BigBear.ai Holdings (BBAI) Cash Flow: Operating & Free Cash Flow

BigBear.ai Holdings Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for BigBear.ai Holdings, Inc. (BBAI) - 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
Operating Activities
Net Income	-293.91	-295.55	-70.66	-111.37	-123.55	-2.55	6.25
Depreciation & Amortization	15.28	11.87	7.90	7.76	7.26	1.10	0.05
Deferred Income Tax	-21.66	-0.33	-0.24	-1.92	1.04	0.00	0.00
Stock Based Compensation	23.33	21.13	18.67	10.87	60.62	0.08	0.10
Change in Working Capital	4.96	-13.55	3.61	0.51	-2.08	3.97	-2.28
Change in Accounts Receivable	17.91	-7.83	2.89	-1.08	-5.23	2.39	-2.62
Change in Accounts Payable	-5.70	-4.03	-4.38	9.94	2.74	0.00	-0.35
Change in Other Working Capital	-7.26	0.66	13.29	-8.35	0.68	1.58	0.69
Other Operating Activities	230.05	237.98	13.29	45.25	0.68	-1.40	0.00
Net Cash from Operating Activities	-41.95	-38.12	-18.31	-48.92	-19.78	1.20	4.12
Investing Activities
Capital Expenditures	-4.37	-0.48	-3.83	-0.77	-0.64	-0.28	-0.02
Acquisitions	-229.03	13.94	0.00	-4.47	-0.22	-184.71	0.00
Purchases of Investments	-564.45	0.00	0.00	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	191.15	-10.63	0.00	0.00	0.01	0.00	0.00
Other Investing Activities	-3.84	-10.63	-3.83	0.00	0.01	0.00	0.00
Net Cash from Investing Activities	-606.68	2.82	-3.83	-5.23	-0.86	-184.99	-0.02
Financing Activities
Debt Repayment	-0.82	-1.23	-2.06	-2.17	-115.00	107.25	-2.00
Common Stock Issued	707.79	55.60	50.00	0.00	0.00	0.00	0.00
Common Stock Repurchased	-0.55	-2.38	-5.72	-100.90	0.00	0.00	0.00
Dividends Paid	0.00	0.00	0.00	0.00	0.00	-9.77	-0.84
Other Financing Activities	-15.11	-0.35	-2.56	-0.07	86.63	94.74	0.00
Net Cash from Financing Activities	691.31	52.46	42.06	-103.14	180.86	192.22	-2.84
Summary
Effect of Forex Changes on Cash	-0.17	0.42	0.00	0.00	0.00	0.00	0.00
Net Change in Cash	42.51	17.58	19.93	-157.29	160.22	8.42	1.26
Cash at Beginning of Period	50.14	32.56	12.63	169.92	9.70	1.64	0.38
Cash at End of Period	92.65	50.14	32.56	12.63	169.92	10.07	1.64
Free Cash Flow	-46.32	-38.60	-22.14	-49.69	-20.42	0.92	4.10
Supplemental Disclosures
Interest Paid	-	12.56	12.19	12.41	6.24	0.38	-
Income Taxes Paid	-	-1.51	-0.03	0.01	0.07	-	-

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 Cash Flow

What is BigBear.ai Holdings's free cash flow?

BigBear.ai Holdings had negative free cash flow of $46.32M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$41.95M minus $4.37M of capital expenditures.

How much does BigBear.ai Holdings spend on capital expenditures?

BigBear.ai Holdings spent $4.37M on capital expenditures in fiscal 2025, compared with $484.00K a year earlier.

Does BigBear.ai Holdings pay dividends or buy back shares?

Yes. In fiscal 2025 BigBear.ai Holdings returned $551.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition