"Last quarter, revenue fell 38% YoY to $27.30 million, gross margin compressed to 20.3% from 37.4%, and adjusted EBITDA came in at -$10.25 million."
"BigBear ended 2025 with $462 million in cash and investments, reduced debt by more than 90%, and converted $125 million in convertible notes to equity."
"The $400M+ backlog figure needs to grow as One Big Beautiful Bill funding flows into DHS and DoD."
"CEO McAleenan, CFO Sean Ricker, and General Counsel Carolyn Blankenship all sold shares on March 31 and April 1, 2026, in the weeks ahead of tonight."
BigBear.ai is set to report first-quarter results, highlighting fresh 2026 guidance and two significant acquisitions. Last quarter, revenue fell 38% year-over-year to $27.30 million, with a gross margin drop to 20.3%. The company ended 2025 with $462 million in cash, reduced debt by over 90%, and converted $125 million in convertible notes to equity. The acquisitions of Ask Sage and CargoSeer are expected to reshape revenue dynamics. Key focus areas include organic versus acquired revenue, margin recovery, and backlog growth.
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