NYSE$BBAI
Bigbear.Ai Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Revenue increased and Heathrow Airport MSA signed, but full-year revenue guidance adjusted due to timing of customer awards and regulatory approvals.
BigBear.ai reported a 3.4% increase in revenue to $39.8 million for Q2 2024 compared to $38.5 million in Q2 2023. The company signed an MSA with Heathrow Airport and announced upcoming exercises for ConductorOS. However, full-year 2024 revenue guidance was adjusted to $165-$180 million due to timing of customer awards and regulatory approvals.
- Revenue increased by 3.4% year-over-year to $39.8 million.
- Gross margin increased to 27.8% compared to 23.3% in the same quarter last year.
- Net loss decreased to $11.7 million compared to $16.9 million in the same quarter last year.
- Ending backlog was $266 million as of June 30, 2024.
Headline financials
Revenue & EPS history
Bigbear.Ai · Revenue · Quarterly
$39.8M
Forward guidance
For the year-ended December 31, 2024, the Company projects revenue between $165 million and $180 million. The projections include the results of Pangiam after the acquisition date of February 29, 2024.
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 2024
-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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