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Bigbear.ai Holdings, Inc. (BBAI) stock

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NYSE: BBAI NYSE Application Software Next results ~January 25, 2027

D Fundamentals grade

Bigbear.ai Holdings, Inc. is a US-listed company in the application software industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Bigbear.ai Holdings, Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: free cash flow after stock pay is not positive. We'll show the comparison once resolved.

Bigbear.ai Holdings, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Bigbear.ai Holdings files

Where Bigbear.ai stands after its latest 10-Q

Revenue for the twelve months to September 2026 was $142m, down 1.5% on a year earlier, a smaller fall than the 13.7% decline a quarter earlier. Free-cash-flow margin fell to -51.2% from -24.5% a year earlier. Operating margin narrowed to -164.2% from -98.1%. The diluted share count is up 45.2% on a year earlier, which dilutes existing holders. It passes 5 of our 7 financial-health checks.

Our model value for Bigbear.ai Holdings is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 25, 2027 (estimated)

Bigbear.ai Holdings, Inc.'s trailing-twelve-month revenue fell 1.5% year on year, with a free-cash-flow margin of -51.2%. Where it stands out: long-term debt as % of assets of 0.0% ranks 1 of 98 application software companies we cover. Where it lags: change in share count of 45.2% ranks 147 of 163 application software companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 105.6% while net income grew 57.7%: a 163pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.1bn.

Things to watch

  • Revenue shrinking. Revenue fell 1.5% over the last 12 months.
  • Loss-making. Operating margin is -164.2%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 66.1 points on a year ago.
  • Burning cash. Free cash flow was -51.2% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 45.2% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 79% and a beta of 3.2 against the S&P 500.

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
-$0.19 against an average estimate of -$0.06: missed by 245.4%
Revenue
$44m, up 31.5% on a year earlier
Share reaction
+16.0% in the first session after the results on October 27, 2026, against +0.9% for the S&P 500
Next report
October 27, 2026

Bigbear.ai Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.8%
  • 1 week+21.7%
  • 1 month-2.6%
  • This year-52.2%
  • 1 year-62.7%
  • 5 years-74.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$142M
Operating margin
-164.2%
Net margin
-126.8%
EPS (TTM, diluted)
$-0.39

Growth

Revenue growth
−1.5%
Change in growth rate
+12.2 pts
Share count change
+45.2%

Cash

Free cash flow (TTM)
-$72.7M
FCF margin
-51.2%
Stock pay % of revenue
13.4%

Earnings

Last results
October 27, 2026
Next results (est.)
January 25, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership
  3. Leadership
  4. Announcement
  5. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Bigbear.ai Holdings, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: free cash flow after stock pay is not positive.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Bigbear.ai Holdings, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 12%: the 10-year Treasury yield (4.9%) plus a beta of 1.57 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: This model is withheld pending its input or assumption review.
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$0.0 ~$0.4–$1.7 Left out: out of range vs price (0.01x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Bigbear.ai Holdings, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20212022202320242025Now
Share price$5.66$0.67$2.14$4.45$5.40$2.58
Market value$606m$86m$319m$1.0bn$1.9bn$1.2bn
+ Net debt (− = net cash)$135m$189m$169m$151m$55m−$59m
Enterprise value$741m$275m$488m$1.2bn$2.0bn$1.1bn
Multiples
Price / sales 4.2x0.6x2.1x6.6x15.2x8.4x
Price / earnings ——————
Price / free cash flow ——————
EV / EBITDA ——————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

10 /100

Weak moat

How hard Bigbear.ai Holdings's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Cash operating profit has been a median -11.5% of total assets over 5 years.

  • Pricing power 10 / 20

    Gross margin has been a median 27.0%, moving by 2.2 percentage points (standard deviation) across 5 years.

  • Durability 10 / 20

    Operating margin has been a median -98.1%; its worst year was -164.2%.

  • Cash conversion 0 / 20

    Free cash flow was positive in 0 of 5 years, at a median -24.5% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (25 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.41 +50% $156m +22%
Next −$0.25 +39% $172m +11%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +64.0% on 90 days ago. In the last 30 days, 0 analysts raised Bigbear.ai Holdings, Inc.'s forecast and 2 cut it.

