NYSE$BBAI

Bigbear.Ai Holdings Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

BigBear.ai Holdings Inc reported a net loss of $228.6 million for Q2 2025.

BigBear.ai reported revenues of $32.5 million in Q2 2025, down from prior periods with significant operating losses driven by goodwill impairment and derivative fair value changes. The company continued investments in R&D and SG&A while managing restructuring activities.

  • Revenue reached $32.5 million for the quarter.
  • Net loss totaled $228.6 million, heavily impacted by $70.6 million goodwill impairment.
  • Gross margin improved to 25% of revenue.
  • Operating expenses rose with increased SG&A and R&D spending.

Headline financials

Total Revenue

$32.5M

Previous: $39.8M-18.4%
EPS (adj)

-$0.71

Previous: -$0.05-1320.0%
Capital Expenditures

-$85K

Previous: -$167K+49.1%
Net Income

-$229M

Previous: -$11.7M-1847.8%
Operating Income

-$90.3M

Previous: -$16.7M-441.7%
Gross Profit

$8.11M

Previous: $11.1M-26.7%

Revenue & EPS history

Bigbear.Ai · Revenue · Quarterly

$32.5M

Q2 2025-18.4%vs Q2 2024
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-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
Q2 2025
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%
Q1 2021
Q4 2020
Q3 2020

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