NYSE : BBAI
BigBear.ai Holdings, Inc. — Financial statements
Technology · Information Technology Services · United States
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Financial statements
BigBear.ai Holdings, Inc. (BBAI) reported revenue of 142.06M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 142.06M | 127.67M | 158.24M | 155.16M | 155.01M | 145.58M |
| Cost of Revenue | 99.15M | 99.19M | 113.02M | 114.56M | 112.02M | 111.51M |
| Gross Profit | 42.91M | 28.48M | 45.22M | 40.60M | 42.99M | 34.07M |
| Selling, General & Admin | 108.89M | 85.98M | 70.64M | 65.78M | 90.52M | 97.81M |
| Research & Development | 23.30M | 16.75M | 10.86M | 5.04M | 8.39M | 6.03M |
| Operating Expenses | 132.19M | 102.73M | 81.50M | 70.82M | 98.92M | 103.84M |
| Operating Income | -89.27M | -74.26M | -36.28M | -30.22M | -55.92M | -69.77M |
| Interest Expense | -4.91M | -18.12M | -25.65M | -24.88M | -24.09M | -7.76M |
| Interest & Investment Income | 18.11M | 13.25M | 2.29M | 392.00K | ||
| Other Non Operating Income (Expenses) | 33.10M | -94.60M | -107.76M | -7.36M | 21.37M | -33.35M |
| EBT Excluding Unusual Items | -42.97M | -173.72M | -167.39M | -62.06M | -58.65M | -110.89M |
| Merger & Restructuring Charges | -13.85M | -15.57M | -11.00M | -6.57M | -7.55M | -8.70M |
| Impairment of Goodwill | -76.74M | -70.64M | -85.00M | -53.54M | ||
| Gain (Loss) on Sale of Investments | 300.00K | 300.00K | ||||
| Asset Writedown | -53.40M | -53.40M | ||||
| Legal Settlements | -30.00K | -30.00K | -1.14M | -2.25M | ||
| Other Unusual Items | -15.83M | -2.58M | -31.27M | 6.49M | -2.88M | |
| Pretax Income | -202.52M | -315.64M | -295.80M | -70.88M | -113.25M | -122.47M |
| Income Tax Expense | -22.33M | -21.72M | -256.00K | -222.00K | -1.88M | 1.08M |
| Net Income | -180.20M | -293.91M | -295.55M | -70.66M | -111.37M | -123.55M |
| Net Income to Common | -180.20M | -293.91M | -295.55M | -70.66M | -111.37M | -123.55M |
| Shares Outstanding (Basic) | 467.96M | 358.80M | 233.60M | 149.23M | 127.70M | 107.01M |
| Shares Outstanding (Diluted) | 467.96M | 358.80M | 233.60M | 149.23M | 127.70M | 107.01M |
| EPS (Basic) | -0.39 | -0.82 | -1.27 | -0.47 | -0.87 | -1.15 |
| EPS (Diluted) | -0.39 | -0.82 | -1.27 | -0.47 | -0.87 | -1.15 |
| Free Cash Flow | -72.72M | -42.48M | -38.60M | -18.31M | -49.69M | -20.43M |
| Free Cash Flow Per Share | -0.15 | -0.12 | -0.17 | -0.12 | -0.39 | -0.19 |
| Gross Margin | 30.21% | 22.30% | 28.58% | 26.17% | 27.73% | 23.40% |
| Operating Margin | -62.84% | -58.16% | -22.93% | -19.47% | -36.08% | -47.93% |
| Profit Margin | -126.84% | -230.21% | -186.78% | -45.54% | -71.84% | -84.87% |
| Free Cash Flow Margin | -51.19% | -33.27% | -24.40% | -11.80% | -32.05% | -14.03% |
| EBITDA | -70.94M | -63.31M | -25.33M | -22.32M | -48.17M | -62.51M |
| EBITDA Margin | -49.94% | -49.59% | -16.01% | -14.38% | -31.07% | -42.94% |
