The earnings call presented a mixed picture with significant strategic opportunities and market positioning advantages, particularly in AI and international partnerships. However, these were balanced by financial challenges such as revenue decline, contract disruptions, and a negative adjusted EBITDA, leading to a neutral sentiment.

Company Guidance

During the second quarter 2025 earnings call, BigBear.ai provided an optimistic outlook despite some challenges. The company highlighted a transformative funding environment, notably the $170 billion supplemental funding for the Department of Homeland Security and $150 billion for the Department of Defense, which are expected to drive growth. BigBear.ai reported a strong financial position with a record $391 million in cash and a net positive cash position of nearly $250 million. Revenue for the quarter was $32.5 million, a decrease from the previous year, primarily due to disruptions in Army programs. The company adjusted its full-year revenue guidance to between $125 million and $140 million and withdrew its adjusted EBITDA guidance due to reduced revenue outlook and increased investment plans. Despite these challenges, BigBear.ai emphasized its strategic focus on expanding its pipeline, targeting acquisitions, and leveraging its AI capabilities to capitalize on significant growth opportunities in national security, AI, and logistics sectors.

Record Cash Position

BigBear.ai reported an all-time record cash position of $391 million and a net positive cash position of almost $250 million, marking the first time in the company's history where total cash exceeds total debt.

Passage of the One Big Beautiful Bill (OB3)

OB3 provides $170 billion in supplemental funding to the Department of Homeland Security and $150 billion to the Department of Defense, directly benefiting BigBear.ai's core capabilities in national and border security.

International Partnerships and Expansion

BigBear.ai formed a transformative partnership with leading companies in the UAE and launched a cargo security management solution with Narval Holdings in Panama, indicating strategic global expansion.

Strong Market Position in Biometric Solutions

BigBear.ai's biometric solution, veriScan, has become a market standard for enhanced passenger processing, and the company expanded deployments across 12 airports and seaports in North America.

Significant Growth Opportunities in AI

The U.S. and allies have committed to unprecedented partnerships in AI, with U.S. investments projected to surge by 44% year-over-year, aligning with BigBear.ai's strategic focus.

BigBearai Holdings (BBAI) Earnings, Revenues Date & History

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BBAI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	-0.07 / -	-0.05	―	―	―
Aug 11, 2025	2025 (Q2)	-0.06 / -0.71	-0.05	-1320.00% (-0.66)
May 01, 2025	2025 (Q1)	-0.06 / -0.25	-0.67	62.69% (+0.42)	―
Mar 06, 2025	2024 (Q4)	-0.05 / -0.43	-0.14	-207.14% (-0.29)	―	―
Nov 05, 2024	2024 (Q3)	-0.07 / -0.05	0.03	-266.67% (-0.08)	―	―
Aug 01, 2024	2024 (Q2)	-0.07 / -0.05	-0.12	58.33% (+0.07)	―	―
May 02, 2024	2024 (Q1)	-0.06 / -0.67	-0.19	-252.63% (-0.48)	―	―
Mar 07, 2024	2023 (Q4)	-0.05 / -0.14	-0.23	39.13% (+0.09)	―	―
Nov 07, 2023	2023 (Q3)	-0.06 / 0.03	-0.13	123.08% (+0.16)	―	―
Aug 08, 2023	2023 (Q2)	-0.06 / -0.12	-0.45	73.33% (+0.33)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BBAI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 11, 2025	$7.09	$5.97	-15.80%
May 01, 2025	$3.34	$3.36	+0.60%
Mar 06, 2025	$4.20	$3.34	-20.48%
Nov 05, 2024	$1.76	$1.59	-9.66%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.