BBAI Chart
About

BigBear.ai Holdings, Inc. provides artificial intelligence-powered decision intelligence solutions for national security, supply chain management, and digital identity markets. It offers supply chain and logistics solutions, such as Data Conflation at Scale, which offers a view of operations enabling real-time tracking of inventory and facilitating predictive analytics to optimize functions, including routes and delivery times; Discrete Event Simulation, a course of action analysis and digital twin solution; and Next-Gen Decision Support solution for macroeconomic and geopolitical forecasting. The company also provides cybersecurity solutions, such as artificial intelligence (AI)-powered/machine-accelerated binary analysis, cyber-physical systems vulnerability testing and evaluation, vulnerability assessment as a service, and specialized services for the department of defense and intelligence community; and autonomous systems solutions, AI/machine learning (ML) decision intelligence solutions, and AI orchestration as a service, as well as specialized consulting services. In addition, it offers digital identity services comprising security solutions specializing in customized digital identity, biometrics, AI/ML, and advanced analytics software and solutions for global trade, travel, and digital identity industries; and Ask Sage Platform, a generative AI platform for secure AI deployment, orchestration, and agentic capabilities across defense, intelligence, and other highly regulated environments. The company was founded in 1988 and is headquartered in McLean, Virginia.

Fundamentals
Scroll to Statements
Sector Technology Industry Information Technology S Market Cap 1.91B
Enterprise Value 1.71B Income -293.91M Sales 127.67M
Book/sh 1.40 Cash/sh 0.60 Dividend Yield
Payout 0.00% Employees 579 IPO
P/E Forward P/E -20.05 PEG
P/S 14.95 P/B 2.86 P/C
EV/EBITDA -26.97 EV/Sales 13.38 Quick Ratio 1.70
Current Ratio 1.78 Debt/Eq 18.76 LT Debt/Eq
EPS (ttm) -0.82 EPS next Y -0.20 EPS Growth
Revenue Growth -37.70% Earnings 2026-04-30 ROA -7.50%
ROE -96.66% ROIC Gross Margin 22.31%
Oper. Margin -76.70% Profit Margin -230.21% Shs Outstand 476.06M
Shs Float 472.81M Short Float 28.24% Short Ratio 2.37
Short Interest 52W High 9.39 52W Low 2.36
Beta 3.25 Avg Volume 64.87M Volume 27.15M
Target Price $5.33 Recom Buy Prev Close $3.95
Price $4.01 Change 1.52%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$5.33
Mean price target
2. Current target
$4.00
Latest analyst target
3. DCF / Fair value
$-1.78
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$4.00
Low
$5.00
High
$6.00
Mean
$5.33

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-03 main Cantor Fitzgerald Neutral → Neutral $5
2026-03-03 main HC Wainwright & Co. Buy → Buy $6
2026-01-07 down Cantor Fitzgerald Overweight → Neutral $6
2025-11-11 reit HC Wainwright & Co. Buy → Buy $8
2025-08-12 main HC Wainwright & Co. Buy → Buy $8
2025-07-01 main HC Wainwright & Co. Buy → Buy $9
2025-03-07 main Cantor Fitzgerald Overweight → Overweight $6
2025-03-07 main HC Wainwright & Co. Buy → Buy $6
2024-12-30 main HC Wainwright & Co. Buy → Buy $7
2024-11-06 reit HC Wainwright & Co. Buy → Buy $3
2024-10-15 reit HC Wainwright & Co. Buy → Buy $3
2024-08-21 reit Cantor Fitzgerald Overweight → Overweight $4
2024-08-02 main HC Wainwright & Co. Buy → Buy $3
2024-05-03 reit HC Wainwright & Co. Buy → Buy $5
