8-K Announcements
6May 5, 2026·SEC
Apr 22, 2026·SEC
Mar 2, 2026·SEC
BigBear.ai Holdings, Inc. (BBAI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
BigBear.ai Holdings, Inc. (BBAI) stock price & volume — 10-year historical chart
BigBear.ai Holdings, Inc. (BBAI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
BigBear.ai Holdings, Inc. (BBAI) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 2, 2026 | $0.04vs $0.05+20.0% | $27Mvs $33M-18.1% |
| Q4 2025 | Nov 10, 2025 | $0.07vs $0.06-16.7% | $33Mvs $33M-0.5% |
| Q3 2025 | Aug 11, 2025 | $0.06vs $0.07+14.3% | $32Mvs $40M-19.6% |
| Q2 2025 | May 1, 2025 | $0.10vs $0.06-66.7% | $35Mvs $36M-4.2% |
BigBear.ai Holdings, Inc. (BBAI) competitors in Government and Defense IT Services — business model, growth, and fundamentals comparison
BigBear.ai Holdings, Inc. (BBAI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BigBear.ai Holdings, Inc. (BBAI) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 73.63M | 91.32M | 145.58M | 155.01M | 155.16M | 158.24M | 127.67M | 127.35M |
| Revenue Growth % | - | 24.03% | 59.42% | 6.48% | 0.1% | 1.98% | -19.32% | -20.34% |
| Cost of Goods Sold | 56.13M | 69.63M | 111.51M | 112.02M | 114.56M | 113.02M | 99.19M | 94.54M |
| 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 | 11.11M | 26.25M | 112.54M | 153.52M | 79.64M | 178.64M | 111.88M | 119.74M |
| OpEx % of Revenue | 15.1% | 28.74% | 77.31% | 99.04% | 51.32% | 112.89% | 87.63% | - |
| Selling, General & Admin | 11M | 15.54M | 106.51M | 90.52M | 65.78M | 80.04M | 95.13M | 101.63M |
| SG&A % of Revenue | 14.95% | 17.02% | 73.16% | 58.4% | 42.4% | 50.58% | 74.51% | - |
| Research & Development | 110K | 615K | 6.03M | 8.39M | 5.04M | 10.86M | 16.75M | 18.12M |
| R&D % of Revenue | 0.15% | 0.67% | 4.14% | 5.41% | 3.25% | 6.87% | 13.12% | - |
| Other Operating Expenses | 0 | 10.09M | 0 | 54.6M | 8.82M | 87.74M | 0 | 0 |
| 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) | 50K | 1.08M | 7.26M | 7.76M | 7.9M | 11.87M | 15.28M | 11.81M |
| EBIT | 6.38M | 5.53M | -114.71M | -55.92M | -30.22M | -270.16M | -275.8M | -218.95M |
| Net Interest Income | -127K | 0 | -7.76M | -14.44M | -14.2M | -25.65M | -4.86M | 253K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 13.25M | 9.47M |
| Interest Expense | 127K | 0 | 7.76M | 14.44M | 14.2M | 25.65M | 18.12M | 13.32M |
| Other Income/Expense | -127K | 4.64M | -44M | 1.04M | -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 | 9K | 2.63M | 1.08M | 1.88M | 222K | -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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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) | 0.06 | 0.00 | -1.15 | -0.95 | -0.40 | -1.27 | -0.82 | - |
| Diluted Shares Outstanding | 105M | 105M | 107.01M | 127.7M | 149.23M | 233.6M | 3.59B | 4.73B |
| Basic Shares Outstanding | 105M | 105M | 107.01M | 127.7M | 149.23M | 233.6M | 358.8M | 473.06M |
| Dividend Payout Ratio | 13.43% | - | - | - | - | - | - | - |
BigBear.ai Holdings, Inc. (BBAI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 15.75M | 34.35M | 206.18M | 54.34M | 63.78M | 93.76M | 330.54M | 394.01M |
| Cash & Short-Term Investments | 1.64M | 9.7M | 68.9M | 12.63M | 32.56M | 50.14M | 87.13M | 100.7M |
