NYSE$BBAI
Bigbear.Ai Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Announced 16% Year-over-Year Revenue Growth and Reporting Segment Changes in Q1 2023
BigBear.ai reported a 15.8% increase in revenue to $42.2 million for Q1 2023 compared to $36.4 million in Q1 2022. The company's net loss was $26.2 million, which included $10.6 million of non-cash expenses. They are reiterating FY23 revenue guidance of $155 million to $170 million.
- Revenue grew 15.8% to $42.2 million for the first quarter of 2023, compared to $36.4 million for the first quarter of 2022.
- Gross margin of 24.2% in the first quarter of 2023, a decrease from 27.1% in the first quarter of 2022, was primarily driven by incremental costs on the Global Force Information Management (GFIM) Phase 2 contract.
- Net loss of $26.2 million for the first quarter of 2023, which includes $10.6 million of non-cash expense related to the change in fair value of PIPE warrants that were issued in January 2023.
- Non-GAAP Adjusted EBITDA of $(3.8) million for the first quarter of 2023 compared to $(2.9) million for the first quarter of 2022.
Headline financials
Revenue & EPS history
Bigbear.Ai · Revenue · Quarterly
$42.2M
Forward guidance
For the year-ended December 31, 2023, the Company continues to project revenue between $155 million and $170 million and single digit negative adjusted EBITDA.
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 2023
-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
| Quarter | Report date | Reaction (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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