NYSE$BBAI
Bigbear.Ai Holdings Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
BigBear.ai reported Q1 2026 revenue of $34.4M (-1% YoY) with a net loss of $56.8M, or $(0.12) per share.
For the quarter ended March 31, 2026, BigBear.ai generated revenue of $34.4 million versus $34.8 million from AI-enabled decision intelligence for defense and commercial customers. Net loss was $56.8 million, or $(0.12) per share, compared with a $(62.0) million loss and $(0.25) a year ago. Operating loss was $24.3 million; fair-value derivative gains and debt extinguishment losses affected other income.
- Revenue $34.4M flat YoY; net loss $(56.8)M.
- Diluted loss per share $(0.12) versus $(0.25) prior year.
- Defense and national security AI contracts core revenue.
- Ask Sage merger transaction expenses in period.
- Operating loss $(24.3)M; gross margin $11.7M.
Headline financials
Revenue & EPS history
Bigbear.Ai · Revenue · Quarterly
$34.4M
Forward guidance
BigBear.ai discusses contract backlog, Ask Sage integration, and path to adjusted EBITDA without numeric quarterly guidance.
Tailwinds
- Net loss narrowed on per-share basis.
- Defense AI budget tailwinds.
- Gross margin improved versus prior year.
Headwinds
- Revenue flat; still deeply unprofitable on GAAP basis.
- Debt extinguishment and derivative volatility.
- Competition in government AI analytics.
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 2026
-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 | — | — | — |
Discussion
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