BigBear.ai Holdings, Inc. (BBAI) Key Metrics
BBAI valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $1.04B
- Enterprise value
- $1.07B
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 7.9 10-yr median 4.2
- Price / book
- 1.8
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 3.26
BBAI key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsBBAI valuation Price multiples at each fiscal year-end price.
BBAI returns How much profit the business earns on the capital it uses.
BBAI per-share figures Results divided by the shares outstanding at year-end.
BBAI financial health Debt, liquidity and how easily interest is covered.
BBAI efficiency & capital use Working capital cycle and where the cash goes.
BBAI valuation history
BBAI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
BBAI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
BBAI cash returned to shareholders
BBAI price vs earnings per share
BBAI key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $1.94B | $1.04B | $319.4M | $86.1M | $605.7M | — | — | — |
| Enterprise value | $1.87B | $1.14B | $487.4M | $273.7M | $731.4M | — | — | — |
| Price / sales | 15.2 | 6.6 | 2.1 | 0.6 | 4.2 | — | — | — |
| Price / book | 3.2 | — | — | — | 4.9 | — | — | — |
| EV / sales | 14.7 | 7.2 | 3.1 | 1.8 | 5.0 | — | — | — |
| Earnings yield | −15.2% | −28.4% | −22.1% | −129.4% | −20.4% | — | — | — |
| Free cash flow yield | −2.4% | −4.7% | −6.9% | −57.7% | −3.4% | — | — | — |
| Dividend yield | — | — | 0.4% | 0.0% | 0.0% | — | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.0% | 2.2% | 117.2% | 0.0% | — | — | — |
| Share price at fiscal year-end | $5.40 | $4.45 | $2.14 | $0.67 | $5.66 | — | — | — |
| Per share | ||||||||
| Revenue per share | $0.36 | $0.68 | $1.04 | $1.21 | $1.36 | $0.87 | $0.70 | $0.47 |
| Earnings per share | −$0.82 | −$1.27 | −$0.47 | −$0.87 | −$1.15 | −$0.02 | $0.06 | $0.04 |
| Operating cash flow per share | −$0.12 | −$0.16 | −$0.12 | −$0.38 | −$0.18 | $0.01 | $0.04 | $0.02 |
| Free cash flow per share | −$0.13 | −$0.21 | −$0.15 | −$0.39 | −$0.19 | $0.01 | $0.04 | $0.02 |
| Cash per share | $0.24 | $0.21 | $0.22 | $0.10 | $0.64 | $0.09 | $0.02 | — |
| Book value per share | $1.71 | −$0.02 | −$0.45 | −$0.30 | $1.14 | $0.96 | $0.11 | — |
| Tangible book value per share | $0.64 | −$1.04 | −$1.33 | −$1.35 | −$0.49 | −$0.77 | $0.11 | — |
| Dividends per share | — | — | $0.01 | $0.00 | $0.00 | $0.09 | $0.01 | $0.02 |
| Capex per share | $0.01 | $0.05 | $0.03 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 |
| Debt per share | $0.07 | $0.63 | $1.34 | $1.57 | $1.82 | $1.02 | — | — |
| Shares outstanding | 358.8M | 233.6M | 149.2M | 127.7M | 107.0M | 105.0M | 105.0M | 105.0M |
| Change in shares outstanding | +53.6% | +56.5% | +16.9% | +19.3% | +1.9% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | −96.7% | — | — | — | −110.9% | −4.5% | 53.5% | — |
| Return on invested capital (ROIC) | −20.5% | −109.1% | −24.6% | −43.9% | −27.8% | −2.2% | 63.5% | — |
| Return on assets (ROA) | −47.5% | −108.7% | −35.8% | −38.5% | −41.1% | −2.2% | 39.2% | — |
| Return on tangible assets | −57.2% | −279.9% | −102.1% | −182.7% | −59.4% | −7.0% | 39.2% | — |
| Free cash flow margin | −36.3% | −31.1% | −14.3% | −32.1% | −14.0% | 1.0% | 5.6% | 3.7% |
| Income quality (OCF / net income) | — | — | — | — | — | — | 0.66 | 0.49 |
| Financial health | ||||||||
| Total debt | $24.3M | $146.4M | $200.6M | $200.3M | $194.6M | $107.0M | — | — |
| Cash & short-term investments | $87.1M | $50.1M | $32.6M | $12.6M | $68.9M | $9.7M | $1.6M | — |
| Net debt | −$62.8M | $96.3M | $168.0M | $187.6M | $125.7M | $97.3M | −$1.6M | — |
| Debt / equity | 0.04 | — | — | — | 1.59 | 1.07 | — | — |
| Debt / assets | 0.03 | 0.43 | 1.00 | 1.03 | 0.51 | 0.49 | — | — |
| Net debt / EBITDA | — | — | — | — | — | 14.72 | −0.26 | — |
| Current ratio | 1.78 | 0.46 | 0.93 | 1.52 | 2.94 | 2.85 | 3.70 | — |
| Quick ratio | 1.78 | 0.46 | 0.93 | 1.52 | 1.50 | 2.85 | 3.70 | — |
| Interest coverage | -4.6 | -5.2 | -2.7 | -7.7 | -10.1 | — | 50.3 | 93.3 |
