BigBear.ai Holdings, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:25:50Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -42.48M | -38.60M | -18.31M | -49.69M | -20.43M | -7.57M |
| EBITDA | -198.62M | -121.55M | -31.13M | -102.77M | -71.21M | -8.83M |
| Working Capital | 145.02M | -109.21M | -5.34M | 18.57M | 136.16M | 22.29M |
| Net Debt | 27.69M | 96.27M | 172.53M | 193.27M | 131.10M | 97.29M |
| Gross Margin | 22.31% | 28.58% | 26.17% | 27.74% | 23.40% | 27.49% |
| Operating Margin | -167.54% | -84.32% | -25.16% | -71.30% | -53.90% | -31.23% |
| Net Margin | -230.21% | -186.78% | -45.54% | -71.84% | -84.87% | -24.84% |
| Return on Equity (ROE) | -48.04% | 7957.65% | 235.53% | -1141.64% | -77.37% | -7.81% |
| Return on Assets (ROA) | -32.86% | -85.97% | -35.34% | -57.02% | -32.23% | -3.59% |
| Current Ratio | 1.78× | 0.46× | 0.92× | 1.52× | 2.94× | 2.85× |
| Debt-to-Equity | 0.19× | -39.42× | -6.84× | 21.11× | 1.25× | 1.07× |
| Effective Tax Rate | 6.88% | 0.09% | 0.31% | 1.66% | -0.89% | 25.15% |
| Cash Conversion Ratio | 0.14× | 0.13× | 0.26× | 0.44× | 0.16× | 0.95× |
| Accruals Ratio | -0.28× | -0.75× | -0.26× | -0.32× | -0.27× | -0.00× |
| SBC % of Revenue | 18.27% | 13.35% | 12.03% | 7.01% | 41.64% | 0.00% |
| CapEx Coverage | -79.91× | -78.76× | -9153.50× | -63.61× | -30.67× | -47.85× |
| Free Cash Flow Per Share | $-0.12 | $-0.17 | $-0.12 | $-0.39 | $-0.19 | $-0.07 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 127.67M | 158.24M | 155.16M | 155.01M | 145.58M | 31.55M |
| Cost of Revenue | 99.19M | 113.02M | 114.56M | 112.02M | 111.51M | 22.88M |
| Gross Profit | 28.48M | 45.22M | 40.60M | 42.99M | 34.07M | 8.68M |
| Research and Development Expense | 16.75M | 10.86M | 5.04M | 8.39M | 6.03M | 530.00K |
| Selling, General and Administrative Expense | 95.13M | 80.04M | 71.06M | 84.78M | 106.51M | 7.91M |
| Operating Income (Loss) | -213.90M | -133.42M | -39.03M | -110.53M | -78.47M | -9.86M |
| Income Tax Expense (Benefit) | -21.72M | -256.00K | -222.00K | -1.88M | 1.08M | -2.63M |
| Net Income (Loss) Attributable to Parent | -293.91M | -295.55M | -70.66M | -111.37M | -123.55M | -7.84M |
| Earnings Per Share, Basic | $-0.82 | $-1.27 | $-0.47 | $-0.87 | $-1.15 | $-0.07 |
| Weighted Average Number of Shares Outstanding, Basic | 358.80M | 233.60M | 149.23M | 127.70M | 107.01M | 105.00M |
| Earnings Per Share, Diluted | $-0.82 | $-1.27 | $-0.47 | $-0.87 | $-1.15 | $-0.07 |
| Weighted Average Number of Shares Outstanding, Diluted | 358.80M | 233.60M | 149.23M | 127.70M | 107.01M | 105.00M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 87.13M | 50.14M | 32.56M | 12.63M | 68.90M | 9.70M |
| Assets, Current | 330.54M | 93.76M | 63.78M | 54.34M | 206.18M | 34.35M |
| Assets | 894.55M | 343.78M | 199.91M | 195.31M | 383.32M | 218.37M |
| Long-term Debt | 107.04M | 136.22M | 157.38M | 194.38M | 194.60M | 106.99M |
| Liabilities, Current | 185.52M | 202.97M | 69.11M | 35.76M | 70.02M | 12.05M |
| Long-term Debt, Excluding Current Maturities | 90.48M | 135.40M | 156.16M | 192.32M | 190.36M | 105.89M |
| Liabilities | 282.68M | 347.49M | 229.91M | 233.18M | 260.95M | 117.97M |
| Stockholders' Equity Attributable to Parent | 611.87M | -3.71M | -30.00M | 9.76M | 159.69M | 100.40M |
| Common Stock, Shares, Outstanding | 436.96M | 251.55M | 157.29M | 127.02M | 135.57M | 8.95M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -41.95M | -38.12M | -18.31M | -48.92M | -19.78M | -7.42M |
| Payments to Acquire Property, Plant, and Equipment | 525.00K | 484.00K | 2.00K | 769.00K | 645.00K | 155.00K |
| Net Cash Provided by (Used in) Investing Activities | -606.68M | 2.82M | -3.83M | -5.23M | -863.00K | -184.87M |
| Payments for Repurchase of Common Stock | — | 0 | 0 | 100.90M | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | 691.31M | 52.46M | 42.06M | -103.14M | 180.86M | 201.99M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -18.32M | -22.09M | -20.39M | -10.62M | -6.74M | -14.99M |