Consensus EPS forecast Bigbear.ai Holdings, Inc., last 90 days
−$0.60 −$0.40 −$0.20 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.25 Current fiscal year, 60 days ago: −$0.27 Current fiscal year, 30 days ago: −$0.27 Current fiscal year, 7 days ago: −$0.27 Current fiscal year, Now: −$0.41 −$0.41 Next fiscal year, 90 days ago: −$0.14 Next fiscal year, 60 days ago: −$0.16 Next fiscal year, 30 days ago: −$0.16 Next fiscal year, 7 days ago: −$0.16 Next fiscal year, Now: −$0.25 −$0.25

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.25−$0.14
60 days ago −$0.27−$0.16
30 days ago −$0.27−$0.16
7 days ago −$0.27−$0.16
Now −$0.41−$0.25

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 −$0.06 −$0.19 −245.4%
Jun 2026 −$0.04 −$0.05 −11.1%
Mar 2026 −$0.08 −$0.12 −50.0%
Dec 2025 −$0.06 −$0.01 +83.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

2 analysts, Oct 2026
Buy00%
Hold2100%
Sell00%

Monthly trend

  1. Oct 202622
  2. Sep 202622

Counts of recommendations published by analysts covering Bigbear.ai Holdings, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
28.6%
of tradable shares
Days to cover
7.96
at average volume
Short interest, 1 month
−9%
to October 15, 2026
Held by institutions
42%
of shares
Held by insiders
0.7%
of shares
Employees
579
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 20222023202420252026 to date
Return
BBAI−88%+218%+108%+21%−52%
Industry peers (median)−50%+19%+2%−21%−14%
S&P 500−18%+26%+25%+18%+11%
Months that ended higher
BBAI33%42%50%50%27%
S&P 50042%67%75%75%46%
Largest fall from a high during the year
BBAI−95%−81%−73%−76%−67%
S&P 500−25%−10%−8%−19%−9%

Worst fall since April 5, 2021: 95% from April 13, 2022 to December 29, 2022. Getting back needed a 1905% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$2.12 – $7.17
From 52-week high
−64.0%
vs 50-day average
−2.9%
vs 200-day average
−28.1%
Volatility (1 year)
79%
Beta vs S&P 500
3.25