2024-03-12 reit Cantor Fitzgerald Overweight → Overweight $4
2024-03-08 main Cantor Fitzgerald Overweight → Overweight $4
2024-03-08 main TD Cowen Market Perform → Market Perform $3
2024-03-08 main Oppenheimer Perform → Perform
2024-03-08 main HC Wainwright & Co. Buy → Buy $5
2024-03-04 reit Cantor Fitzgerald Overweight → Overweight $3
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 80000 320000 Sale at price 4.00 per share. BRADEN PAMELA JOYCE Director 2026-03-16 00:00:00 D
1 17000 67660 Sale at price 3.98 per share. HAYES DOROTHY D. Director 2026-03-06 00:00:00 D
2 36143 Stock Award(Grant) at price 0.00 per share. BLANKENSHIP CAROLYN General Counsel 2026-03-02 00:00:00 D
3 104311 Stock Award(Grant) at price 0.00 per share. MCALEENAN KEVIN Chief Executive Officer 2026-03-02 00:00:00 D
4 49999 Stock Award(Grant) at price 0.00 per share. RICKER SEAN RAYMOND Chief Financial Officer 2026-03-02 00:00:00 D
5 18650 Stock Award(Grant) at price 0.00 per share. FULCHINO PAUL E Director 2025-12-19 00:00:00 D
6 5000 35296 Sale at price 7.06 per share. RICKER SEAN RAYMOND Chief Financial Officer 2025-12-04 00:00:00 D
7 22000 133870 Sale at price 6.08 per share. HAYES DOROTHY D. Director 2025-11-18 00:00:00 D
8 200000 Stock Award(Grant) at price 0.00 per share. RICKER SEAN RAYMOND Chief Financial Officer 2025-10-14 00:00:00 D
9 11980 64093 Sale at price 5.35 - 5.40 per share. RICKER SEAN RAYMOND Chief Financial Officer 2025-08-27 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-15.54M-196.17K-32.71K-662.40K
TaxRateForCalcs0.070.000.000.02
NormalizedEBITDA-56.38M-31.62M-27.20M-42.44M
TotalUnusualItems-225.86M-226.67M-10.90M-38.97M
TotalUnusualItemsExcludingGoodwill-225.86M-226.67M-10.90M-38.97M
NetIncomeFromContinuingOperationNetMinorityInterest-293.91M-295.55M-70.66M-111.37M
ReconciledDepreciation15.28M11.87M7.90M7.76M
ReconciledCostOfRevenue99.19M113.02M114.56M112.02M
EBITDA-282.24M-258.28M-38.10M-81.40M
EBIT-297.52M-270.16M-46.00M-89.16M
NetInterestIncome-4.86M-23.35M-24.48M-24.09M
InterestExpense18.12M25.65M24.88M24.09M
InterestIncome13.25M2.29M392.00K
NormalizedIncome-83.60M-69.08M-59.79M-73.06M
NetIncomeFromContinuingAndDiscontinuedOperation-293.91M-295.55M-70.66M-111.37M
TotalExpenses211.08M203.92M190.66M205.19M
TotalOperatingIncomeAsReported-213.90M-133.42M-39.03M-110.53M
DilutedAverageShares358.80M233.60M149.23M128.08M
BasicAverageShares358.80M233.60M149.23M128.08M
DilutedEPS-0.82-1.27-0.40-0.95
BasicEPS-0.82-1.27-0.40-0.95
DilutedNIAvailtoComStockholders-293.91M-295.55M-70.66M-111.37M
NetIncomeCommonStockholders-293.91M-295.55M-70.66M-111.37M
NetIncome-293.91M-295.55M-70.66M-111.37M
NetIncomeIncludingNoncontrollingInterests-293.91M-295.55M-70.66M-111.37M
NetIncomeContinuousOperations-293.91M-295.55M-70.66M-111.37M
TaxProvision-21.72M-256.00K-222.00K-1.88M
PretaxIncome-315.64M-295.80M-70.88M-113.25M
OtherIncomeExpense-227.37M-226.77M-10.90M-38.98M
OtherNonOperatingIncomeExpenses-1.50M-99.00K1.00K-19.00K
SpecialIncomeCharges-133.07M-119.01M-3.54M-60.35M
OtherSpecialCharges2.58M31.27M2.88M
ImpairmentOfCapitalAssets124.04M85.00M0.0053.54M
RestructuringAndMergernAcquisition6.45M2.74M3.54M6.81M
GainOnSaleOfSecurity-92.79M-107.66M-7.36M21.39M
NetNonOperatingInterestIncomeExpense-4.86M-23.35M-24.48M-24.09M
InterestExpenseNonOperating18.12M25.65M24.88M24.09M
InterestIncomeNonOperating13.25M2.29M392.00K
OperatingIncome-83.41M-45.68M-35.49M-50.17M
OperatingExpense111.88M90.90M76.09M93.17M
ResearchAndDevelopment16.75M10.86M5.04M8.39M
SellingGeneralAndAdministration95.13M80.04M71.06M84.78M
GrossProfit28.48M45.22M40.60M42.99M
CostOfRevenue99.19M113.02M114.56M112.02M
TotalRevenue127.67M158.24M155.16M155.01M
OperatingRevenue127.67M158.24M155.16M155.01M
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber9.95M9.95M9.95M9.95M
OrdinarySharesNumber436.96M251.55M157.29M117.07M
ShareIssued446.91M261.51M167.24M127.02M
NetDebt19.92M86.08M124.83M181.75M
TotalDebt114.81M146.41M162.48M200.28M
TangibleBookValue231.30M-241.91M-160.72M-172.24M
InvestedCapital718.91M132.51M127.39M156.50M
WorkingCapital145.02M-109.21M-5.34M18.57M
NetTangibleAssets231.30M-241.91M-160.72M-172.24M
CapitalLeaseObligations7.77M10.19M5.09M5.90M
CommonStockEquity611.87M-3.71M-30.00M-37.87M
TotalCapitalization702.35M131.69M126.16M154.45M
TotalEquityGrossMinorityInterest611.87M-3.71M-30.00M-37.87M
StockholdersEquity611.87M-3.71M-30.00M-37.87M
GainsLossesNotAffectingRetainedEarnings-63.00K121.00K0.00
OtherEquityAdjustments-63.00K121.00K
TreasuryStock57.35M57.35M57.35M57.35M
RetainedEarnings-865.55M-571.64M-276.09M-253.06M
AdditionalPaidInCapital1.53B625.13M303.43M272.53M
CapitalStock46.00K26.00K17.00K14.00K
CommonStock46.00K26.00K17.00K14.00K
TotalLiabilitiesNetMinorityInterest282.68M347.49M229.91M233.18M
TotalNonCurrentLiabilitiesNetMinorityInterest97.16M144.52M160.80M197.42M
OtherNonCurrentLiabilities10.00K324.00K
NonCurrentDeferredLiabilities0.00328.00K0.00248.00K
NonCurrentDeferredTaxesLiabilities0.00328.00K0.00248.00K
LongTermDebtAndCapitalLeaseObligation97.16M144.52M160.47M197.41M
LongTermCapitalLeaseObligation6.67M9.12M4.31M5.09M
LongTermDebt90.48M135.40M156.16M192.32M
CurrentLiabilities185.52M202.97M69.11M35.76M
OtherCurrentLiabilities127.37M170.59M38.95M2.08M
CurrentDeferredLiabilities14.76M2.54M879.00K2.02M
CurrentDeferredRevenue14.76M2.54M879.00K2.02M
CurrentDebtAndCapitalLeaseObligation17.66M1.89M2.01M2.87M
CurrentCapitalLeaseObligation1.09M1.07M779.00K806.00K
CurrentDebt16.56M818.00K1.23M2.06M
OtherCurrentBorrowings16.56M818.00K1.23M2.06M
PayablesAndAccruedExpenses25.74M27.95M27.27M28.79M
CurrentAccruedExpenses19.65M19.50M16.23M13.37M
InterestPayable356.00K231.00K560.00K567.00K
Payables6.09M8.46M11.04M15.42M
AccountsPayable6.09M8.46M11.04M15.42M
TotalAssets894.55M343.78M199.91M195.31M
TotalNonCurrentAssets564.00M250.02M136.13M140.97M
OtherNonCurrentAssets860.00K990.00K372.00K483.00K
NonCurrentDeferredAssets0.0051.00K0.00
NonCurrentDeferredTaxesAssets0.0051.00K0.00
InvestmentsAndAdvances173.95M0.00
InvestmentinFinancialAssets173.95M0.00
AvailableForSaleSecurities173.95M
GoodwillAndOtherIntangibleAssets380.57M238.20M130.72M134.37M
OtherIntangibleAssets139.47M119.12M82.04M85.69M
Goodwill241.10M119.08M48.68M48.68M
NetPPE8.62M10.83M5.04M6.07M
AccumulatedDepreciation-2.42M-1.89M-1.34M-912.00K
GrossPPE11.05M12.72M6.38M6.98M
Leases813.00K714.00K397.00K398.00K
OtherProperties7.06M9.26M4.04M4.64M
MachineryFurnitureEquipment3.17M2.74M1.94M1.95M
Properties0.000.000.000.00
CurrentAssets330.54M93.76M63.78M54.34M
OtherCurrentAssets7.03M
CurrentDeferredAssets3.27M0.000.003.60M
RestrictedCash5.52M0.000.00101.02M
PrepaidAssets7.12M3.64M4.45M6.70M
Receivables27.05M39.98M26.77M31.40M
OtherReceivables218.00K895.00K4.82M1.31M
TaxesReceivable1.83M
AccruedInterestReceivable4.12M129.00K
AccountsReceivable22.70M38.95M21.95M30.09M
AllowanceForDoubtfulAccountsReceivable-438.00K-127.00K-230.00K-98.00K
GrossAccountsReceivable23.14M39.08M22.18M30.19M
CashCashEquivalentsAndShortTermInvestments287.59M50.14M32.56M12.63M
OtherShortTermInvestments200.46M0.00
CashAndCashEquivalents87.13M50.14M32.56M12.63M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow-46.32M-49.23M-22.14M-49.69M
RepurchaseOfCapitalStock-551.00K0.00-5.72M-100.90M
RepaymentOfDebt-818.00K-1.23M-2.06M-4.23M
IssuanceOfDebt0.00817.00K1.23M2.06M
IssuanceOfCapitalStock637.07M0.0050.00M0.00
CapitalExpenditure-4.37M-11.11M-3.83M-769.00K
InterestPaidSupplementalData8.94M12.55M12.19M12.41M
IncomeTaxPaidSupplementalData9.00K68.00K
EndCashPosition92.65M50.14M32.56M12.63M
BeginningCashPosition50.14M32.56M12.63M169.92M
EffectOfExchangeRateChanges-174.00K424.00K0.000.00
ChangesInCash42.68M17.16M19.93M-157.29M
FinancingCashFlow691.31M52.46M42.06M-103.14M
CashFlowFromContinuingFinancingActivities691.31M52.46M42.06M-103.14M
NetOtherFinancingCharges-15.11M-2.73M-2.56M-67.00K
ProceedsFromStockOptionExercised70.72M55.60M1.18M0.00
CashDividendsPaid0.000.00
NetCommonStockIssuance636.52M0.0044.28M-100.90M
CommonStockPayments-551.00K0.00-5.72M-100.90M
CommonStockIssuance637.07M0.0050.00M0.00
NetIssuancePaymentsOfDebt-818.00K-412.00K-830.00K-2.17M
NetShortTermDebtIssuance-818.00K-412.00K-830.00K-2.17M
ShortTermDebtPayments-818.00K-1.23M-2.06M-4.23M
ShortTermDebtIssuance0.00817.00K1.23M2.06M
NetLongTermDebtIssuance0.000.0090.00M
LongTermDebtPayments0.000.00-110.00M
LongTermDebtIssuance0.000.00200.00M
InvestingCashFlow-606.68M2.82M-3.83M-5.23M
CashFlowFromContinuingInvestingActivities-606.68M2.82M-3.83M-5.23M
NetInvestmentPurchaseAndSale-373.29M0.000.00
SaleOfInvestment191.15M0.000.00
PurchaseOfInvestment-564.45M0.000.00
NetBusinessPurchaseAndSale-229.03M13.94M0.00-4.46M
SaleOfBusiness13.94M0.00
PurchaseOfBusiness-229.03M0.00-4.46M-224.00K
NetPPEPurchaseAndSale-525.00K-484.00K-2.00K-769.00K
SaleOfPPE0.006.00K
PurchaseOfPPE-525.00K-484.00K-2.00K-769.00K
CapitalExpenditureReported-3.84M-10.63M-3.83M0.00
OperatingCashFlow-41.95M-38.12M-18.31M-48.92M
CashFlowFromContinuingOperatingActivities-41.95M-38.12M-18.31M-48.92M
ChangeInWorkingCapital4.96M-13.55M3.61M505.00K
ChangeInOtherWorkingCapital593.00K514.00K-1.14M-3.74M
ChangeInOtherCurrentLiabilities2.77M-1.41M-2.29M2.21M
ChangeInPayablesAndAccruedExpense-5.95M-6.90M-1.75M4.82M
ChangeInAccruedExpense-254.00K-2.87M2.64M-5.12M
ChangeInPayable-5.70M-4.03M-4.38M9.94M
ChangeInAccountPayable-5.70M-4.03M-4.38M9.94M
ChangeInPrepaidAssets-10.37M2.08M5.90M-1.70M
ChangeInReceivables17.91M-7.83M2.89M-1.08M
ChangesInAccountReceivables17.24M-11.75M6.40M-798.00K
OtherNonCashItems11.26M14.15M13.29M12.13M
StockBasedCompensation23.33M21.13M18.67M10.87M
ProvisionandWriteOffofAssets351.00K228.00K1.74M55.00K
AssetImpairmentCharge124.04M85.00M0.0054.45M
AmortizationOfSecurities-966.00K0.000.00
DeferredTax-21.66M-328.00K-235.00K-1.92M
DeferredIncomeTax-21.66M-328.00K-235.00K-1.92M
DepreciationAmortizationDepletion15.28M11.87M7.90M7.76M
DepreciationAndAmortization15.28M11.87M7.90M7.76M
OperatingGainsLosses95.37M138.93M7.37M-21.39M
GainLossOnInvestmentSecurities92.79M107.66M7.36M-21.39M
GainLossOnSaleOfPPE0.000.0010.00K0.00
NetIncomeFromContinuingOperations-293.91M-295.55M-70.66M-111.37M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for BBAI
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status