| D&A For EBITDA | 18.33M | 10.95M | 10.95M | 7.90M | 7.76M | 7.26M |
| EBIT | -89.27M | -74.26M | -36.28M | -30.22M | -55.92M | -69.77M |
| EBIT Margin | -62.84% | -58.16% | -22.93% | -19.47% | -36.08% | -47.93% |
| Advertising Expenses | 3.60M | 157.00K | 337.00K | 339.00K | 763.00K |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 77.11M | 87.13M | 50.14M | 32.56M | 12.63M | 68.90M |
| Short-Term Investments | 208.68M | 200.46M | ||||
| Cash & Short-Term Investments | 285.79M | 287.59M | 50.14M | 32.56M | 12.63M | 68.90M |
| Accounts Receivable | 41.73M | 22.92M | 39.85M | 26.77M | 31.40M | 29.23M |
| Other Receivables | 3.06M | 4.12M | 129.00K | |||
| Receivables | 44.79M | 27.05M | 39.98M | 26.77M | 31.40M | 29.23M |
| Prepaid Expenses | 4.90M | 4.79M | 1.56M | 4.45M | 6.70M | 6.48M |
| Restricted Cash | 1.69M | 5.52M | 101.02M | |||
| Other Current Assets | 13.34M | 5.60M | 2.07M | 3.60M | 546.00K | |
| Total Current Assets | 350.50M | 330.54M | 93.76M | 63.78M | 54.34M | 206.18M |
| Property, Plant & Equipment | 7.34M | 8.62M | 10.83M | 5.04M | 6.07M | 1.08M |
| Long-Term Investments | 113.19M | 173.95M | ||||
| Goodwill | 161.66M | 241.10M | 119.08M | 48.68M | 48.68M | 91.64M |
| Other Intangible Assets | 124.39M | 139.47M | 119.12M | 82.04M | 85.69M | 83.65M |
| Long-Term Deferred Tax Assets | 51.00K | |||||
| Other Long-Term Assets | 902.00K | 860.00K | 990.00K | 372.00K | 483.00K | 780.00K |
| Total Assets | 757.98M | 894.55M | 343.78M | 199.91M | 195.31M | 383.32M |
| Accounts Payable | 8.22M | 6.09M | 8.46M | 11.04M | 15.42M | 5.47M |
| Accrued Expenses | 16.89M | 19.65M | 19.50M | 16.23M | 13.37M | 10.73M |
| Short-Term Debt | 818.00K | 1.23M | 2.06M | 4.23M | ||
| Current Portion of Long-Term Debt | 16.68M | 16.56M | ||||
| Current Portion of Leases | 706.00K | 1.09M | 1.07M | 779.00K | 806.00K | |
| Current Unearned Revenue | 21.23M | 14.76M | 2.54M | 879.00K | 2.02M | 4.21M |
| Other Current Liabilities | 7.48M | 127.37M | 170.59M | 38.95M | 2.08M | 45.37M |
| Total Current Liabilities | 71.22M | 185.52M | 202.97M | 69.11M | 35.76M | 70.02M |
| Long-Term Debt | 90.48M | 135.40M | 156.16M | 192.32M | 190.36M | |
| Long-Term Leases | 5.12M | 6.67M | 9.12M | 4.31M | 5.09M | |
| Long-Term Deferred Tax Liabilities | 328.00K | 248.00K | ||||
| Other Long-Term Liabilities | 10.00K | 324.00K | ||||
| Total Liabilities | 76.34M | 282.68M | 347.49M | 229.91M | 233.18M | 260.95M |
| Common Stock | 49.00K | 46.00K | 26.00K | 17.00K | 14.00K | 14.00K |
| Additional Paid-In Capital | 1.72B | 1.53B | 625.13M | 303.43M | 272.53M | 253.74M |
| Retained Earnings | -1.04B | -865.55M | -571.64M | -276.09M | -253.06M | -131.39M |
| Treasury Stock | -57.35M | -57.35M | -57.35M | -57.35M | ||
| Comprehensive Income & Other | -2.01M | -63.00K | 121.00K | |||
