BigBear.ai builds AI and machine-learning tools that help organizations sort through messy data and make faster decisions, like a high-tech analyst for government and enterprise clients.
Revenue comes from two segments—Cyber & Engineering and Analytics—but both lose money: annual revenue was USD 0.13B in 2025 with a net loss of USD 0.29B, and gross margin sits near 28%, so no profitable product line currently pays the bills.
BigBear.ai has some government-contract experience and specialized AI analytics, but the moat is weak because larger, well-funded competitors like Palantir Technologies and C3.ai offer similar or broader platforms, and the company's shrinking revenue (USD 0.16
Key events, in time order
Q2 revenue beat and backlog growth offset by adjusted EBITDA miss; shares flat Friday
Q2 revenue beat but EPS missed, company affirms FY guide, mixed market reaction
Multiple sources confirm flat revenue, worsening operating losses and cash burn; Ask Sage margin gains offset by transition profitability pressure
None yet
None yet
No comments yet.
Facts and opinions separated · All items sourced · Not investment advice
