Bigbear.ai Holdings vs Stem
Stem is the larger business, with $156m of revenue in fiscal 2025 against $128m for Bigbear.ai Holdings (1.2 times as much). Stem grew faster (8.1% against -19.3%). Stem kept more of each dollar of sales as profit: a net margin of 88.2% against -230.2%.
| Latest fiscal year | Bigbear.ai HoldingsBBAI, 2025 | StemSTEM, 2025 |
|---|---|---|
| Revenue | $128m | $156m |
| Revenue growth | -19.3% | 8.1% |
| Net income | −$294m | $138m |
| Operating margin | -167.5% | -35.6% |
| Net margin | -230.2% | 88.2% |
| Return on equity | -96.7% | — |
| Free cash flow | −$42.5m | $6.9m |
| Cash | $87.1m | $48.9m |
| Total debt | $142m | $184m |
| Debt to equity | 23.3% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 579 | 423 |
| Market value | $1.24bn | $21.6m |
| Price vs our value range | — | — |
| Moat score | 10 (Weak) | 0 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 17 sales |