# BigBear.ai Holdings, Inc.: overview

BBAI · NYSE · CIK 1836981 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/bbai.md) · [Financials](/companies/bbai/financials.md) · [Filings](/companies/bbai/filings.md) · [Insiders](/companies/bbai/insiders.md)

Latest reported revenue: [$36.7m](/filings/0001836981-26-000064.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 30, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001836981-26-000064).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [41.5](/filings/0001836981-25-000028.md) | [43.8 d](/filings/0001836981-26-000018.md) | [34.8](/filings/0001836981-26-000049.md) | [32.5](/filings/0001836981-26-000064.md) | [33.1](/filings/0001836981-25-000028.md) | [27.3 d](/filings/0001836981-26-000018.md) | [34.4](/filings/0001836981-26-000049.md) | [36.7](/filings/0001836981-26-000064.md) |
| Gross margin | % | [25.9%](/filings/0001836981-25-000028.md) | [37.4% d](/filings/0001836981-26-000018.md) | [21.3%](/filings/0001836981-26-000049.md) | [25.0%](/filings/0001836981-26-000064.md) | [22.4%](/filings/0001836981-25-000028.md) | [20.3% d](/filings/0001836981-26-000018.md) | [34.0%](/filings/0001836981-26-000049.md) | [32.8%](/filings/0001836981-26-000064.md) |
| Operating margin | % | [(25.4%)](/filings/0001836981-25-000028.md) | [(18.6%) d](/filings/0001836981-26-000018.md) | [(61.0%)](/filings/0001836981-26-000049.md) | [(278.1%)](/filings/0001836981-26-000064.md) | [(66.0%)](/filings/0001836981-25-000028.md) | [(295.0%) d](/filings/0001836981-26-000018.md) | [(70.4%)](/filings/0001836981-26-000049.md) | [(77.7%)](/filings/0001836981-26-000064.md) |
| Net margin | % | [(36.5%)](/filings/0001836981-25-000028.md) | [(315.3%) d](/filings/0001836981-26-000018.md) | [(178.3%)](/filings/0001836981-26-000049.md) | [(704.0%)](/filings/0001836981-26-000064.md) | [7.6%](/filings/0001836981-25-000028.md) | [(21.4%) d](/filings/0001836981-26-000018.md) | [(164.8%)](/filings/0001836981-26-000049.md) | [(70.1%)](/filings/0001836981-26-000064.md) |
| Diluted EPS | $ per share | [(0.06)](/filings/0001836981-25-000028.md) | not reported | [(0.25)](/filings/0001836981-26-000049.md) | [(0.71)](/filings/0001836981-26-000064.md) | [(0.03)](/filings/0001836981-25-000028.md) | not reported | [(0.12)](/filings/0001836981-26-000049.md) | [(0.05)](/filings/0001836981-26-000064.md) |
| Free cash flow | $m | [(2.0) d](/filings/0001836981-25-000028.md) | [(15.0) d](/filings/0001836981-26-000018.md) | [(6.7)](/filings/0001836981-26-000049.md) | [(3.9) d](/filings/0001836981-26-000064.md) | [(9.8) d](/filings/0001836981-25-000028.md) | [(22.1) d](/filings/0001836981-26-000018.md) | [(18.3)](/filings/0001836981-26-000049.md) | [(22.5) d](/filings/0001836981-26-000064.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [146](/filings/0001628280-24-011538.md) | [155](/filings/0001628280-25-014752.md) | [155](/filings/0001836981-26-000018.md) | [158](/filings/0001836981-26-000018.md) | [128](/filings/0001836981-26-000018.md) |
| Gross margin | % | [23.4%](/filings/0001628280-24-011538.md) | [27.7%](/filings/0001628280-25-014752.md) | [26.2%](/filings/0001836981-26-000018.md) | [28.6%](/filings/0001836981-26-000018.md) | [22.3%](/filings/0001836981-26-000018.md) |
| Operating margin | % | [(53.9%)](/filings/0001628280-24-011538.md) | [(71.3%)](/filings/0001628280-25-014752.md) | [(25.2%)](/filings/0001836981-26-000018.md) | [(84.3%)](/filings/0001836981-26-000018.md) | [(167.5%)](/filings/0001836981-26-000018.md) |
| Net margin | % | [(84.9%)](/filings/0001628280-24-011538.md) | [(71.8%)](/filings/0001628280-25-014752.md) | [(45.5%)](/filings/0001836981-26-000018.md) | [(186.8%)](/filings/0001836981-26-000018.md) | [(230.2%)](/filings/0001836981-26-000018.md) |
| Diluted EPS | $ per share | [(1.15)](/filings/0001628280-24-011538.md) | [(0.87)](/filings/0001628280-25-014752.md) | [(0.47)](/filings/0001836981-26-000018.md) | [(1.27)](/filings/0001836981-26-000018.md) | [(0.82)](/filings/0001836981-26-000018.md) |
| Free cash flow | $m | [(20.4)](/filings/0001628280-24-011538.md) | [(49.7)](/filings/0001628280-25-014752.md) | [(18.3)](/filings/0001836981-26-000018.md) | [(38.6)](/filings/0001836981-26-000018.md) | [(42.5)](/filings/0001836981-26-000018.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/bbai/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $148.9m | 40,571,630 |  | Added +4,617,576 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $77.8m | 21,201,689 |  | Added +1,944,133 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $45.5m | 12,396,241 |  | Added +1,802,219 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $44.7m | 12,186,162 |  | Added +1,683,488 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $39.5m | 10,774,316 |  | Added +820,579 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $35.6m | 9,691,775 |  | Reduced −469,469 |
| [VAN ECK ASSOCIATES CORP](/funds/869178.md) | 2026-06-30 | $30.0m | 8,178,320 |  | Reduced −1,305,704 |
| [MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.](/funds/1705339.md) | 2026-06-30 | $21.2m | 5,779,715 |  | Reduced −499,480 |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $19.7m | 5,379,946 |  | Reduced −1,944,270 |
| [NORTHERN TRUST CORP](/funds/73124.md) | 2026-06-30 | $15.9m | 4,331,092 |  | Added +622,618 |