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±10.4%
After a week
5 up, 6 down
typical move ±11.4%
After a month
6 up, 5 down
typical move ±25.0%
Results releasedNext dayS&P 500 next day5 days21 days
October 27, 2026 +16.0% +0.9% — —
July 30, 2026 +7.7% +2.4% +16.2% +17.8%
May 5, 2026 +4.8% +2.2% +0.5% +14.4%
March 2, 2026 −4.0% −0.8% +6.1% −11.1%
November 10, 2025 +6.7% +1.8% −1.9% +16.4%
August 11, 2025 −16.4% +0.9% −18.1% −33.8%
May 1, 2025 −1.5% +2.2% −4.7% +15.8%
March 18, 2025 −10.9% 0.0% +0.6% −28.7%
March 6, 2025 −30.4% −1.2% −31.9% −40.6%
November 5, 2024 −1.2% +3.7% +13.0% +77.6%
August 1, 2024 −11.3% −3.3% −18.5% +5.3%
May 2, 2024 −13.4% +2.2% −14.0% −14.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Bigbear.ai Holdings, Inc. in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Bigbear.ai Holdings, Inc.
$120M $130M $140M $150M $160M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $155.2M Revenue (TTM), FY24 Q1: $146.1M Revenue (TTM), FY24 Q2: $147.5M Revenue (TTM), FY24 Q3: $155M Revenue (TTM), FY24 Q4: $158.2M Revenue (TTM), FY25 Q1: $159.9M Revenue (TTM), FY25 Q2: $152.6M Revenue (TTM), FY25 Q3: $144.2M Revenue (TTM), FY25 Q4: $127.7M Revenue (TTM), FY26 Q1: $127.4M Revenue (TTM), FY26 Q2: $131.6M Revenue (TTM), FY26 Q3: $142.1M $142.1M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $155.2M
FY24 Q1 $146.1M
FY24 Q2 $147.5M
FY24 Q3 $155M
FY24 Q4 $158.2M
FY25 Q1 $159.9M
FY25 Q2 $152.6M
FY25 Q3 $144.2M
FY25 Q4 $127.7M
FY26 Q1 $127.4M
FY26 Q2 $131.6M
FY26 Q3 $142.1M
Revenue growth, TTM YoY Bigbear.ai Holdings, Inc.
-30% -20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 0.1% Revenue growth, TTM YoY, FY24 Q1: -9.1% Revenue growth, TTM YoY, FY24 Q2: -8.8% Revenue growth, TTM YoY, FY24 Q3: 0.0% Revenue growth, TTM YoY, FY24 Q4: 2.0% Revenue growth, TTM YoY, FY25 Q1: 9.4% Revenue growth, TTM YoY, FY25 Q2: 3.5% Revenue growth, TTM YoY, FY25 Q3: -7.0% Revenue growth, TTM YoY, FY25 Q4: -19.3% Revenue growth, TTM YoY, FY26 Q1: -20.3% Revenue growth, TTM YoY, FY26 Q2: -13.7% Revenue growth, TTM YoY, FY26 Q3: -1.5% -1.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 0.1%
FY24 Q1 -9.1%
FY24 Q2 -8.8%
FY24 Q3 0.0%
FY24 Q4 2.0%
FY25 Q1 9.4%
FY25 Q2 3.5%
FY25 Q3 -7.0%
FY25 Q4 -19.3%
FY26 Q1 -20.3%
FY26 Q2 -13.7%
FY26 Q3 -1.5%
Operating margin (TTM) Bigbear.ai Holdings, Inc.
-200% -150% -100% -50% 0% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -25.2% Operating margin (TTM), FY24 Q1: -85.6% Operating margin (TTM), FY24 Q2: -89.2% Operating margin (TTM), FY24 Q3: -86.4% Operating margin (TTM), FY24 Q4: -84.3% Operating margin (TTM), FY25 Q1: -35.4% Operating margin (TTM), FY25 Q2: -85.3% Operating margin (TTM), FY25 Q3: -98.1% Operating margin (TTM), FY25 Q4: -167.5% Operating margin (TTM), FY26 Q1: -170.4% Operating margin (TTM), FY26 Q2: -117.9% Operating margin (TTM), FY26 Q3: -164.2% -164.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -25.2%
FY24 Q1 -85.6%
FY24 Q2 -89.2%
FY24 Q3 -86.4%
FY24 Q4 -84.3%
FY25 Q1 -35.4%
FY25 Q2 -85.3%
FY25 Q3 -98.1%
FY25 Q4 -167.5%
FY26 Q1 -170.4%
FY26 Q2 -117.9%
FY26 Q3 -164.2%
FCF margin (TTM) Bigbear.ai Holdings, Inc.
-60% -40% -20% 0% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -11.8% FCF margin (TTM), FY24 Q1: -14.2% FCF margin (TTM), FY24 Q2: -10.2% FCF margin (TTM), FY24 Q3: -15.3% FCF margin (TTM), FY24 Q4: -24.4% FCF margin (TTM), FY25 Q1: -19.4% FCF margin (TTM), FY25 Q2: -18.1% FCF margin (TTM), FY25 Q3: -24.5% FCF margin (TTM), FY25 Q4: -33.3% FCF margin (TTM), FY26 Q1: -42.4% FCF margin (TTM), FY26 Q2: -55.2% FCF margin (TTM), FY26 Q3: -51.2% -51.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -11.8%
FY24 Q1 -14.2%
FY24 Q2 -10.2%
FY24 Q3 -15.3%
FY24 Q4 -24.4%
FY25 Q1 -19.4%
FY25 Q2 -18.1%
FY25 Q3 -24.5%
FY25 Q4 -33.3%
FY26 Q1 -42.4%
FY26 Q2 -55.2%
FY26 Q3 -51.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 74 146 155 155 158 128 142
Gross profit 17 34 43 41 45 28 43
EBITDA 6 −71 −103 −31 −122 −199 −209
Operating income 6 −78 −111 −39 −133 −214 −233
Net income 6 −124 −111 −71 −296 −294 −180
Diluted EPS — −$1.15 −$0.87 −$0.47 −$1.27 −$0.82 −$0.39
Growth (year on year)
Revenue — +97.7% +6.5% +0.1% +2.0% −19.3% −1.5%
EBITDA — <−999% — — — — —
Operating income — <−999% — — — — —
Net income — <−999% — — — — —
Margins
Gross margin 23.8% 23.4% 27.7% 26.2% 28.6% 22.3% 30.2%
EBITDA margin 8.7% −48.9% −66.3% −20.1% −76.8% −155.6% −146.8%
Operating margin 8.7% −53.9% −71.3% −25.2% −84.3% −167.5% −164.2%
Net margin 8.5% −84.9% −71.8% −45.5% −186.8% −230.2% −126.8%
Free-cash-flow margin 5.6% −14.0% −32.1% −11.8% −24.4% −33.3% −51.2%
Cash flow
Cash from operations 4 −20 −49 −18 −38 −42 −72
Capital spending 0 1 1 0 0 1 1
Free cash flow 4 −20 −50 −18 −39 −42 −73
Stock-based pay 0 61 11 19 21 23 19
Free cash flow after stock pay 4 −81 −61 −37 −60 −66 −92
Balance sheet
Cash 2 69 13 33 50 87 77
Total debt — 204 202 201 201 142 18
Net debt (negative = net cash) −2 135 189 169 151 55 −59
Diluted shares — 107m 128m 149m 234m 359m 462m
Returned to shareholders
Buybacks — 0 101 0 0 — —
Total returned — 0 101 0 0 — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · September 30, 2026
What it owns · $758m
Short-term assets $351mLonger-term assets $407m
What it owes, and who funded it · $758m
Short-term liabilities $71mLonger-term liabilities $5mShareholders' equity $682m
  • Short-term assets cover short-term liabilities $351m of assets due within a year against $71m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $351m short-term assets against $5m of longer-dated liabilities.
  • More cash than debt $77m of cash against $17m of debt.
  • Debt below 40% of shareholders' equity Debt is 2% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 381% to 2% over five years.
  • A year's operating cash flow covers at least 20% of debt −$72m of operating cash flow against $17m of debt.
  • Operating profit covers interest at least five times over Operating income of −$233m against $5m of interest.

