Loading...
•
Dec 31, 2024
Bigbear.Ai Q4 2024 Earnings Report
BigBear.ai reported increased revenue but higher net losses in Q4 2024.
Key Takeaways
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.
Revenue increased 8% year-over-year to $43.8 million.
Gross margin improved to 37.4%, compared to 32.1% in Q4 2023.
Net loss widened to $108.0 million, primarily due to non-cash derivative liability adjustments.
Adjusted EBITDA declined to $2.0 million from $3.7 million in Q4 2023.
Forward Guidance
BigBear.ai projects full-year 2025 revenue between $160 million and $180 million, with negative single-digit adjusted EBITDA. The company expects continued revenue growth but remains cautious about macroeconomic uncertainties and potential government spending constraints.
Positive Outlook
- Revenue guidance of $160M - $180M for 2025.
- Ongoing expansion in AI-powered decision intelligence market.
- Stronger balance sheet after debt reduction efforts.
- Increased contract backlog to $418 million, supporting future revenue.
- Operational efficiency improvements expected in 2025.
Challenges Ahead
- Macroeconomic challenges may impact government spending.
- Continued net losses expected in the near term.
- Higher SG&A expenses could pressure profitability.
- Increased competition in AI and defense-related markets.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...