BigBearai Holdings (BBAI) AI Stock Analysis

• Market Cap: $2.63B
• Dividend Yield: N/A
• Average Volume (3M): 126.91M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.42
• Revenue Growth: -6.95%
• EPS Growth: -53.69%
• Country: US
• Employees: 630
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.01
• Shares Outstanding: 436,551,240
• 10 Day Avg. Volume: 93,735,643
• 30 Day Avg. Volume: 126,910,847
• PEG Ratio: -0.02
• Price to Book (P/B): -279.90
• Price to Sales (P/S): 6.57
• P/FCF Ratio: -26.93
• Enterprise Value/Market Cap: 0.93
• Enterprise Value/Revenue: 16.98
• Enterprise Value/Gross Profit: 62.24
• Enterprise Value/Ebitda: -10.59
• 1Y Price Target: $6.50
• Price Target Upside: 2.52% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): -1.1
• Revenue Forecast (FY): $133.51M

• Rating: 44 Neutral
• Price Target: $5.50 ▼(-13.25% Downside)

BigBearai Holdings' overall stock score is primarily impacted by its poor financial performance, characterized by declining revenue and profitability challenges. Technical analysis and valuation also reflect negative trends, while the earnings call offers some strategic opportunities but is offset by financial difficulties.

Positive Factors

Strong Cash Position

A strong cash position enhances financial flexibility, allowing BigBear.ai to invest in growth opportunities and weather financial challenges.

Strategic Partnerships

International partnerships expand market reach and diversify revenue streams, positioning BigBear.ai for long-term growth in global markets.

Growth in AI Sector

Increased AI investments align with BigBear.ai's focus, offering significant growth potential as demand for AI solutions rises.

Negative Factors

Revenue Decline

Declining revenue indicates challenges in maintaining market share and could impact the company's ability to sustain operations long-term.

Negative EBITDA

Persistent negative EBITDA reflects operational inefficiencies and financial strain, potentially limiting future investment and growth capacity.

Goodwill Impairment

Significant goodwill impairment suggests overvaluation of past acquisitions, impacting financial statements and investor confidence.

BigBearai Holdings Business Overview & Revenue Model

Company Description

BigBearai Holdings (BBAI) is a technology company specializing in artificial intelligence and data analytics, primarily serving the defense, intelligence, and commercial sectors. The company focuses on delivering advanced predictive analytics and decision support solutions that leverage AI to help clients optimize operations, enhance situational awareness, and improve decision-making processes.

How the Company Makes Money

BigBearai generates revenue through a combination of government contracts and commercial partnerships. A significant portion of its earnings comes from providing AI-driven analytics solutions to defense and intelligence agencies, which typically involve long-term contracts and ongoing support services. In addition, BBAI collaborates with private sector companies to offer customized data analytics solutions, contributing to its revenue stream. The company also invests in research and development to innovate its product offerings, which can lead to new revenue opportunities and partnerships in emerging markets.

BigBearai Holdings Financial Statement Overview

Summary

BigBearai Holdings faces significant financial challenges, with declining revenue, persistent losses, and negative margins. The balance sheet reflects instability with fluctuating equity and leverage issues, while cash flow is under pressure with negative operating and free cash flows.

Income Statement

BigBearai Holdings has experienced declining revenue growth, with a negative growth rate in the TTM period. The company also shows negative margins across the board, including gross, net, EBIT, and EBITDA margins, indicating significant profitability challenges. The consistent negative net profit margin highlights ongoing operational inefficiencies.

Balance Sheet

The balance sheet shows a low debt-to-equity ratio in the TTM period, suggesting manageable leverage. However, the negative return on equity and fluctuating equity levels over the years indicate financial instability. The equity ratio is not favorable, reflecting potential risks in asset management.

