BigBear.AI Inc (NYSE:BBAI) reported financial results for the fourth quarter Monday after the close. Here’s a rundown of the report.
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BigBear.AI Beats EPS, Misses Revenue Estimates
BigBear.AI reported fourth-quarter revenue of $27.3 million, missing analyst estimates of $33.31 million, according to Benzinga Pro. The company reported a quarterly loss of one cent per share, beating expectations for a loss of six cents per share.
Total revenue was down 38% year-over-year, primarily due to lower volume on Army programs. Gross margin was 20.3% in the quarter, compared to 37.4% in the fourth quarter of 2024.
BigBear.AI had approximately $92.65 million of total cash, cash equivalents and restricted cash at quarter’s end.
“At the start of 2025, we set out to transform our financial foundations to establish a base from which to accelerate in 2026. We have delivered exactly that,” said Kevin McAleenan, CEO of BigBear.AI.
“We have reduced our debt by more than 90%, established a powerful cash position that gives us the freedom to invest in catalytic technologies, expanded internationally, and acquired two highly specialized technology companies which play directly into our two core markets in national security and travel and trade.”
BigBear.AI expects full-year 2026 revenue to be in the range of $135 million to $165 million versus estimates of $164.29 million.
BigBear.AI executives will further discuss the quarter on an earnings call scheduled for 4:30 p.m. ET.
BBAI Stock Gets A Boost After Hours
BBAI Price Action: BigBear.AI shares were down 3.17% in after-hours, trading at $3.97 at the time of publication on Monday, according to Benzinga Pro. The mixed quarterly results and soft guidance appear to be weighing on the stock after hours.
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