| Cash Only | 1.64M | 9.7M | 68.9M | 12.63M | 32.56M | 50.14M | 87.13M | 100.7M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 13.8M | 24M | 29.23M | 31.4M | 26.77M | 39.85M | 22.7M | 22.81M |
| Days Sales Outstanding | 68.4 | 95.93 | 73.29 | 73.94 | 62.97 | 91.92 | 64.91 | 72.44 |
| Inventory | 0 | 0 | 101.02M | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | 330.67 | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 546K | 3.6M | 0 | 0 | 220.71M | 270.5M |
| Total Non-Current Assets | 197K | 184.02M | 177.14M | 140.97M | 136.13M | 250.02M | 564M | 467.65M |
| Property, Plant & Equipment | 149K | 863K | 1.08M | 6.07M | 5.04M | 10.83M | 8.63M | 8.57M |
| Fixed Asset Turnover | 494.13x | 105.81x | 135.04x | 25.53x | 30.80x | 14.61x | 14.80x | 14.15x |
| Goodwill | 0 | 91.27M | 91.64M | 48.68M | 48.68M | 119.08M | 241.1M | 238.74M |
| Intangible Assets | 0 | 90.5M | 83.65M | 85.69M | 82.04M | 119.12M | 139.47M | 137.42M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 173.95M | 384.8M |
| Other Non-Current Assets | 48K | 593K | 780K | 483K | 372K | 990K | 860K | 4.03M |
| 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 Turnover | 4.62x | 0.42x | 0.38x | 0.79x | 0.78x | 0.46x | 0.14x | 0.16x |
| Asset Growth % | - | 1269.23% | 75.54% | -49.05% | 2.36% | 71.97% | 160.21% | 503.5% |
| Total Current Liabilities | 4.25M | 12.05M | 70.02M | 35.76M | 68.62M | 202.97M | 185.52M | 64.76M |
| Accounts Payable | 1.08M | 2.73M | 5.47M | 15.42M | 11.04M | 8.46M | 6.09M | 4.23M |
| Days Payables Outstanding | 7.02 | 14.32 | 17.92 | 50.25 | 35.17 | 27.31 | 22.4 | 18.67 |
| Short-Term Debt | 0 | 1.1M | 4.23M | 2.06M | 1.23M | 818K | 17.66M | 17.61M |
| Deferred Revenue (Current) | 0 | 541K | 4.21M | 2.02M | 879K | 0 | 0 | 7.97M |
| Other Current Liabilities | 120K | 413K | 45.37M | 2.08M | 44.58M | 192.63M | 161.78M | 47.15M |
| Current Ratio | 3.70x | 2.85x | 2.94x | 1.52x | 0.93x | 0.46x | 1.78x | 1.78x |
| Quick Ratio | 3.70x | 2.85x | 1.50x | 1.52x | 0.93x | 0.46x | 1.78x | 1.78x |
| Cash Conversion Cycle | - | - | 386.04 | - | - | - | - | 53.78 |
| Total Non-Current Liabilities | 19K | 105.91M | 190.94M | 197.42M | 198.62M | 144.52M | 97.16M | 6.5M |
| Long-Term Debt | 0 | 105.89M | 190.36M | 192.32M | 194.27M | 135.4M | 6.67M | 6.5M |
| Capital Lease Obligations | 0 | 0 | 0 | 5.09M | 4.31M | 9.12M | 0 | 15.46M |
| Deferred Tax Liabilities | 19K | 0 | 248K | 0 | 37K | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 19K | 324K | 10K | 0 | 0 | 90.48M | 90.48M |
| Total Liabilities | 4.27M | 117.97M | 260.95M | 233.18M | 267.25M | 347.49M | 282.68M | 71.26M |
| Total Debt | 0 | 106.99M | 194.6M | 200.28M | 200.59M | 146.41M | 24.33M | 24.11M |
| Net Debt | -1.64M | 97.29M | 125.7M | 187.64M | 168.04M | 96.27M | -62.8M | -76.59M |
| Debt / Equity | - | 1.07x | 1.59x | - | - | - | 0.04x | 0.04x |
| 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 | -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 Share | 0.11 | 0.96 | 1.14 | -0.30 | -0.45 | -0.02 | 0.17 | 0.17 |
| Total Shareholders' Equity | 11.68M | 100.4M | 122.37M | -37.87M | -67.33M | -3.71M | 611.87M | 790.4M |
| Common Stock | 5M | 108.23M | 14K | 14K | 17K | 26K | 46K | 49K |
