NYSE$BBAI
Bigbear.Ai Holdings Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Revenue grew slightly, gross margin decreased due to Virgin Orbit bankruptcy, and net loss decreased due to reduced operating expenses.
BigBear.ai reported a slight increase in revenue for Q2 2023, but gross margin decreased due to the Virgin Orbit bankruptcy. However, the net loss significantly decreased due to reduced operating expenses.
- Revenue increased by 2.2% year-over-year to $38.5 million.
- Gross margin was 23.3%, down from 25.5% in Q2 2022, impacted by Virgin Orbit's bankruptcy.
- Net loss was $16.9 million, improved from $56.8 million in Q2 2022.
- Non-GAAP Adjusted EBITDA was $(3.2) million, compared to $(7.7) million in Q2 2022.
Headline financials
Revenue & EPS history
Bigbear.Ai · Revenue · Quarterly
$38.5M
Forward guidance
BigBear.ai reiterates FY2023 revenue guidance between $155 million and $170 million and expects single digit negative adjusted EBITDA.
Tailwinds
- Revenue between $155 million and $170 million is projected.
- Company expects 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 Q2 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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