BigBear.ai
On October 27, 2026, BigBear.ai Holdings, Inc. (NYSE: BBAI) reported its financial results for the third quarter of 2026 and raised its full--year revenue guidance. Key highlights include:
- Revenue & Margins: Revenue rose 31% year--over--year to $43.6 million, marking its third consecutive quarter of organic growth, driven primarily by demand for its Generative AI Platform. Gross margin expanded 878 basis points to 31.2%.
- Earnings & Impairment: The company recorded a GAAP net loss of $91.9 million (or --$0.19 per share), primarily caused by a $76.7 million non--cash goodwill impairment charge. Non--GAAP Adjusted EBITDA stood at $(9.1) million.
- Backlog & Balance Sheet: Total backlog grew 22% sequentially to $330 million. BigBear.ai ended the quarter with $399 million in cash and investments against $16.7 million in convertible debt scheduled to mature in December 2026, positioning the firm to enter 2027 debt--free.
- Guidance: Full--year 2026 revenue guidance was increased to a range of $150 million to $165 million, representing a 5% increase at the midpoint over previous guidance.