| Shareholders' Equity | 681.64M | 611.87M | -3.71M | -30.00M | -37.87M | 122.37M |
| Total Liabilities & Equity | 757.98M | 894.55M | 343.78M | 199.91M | 195.31M | 383.32M |
| Total Debt | 22.51M | 114.81M | 146.41M | 162.48M | 200.28M | 194.60M |
| Net Cash (Debt) | 263.28M | 172.78M | -96.27M | -129.92M | -187.64M | -125.70M |
| Net Cash Per Share | 0.56 | 0.48 | -0.41 | -0.87 | -1.47 | -1.17 |
| Filing Date Shares Outstanding | 481.39M | 476.06M | 289.01M | 242.63M | 141.48M | 135.57M |
| Total Common Shares Outstanding | 480.43M | 436.96M | 251.55M | 157.29M | 127.02M | 135.57M |
| Working Capital | 279.28M | 145.02M | -109.21M | -5.34M | 18.57M | 136.16M |
| Book Value Per Share | 1.42 | 1.40 | -0.01 | -0.19 | -0.30 | 0.90 |
| Tangible Book Value | 395.58M | 231.30M | -241.91M | -160.72M | -172.24M | -52.91M |
| Tangible Book Value Per Share | 0.82 | 0.53 | -0.96 | -1.02 | -1.36 | -0.39 |
| Machinery | 3.11M | 2.68M | 1.88M | 1.89M | 1.38M | |
| Leasehold Improvements | 813.00K | 714.00K | 397.00K | 398.00K | 117.00K | |
| Order Backlog | 248.06M | 418.31M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -180.20M | -293.91M | -295.55M | -70.66M | -111.37M | -123.55M |
| Depreciation & Amortization | 18.33M | 10.95M | 10.95M | 7.90M | 7.76M | 7.26M |
| Other Amortization | 8.65M | 13.39M | 14.35M | 12.70M | 11.96M | 679.00K |
| Loss (Gain) From Sale of Assets | 10.00K | 14.00K | ||||
| Asset Writedown & Restructuring Costs | 130.14M | 124.04M | 85.00M | 54.45M | ||
| Loss (Gain) From Sale of Investments | -1.66M | -966.00K | ||||
| Stock-Based Compensation | 19.08M | 23.33M | 21.13M | 18.67M | 10.87M | 60.62M |
| Provision & Write-off of Bad Debts | 42.00K | 351.00K | 228.00K | 1.74M | 55.00K | |
| Other Operating Activities | -38.72M | 75.91M | 139.32M | 7.72M | -23.14M | 37.28M |
| Change in Accounts Receivable | -14.44M | 17.91M | -7.83M | 2.89M | -1.08M | -5.23M |
| Change in Accounts Payable | -805.00K | -5.70M | -4.03M | -4.38M | 9.94M | 2.74M |
| Change in Unearned Revenue | 6.14M | 593.00K | 514.00K | -1.14M | -3.74M | 3.67M |
| Change in Other Net Operating Assets | -18.16M | -7.85M | -2.21M | 6.25M | -4.61M | -3.25M |
| Operating Cash Flow | -71.59M | -41.95M | -38.12M | -18.31M | -48.92M | -19.78M |
| Capital Expenditures | -1.13M | -525.00K | -484.00K | -2.00K | -769.00K | -645.00K |
| Cash Acquisitions | -239.21M | -229.03M | 13.94M | -4.46M | -224.00K | |
| Sale (Purchase) of Intangibles | -3.84M | -10.63M | -3.83M | 6.00K | ||
| Investment in Securities | -63.28M | -373.29M | ||||
| Investing Cash Flow | -303.62M | -606.68M | 2.82M | -3.83M | -5.23M | -863.00K |
| Short-Term Debt Issued | 817.00K | 1.23M | 2.06M | 9.23M | ||
| Long-Term Debt Issued | 200.00M | |||||
| Total Debt Issued | 817.00K | 1.23M | 2.06M | 209.23M | ||
| Short-Term Debt Repaid | -818.00K | -1.23M | -2.06M | -4.23M | -5.00M | |
