BigBear.ai reported a significant revenue decline in Q4 2025 due to lower Army program volumes, but substantially narrowed its net loss compared to the prior year. The company ended the year in its strongest cash position ever following significant capital raises and strategic acquisitions of Ask Sage and CargoSeer.

BigBear.ai posted a positive net income of $2.5M in Q3 2025, reversing a $15.1M loss from the same quarter last year. Revenue declined due to lower volumes in Army programs, but the company ended the quarter with a record cash position and announced the acquisition of Ask Sage.

In Q2 2025, BigBear.ai posted revenue of 32,472,000, an operating loss, and a net loss impacted by non-cash derivative changes and goodwill impairment; the company ended the quarter with 390,845,000 in cash and a backlog of 380,000,000.

BigBear.ai saw a modest revenue increase to $34.8M in Q1 2025, driven by contracts in Homeland Security and Digital Identity. However, the company posted a net loss of $62M, impacted by higher non-cash derivative losses and SG&A costs. Cash position improved significantly from warrant exercises.

BigBear.ai reported Q4 2024 revenue of $43.8 million, reflecting an 8% year-over-year increase. The company's gross margin improved to 37.4%, up from 32.1% in Q4 2023. However, the company posted a net loss of $108.0 million, driven largely by non-cash changes in derivative liabilities. Adjusted EBITDA came in at $2.0 million, a decrease from $3.7 million in Q4 2023, due to increased recurring SG&A expenses.

BigBear.ai reported a 22.1% increase in revenue to $41.5 million compared to the previous year, with a gross margin increase to 25.9%. The company also secured a 5-year production contract valued at $165 million. Net loss was $12.2 million, while non-GAAP Adjusted EBITDA was positive at $0.9 million. The company is affirming its full-year 2024 revenue guidance between $165 million and $180 million.

BigBear.ai reported a 3.4% increase in revenue to $39.8 million for Q2 2024 compared to $38.5 million in Q2 2023. The company signed an MSA with Heathrow Airport and announced upcoming exercises for ConductorOS. However, full-year 2024 revenue guidance was adjusted to $165-$180 million due to timing of customer awards and regulatory approvals.

BigBear.ai reported a decrease in revenue for Q1 2024, primarily due to the planned wind-down of the Air Force EPASS program and the elimination of revenue from Virgin Orbit's bankruptcy. The company's net loss included a significant non-cash goodwill impairment charge. However, they affirm their full-year revenue guidance of $195 - $215 million.

BigBear.ai announced the close of the Pangiam acquisition, received $54M in incremental cash proceeds, and reported a net loss of $21.3 million in Q4 2023. The company also achieved its second consecutive quarter of positive adjusted EBITDA.

BigBear.ai reported a revenue decline of 16.4% to $34.0 million, but achieved its first quarter of positive net income at $4.0 million, positive adjusted EBITDA, and positive cash flows from operations. The company also announced a definitive merger agreement to acquire Pangiam.

BigBear.ai reported a slight increase in revenue for Q2 2023, but gross margin decreased due to the Virgin Orbit bankruptcy. However, the net loss significantly decreased due to reduced operating expenses.

BigBear.ai reported a 15.8% increase in revenue to $42.2 million for Q1 2023 compared to $36.4 million in Q1 2022. The company's net loss was $26.2 million, which included $10.6 million of non-cash expenses. They are reiterating FY23 revenue guidance of $155 million to $170 million.

BigBear.ai announced a 21% year-over-year increase in fourth-quarter revenue, driven by key program wins. The company's analytics segment saw a 39% revenue increase, and gross margin improved to 29%. They are focused on growth and efficiency.

BigBear.ai announced financial results for Q3 2022, achieving revenue of $40.7 million compared to $40.2 million for the third quarter of 2021. Analytics revenue increased by 8%. The company is on track with planned cost savings initiatives expected to drive $20 million of annualized operating expense savings.

BigBear.ai reported revenue of $37.6 million for Q2 2022, with a gross margin of 25%. The company experienced a net loss of $56.8 million, primarily driven by a non-cash goodwill impairment charge. They are revising their 2022 financial outlook due to delays in federal contract awards and longer sales cycles.

BigBear.ai reported revenue of $36.4 million and a net loss of $18.8 million for the first quarter of 2022. The company reaffirmed its 2022 financial outlook and closed on the acquisition of ProModel Corporation.

BigBear.ai reported Q4 2021 revenue of $33.5 million and a net loss of $114.8 million. The company's ending backlog was $465 million, and cash and cash equivalents totaled $68.9 million. The company is looking forward to even more exciting growth opportunities in 2022.