BigBear.ai Holdings, Inc. (BBAI) Form 10-Q — Oct 28, 2026
BigBear.ai reported Q3 2026 revenue of $43.6 million, up 31.5% year over year, driven primarily by the Ask Sage acquisition, with gross margin improving to 31% from 22%. However, the company posted a net loss of $91.9 million for the quarter, dominated by a $76.7 million non-cash goodwill impairment triggered by downward revisions to long-term forecasts. This is the second consecutive year of goodwill impairment, following a $70.6 million charge in Q2 2025, bringing accumulated impairment losses to $285.9 million. The valuation inputs disclose a stock price of $2.65 versus $5.40 at December 31, 2025.
Key figures
- Revenue
- 43581000
- Total Debt
- 17668000
- Revenue Yoy
- 31.5% (Q3 YoY); nine-month revenue $114.8M vs $100.4M
- Total Assets
- 757982000
- Cash Position
- 77112000
- Shares Outstanding
- 481390957
- Gross margin q3
- 31.2%
- Nine month net loss
- 174366000
- 2026 notes remaining
- 17700000
- Operating cash burn 9m
- 49758000
- Atm program 2026 shares
- 100000000
- Stock price at valuation
- 2.65
- Us government revenue q3
- 39232000
- Goodwill impairment q3 2026
- 76737000
- Available for sale investments
- 321863000
- Accumulated goodwill impairment
- 285900000
- Ask sage purchase consideration
- 272100000
AI analysis
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