NYSE$BBAI

Bigbear.Ai Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for the first quarter of 2022.

BigBear.ai reported revenue of $36.4 million and a net loss of $18.8 million for the first quarter of 2022. The company reaffirmed its 2022 financial outlook and closed on the acquisition of ProModel Corporation.

  • Revenue of $36.4 million for the quarter ended March 31, 2022.
  • Gross margin of 27% for the quarter ended March 31, 2022.
  • Analytics segment adjusted gross margin of 47% for the quarter ended March 31, 2022.
  • Ending total backlog of $459 million.

Headline financials

Total Revenue

$36.4M

Previous: $35.6M+2.3%
EPS (adj)

-$0.14

Previous: -$0.02-600.0%
Adjusted EBITDA

-$2.92M

Previous: $2.73M-207.2%
Capital Expenditures

-$359K

Previous: $170K-311.2%
Free Cash Flow

-$19.2M

Previous: $723K-2753.4%
Net Income

-$18.8M

Previous: -$2.44M-672.5%
Operating Income

-$16.4M

Previous: -$762K-2055.6%
Gross Profit

$9.87M

Previous: $10.3M-4.0%
Cash & Equivalents

$60M

Previous: $9.93M+504.1%
Total Assets

$272M

Previous: $362M-24.9%
Stock-Based Comp

$3.86M

Previous: $25K+15332.0%

Revenue & EPS history

Bigbear.Ai · Revenue · Quarterly

$36.4M

Q1 2022+2.3%vs Q1 2021
Beat estimate in 4 of 11 quarters(36%)
ActualEstimate

Forward guidance

The Company continues to project revenue between $175 million and $205 million for the year-ended December 31, 2022, including approximately $20 million of commercial revenue.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-10.0%

Avg return

Earnings day

-10.4%

Avg return

5 days after

-1.5%

Avg return

30 days after

21%

4 / 19 earnings

Positive

+6.0%

Q3 2025

Best reaction

-32.7%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.7%+0.2%+14.4%
Q4 2025-7.1%+3.7%-12.7%
Q3 2025+6.0%+6.1%+18.0%
Q1 2025+0.4%-8.7%+24.6%
Q4 2024-20.5%-22.1%-32.1%
Q3 2024-1.2%+9.3%+77.6%
Q2 2024-11.3%-18.5%+5.3%
Q1 2024-13.4%-14.0%-12.8%
Q4 2023-32.7%-39.0%-49.0%
Q3 2023+1.4%+6.1%+11.6%
Q2 2023-13.1%-7.1%-13.1%
Q1 2023-8.6%-14.7%-24.4%
Q4 2022-13.8%-18.4%+41.9%
Q3 2022-4.6%+0.9%-11.1%
Q2 2022-27.0%-29.9%-52.2%
Q1 2022-20.5%-24.1%-49.3%
Q4 2021-23.8%-26.6%+49.5%
Q3 2021+0.2%+0.1%-15.4%
Q2 2021-0.2%-0.2%+0.1%
Q4 2020
Q1 2021
Q3 2020

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