📊 BBAI-WT Key Takeaways
Investment Thesis
BigBear.ai is operationally insolvent with severe structural profitability challenges, evidenced by a -167.5% operating margin and -$42M negative operating cash flow despite $127.7M in revenue. The company is burning cash at an unsustainable rate with no clear path to profitability, and the deteriorating net income trends (-$293.9M loss) indicate fundamental business model dysfunction rather than temporary headwinds. Without immediate and significant operational restructuring, the company faces critical sustainability issues.
BBAI-WT Strengths
- Maintains adequate liquidity position with $87.1M cash and 1.78x current ratio
- Conservative leverage with 0.17x debt-to-equity ratio providing some financial flexibility
- Modest gross margin of 22.3% suggests core product/service has basic unit economics
BBAI-WT Risks
- Severe operating losses of -$213.9M with -167.5% operating margin indicating unsustainable cost structure
- Negative free cash flow of -$42.5M annually depleting capital reserves with no profitability timeline visible
- Revenue declining 19.3% YoY combined with massive losses creates death spiral risk if cash runway exhausts
- Negative ROE (-48%) and ROA (-32.9%) demonstrate value destruction and capital inefficiency at enterprise level
- Operating cash flow of -$42M confirms losses are real cash burn, not accounting artifacts
Key Metrics to Watch
- Operating cash flow trend and runway estimate based on cash burn rate
- Quarterly revenue stabilization or return to growth
- Operating margin improvement trajectory toward breakeven
- Customer acquisition costs relative to lifetime value
- Management progress on cost reduction and restructuring initiatives
BBAI-WT Financial Metrics
💡 AI Analyst Insight
BigBear.ai Holdings, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
BBAI-WT Profitability Ratios
BBAI-WT vs Technology Sector
How BigBear.ai Holdings, Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
BBAI-WT Balance Sheet & Liquidity
BBAI-WT 5-Year Financial Trend
5-Year Trend Summary: BigBear.ai Holdings, Inc.'s revenue has shown modest growth of 9% over the 5-year period. The most recent EPS of $-0.47 indicates the company is currently unprofitable.
BBAI-WT Growth Metrics (YoY)
BBAI-WT Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $33.1M | $2.5M | $-0.03 |
| Q2 2025 | $32.5M | -$14.4M | $-0.06 |
| Q1 2025 | $33.1M | -$62.0M | $-0.25 |
| Q3 2024 | $34.0M | $4.0M | $0.03 |
| Q2 2024 | $38.5M | -$11.7M | $-0.05 |
| Q1 2024 | $33.1M | -$26.2M | $-0.19 |
| Q3 2023 | $34.0M | $4.0M | $0.03 |
| Q2 2023 | $37.6M | -$16.9M | $-0.12 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BBAI-WT Capital Allocation
BBAI-WT SEC Filings
Access official SEC EDGAR filings for BigBear.ai Holdings, Inc. (CIK: 0001836981)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 16, 2026 | 4 | xslF345X05/wk-form4_1773695732.xml | View → |
| Mar 6, 2026 | 4 | xslF345X05/wk-form4_1772832161.xml | View → |
| Mar 4, 2026 | 4 | xslF345X05/wk-form4_1772663452.xml | View → |
| Mar 4, 2026 | 4 | xslF345X05/wk-form4_1772663393.xml | View → |
| Mar 4, 2026 | 4 | xslF345X05/wk-form4_1772663305.xml | View → |
❓ Frequently Asked Questions about BBAI-WT
What is the AI rating for BBAI-WT?
BigBear.ai Holdings, Inc. (BBAI-WT) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are BBAI-WT's key strengths?
Maintains adequate liquidity position with $87.1M cash and 1.78x current ratio. Conservative leverage with 0.17x debt-to-equity ratio providing some financial flexibility.
What are the risks of investing in BBAI-WT?
Severe operating losses of -$213.9M with -167.5% operating margin indicating unsustainable cost structure. Negative free cash flow of -$42.5M annually depleting capital reserves with no profitability timeline visible.
What is BBAI-WT's revenue and growth?
BigBear.ai Holdings, Inc. reported revenue of $127.7M.
Does BBAI-WT pay dividends?
BigBear.ai Holdings, Inc. does not currently pay dividends.
Where can I find BBAI-WT SEC filings?
Official SEC filings for BigBear.ai Holdings, Inc. (CIK: 0001836981) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is BBAI-WT's EPS?
BigBear.ai Holdings, Inc. has a diluted EPS of $-0.82.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.