Cash Flow

Cash flow analysis reveals negative operating and free cash flows, with a declining free cash flow growth rate. The operating cash flow to net income ratio is negative, indicating cash flow issues relative to earnings. The free cash flow to net income ratio is above 1, suggesting some ability to cover net losses, but overall cash flow health is weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	144.20M	158.24M	155.16M	155.01M	145.58M	91.32M
Gross Profit	39.34M	45.22M	40.60M	42.99M	34.07M	21.68M
EBITDA	-231.18M	-258.28M	-22.32M	-48.17M	-107.44M	6.61M
Net Income	-434.57M	-295.55M	-70.66M	-111.37M	-123.55M	-2.55M
Balance Sheet
Total Assets	919.76M	343.78M	199.91M	195.31M	383.32M	218.37M
Cash, Cash Equivalents and Short-Term Investments	586.66M	50.14M	32.56M	12.63M	68.90M	9.70M
Total Debt	112.89M	146.41M	200.59M	200.28M	194.60M	106.99M
Total Liabilities	309.74M	347.49M	267.25M	233.18M	260.95M	117.97M
Stockholders Equity	610.02M	-3.71M	-67.33M	-37.87M	122.37M	100.40M
Cash Flow
Free Cash Flow	-39.22M	-49.23M	-22.14M	-49.69M	-20.42M	922.00K
Operating Cash Flow	-34.92M	-38.12M	-18.31M	-48.92M	-19.78M	1.20M
Investing Cash Flow	-266.27M	2.82M	-3.83M	-5.23M	-863.00K	-184.99M
Financing Cash Flow	692.35M	52.46M	42.06M	-103.14M	180.86M	192.22M

BigBearai Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.34
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BBAI, the sentiment is Positive. The current price of 6.34 is above the 20-day moving average (MA) of 6.04, below the 50-day MA of 6.79, and above the 200-day MA of 5.33, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 50.90 is Neutral, neither overbought nor oversold. The STOCH value of 70.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BBAI.

BigBearai Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LDOS	80 Outperform	$24.43B	17.82	29.51%	0.84%	6.48%	22.17%
PLTR	69 Neutral	$401.49B	393.94	19.76%	―	47.23%	116.33%
PSN	67 Neutral	$9.02B	24.11	15.89%	―	-0.24%	389.03%
ASGN	66 Neutral	$1.92B	15.18	7.25%	―	-4.86%	-25.15%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
AI	45 Neutral	$1.95B	―	-40.94%	―	14.34%	-13.27%
BBAI	44 Neutral	$2.63B	―	-111.83%	―	-6.95%	-53.69%

BigBearai Holdings Corporate Events

BigBear.ai Reports Q3 2025 Results and Strategic Acquisition

BigBear.ai Holdings, Inc. is a leading provider of AI-powered decision intelligence solutions, serving sectors such as defense and national security with predictive analytics capabilities. The company recently announced its third-quarter 2025 financial results and a definitive agreement to acquire Ask Sage, a generative AI platform tailored for secure AI model distribution in highly-regulated sectors. The acquisition is expected to bolster BigBear.ai’s offerings and deliver significant annual recurring revenues.

BigBear.ai Acquires Ask Sage for $250 Million

On November 10, 2025, BigBear.ai Holdings announced a definitive agreement to acquire Ask Sage, a generative AI platform, for $250 million. This acquisition aims to enhance BigBear.ai’s capabilities in secure AI distribution, particularly for defense and national security sectors. The merger is expected to close by early 2026, with Ask Sage projected to deliver an annual recurring revenue of approximately $25 million in 2025. Despite a 20% revenue decline in Q3 2025 compared to the previous year, BigBear.ai reported a net income of $2.5 million, showing improvement from a net loss in Q3 2024. The company remains optimistic about future growth opportunities, particularly in border security and defense, and continues to project full-year 2025 revenue between $125 million and $140 million.

The most recent analyst rating on (BBAI) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on BigBearai Holdings stock, see the BBAI Stock Forecast page.

BigBear.ai Appoints Sean Ricker as CFO

On October 14, 2025, BigBear.ai Holdings, Inc. announced the appointment of Sean R. Ricker as Chief Financial Officer. Mr. Ricker, who has been serving as interim CFO since June 2025, will receive a compensation package that includes a base salary of $420,000, eligibility for an annual bonus, and a retention award of 200,000 Restricted Stock Units. His previous roles within the company include Chief Accounting Officer and Corporate Controller.

The most recent analyst rating on (BBAI) stock is a Hold with a $5.50 price target. To see the full list of analyst forecasts on BigBearai Holdings stock, see the BBAI Stock Forecast page.

BigBear.Ai’s Earnings Call: Strategic Gains Amid Financial Challenges

The recent earnings call for BigBear.Ai Holdings, Inc. painted a picture of mixed sentiment, highlighting both strategic opportunities and financial challenges. While the company showcased its strong market positioning, particularly in AI and international partnerships, these positives were counterbalanced by issues such as a decline in revenue, contract disruptions, and a negative adjusted EBITDA, resulting in an overall neutral sentiment.