| Retained Earnings | 6.68M | -7.84M | -131.39M | -253.06M | -313.43M | -571.64M | -865.55M | -922.32M |
| Treasury Stock | 0 | 0 | 0 | -57.35M | -57.35M | -57.35M | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 121K | -63K | -763K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
BigBear.ai Holdings, Inc. (BBAI) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 4.12M | 1.2M | -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 Income | 6.25M | -2.55M | -123.55M | -111.37M | -70.66M | -295.55M | -293.91M | -288.69M |
| Depreciation & Amortization | 50K | 1.1M | 7.26M | 7.76M | 7.9M | 11.87M | 15.28M | 18.89M |
| Stock-Based Compensation | 104K | 80K | 60.62M | 10.87M | 18.67M | 21.13M | 23.33M | 19.35M |
| Deferred Taxes | 0 | 0 | 1.04M | -1.92M | -235K | -328K | -21.66M | -21.66M |
| Other Non-Cash Items | -351K | -1.4M | 36.93M | 45.24M | 22.4M | 238.31M | 230.05M | 219.22M |
| Working Capital Changes | -1.93M | 3.97M | -2.08M | 505K | 3.61M | -13.55M | 4.96M | -405K |
| Change in Receivables | -2.62M | 2.39M | -5.23M | -1.08M | 2.89M | -7.83M | 17.91M | 11.24M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 2.74M | 9.94M | -4.38M | -4.03M | -5.7M | -3.52M |
| Cash from Investing | -18K | -184.99M | -863K | -5.23M | -3.83M | 2.82M | -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% | - |
| Acquisitions | 0 | -184.71M | -224K | -4.46M | 0 | 13.94M | -229.03M | -239.21M |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 6K | 0 | -3.83M | -10.63M | -2.88M | -259.69M |
| Cash from Financing | -2.84M | 192.22M | 180.86M | -103.14M | 42.06M | 52.46M | 691.31M | 624.59M |
| Debt Issued (Net) | 0 | 107.25M | 94.23M | -2.17M | -830K | -412K | -818K | -452K |
| Equity Issued (Net) | 0 | 0 | 0 | -100.9M | 44.28M | 0 | 698.96M | 623.04M |
| Dividends Paid | -839K | -9.77M | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -100.9M | -5.72M | 0 | 0 | 0 |
| Other Financing | -2M | 94.74M | 86.63M | -67K | -1.38M | 52.87M | -6.82M | 2M |
| 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 | 0.04 | 0.01 | -0.19 | -0.39 | -0.15 | -0.21 | -0.01 | -0.01 |
| FCF Conversion (FCF/Net Income) | 0.66x | -0.47x | 0.16x | 0.44x | 0.26x | 0.13x | 0.14x | 0.20x |
| Interest Paid | 127K | 384K | 6.24M | 12.41M | 12.19M | 12.55M | 0 | 2.3M |
| Taxes Paid | 0 | 0 | 68K | 9K | 0 | 0 | 0 | 0 |
BigBear.ai Holdings, Inc. (BBAI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| 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 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 | 1.07x | 1.59x | - | - | - | 0.04x | 0.04x |
| Interest Coverage | - | -14.78x | -3.87x | -2.13x | -10.53x | -15.22x | -16.44x |
| FCF Conversion | -0.47x | 0.16x | 0.44x | 0.26x | 0.13x | 0.14x | 0.20x |
| Revenue Growth | 24.03% | 59.42% | 6.48% | 0.1% | 1.98% | -19.32% | -20.34% |
BigBear.ai Holdings, Inc. (BBAI) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 5, 2026·SEC
Apr 22, 2026·SEC
Mar 2, 2026·SEC
BigBear.ai Holdings, Inc. (BBAI) stock FAQ — growth, dividends, profitability & financials explained
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.
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.
BigBear.ai Holdings, Inc. (BBAI) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates