40	-1.27
Diluted Shares Outstanding	105M	105M	107.01M	127.7M	149.23M	233.6M
Basic Shares Outstanding	105M	105M	107.01M	127.7M	149.23M	233.6M
Dividend Payout Ratio	0.13%	-	-	-	-	-

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	15.75M	34.35M	206.18M	54.34M	63.78M	93.76M
Cash & Short-Term Investments	1.64M	9.7M	68.9M	12.63M	32.56M	50.14M
Cash Only	1.64M	9.7M	68.9M	12.63M	32.56M	50.14M
Short-Term Investments	0	0	0	0	0	0
Accounts Receivable	13.8M	24M	29.23M	31.4M	26.77M	39.85M
Days Sales Outstanding	68.4	95.93	73.29	73.94	62.97	91.92
Inventory	0	0	101.02M	0	0	0
Days Inventory Outstanding	-	-	330.67	-	-	-
Other Current Assets	0	0	546K	3.6M	0	0
Total Non-Current Assets+	197K	184.02M	177.14M	140.97M	136.13M	250.02M
Property, Plant & Equipment	149K	863K	1.08M	6.07M	5.04M	10.83M
Fixed Asset Turnover	494.13x	105.81x	135.04x	25.53x	30.80x	14.61x
Goodwill	0	91.27M	91.64M	48.68M	48.68M	119.08M
Intangible Assets	0	90.5M	83.65M	85.69M	82.04M	119.12M
Long-Term Investments	0	0	0	0	0	0
Other Non-Current Assets	48K	593K	780K	483K	372K	990K
Total Assets+	15.95M	218.37M	383.32M	195.31M	199.91M	343.78M
Asset Turnover	4.62x	0.42x	0.38x	0.79x	0.78x	0.46x
Asset Growth %	-	12.69%	0.76%	-0.49%	0.02%	0.72%
Total Current Liabilities+	4.25M	12.05M	70.02M	35.76M	68.62M	202.97M
Accounts Payable	1.08M	2.73M	5.47M	15.42M	11.04M	8.46M
Days Payables Outstanding	7.02	14.32	17.92	50.25	35.17	27.31
Short-Term Debt	0	1.1M	4.23M	2.06M	1.23M	818K
Deferred Revenue (Current)	0	541K	1000K	1000K	879K	0
Other Current Liabilities	120K	413K	45.37M	2.08M	44.58M	192.63M
Current Ratio	3.70x	2.85x	2.94x	1.52x	0.93x	0.46x
Quick Ratio	3.70x	2.85x	1.50x	1.52x	0.93x	0.46x
Cash Conversion Cycle	-	-	386.04	-	-	-
Total Non-Current Liabilities+	19K	105.91M	190.94M	197.42M	198.62M	144.52M
Long-Term Debt	0	105.89M	190.36M	192.32M	194.27M	135.4M
Capital Lease Obligations	0	0	0	5.09M	4.31M	9.12M
Deferred Tax Liabilities	19K	0	248K	0	37K	0
Other Non-Current Liabilities	0	19K	324K	10K	0	0
Total Liabilities	4.27M	117.97M	260.95M	233.18M	267.25M	347.49M
Total Debt+	0	106.99M	194.6M	200.28M	200.59M	146.41M
Net Debt	-1.64M	97.29M	125.7M	187.64M	168.04M	96.27M
Debt / Equity	-	1.07x	1.59x	-	-	-
Debt / EBITDA	-	-	-	-	-	-
Net Debt / EBITDA	-0.26x	-	-	-	-	-
Interest Coverage	50.25x	-	-10.11x	-7.66x	-2.75x	-5.20x
Total Equity+	11.68M	100.4M	122.37M	-37.87M	-67.33M	-3.71M
Equity Growth %	-	7.6%	0.22%	-1.31%	-0.78%	0.94%
Book Value per Share	0.11	0.96	1.14	-0.30	-0.45	-0.02
Total Shareholders' Equity	11.68M	100.4M	122.37M	-37.87M	-67.33M	-3.71M
Common Stock	5M	108.23M	14K	14K	17K	26K
Retained Earnings	6.68M	-7.84M	-131.39M	-253.06M	-313.43M	-571.64M
Treasury Stock	0	0	0	-57.35M	-57.35M	-57.35M
Accumulated OCI	0	0	0	0	0	121K
Minority Interest	0	0	0	0	0	0

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	4.12M	1.2M	-19.78M	-48.92M	-18.31M	-38.12M
Operating CF Margin %	0.06%	0.01%	-0.14%	-0.32%	-0.12%	-0.24%
Operating CF Growth %	-	-0.71%	-17.51%	-1.47%	0.63%	-1.08%
Net Income	6.25M	-2.55M	-123.55M	-111.37M	-70.66M	-295.55M
Depreciation & Amortization	50K	1.1M	7.26M	7.76M	7.9M	11.87M
Stock-Based Compensation	104K	80K	60.62M	10.87M	18.67M	21.13M
Deferred Taxes	0	0	1.04M	-1.92M	-235K	-328K
Other Non-Cash Items	-351K	-1.4M	36.93M	45.24M	22.4M	238.31M
Working Capital Changes	-1.93M	3.97M	-2.08M	505K	3.61M	-13.55M
Change in Receivables	-2.62M	2.39M	-5.23M	-1.08M	2.89M	-7.83M
Change in Inventory	0	0	0	0	0	0
Change in Payables	0	0	2.74M	9.94M	-4.38M	-4.03M
Cash from Investing+	-18K	-184.99M	-863K	-5.23M	-3.83M	2.82M
Capital Expenditures	-18K	-276K	-645K	-769K	-2K	-484K
CapEx % of Revenue	0%	0%	0%	0%	0%	0%
Acquisitions	-	-	-	-	-	-
Investments	-	-	-	-	-	-
Other Investing	0	0	6K	0	-3.83M	-10.63M
Cash from Financing+	-2.84M	192.22M	180.86M	-103.14M	42.06M	52.46M
Debt Issued (Net)	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-
Dividends Paid	-839K	-9.77M	0	0	0	0
Share Repurchases	-	-	-	-	-	-
Other Financing	-2M	94.74M	86.63M	-67K	-1.38M	52.87M
Net Change in Cash	-	-	-	-	-	-
Free Cash Flow+	4.1M	922K	-20.42M	-49.69M	-22.14M	-49.23M
FCF Margin %	0.06%	0.01%	-0.14%	-0.32%	-0.14%	-0.31%
FCF Growth %	-	-0.78%	-23.15%	-1.43%	0.55%	-1.22%
FCF per Share	0.04	0.01	-0.19	-0.39	-0.15	-0.21
FCF Conversion (FCF/Net Income)	0.66x	-0.47x	0.16x	0.44x	0.26x	0.13x
Interest Paid	127K	384K	6.24M	12.41M	12.19M	12.55M
Taxes Paid	0	0	68K	9K	0	0

Key Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	53.5%	-4.55%	-110.93%	-263.6%	-	-
Return on Invested Capital (ROIC)	47.72%	-3.29%	-26.41%	-41.67%	-23.38%	-103.56%
Gross Margin	23.76%	23.75%	23.4%	27.74%	26.17%	28.58%
Net Margin	8.48%	-2.79%	-84.87%	-71.84%	-45.54%	-186.78%
Debt / Equity	-	1.07x	1.59x	-	-	-
Interest Coverage	50.25x	-	-10.11x	-7.66x	-2.75x	-5.20x
FCF Conversion	0.66x	-0.47x	0.16x	0.44x	0.26x	0.13x
Revenue Growth	-	24.03%	59.42%	6.48%	0.1%	1.98%

Revenue by Segment

	2021	2022	2024
Reportable	-	-	158.24M
Reportable Growth	-	-	-
Analytics	70.7M	83.9M	-
Analytics Growth	-	18.67%	-
Cyber and Engineering	74.88M	-	-
Cyber and Engineering Growth	-	-	-

Frequently Asked Questions

Growth & Financials

BigBear.ai Holdings, Inc. (BBAI) reported $144.2M in revenue for fiscal year 2024. This represents a 96% increase from $73.6M in 2019.

BigBear.ai Holdings, Inc. (BBAI) grew revenue by 2.0% over the past year. Growth has been modest.

BigBear.ai Holdings, Inc. (BBAI) reported a net loss of $434.6M for fiscal year 2024.

Dividend & Returns

BigBear.ai Holdings, Inc. (BBAI) had negative free cash flow of $39.2M in fiscal year 2024, likely due to heavy capital investments.