BigBear.ai Holdings, Inc. logo BBAI - BigBear.ai Holdings, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 1
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $6.00 DETAILS
HIGH: $6.00
LOW: $6.00
MEDIAN: $6.00
CONSENSUS: $6.00
UPSIDE: 43.54%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q3
Revenue
Revenue 34.4 27.3 33.1 32.5 34.8 43.8 41.5 39.8 33.1 40.6 34.0 38.5 42.2 40.4 40.7 37.6 36.4 33.5 40.2 36.3 35.6 7.8
Cost of Revenue 22.7 21.8 25.7 24.4 27.4 27.4 30.7 28.7 26.1 27.5 25.6 29.5 31.9 28.6 28.9 28.0 26.5 29.7 29.4 27.1 25.3 5.6
Gross Profit 11.7 5.5 7.4 8.1 7.4 16.4 10.8 11.1 7.0 13.0 8.4 9.0 10.2 11.8 11.8 9.6 9.9 3.8 10.8 9.2 10.3 2.2
Operating Expenses
R&D Expenses 5.5 4.8 3.4 4.4 4.2 2.3 3.8 3.6 1.1 2.0 (0.3) 2.2 1.1 1.2 1.8 2.5 2.9 1.9 1.4 1.9 0.9 0.2
SG&A Expenses 29.2 25.7 25.3 21.5 22.7 19.4 17.5 23.4 16.9 15.4 15.5 16.9 20.4 21.3 20.2 27.0 22.0 65.2 12.0 10.4 10.1 1.9
Other Expenses 0 (0.7) 0 0 0 2.8 0 0.8 0 4.1 1.4 0.0 0.8 15.7 2.1 35.4 1.4 8.7 0 0 0 0
Operating Expenses 34.8 29.8 28.6 25.9 26.9 24.5 21.3 27.7 18.1 21.6 16.6 19.2 22.2 38.2 24.1 64.9 26.3 75.8 13.4 12.3 11.0 2.1
Operating Income
Operating Income (23.0) (24.3) (21.2) (17.8) (19.5) (8.1) (10.5) (16.7) (11.1) (8.6) (8.2) (10.2) (12.0) (26.4) (12.4) (55.3) (16.4) (72.0) (2.6) (3.1) (0.8) 0.1
Interest Expense 0.3 4.0 4.6 4.4 5.1 15 3.5 6.5 3.6 3.5 3.5 3.6 3.6 3.8 3.6 3.6 3.6 2.2 1.9 1.8 1.9 0.1
Interest Income 3.8 13.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA (49.4) 2.3 11.3 (220.7) (19.5) (2.2) (5.2) (5.1) (119.2) (2.5) 9.5 (11.4) (20.6) (8.7) (10.3) (53.2) (13.4) (61.5) (0.8) (1.4) 1.2 0.2
EBIT (56.4) (1.9) 7.1 (224.2) (56.8) (5.3) (8.6) (8.0) (121.6) (4.5) 7.5 (13.3) (22.6) (10.7) (12.3) (55.1) (15.2) (63.3) (2.6) (3.1) (0.8) 0.1
Income Before Tax (56.7) (5.9) 2.5 (228.6) (62.0) (146.2) (12.2) (14.4) (125.2) (31.3) 4.0 (16.9) (26.2) (29.7) (15.9) (58.7) (18.7) (110.4) (4.5) (5.0) (2.6) 0.1
Income Tax Expense 0.0 (0.1) 0.0 0.0 0.0 0.3 0.0 0.0 (0.0) 0.3 (0.0) (0.0) 0.1 0.2 0.3 (1.8) 0.1 4.4 (1.3) (1.8) (0.2) (0.0)
Net Income (56.8) (5.8) 2.5 (228.6) (62.0) (146.5) (12.2) (14.4) (125.1) (31.5) 4.0 (16.9) (26.2) (29.9) (16.1) (56.8) (18.8) (114.8) (3.1) (3.2) (2.4) 0.1
Per Share Data
EPS (Basic) -0.12 -0.01 0.01 -0.71 -0.25 -0.58 -0.05 -0.05 -0.67 -0.20 0.03 -0.12 -0.19 -0.23 -0.13 -0.45 -0.14 -1.02 -0.03 -0.03 -0.02 0.00
EPS (Diluted) -0.12 -0.01 -0.03 -0.71 -0.25 -0.59 -0.05 -0.05 -0.67 -0.20 0.03 -0.12 -0.19 -0.23 -0.13 -0.45 -0.14 -1.02 -0.03 -0.03 -0.02 0.00
Shares Outstanding 473.1 358.8 396.6 320.6 250.6 250.6 250.0 246.3 187.3 156.8 155.8 140.8 138.0 130.0 126.3 126.3 134.5 112.5 104.9 105 105 105
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Current Assets
