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.
Key figures
- Revenue
- 34400000
- Guidance
- $135 million - $165 million
- Revenue Yoy
- -1%
- Backlog
- 281900000
- Gross margin
- 34.0%
- Debt converted
- 124600000
- Cash and investments
- 431500000
AI analysis
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