BBAI BigBear.ai Holdings, Inc.

FY2025 10-K
Filed: Mar 2, 2026
Information Technology
Services-Prepackaged SoftwareSEC EDGAR

BigBear.ai Holdings, Inc. (BBAI) filed its fiscal year 2025 10-K annual report with the SEC on Mar 2, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business model centered on data analytics and AI-driven decision support solutions
  • No new products or business segments introduced or emphasized this year
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Management Discussion & Analysis

  • Revenue $127.7M in 2025, down 19.3% YoY from $158.2M in 2024 due to lower Army program volume and no repeat of significant one-time contracts
  • Operating loss increased to $213.9M in 2025 from $133.4M in 2024; gross margin 22.3% in 2025 vs 28.6% in 2024 (calculated: $28.5M/$127.7M vs $45.2M/$158.2M)
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Risk Factors

  • Regulatory risk: U.S. government contract compliance and funding risk tied to government budget process and continuing resolutions impacting revenue timing
  • Geopolitical/macro risk: Exposure to economic uncertainty from ongoing conflicts in Ukraine, Middle East, and Africa affecting customer purchasing decisions
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Financial Summary
XBRL

Revenue

$128M

Net Income

-$294M

Gross Margin

22.3%

Operating Margin

-167.5%

Net Margin

-230.2%

ROE

-48.0%

Total Assets

$895M

EPS (Diluted)

$-0.82

Operating Cash Flow

-$42M

Source: XBRL data from BigBear.ai Holdings, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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