📊 BBAI-WT Key Takeaways
Is BigBear.ai Holdings, Inc. (BBAI-WT) a Good Investment?
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.
BigBear.ai’s fundamentals are weak: revenue declined sharply year over year while margins remain deeply negative, producing very large operating and net losses relative to sales. Although the balance sheet still shows meaningful cash, a solid current ratio, and modest debt leverage, the combination of shrinking revenue, poor gross margin, and persistent cash burn points to low-quality growth and significant execution risk.
BigBear.ai Holdings, Inc. Key Strengths (BBAI-WT)
- 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
- Liquidity is still adequate, with $87.13M in cash and a 1.78x current ratio
- Leverage is relatively modest, with debt-to-equity of 0.17x
- EPS loss improved year over year, indicating some per-share loss moderation
BBAI-WT Stock Risks: BigBear.ai Holdings, Inc. Investment 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
- Revenue fell 19.3% year over year, signaling demand or contract execution weakness
- Profitability is severely impaired, with -167.5% operating margin and -230.2% net margin
- Free cash flow was negative $42.48M, increasing reliance on existing cash or future financing
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
- Revenue growth stabilization and improvement in gross margin
- Operating cash flow and free cash flow burn versus cash balance
BigBear.ai Holdings, Inc. (BBAI-WT) Financial Metrics & Key Ratios
💡 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 Profit Margin, ROE & Profitability Analysis
BBAI-WT vs Technology Sector: How BigBear.ai Holdings, Inc. Compares
How BigBear.ai Holdings, Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is BigBear.ai Holdings, Inc. Stock Overvalued? BBAI-WT Valuation Analysis 2026
Based on fundamental analysis, BigBear.ai Holdings, Inc. has mixed fundamental signals relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
BigBear.ai Holdings, Inc. Balance Sheet: BBAI-WT Debt, Cash & Liquidity
BBAI-WT Revenue & Earnings Growth: 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 Revenue Growth, EPS Growth & YoY Performance
BBAI-WT Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $34.4M | -$56.8M | $-0.12 |
| 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 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
BigBear.ai Holdings, Inc. Dividends, Buybacks & Capital Allocation
BBAI-WT SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for BigBear.ai Holdings, Inc. (CIK: 0001836981)
📋 Recent SEC Filings
❓ Frequently Asked Questions about BBAI-WT
What is the AI rating for BBAI-WT?
BigBear.ai Holdings, Inc. (BBAI-WT) has a Combined AI Grade of D from Claude (D) and ChatGPT (D) with 91% combined confidence, based on fundamental analysis of SEC EDGAR filings.
What are BBAI-WT's key strengths?
Claude: 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. ChatGPT: Liquidity is still adequate, with $87.13M in cash and a 1.78x current ratio. Leverage is relatively modest, with debt-to-equity of 0.17x.
What are the risks of investing in BBAI-WT?
Claude: 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. ChatGPT: Revenue fell 19.3% year over year, signaling demand or contract execution weakness. Profitability is severely impaired, with -167.5% operating margin and -230.2% net margin.
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?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is BBAI-WT's fundamental grade?
Based on our AI fundamental analysis in June 2026, BigBear.ai Holdings, Inc. has a D grade with 91% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is BBAI-WT stock overvalued or undervalued?
Valuation metrics for BBAI-WT: ROE of -48.0% (sector avg: 22%), net margin of -230.2% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
What is BBAI-WT's AI grade for 2026?
Our dual AI analysis gives BigBear.ai Holdings, Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is BBAI-WT's free cash flow?
BigBear.ai Holdings, Inc.'s operating cash flow is $-42.0M, with capital expenditures of $525.0K. FCF margin is -33.3%.
How does BBAI-WT compare to other Technology stocks?
Vs Technology sector averages: Net margin -230.2% (avg: 18%), ROE -48.0% (avg: 22%), current ratio 1.78 (avg: 2.5).