Short answer
BigBear.ai Holdings, Inc. (BBAI) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $34M (down 0.9% year over year) with net income of −$57M.
Q1 2026 key financials · XBRL
- Revenue
- $34M
- −0.9% YoY
- Net income
- −$57M
- +8.4% YoY
- Operating margin
- -70.4%
- Gross margin
- 34.0%
- EPS (diluted)
- −$0.12
- +52.0% YoY
Source: XBRL data from the BigBear.ai Holdings, Inc. (BBAI) Q1 2026 10-Q on SEC EDGAR. USD.
BigBear.ai Holdings, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $34.435M, down 0.9% YoY from $34.757M, reflecting lower Army-program volume and nonrecurring contracts
- Cost of revenue 66% vs 79% YoY; gross margin 34% vs 21% YoY, aided by higher-margin Ask Sage revenue
- SG&A 85% of revenue vs 65% YoY; operating loss $24.255M vs $21.208M
- Adjusted EBITDA loss $9.936M vs $6.989M YoY; free cash flow negative $18.320M vs negative $8.284M
- Ask Sage acquisition required $267.6M cash; federal funding priorities, procurement reforms, and potential program cancellations remain headwinds
Risk Factors
- No material changes to risk factors from the December 31, 2025 Form 10-K
- Carried-forward business risks may materially affect results, financial condition, cash flows, and future prospects
- Forward-looking statement uncertainties remain applicable to projected results and future prospects
- No quarter-specific regulatory, legal, operational, competitive, liquidity, debt, currency, or concentration risk disclosed
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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