Cash & Cash Equivalents 100.7 87.1 456.6 390.8 107.6 50.1 65.6 72.3 81.4 32.6 32.2 29.9 21.8 12.6 22.0 29.8 60.0 68.9 10.8 9.0 9.9 9.7
Short-Term Investments 0 0 130.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 22.8 22.7 26.6 29.0 35.1 39.8 34.4 35.0 39.0 26.8 29.5 36.6 35.1 31.4 33.0 29.8 29.6 29.2 24.1 24.0 24.5 24.0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 101.0 0 0 0 0
Other Current Assets 270.5 220.7 1.5 0 0 0 0 0.0 0 0 0.1 0.1 2.7 3.6 0 1.3 0.9 0.5 0 3.2 0 0
Total Current Assets 394.0 330.5 619.8 424.3 148.2 93.8 104.2 111.8 125.0 63.8 65.8 71.6 65.7 54.3 60.0 67.7 96.1 206.2 41.3 37.9 35.7 34.3
Non-Current Assets
Property, Plant & Equipment 8.6 8.6 8.7 10.1 10.3 10.8 10.9 11.2 11.3 5.0 5.3 5.5 5.8 6.1 1.5 1.4 1.3 1.1 1.2 1.0 0.9 0.9
Goodwill 238.7 241.1 48.4 48.4 119.1 119.1 118.6 118.6 119.8 48.7 48.7 48.7 48.7 48.7 67.1 67.2 91.6 91.6 91.6 91.3 91.3 91.3
Intangible Assets 137.4 139.5 112.7 115.6 117.6 119.1 119.3 118.2 120.4 82.0 82.8 81.9 83.8 85.7 87.6 89.5 82.0 83.6 85.3 87.0 88.7 90.5
Long-Term Investments 82.1 173.9 128.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 0.9 0.9 1.4 1.0 1.0 1.0 1.1 1.1 1.1 0.4 0.5 0.5 0.5 0.5 0.7 0.7 0.7 0.8 0.6 0.6 1.6 0.6
Total Non-Current Assets 467.6 564.0 300.0 175.1 248.0 250.0 249.9 249.1 252.6 136.1 137.2 136.6 138.9 141.0 156.9 158.8 175.7 177.1 182.9 182.6 182.5 184.0
Total Assets 861.7 894.5 919.8 599.4 396.3 343.8 354.1 360.9 377.6 199.9 203.0 208.2 204.6 195.3 216.9 226.5 271.8 383.3 224.2 220.5 218.2 218.4
Current Liabilities
Account Payables 4.2 6.1 5.6 3.4 3.9 8.5 4.2 7.1 6.2 11.0 9.1 7.3 10.5 15.4 7.4 6.4 6.6 5.5 9.5 5.0 2.9 2.7
Short-Term Debt 17.6 17.7 0 0.4 0.8 0.8 0 0.4 0.8 1.2 0 0.5 1.3 2.1 0.8 1.9 3.1 4.2 2.6 1.1 1.1 1.1
Deferred Revenue 0 0 3.5 4.5 3.0 0 2.1 3.5 3.9 0.9 2.3 2 2.3 2.0 4.8 3.7 2.8 4.2 2.1 1.0 0 0.5
Other Current Liabilities 42.9 161.8 169.5 195.7 59.5 192.6 16.8 26.9 29.8 44.6 29.3 45.5 27.6 2.1 2.3 4.0 6.9 45.4 0.5 0.5 0.9 0.4
Total Current Liabilities 64.8 185.5 197.9 221.6 89.1 203.0 50.6 53.3 63.1 68.6 57.0 71.8 60.8 35.8 32.7 28.8 30.2 70.0 27.0 20.1 14.5 12.1
Non-Current Liabilities
Long-Term Debt 6.5 6.7 104.9 102.7 100.6 135.4 195.7 195.2 194.8 194.3 193.8 193.3 192.8 192.3 191.8 191.3 190.9 190.4 105.4 105.6 105.7 105.9
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0.0 0.0 0.0 0.0 0.1 0 0.4 0.4 0.4 0.2 0 0 0 0
Other Non-Current Liabilities 0 90.5 0 0 0 0 0 0 0 0 0 0 0 0.0 0.0 0.1 0.3 0.3 0.0 0.0 0.0 0.0
Total Non-Current Liabilities 6.5 97.2 111.8 111.2 109.4 144.5 205.1 204.8 206.1 198.6 198.3 198.0 197.8 197.4 192.3 191.9 191.6 190.9 105.5 105.6 105.8 105.9
