BigBear.ai Holdings, Inc. (BBAI) AI Stock Analysis

BigBear.ai Holdings, Inc. specializes in leveraging artificial intelligence and machine learning to deliver decision support solutions across two primary segments: Cyber & Engineering and Analytics. In Cyber & Engineering, the company provides technology and management consulting, encompassing cloud engineering, enterprise IT solutions, cybersecurity, computer network operations, wireless technologies, systems engineering, and strategic program planning. In Analytics, BigBear.ai delivers technology and consulting focused on big data computing, predictive analytics, and prescriptive analytics. These capabilities enable clients to aggregate and synthesize data for real-time decision-making, operational efficiency, and security across diverse industries.

BigBear.ai's revenue grew from $145.6M in FY2021 to $155.0M in FY2022, $155.2M in FY2023, and $158.2M in FY2024, before declining 19.3% to $127.7M in FY2025. Between FY2020 and FY2025, revenue delivered a 5-year CAGR of 6.9%. Gross margin contracted from 28.6% in FY2024 to 22.3% in FY2025. Operating margin was -65.3% in FY2025, alongside net income of -$293.9M and an EPS of -$0.96. Free cash flow was -$46.3M in FY2025 following -$49.2M in FY2024. For the latest quarter ended June 30, 2026, quarterly revenue grew 13.2% year-over-year, bringing trailing twelve-month revenue to $131.6M with a profit margin of -65.2%.

As of June 30, 2026, BigBear.ai held $36.3M in cash and short-term investments against total debt of $22.8M, resulting in net cash of $13.5M. Total assets stood at $841.3M and shareholders' equity reached $770.3M. The company maintains a current ratio of 5.67 and a debt-to-equity ratio of 0.03. In FY2025, operating cash flow was -$42.0M, while cash usage included capital expenditures of $4.4M and share buybacks of $551,000. Over five years, the share count increased by 325.7%.

At a closing price of $2.16 on October 16, 2026, BigBear.ai traded at an enterprise value of $1.07B and a market capitalization of $1.04B. The stock carries a price-to-sales multiple of 7.9x and an EV-to-revenue multiple of 8.1x, well above the 2.8x price-to-sales median of its US-listed Technology peers. The company's price-to-book ratio is 1.8x. Over the past year, BBAI returned -71.9%, underperforming the S&P 500 (SPY) return of 16.8%. The stock is down 60.0% year-to-date and trades 43.1% below its 200-day average.

Consensus coverage from analysts shows 2 Hold ratings, with 0 Strong Buy, 0 Buy, 0 Sell, and 0 Strong Sell ratings. The mean price target is $4.00, representing an 85.2% premium over the last close of $2.16. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $145.3M and an EPS of -$0.27. For the following fiscal year, 2 analysts project revenue of $161.0M and an EPS of -$0.16. BigBear.ai beat EPS estimates in 3 of the last 4 quarters, with its next earnings date scheduled for October 27, 2026.

This page is an AI-written research summary of BigBear.ai Holdings, Inc. (BBAI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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