| Working capital | $145.0M | −$109.2M | −$4.8M | $18.6M | $136.2M | $22.3M | $11.5M | — |
| Invested capital | $549.1M | $92.6M | $100.7M | $149.8M | $248.1M | $197.7M | $10.0M | — |
| Tangible asset value | $231.3M | −$241.9M | −$198.1M | −$172.2M | −$52.9M | −$81.4M | $11.7M | — |
| Net current asset value | $47.9M | −$253.7M | −$203.5M | −$178.8M | −$54.8M | −$83.6M | $11.5M | — |
| Graham number | — | — | — | — | — | — | $0.39 | — |
| Graham net-net per share | −$0.50 | −$1.14 | −$1.44 | −$1.54 | −$1.12 | −$0.86 | $0.07 | — |
| Capital allocation | ||||||||
| Dividends paid | — | — | $1.2M | $0 | $0 | $9.8M | $839,000 | $2.6M |
| Share buybacks (net) | $551,000 | $0 | $5.7M | $100.9M | $0 | $192.2M | — | — |
| Dividend payout ratio | — | — | — | — | — | — | 13.4% | 67.1% |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | 20.4% | 142.2% |
| Capex / revenue | 3.4% | 7.0% | 2.5% | 0.5% | 0.4% | 0.3% | 0.0% | 0.1% |
| Capex / operating cash flow | — | — | — | — | — | 23.0% | 0.4% | 3.2% |
| Capex / depreciation | 0.29 | 0.94 | 0.48 | 0.10 | 0.09 | 0.25 | 0.36 | 1.20 |
| Stock-based compensation / revenue | 18.3% | 13.4% | 12.0% | 7.0% | 41.6% | 0.1% | 0.1% | — |
| R&D / revenue | 13.1% | 6.9% | 3.2% | 5.4% | 4.1% | 0.7% | 0.1% | — |
| SG&A / revenue | 74.5% | 44.6% | 42.4% | 58.4% | 73.7% | — | 14.9% | 15.8% |
| Efficiency | ||||||||
| Days sales outstanding | 89.4 | 76.8 | 68.4 | 71.4 | 66.7 | 75.5 | 68.4 | — |
| Days of inventory on hand | — | — | 0.0 | — | 165.3 | 0.0 | 0.0 | — |
| Days payables outstanding | 26.8 | 31.5 | 42.2 | 34.0 | 13.4 | 10.0 | 7.0 | — |
| Cash conversion cycle (days) | 62.7 | 45.4 | 26.3 | 37.3 | 218.6 | 65.6 | 61.4 | — |
| Receivables turnover | 4.08 | 4.75 | 5.33 | 5.11 | 5.47 | 4.83 | 5.34 | — |
| Payables turnover | 13.64 | 11.60 | 8.66 | 10.72 | 27.18 | 36.54 | 51.97 | — |
| Inventory turnover | — | — | 114,563,000.00 | — | 2.21 | 69,632,000.00 | 56,130,000.00 | — |
| Asset turnover | 0.21 | 0.58 | 0.79 | 0.54 | 0.48 | 0.78 | 4.62 | — |
| Average receivables | $31.3M | $33.3M | $29.1M | $30.3M | $26.6M | $18.9M | $13.8M | — |
| Average payables | $7.3M | $9.7M | $13.2M | $10.4M | $4.1M | $1.9M | $1.1M | — |
| Average inventory | — | — | $1 | — | $50.5M | $1 | $1 | — |
| Intangibles / total assets | 42.5% | 69.3% | 65.4% | 68.8% | 45.7% | 83.2% | 0.0% | — |
Computed from BBAI's annual financial statements (latest annual report filed March 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
BBAI valuation and financial ratios
BigBear.ai earned a return on equity of −96.7% and a return on invested capital of −20.5% in fiscal 2025. It ended the year with $24.3 million of debt and $87.1 million in cash and short-term investments, a net cash position of $62.8 million. It returned $0.6 million to shareholders: $0 in dividends and $0.6 million in share buybacks. The share count rose 241.7% from 105.0M to 358.8M over 7 years.
See the BBAI income statement, the BBAI chart for price history, or the BBAI stock overview for the latest quote and news.
BBAI key metrics FAQ
What is BigBear.ai's return on equity?
BigBear.ai's return on equity (ROE) was −96.7% in fiscal 2025: net income of -$293.9 million on average shareholders' equity of $304.1 million.
What is BigBear.ai's ROIC?
BigBear.ai's return on invested capital was −20.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does BigBear.ai have?
BigBear.ai had total debt of $24.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.04 and more cash than debt.
Does BigBear.ai buy back its shares?
Yes. BigBear.ai spent $0.6 million on net share repurchases in fiscal 2025 Shares outstanding changed +53.6% over the year, to 358.8M..
What is BigBear.ai's free cash flow yield?
BigBear.ai generated -$46.3 million of free cash flow in fiscal 2025, a free cash flow yield of −2.4% on its market value at year-end ($1.9 billion).
What is BigBear.ai's current ratio?
BigBear.ai's current ratio was 1.78 at the end of fiscal 2025: current assets were 1.78 times current liabilities.