Total Liabilities 71.3 282.7 309.7 332.8 198.5 347.5 255.7 258.1 269.1 267.2 255.3 269.8 258.6 233.2 225.0 220.7 221.8 261.0 132.5 125.7 120.2 118.0
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 108.3 108.3 108.3 108.2
Retained Earnings (922.3) (865.6) (859.7) (862.2) (633.6) (571.6) (462.5) (450.3) (438.6) (313.4) (292.2) (296.2) (279.3) (253.1) (223.2) (207.1) (150.2) (131.4) (16.6) (13.4) (10.3) (7.8)
Accumulated Other Comprehensive Income (0.8) (0.1) (0.2) (0.1) 0.1 0.1 (0.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 790.4 611.9 610.0 266.6 197.8 (3.7) 98.4 102.8 108.5 (67.3) (52.3) (61.6) (54.0) (37.9) (8.1) 5.8 50.1 122.4 91.7 94.8 98.0 100.4
Total Liabilities & Equity 861.7 894.5 919.8 599.4 396.3 343.8 354.1 360.9 377.6 199.9 203.0 208.2 204.6 195.3 216.9 226.5 271.8 383.3 224.2 220.5 218.2 218.4
Debt Metrics
Total Debt 24.1 24.3 112.9 112.6 111.3 146.4 206.1 206.3 207.7 200.6 199.1 199.4 199.8 200.3 192.6 193.3 193.9 194.6 108.0 106.7 106.8 107.0
Net Debt (76.6) (62.8) (343.7) (278.2) 3.7 96.3 140.6 134.0 126.3 168.0 166.9 169.5 178.0 187.6 170.6 163.4 133.9 125.7 97.3 97.7 96.9 97.3
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1
Operating Activities
Net Income (56.8) (5.8) 2.5 (228.6) (62.0) (108.0) (15.1) (14.4) (127.8) (21.3) 4.0 (16.9) (26.2) (29.9) (16.1) (56.8) (18.8) (114.8) (3.1) (3.2) (2.4)
Depreciation & Amortization 7.1 4.2 4.1 3.5 3.5 3.1 3.4 2.9 2.4 2.0 2.0 2.3 2.0 2.0 2.0 2.0 1.8 1.8 1.8 1.8 1.9
Stock-Based Compensation 3.4 6.3 5.3 4.3 7.4 0 5.2 5.7 5.2 6.1 4.8 0 3.8 (0.3) 2.2 5.1 3.9 0 0.0 0.0 0.0
Change in Working Capital (7.6) (9.6) 1.2 8.0 5.4 (12.4) 2.3 3.1 (6.5) 2.9 10.8 (6.5) (3.6) (2.1) 4.9 (8.5) 6.2 (3.9) 3.4 2.5 1.4
Other Non-Cash Items 35.8 4.7 (22.8) 209.0 39.1 102.8 2.4 (4.4) 112.4 10.2 (14.9) 8.3 11.9 20.1 0.4 35.6 (0.7) 98.3 0.1 0.1 0.1
Operating Cash Flow (18.0) (21.8) (9.6) (3.9) (6.7) (14.8) (1.9) (7.1) (14.4) (0.1) 6.6 (12.8) (12.0) (10.5) (6.4) (24.5) (7.5) (17.5) 0.9 (0.6) 0.9
Investing Activities
Capital Expenditure (0.3) (0.3) (1.3) (1.2) (1.6) (0.2) (4.3) (1.7) (1.7) (1.1) (2.7) (0.0) 0 (0.0) (0.2) (0.1) (0.4) (0.6) (0.3) (0.1) (0.2)
Acquisitions (10.2) (229.0) 0 0 0 0 0 0 13.9 0 0 0 0 0 (0.1) (4.4) 0 (0.2) 0 0 (0.2)
Purchases of Investments (0.4) (306.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 358.8 0 0 0
Sales/Maturities of Investments 43.2 191.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0.4 1.0 (259.9) (1.2) (1.5) 0 (4.2) (1.6) (1.6) 0 0 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow 32.7 (343.8) (260.1) (1.2) (1.6) (3.4) (4.3) (1.7) 12.3 (1.1) (2.7) (0.0) 0 (0.0) (0.3) (4.5) (0.4) 357.9 (0.3) (0.1) (0.4)
Financing Activities