From Bigbear.ai Holdings, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+45.2%
year over year
R&D spending
16.4%
of revenue
Sales & admin spending
83.1%
of revenue
Days sales outstanding
104 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated BBAI API LGCL EXFY STEM SMRT Median
Revenue, last 12 months $142m $141m $145m $138m $148m $151m $482m
Revenue growth, last 12 months −1.5% 5.9% −1.9% −4.3% −5.1% −2.8% 12.0%
Revenue growth, 3-year average −2.9% — — −5.8% −29.1% −9.9% 11.1%
Revenue growth, latest quarter 31.5% — — −5.3% −12.3% 4.0% 11.9%
Gross margin 30.2% 66.4% 33.8% 48.7% 41.5% 36.4% 69.2%
Operating margin −164.2% −6.7% 1.9% −8.0% −29.1% −14.9% 1.1%
Operating margin, 3-year average −116.2% — — −10.6% −127.3% −26.7% −0.8%
Net margin −126.8% 6.8% 0.9% −11.3% −49.4% −13.0% 2.1%
Cash from operations / revenue −50.4% 19.3% 3.4% 9.1% 7.9% −0.5% 18.2%
Free-cash-flow margin −51.2% 18.1% −4.6% 9.1% 7.9% −0.7% 15.0%
Free-cash-flow margin, 3-year average −30.3% — — 10.8% −7.1% −9.8% 16.2%
Stock pay / revenue 13.4% 3.9% — 18.0% 5.4% 6.7% 9.3%
Change in share count 45.2% 6.0% 21.6% 3.6% — −1.4% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth -1.5% 12.0% 158 of 184
Change in growth rate Growth +12.2pp +0.2pp 24 of 184
Gross margin Profitability 30.2% 69.8% 141 of 160
Operating margin Profitability -164.2% 1.1% 159 of 181
Net margin Profitability -126.8% 2.1% 160 of 185
Free-cash-flow margin Cash generation -51.2% 15.2% 150 of 180
Stock pay as % of revenue Cash generation 13.4% 9.3% 117 of 177
Long-term debt as % of assets Balance sheet 0.0% 16.9% 1 of 98
Change in share count Balance sheet 45.2% 1.7% 147 of 163
Days sales outstanding Balance sheet 104 days 57 days 142 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$690M
Institutions reporting
321
Shares held vs prior quarter
▲ 1.3%
Positions opened / closed
47 / 50

