BigBear.ai Announces Third Quarter 2026 Results and Raises FY 2026 Revenue Guidance
BigBear.ai reported Q3 2026 revenue of $43.6 million, up 31% year-over-year -- its third straight quarter of organic growth -- with gross margin expanding 878bps to 31.2%. GAAP results swung to a $91.9 million net loss, driven primarily by a $76.7 million non-cash goodwill impairment; Adjusted EBITDA was $(9.1) million, roughly flat YoY. The company raised FY2026 revenue guidance to $150-$165 million (up 5% at the midpoint), citing more than 25 new contract wins worth over $225 million since Q2, including awards from the FBI, U.S. Coast Guard, and Department of Energy.
Key figures
- Revenue
- 43581000
- Guidance
- FY2026 revenue $150M-$165M, a 5% increase from the previous guidance midpoint
- Revenue Yoy
- 31%
- Backlog
- 330000000
- Gross margin
- 31.2%
- New contract wins
- >25 since Q2 2026, worth more than $225 million in contract value
- Goodwill impairment
- 76737000
- Cash and investments
- ~$285.8M (cash $77.1M + available-for-sale investments $208.7M)
- Backlog growth since q2
- 22%
- Gross margin expansion bps
- 878
AI analysis
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