Net Debt Issuance 0 0 (0.4) (0.1) (0.4) 0.8 (0.4) (0.4) (0.4) 1.2 (0.5) (0.8) (0.8) 1.3 (1.2) (1.2) (1.2) 88.8 1.2 (0.3) (0.3)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 (0.5) 0 0 0 0 0 (100.9) 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (0.8) 8.7 (1.4) (4.5) 59.7 0.4 (0.0) 0.0 51.4 0.3 (0.6) (1.1) (3.0) (0.1) (0.0) (0.0) 0 92.2 0 0 0
Financing Cash Flow (0.8) 1.3 335.3 288.8 65.9 2.3 (0.4) (0.4) 51.0 1.5 (1.6) 20.9 21.2 1.2 (1.2) (1.2) (102.1) (181.0) 1.2 (0.3) (0.3)
Cash Position
Net Change in Cash 14.1 (363.9) 65.7 283.2 57.5 (15.4) (6.7) (9.1) 48.9 0.4 2.3 8.1 9.2 (9.3) (7.9) (30.1) (109.9) 168.9 1.8 (0.9) 0.2
Cash at Beginning 92.6 456.6 390.8 107.6 50.1 65.6 72.3 81.4 32.6 32.2 29.9 21.8 12.6 22.0 29.8 60.0 169.9 1.0 9.0 9.9 9.7
Cash at End 106.7 92.6 456.6 390.8 107.6 50.1 65.6 72.3 81.4 32.6 32.2 29.9 21.8 12.6 22.0 29.8 60.0 169.9 10.8 9.0 9.9
Free Cash Flow (18.3) (22.1) (10.9) (5.0) (8.3) (15.0) (6.2) (8.8) (16.0) (1.2) 3.8 (12.8) (12.0) (10.6) (6.6) (24.6) (7.9) (18.2) 0.6 (0.7) 0.7
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q3
Income Statement
Revenue 34.4 27.3 33.1 32.5 34.8 43.8 41.5 39.8 33.1 40.6 34.0 38.5 42.2 40.4 40.7 37.6 36.4 33.5 40.2 36.3 35.6 7.8
Gross Profit 11.7 5.5 7.4 8.1 7.4 16.4 10.8 11.1 7.0 13.0 8.4 9.0 10.2 11.8 11.8 9.6 9.9 3.8 10.8 9.2 10.3 2.2
Operating Income (23.0) (24.3) (21.2) (17.8) (19.5) (8.1) (10.5) (16.7) (11.1) (8.6) (8.2) (10.2) (12.0) (26.4) (12.4) (55.3) (16.4) (72.0) (2.6) (3.1) (0.8) 0.1
Net Income (56.8) (5.8) 2.5 (228.6) (62.0) (146.5) (12.2) (14.4) (125.1) (31.5) 4.0 (16.9) (26.2) (29.9) (16.1) (56.8) (18.8) (114.8) (3.1) (3.2) (2.4) 0.1
EPS (Diluted) -0.12 -0.01 -0.03 -0.71 -0.25 -0.59 -0.05 -0.05 -0.67 -0.20 0.03 -0.12 -0.19 -0.23 -0.13 -0.45 -0.14 -1.02 -0.03 -0.03 -0.02 0.00
Balance Sheet
Cash & Equivalents 100.7 87.1 456.6 390.8 107.6 50.1 65.6 72.3 81.4 32.6 32.2 29.9 21.8 12.6 22.0 29.8 60.0 68.9 10.8 9.0 9.9 9.7
Total Assets 861.7 894.5 919.8 599.4 396.3 343.8 354.1 360.9 377.6 199.9 203.0 208.2 204.6 195.3 216.9 226.5 271.8 383.3 224.2 220.5 218.2 218.4
Total Debt 24.1 24.3 112.9 112.6 111.3 146.4 206.1 206.3 207.7 200.6 199.1 199.4 199.8 200.3 192.6 193.3 193.9 194.6 108.0 106.7 106.8 107.0
Stockholders' Equity 790.4 611.9 610.0 266.6 197.8 (3.7) 98.4 102.8 108.5 (67.3) (52.3) (61.6) (54.0) (37.9) (8.1) 5.8 50.1 122.4 91.7 94.8 98.0 100.4
Cash Flow
Operating Cash Flow (18.0) (21.8) (9.6) (3.9) (6.7) (14.8) (1.9) (7.1) (14.4) (0.1) 6.6 (12.8) (12.0) (10.5) (6.4) (24.5) (7.5) (17.5) 0.9 (0.6) 0.9
Capital Expenditure (0.3) (0.3) (1.3) (1.2) (1.6) (0.2) (4.3) (1.7) (1.7) (1.1) (2.7) (0.0) 0 (0.0) (0.2) (0.1) (0.4) (0.6) (0.3) (0.1) (0.2)
Free Cash Flow (18.3) (22.1) (10.9) (5.0) (8.3) (15.0) (6.2) (8.8) (16.0) (1.2) 3.8 (12.8) (12.0) (10.6) (6.6) (24.6) (7.9) (18.2) 0.6 (0.7) 0.7