BigBear.ai Holdings, Inc.

BigBear.ai Secures More Than $225 million in Contract Awards Across Homeland Security, Defense, Intelligence and Federal Civilian Agencies

BigBear.ai announced more than $225 million in total contract value awards since July across homeland security, defense, intelligence and federal civilian customers. The wins include over 25 new generative AI awards at agencies such as the FBI, NASA, the U.S. Coast Guard, the Department of Energy and the Department of Veterans Affairs, plus two CBP recompetes with partners SAIC and Unissant. TCV includes unexercised options and ceiling values, so funded revenue will likely be far lower; total backlog was ~$270 million as of June 30, 2026, with only about 29% funded.

•26d ago

BigBear.ai Appoints Retired U.S. Army Lt. Gen. Sean A. Gainey to Board of Directors

BigBear.ai appointed retired U.S. Army Lt. Gen. Sean A. Gainey to its Board of Directors, effective August 13, 2026. Gainey brings 36 years of military experience, having previously led the Joint Counter-small Unmanned Aircraft Systems Office and commanded U.S. Army Space & Missile Defense Command. The company expects his expertise in integrating complex defense technologies to bolster its National Security strategy and ConductorOS platform.

•2mo ago

BigBear.ai Announces Second Quarter 2026 Results; Delivers 13% Growth, 20+ New Contract Wins, and Expanded Margins; Affirms Full Year Revenue Guidance

BigBear.ai reported Q2 revenue of $36.7 million, a 13% year-over-year increase, driven primarily by revenue from Ask Sage’s GenAI Platforms and Products. Gross margin expanded significantly by 781 basis points to 32.8%, while backlog grew 9% to $269.6 million, reflecting strong demand and contract wins. Management reaffirmed full-year revenue guidance of $135 million to $165 million and emphasized a strong balance sheet with $409.8 million in cash and investments to support future M&A.

•3mo ago

BigBear.ai Launches Expanded Generative AI Platform and Capabilities for Department of War Missions

BigBear.ai announced a significant expansion of its generative AI platform for the Department of War, featuring new air-gapped hardware and delivery options designed to support secure, local deployments up to Top Secret/SCI levels. The company will phase out the Ask Sage brand for DoW customers in favor of this redesigned platform, which supports the Department's AI Acceleration Strategy by enabling capabilities in disconnected operational environments. A new 'Bring-Your-Own-Model' delivery option separates platform licensing from model access, giving customers greater control and flexibility over procurement and usage.

•3mo ago

BigBear.ai’s Pangiam Threat Detection Receives Dutch National Approval for Airport Security Screening

BigBear.ai announced that its Pangiam Threat Detection platform has received Dutch national approval from the Netherlands’ National Coordinator for Counterterrorism and Security. The approval follows testing by TNO and confirms the system met APIDS Standard 1 criteria when configured with SureScan Corporation’s DETECT 1000 CT screening system. This marks the first milestone in a broader series of tests and validates the company’s AI-enabled screening capabilities for use in regulated aviation security environments.

•4mo ago

BigBear.ai and International Shipping Compliance (ISC) Announce First Deployment of AI-Powered Supply Chain Security Platform in Panama’s Dry Canal

BigBear.ai announced the first commercial deployment of its AI-powered cargo security platform in Panama’s Dry Canal, signed with PTG, the country’s largest logistics operator. The solution, co-developed with partner International Shipping Compliance (ISC), uses biometrics and advanced analytics to create an auditable chain-of-custody for containers, aiming to disrupt smuggling and improve customs visibility. This marks a significant step in BigBear’s strategy to expand its mission-ready AI technology into commercial trade and travel sectors, leveraging Panama’s position as a critical global trade gateway.

•5mo ago

BigBear.ai Announces First Quarter 2026 Results, Increases Backlog Including More Than $60 million in National Security Contracts, and Affirms Revenue Guidance

BigBear.ai reported Q1 revenue of $34.4 million with gross margins expanding 1,278 basis points year-over-year to 34.0%. Backlog increased 14% sequentially to $281.9 million, driven by a $53 million sole-source prime classified award in national security. The company reaffirmed full-year revenue guidance of $135 million to $165 million and settled $124.6 million of convertible debt, leaving $431.5 million in cash and investments.

•6mo ago