| Long-Term Debt Repaid | -110.00M | |||||
| Total Debt Repaid | -818.00K | -1.23M | -2.06M | -4.23M | -115.00M | |
| Net Debt Issued (Repaid) | -818.00K | -412.00K | -830.00K | -2.17M | 94.23M | |
| Issuance of Common Stock | 70.72M | 55.60M | 51.18M | |||
| Repurchase of Common Stock | -635.77M | -2.15M | -2.38M | -2.56M | -100.96M | |
| Other Financing Activities | 632.55M | 623.56M | -349.00K | -5.72M | 86.63M | |
| Financing Cash Flow | -3.22M | 691.31M | 52.46M | 42.06M | -103.14M | 180.86M |
| Foreign Exchange Rate Adjustments | 648.00K | -174.00K | 424.00K | |||
| Net Cash Flow | -377.78M | 42.51M | 17.58M | 19.93M | -157.29M | 160.22M |
| Free Cash Flow | -72.72M | -42.48M | -38.60M | -18.31M | -49.69M | -20.43M |
| Free Cash Flow Margin | -51.19% | -33.27% | -24.40% | -11.80% | -32.05% | -14.03% |
| Free Cash Flow Per Share | -0.15 | -0.12 | -0.17 | -0.12 | -0.39 | -0.19 |
| Levered Free Cash Flow | -188.57M | -46.99M | 118.19M | 45.70M | 42.49M | -38.35M |
| Unlevered Free Cash Flow | -187.73M | -44.72M | 120.79M | 48.55M | 45.59M | -34.18M |
| Cash Interest Paid | 8.94M | 8.94M | 12.55M | 12.19M | 12.41M | 6.24M |
| Cash Income Tax Paid | -28.00K | -1.51M | -30.00K | 9.00K | 68.00K | |
| Change in Working Capital | -27.27M | 4.96M | -13.55M | 3.61M | 505.00K | -2.08M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.24B | 2.36B | 1.12B | 335.59M | 85.07M | 767.30M |
| Enterprise Value | 978.71M | 1.88B | 1.26B | 502.51M | 255.72M | 864.58M |
| Last Close Price | 2.58 | 5.40 | 4.45 | 2.14 | 0.67 | 5.66 |
| Forward PE | 118.43 | 118.43 | 118.43 | 118.43 | ||
| PS Ratio | 8.74 | 18.46 | 7.05 | 2.16 | 0.55 | 5.27 |
| PB Ratio | 1.82 | 3.85 | -300.24 | -11.19 | -2.25 | 6.27 |
| P/TBV Ratio | 3.14 | 10.19 | ||||
| EV/Sales Ratio | 6.89 | 14.75 | 7.93 | 3.24 | 1.65 | 5.94 |
| Debt / Equity Ratio | 0.03 | 0.19 | -39.42 | -5.42 | -5.29 | 1.59 |
| Net Debt / Equity Ratio | -0.39 | -0.28 | -25.92 | -4.33 | -4.96 | 1.03 |
| Net Debt / EBITDA Ratio | 3.71 | 2.73 | -3.80 | -5.82 | -3.90 | -2.01 |
| Net Debt / FCF Ratio | 3.62 | 4.07 | -2.49 | -7.10 | -3.78 | -6.15 |
| Asset Turnover | 0.17 | 0.21 | 0.58 | 0.79 | 0.54 | 0.48 |
| Quick Ratio | 4.64 | 1.70 | 0.44 | 0.86 | 1.23 | 1.40 |
| Current Ratio | 4.92 | 1.78 | 0.46 | 0.92 | 1.52 | 2.94 |
| Return on Equity (ROE) | -27.90% | -96.66% | -263.60% | -110.93% | ||
| Return on Assets (ROA) | -6.65% | -7.50% | -8.34% | -9.56% | -12.08% | -14.49% |
| Return on Invested Capital (ROIC) | -20.01% | -25.61% | -26.72% | -20.81% | -27.44% | -31.30% |
| Return on Capital Employed (ROCE) | -13.00% | -10.50% | -25.80% | -23.10% | -35.10% | -22.30% |
| Earnings Yield | -15.08% | -12.47% | -26.50% | -21.05% | -130.91% | -16.10% |
| FCF Yield | -5.86% | -1.80% | -3.46% | -5.46% | -58.41% | -2.66% |
| Buyback Yield / Dilution | -50.15% | -53.59% | -56.54% | -16.86% | -19.33% |