## Recent filings

[All 700 filings](/companies/bbai/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-27 | 16:10 ET | [8-K](/filings/0001836981-26-000080.md) | 2.02 Results of operations | 0001836981-26-000080 |
| 2026-09-15 | 16:26 ET | [8-K](/filings/0001836981-26-000068.md) | 5.02 Departure or appointment of officers or directors | 0001836981-26-000068 |
| 2026-08-17 | 16:16 ET | [8-K](/filings/0001437749-26-028183.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001437749-26-028183 |
| 2026-07-31 | 17:18 ET | [8-K](/filings/0001193125-26-328866.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-328866 |
| 2026-07-30 | 16:22 ET | [10-Q](/filings/0001836981-26-000064.md) | Quarterly report, period 2026-06-30 | 0001836981-26-000064 |
| 2026-07-30 | 16:16 ET | [8-K](/filings/0001836981-26-000062.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001836981-26-000062 |
| 2026-06-12 | 16:58 ET | [8-K](/filings/0001193125-26-269639.md) | 5.03 Amendment to articles or bylaws; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001193125-26-269639 |
| 2026-05-05 | 16:36 ET | [10-Q](/filings/0001836981-26-000049.md) | Quarterly report, period 2026-03-31 | 0001836981-26-000049 |
| 2026-05-05 | 16:19 ET | [8-K](/filings/0001836981-26-000047.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001836981-26-000047 |
| 2026-04-28 | 16:21 ET | [DEF 14A](/filings/0001836981-26-000028.md) | Proxy statement, period 2026-06-09 | 0001836981-26-000028 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001836981-26-000018.md), filed Mar 2, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, locked when the 8-K was accepted. It is scored when the 10-Q or 10-K is ingested. [See the target](/leagues/2026q3/targets/73db344e-9195-4e12-bec5-d1fc3ba5b5ec)

## About the filer

- CIK: 1836981
- Tickers: BBAI, BBAI-WT
- Exchange: NYSE
- SIC code: 7372 Services-Prepackaged Software
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 16:12 ET. No prices; not investment advice.