Top buyers and sellers, Q2 2026: 174 institutions bought and 139 sold ; the biggest buyer was Blackrock, Inc (+4.6M shares) and the biggest seller Marex Group Ltd (−5.1M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $149M 40.6M 21.6% ▲ 12.8%
Vanguard Capital Management LLC $77.8M 21.2M 11.3% ▲ 10.1%
Geode Capital Management, LLC $45.5M 12.4M 6.6% ▲ 17.0%
State Street Corp $44.7M 12.2M 6.5% ▲ 16.0%
Vanguard Portfolio Management LLC $39.5M 10.8M 5.7% ▲ 8.2%
UBS Group AG $35.6M 9.7M 5.2% ▼ 4.6%
Van Eck Associates Corp $30M 8.2M 4.4% ▼ 13.8%
Mirae Asset Global Etfs Holdings Ltd. $21.2M 5.8M 3.1% ▼ 8.0%
Citadel Advisors LLC $19.7M 5.4M 2.9% ▼ 26.5%
Northern Trust Corp $15.9M 4.3M 2.3% ▲ 16.8%
Charles Schwab Investment Management Inc $14.8M 4.0M 2.1% ▲ 11.5%
Goldman Sachs Group Inc $12.9M 3.5M 1.9% ▼ 9.8%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Bigbear.ai Holdings, Inc.'s complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 3 trades and filings

In the last 12 months, 1 member of Congress disclosed 2 purchases and 0 sales of Bigbear.ai Holdings, Inc. shares.

  • Lisa C. McClain(R-MI 9):Purchase, $15,001 - $50,000, traded February 6, 2026, filed March 4, 2026
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded February 4, 2026, filed March 4, 2026
  • Lisa C. McClain(R-MI 9):Purchase, $15,001 - $50,000, traded August 7, 2025, filed September 12, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 25, 2027 estimated from the company's past filing pattern, not announced

  • October 27, 2026
  • July 30, 2026
  • May 5, 2026
  • March 2, 2026
  • November 10, 2025
  • August 11, 2025

Recent SEC filings

Data status

When each part of this page on Bigbear.ai Holdings, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Bigbear.ai Holdings, Inc. in brief

What does Bigbear.ai Holdings, Inc. do?
Bigbear.ai Holdings, Inc. is a US-listed company in the application software industry. Its financial year ends in December.
What is Bigbear.ai Holdings, Inc.'s stock ticker?
Bigbear.ai Holdings, Inc. trades under the ticker BBAI on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Bigbear.ai Holdings, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Bigbear.ai Holdings, Inc. reported revenue of $142M, 1.5% lower than a year earlier, according to its SEC filings.
What is Bigbear.ai Holdings, Inc.'s free cash flow?
Bigbear.ai Holdings, Inc.'s free-cash-flow margin is -51.2% of revenue over the trailing twelve months, ranking 150 of the 180 application software companies we cover.
Who are Bigbear.ai Holdings, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Geode Capital Management, LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Bigbear.ai Holdings, Inc.'s market cap?
On November 2, 2026, Bigbear.ai Holdings, Inc.'s market capitalisation was about $1.2B and net debt of -$59.4M. Market figures come from third-party market data and may be delayed.
How much debt does Bigbear.ai Holdings, Inc. have?
Bigbear.ai Holdings, Inc.'s debt-to-equity ratio is 2.4%, from its latest balance sheet (381.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Bigbear.ai Holdings, Inc.'s competitors?
In our Application Software peer group, the companies closest to Bigbear.ai Holdings, Inc. are Agora, Inc., Lucas GC Ltd, Expensify, Inc., Stem, Inc. and Smartrent, Inc. The side-by-side comparison below sets their revenue, margins and growth against Bigbear.ai Holdings, Inc.'s.
When is Bigbear.ai Holdings, Inc.'s next earnings date?
Around January 25, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Bigbear.ai Holdings, Inc. announces its own schedule.