BigBear.ai
Secure AI for defense, intelligence, travel, trade, and edge operations.
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Profile
Deploys secure generative AI, edge orchestration, predictive analytics, digital twins, computer vision, biometrics, and cargo-inspection software for defense, intelligence, travel, and trade operations. Revenue comes mainly from performing U.S. government contracts, with selected commercial and international deployments.
Builds and deploys mission-ready AI for national security, travel, and trade. Its portfolio pairs a secure, model-agnostic generative AI platform built from Ask Sage with ConductorOS edge orchestration, predictive decision support, digital twins, computer vision, biometrics, and CargoSeer shipment inspection.
Most work centers on U.S. defense, intelligence, and federal missions, while Pangiam screening and digital-identity tools and cargo-security software extend into airports, customs, ports, and selected commercial logistics operations across Europe, the Middle East, and Latin America. Security-cleared technical teams integrate models, sensors, mission data, and customer workflows in distributed or disconnected environments.
Revenue is primarily recognized as contract work is performed and remains concentrated in government programs. Execution depends on appropriations and procurement timing, renewals and task orders, required security clearances, export and contracting rules, and integration of recently acquired technology.
Company facts
Key statistics
Year to date −47.5% · Average volume (30d) 21.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 31, 2026 | Cantor Fitzgerald | Reiterate | Neutral | $6 | $4 | |
| Jan 7, 2026 | Cantor Fitzgerald | Downgrade | Overweight | Neutral | $7 | $6 |
| Nov 11, 2025 | Cantor Fitzgerald | Target | $7 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | −$0.04 | −$0.05 | −25.0% | $36.4M | $36.7M | +1.0% | +3.10% |
| Jul 30, 2026Q2 FY26 | −$0.05 | −$0.05 | −11.1% | $36.4M | $36.7M | +1.0% | −1.41% |
| May 5, 2026Q1 FY26 | −$0.08 | −$0.08 | 0.0% | $33.6M | $34.4M | +2.5% | +5.56% |
| Mar 2, 2026Q4 FY25 | −$0.05 | −$0.04 | +20.0% | $33.3M | $27.3M | −18.1% | −7.32% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $34.8M | $32.5M | $33.1M | $27.3M | $34.4M | $36.7M | |
| Gross profit | $7.4M | $8.1M | $7.4M | $5.5M | $11.7M | $12.1M | |
| Operating income | −$19.5M | −$17.8M | −$21.2M | −$24.3M | −$23.0M | −$27.4M | |
| Net income | −$62.0M | −$228.6M | $2.5M | −$5.8M | −$56.8M | −$25.7M | |
| Diluted EPS | −$0.25 | −$0.71 | −$0.03 | −$0.01 | −$0.12 | −$0.05 | |
| Gross margin | 21.3% | 25.0% | 22.4% | 20.3% | 34.0% | 32.8% | |
| Operating margin | -56.1% | -54.7% | -64.0% | -88.9% | -66.9% | -74.4% |
Fiscal years (4-quarter sums)FY21 $145.6M · FY22 $155.0M · FY23 $155.2M · FY24 $158.2M · FY25 $127.7M
Revenue by product · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $36.3M · Total debt $22.8M · Total assets $841.3M · Shareholders' equity $770.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 479.49M · Float 473.77M · 98.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 40.57M | 8.46% | 13F | Aug 7, 2026 |
| Vanguard Capital Management | 24.81M | 5.18% | 13G | Jul 31, 2026 |
| Geode Capital Management, LLC | 12.40M | 2.59% | 13F | Aug 12, 2026 |
| State Street Corp | 12.19M | 2.54% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 10.77M | 2.25% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 22, 2026 | Sean Raymond Ricker | officer: Chief Financial Officer | −10,000 | $4.33 |
| May 8, 2026 | Dorothy D. Hayes | director | −15,000 | $4.11 |
| Mar 16, 2026 | Pamela Joyce Braden | director | −80,000 | $4.00 |
| Mar 6, 2026 | Dorothy D. Hayes | director | −17,000 | $3.98 |
| Dec 4, 2025 | Sean Raymond Ricker | officer: Chief Financial Officer | −5,000 | $7.06 |
Peers
- Palantir Technologies
Government AI platforms for sensitive mission operations
- Leidos
Federal mission software, AI analytics, cyber, and biometrics
- Booz Allen Hamilton
Federal AI and cyber integrator for national-security missions
- Science Applications International
Government IT and AI integrator for defense and civil missions
- Parsons
National-security AI, cyber, infrastructure, and mobility tech
- C3.ai
Enterprise and agentic AI for federal and industrial workflows
- BlackSky Technology
Space-based intelligence and AI analytics for security users
- Clear Secure
Biometric identity platform for travel and access workflows
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BigBear.ai | $3.07 | +0.16% | $1.47B | — | — | 11.2 | +13.2% |
| Palantir Technologies | $185.46 | −0.39% | $427.73B | 157.9 | 97.9 | 69.5 | +92.8% |
| Leidos | $141.00 | +0.31% | $17.69B | 13.1 | 11.6 | 1.0 | +7.2% |
| Booz Allen Hamilton | $75.24 | −0.05% | $9.05B | 11.8 | 12.0 | 0.8 | −4.2% |
| Science Applications International | $127.50 | +1.24% | $5.33B | 14.2 | 13.0 | 0.7 | +1.6% |
| Parsons | $49.00 | 0.00% | $5.23B | 33.8 | 14.8 | 0.8 | −0.5% |
| C3.ai | $10.57 | +0.26% | $1.60B | — | — | 6.4 | −52.5% |
| BlackSky Technology | $23.40 | −1.29% | $969.8M | — | — | 8.9 | +50.1% |
| Clear Secure | $43.29 | −0.40% | $4.37B | 29.3 | 21.1 | 4.4 | +26.6% |
| Median | 21.8 | 13.9 | 2.7 | +4.4% |