BigBear.ai Holdings (BBAI) Financial Statements & Analysis

BigBear.ai Holdings (BBAI) Income Statement

BigBear.ai Holdings reported revenue of $127.67M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 19.3% from $158.24M a year earlier. BigBear.ai Holdings posted a net loss of $293.91M, compared with a net loss of $295.55M a year earlier. Gross margin was 22.3% and operating margin -167.5%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $36.75M, up 13.2% from the same quarter a year earlier.

BigBear.ai Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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BigBear.ai Holdings, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	127.67	158.24	155.16	155.01	145.58	91.32	73.63
Cost of Revenue	99.19	113.02	114.56	112.02	111.51	69.63	56.13
Gross Profit	28.48	45.22	40.60	42.99	34.07	21.69	17.50
Operating Expenses
Research & Development	16.75	10.86	5.04	8.39	6.03	0.62	0.11
Selling, General & Administrative	85.98	80.04	71.06	90.52	97.81	15.54	11.00
Operating Expenses	242.38	178.64	76.09	153.52	112.54	26.25	11.11
Operating Income	-213.90	-133.42	-35.49	-110.53	-78.47	-4.56	6.38
Other Income/Expense
Interest Income	13.25	0.00	0.39	0.00	0.00	-	0.00
Interest Expense	18.12	25.65	24.88	-24.09	-7.76	-0.62	0.13
Other Income/Expense	-101.74	-162.38	-10.90	-2.72	-44.00	4.64	-0.13
Income
Income Before Tax	-315.64	-295.80	-70.88	-113.25	-122.47	0.08	6.26
Income Tax Expense	-21.72	-0.26	-0.22	-1.88	1.08	2.63	0.01
Net Income	-293.91	-295.55	-70.66	-111.37	-123.55	-2.55	6.25
Net Income - Continuous Operations	-293.91	-295.55	-70.66	-111.37	-123.55	-2.55	6.25
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	-63.31	-258.28	-38.10	-48.17	-62.51	6.61	6.43
EBIT	-74.26	-270.16	-46.00	-55.92	-69.77	5.53	-
Depreciation & Amortization	15.28	11.87	7.90	7.76	7.26	1.08	0.05
Earnings Per Share
Basic EPS	-1.00	-1.00	-	-1.00	-1.00	-	-
Diluted EPS	-1.00	-1.00	-	-1.00	-1.00	-	-
Basic Shares Outstanding	358.80	233.60	149.23	127.70	107.01	105.00	105.00
Diluted Shares Outstanding	358.80	233.60	149.23	127.70	107.01	105.00	105.00

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About BigBear.ai Holdings Financial Statements

What was BigBear.ai Holdings's revenue in fiscal 2025?

BigBear.ai Holdings reported revenue of $127.67M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 19.3% from $158.24M a year earlier.

Is BigBear.ai Holdings profitable?

No. BigBear.ai Holdings reported a net loss of $293.91M in fiscal 2025. In fiscal 2024 it lost $295.55M.

What is BigBear.ai Holdings's operating margin?

BigBear.ai Holdings's operating income was −$213.90M on revenue of $127.67M in fiscal 2025, an operating margin of -167.5%, compared with -84.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition