BBAI
Bigbear.ai Holdings, Inc. Information Technology Services-Prepackaged Software Russell 3000
$2.60Close
$1.1BMarket cap
$2.12 – $7.1752-week range
Late-januaryNext report · estimated
Highlights
Cautions
- Not in an uptrend 0 of 8 trend conditions
- Lagging the market RS 7 · weaker than 93% of stocks over 12 months
- Far from its high 64% below its 52-week high
- Earnings shrinking EPS −3500% year on year
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
64%
1wk
up 21.5%
price change
1mo
down 1.9%
price change
12-month return
down 61%
market up 11% ·
its own down 73%
F-score
4 / 9
Weak
Altman Z″
-1.42
Elevated risk
P/E
—
price / earnings
PEG
—
P/E / EPS growth
P/B
1.9×
price / book
Earnings yield
down 18.8%
EBIT / enterprise value
Cheaper than
31%
of the market · expensive
Revenue growth
down 19%
year on year
EPS growth
down 3500%
latest quarter
Sales growth
up 31%
latest quarter · +18 pts
ROE
down 48%
return on equity
Free cash margin
down 33%
-$42.5M FCF
D/E
0.15
long-term debt / equity
Net debt / EBITDA
—
Interest cover
Lossoperating loss
Piotroski tests
- not yet profitable on its assets
- operating cash flow is negative
- issued more shares
- gross margin narrowed
- assets working less efficiently
- profitability improving
- profits backed by cash
- reduced long-term debt
- short-term liquidity improved
Repair signals
- Long-term debt down 33% ($0.1B → $0.1B)
Trade setup
ATR%
6.0%
$0.16 a day · 2×ATR $2.29
RS
7 / 99
vs the universe
Trend
0 / 8
trend template
Relative volume
1.5×
vs 50-day average
Up/down volume
0.79
50 sessions
Implied move
—
no scheduled report
Trend template · 0 of 8
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
- Shareholders diluted The share count rose 73.7% over the year, from 252m to 437m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
- Gross margin narrowing Gross margin fell from 28.6% to 22.3%. The company is keeping less of each dollar of sales than it did a year ago.
- Revenue shrinking Revenue fell 19.3% over the year, from $158.2M to $127.7M.
Last reported
Oct 27, 2026
Results reaction
Oct 27, 2026+15% vs market2 sessions after results
Financials
- Gross 22%
- Net -230%
- Free cash -33%
- Cash
- Long-term debt
| FY2019Dec 31, 2019 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $73.6M | $145.6M | $155.0M | $155.2M | $158.2M | $127.7M |
| Gross margin | 24% | 23% | 28% | 26% | 29% | 22% |
| Operating income | $6.4M | -$78.5M | -$110.5M | -$39.0M | -$133.4M | -$213.9M |
| Net income | $6.2M | -$123.6M | -$111.4M | -$71.0M | -$296.0M | -$294.0M |
| Net margin | 8% | -85% | -72% | -46% | -187% | -230% |
| Earnings per share | — | -$1.15 | -$0.87 | -$0.48 | -$1.27 | -$0.82 |
| Free cash flow | $4.1M | -$20.4M | -$49.7M | -$18.3M | -$38.6M | -$42.5M |
| Free cash margin | 6% | -14% | -32% | -12% | -24% | -33% |
| Cash | $1.6M | $68.9M | $12.6M | $32.6M | $50.1M | $87.1M |
| Long-term debt | — | $190.4M | $192.3M | $156.2M | $135.4M | $90.5M |
| Shareholders' equity | $11.7M | $159.7M | $9.8M | -$30.0M | -$3.7M | $611.9M |
| Shares outstanding | — | 135.57m | 127.02m | 157.29m | 251.55m | 436.96m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Oct 28, 2026 | Quarterly ↗ | Sep 30, 2026 | 28d |
| Jul 30, 2026 | Quarterly ↗ | Jun 30, 2026 | 30d |
| May 5, 2026 | Quarterly ↗ | Mar 31, 2026 | 35d |
| Mar 2, 2026 | Annual ↗ | Dec 31, 2025 | 61d |
| Nov 10, 2025 | Quarterly ↗ | Sep 30, 2025 | 41d |
| Aug 11, 2025 | Quarterly ↗ | Jun 30, 2025 | 42d |
| May 2, 2025 | Quarterly ↗ | Mar 31, 2025 | 32d |
| Mar 25, 2025 | Annual ↗ | Dec 31, 2024 | 84d |
| Nov 7, 2024 | Quarterly ↗ | Sep 30, 2024 | 38d |
| Aug 9, 2024 | Quarterly ↗ | Jun 30, 2024 | 40d |
| May 10, 2024 | Quarterly ↗ | Mar 31, 2024 | 40d |
| Mar 15, 2024 | Annual ↗ | Dec 31, 2023 | 75d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 27, 2026 | Results ↗ |
| Sep 15, 2026 | Director or officer change ↗ |
| Aug 17, 2026 | Director or officer change ↗ |
| Jul 31, 2026 | Other events ↗ |
| Jul 30, 2026 | Results ↗ |
| Jun 12, 2026 | Charter or bylaws · Shareholder vote ↗ |
| May 5, 2026 | Results ↗ |
| Apr 22, 2026 | Shareholder vote ↗ |
| Mar 2, 2026 | Results ↗ |
| Jan 2, 2026 | Regulation FD · Other events ↗ |
| Dec 1, 2025 | Charter or bylaws · Shareholder vote ↗ |
| Nov 10, 2025 | Material agreement · Results · Unregistered share sale ↗ |