11Mês·

BigBear AI Q3’25 Earnings Highlights

$BBAI (-2,23%)


🔹 Revenue: $33.1M (Est. $31.54M) 🟢; DOWN -20% YoY

🔹 EPS: ($0.03) (Est. ($0.07)) 🟢

🔹 Gross Margin: 22.4% (vs. 25.9% YoY)

🔹 Adj EBITDA: ($9.4M)


Balance Sheet & Backlog

🔹 Cash & Equivalents: $456.6M (record high)

🔹 Backlog: $376M


Acquisition

🔹 Agreed to acquire Ask Sage for $250M

🔹 Ask Sage expected to generate ~$25M ARR in 2025 (6x YoY growth)

🔹 Closing expected late Q4’25 / early Q1’26

🔹 Expands secure GenAI + agentic AI capabilities for defense & national security


Outlook

🔹 Reaffirms FY25 Revenue: $125M–$140M

🔹 Notes government shutdown delays but sees strong FY26 federal demand pipeline


Management Commentary

🔸 “The acquisition positions BigBear as a secure, integrated AI platform for mission-critical environments.” – CEO Kevin McAleenan

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I have a small percentage in my portfolio, I think it could be interesting in 2030.
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