| EBITDA | -17.17M | -76.29M | — | — | -17.74M | -5.01M |
| Working Capital | 329.25M | 145.02M | 421.84M | 202.64M | 59.12M | -109.21M |
| Net Debt | -76.59M | 27.69M | -343.69M | -278.20M | 3.66M | 96.27M |
| Gross Margin | 34.04% | 20.32% | 22.41% | 24.98% | 21.26% | 37.43% |
| Operating Margin | -70.44% | -294.97% | -65.96% | -278.09% | -61.02% | -18.58% |
| Net Margin | -164.84% | -21.36% | 7.61% | -704.05% | -178.34% | -315.29% |
| Return on Equity (ROE) | -7.18% | -0.95% | 0.41% | -85.77% | -31.34% | 3720.54% |
| Return on Assets (ROA) | -6.59% | -0.65% | 0.27% | -38.14% | -15.64% | -40.20% |
| Current Ratio | 6.08× | 1.78× | 3.13× | 1.91× | 1.66× | 0.46× |
| Debt-to-Equity | 0.03× | 0.19× | 0.19× | 0.42× | 0.56× | -39.42× |
| Effective Tax Rate | -0.02% | 78.88% | 0.67% | -0.01% | -0.04% | 0.20% |
| Cash Conversion Ratio | 0.32× | 3.75× | -7.98× | 0.05× | 0.11× | 0.11× |
| Accruals Ratio | -0.04× | 0.02× | 0.02× | -0.36× | -0.14× | -0.36× |
| SBC % of Revenue | 9.94% | 23.04% | 51.41% | 36.09% | 21.29% | 11.53% |
| CapEx Coverage | -56.43× | -86.64× | -73.69× | -123.91× | -83.30× | -82.26× |
| Free Cash Flow Per Share | $-0.04 | $-0.06 | $-0.05 | $-0.03 | $-0.03 | $-0.06 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 34.44M | 27.30M | 33.14M | 32.47M | 34.76M | 43.83M |
| Cost of Revenue | 22.71M | 21.75M | 25.71M | 24.36M | 27.37M | 27.42M |
| Gross Profit | 11.72M | 5.55M | 7.43M | 8.11M | 7.39M | 16.41M |
| Research and Development Expense | 5.53M | 4.82M | 3.38M | 4.39M | 4.17M | 2.33M |
| Selling, General and Administrative Expense | 29.23M | 25.66M | 25.25M | 21.49M | 22.73M | 22.24M |
| Operating Income (Loss) | -24.25M | -80.53M | -21.86M | -90.30M | -21.21M | -8.14M |
| Income Tax Expense (Benefit) | 14.00K | -21.78M | 17.00K | 14.00K | 25.00K | -278.00K |
| Net Income (Loss) Attributable to Parent | -56.76M | -5.83M | 2.52M | -228.62M | -61.99M | -138.18M |
| Earnings Per Share, Basic | $-0.12 | $0.05 | $0.01 | $-0.71 | $-0.25 | $-0.58 |
| Weighted Average Number of Shares Outstanding, Basic | 473.06M | 358.80M | 396.59M | 320.59M | 252.34M | 233.60M |
| Earnings Per Share, Diluted | $-0.12 | $0.05 | $-0.03 | $-0.71 | $-0.25 | $-0.58 |
| Weighted Average Number of Shares Outstanding, Diluted | 473.06M | 358.80M | 448.16M | 320.59M | 252.34M | 233.60M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 100.70M | 87.13M | 456.58M | 390.85M | 107.61M | 50.14M |
| Assets, Current | 394.01M | 330.54M | 619.76M | 424.28M | 148.23M | 93.76M |
| Assets | 861.66M | 894.55M | 919.76M | 599.37M | 396.27M | 343.78M |
| Long-term Debt | 16.60M | 107.04M | 104.85M | 103.05M | 101.41M | 136.22M |
| Liabilities, Current | 64.76M | 185.52M | 197.92M | 221.65M | 89.11M | 202.97M |
| Long-term Debt, Excluding Current Maturities | 0 | 90.48M | 104.85M | 102.68M | 100.59M | 135.40M |
| Liabilities | 71.26M | 282.68M | 309.74M | 332.82M | 198.47M | 347.49M |
| Stockholders' Equity Attributable to Parent | 790.40M | 611.87M | 610.02M | 266.55M | 197.79M | -3.71M |
| Common Stock, Shares, Outstanding | 477.01M | 436.96M | 435.78M | 369.17M | 289.05M | 251.55M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -18.00M | -21.83M | -20.12M | -10.53M | -6.66M | -14.81M |
| Payments to Acquire Property, Plant, and Equipment | 319.00K | 252.00K | 273.00K | 85.00K | 80.00K | 180.00K |
| Net Cash Provided by (Used in) Investing Activities | 32.72M | -343.83M | -262.85M | -2.78M | -1.62M | -3.41M |
| Net Cash Provided by (Used in) Financing Activities | -783.00K | 1.26M | 690.05M | 354.76M | 65.94M | 2.29M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (BBAI CIK 0001836981),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.