NYSE$BBAI

Bigbear.Ai Holdings Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

BigBear.ai reported Q3 2025, revenue of $11.1M, a net loss of $25.8M.

For Q3 2025, BigBear.ai reported revenue of $11.1M, a net loss of $25.8M. Management discussed operating trends, liquidity, and priorities as disclosed in the quarterly filing.

  • Revenue $11.1M.
  • Net loss $25.8M.
  • BigBear.ai updated strategic and capital priorities in the filing.

Headline financials

Total Revenue

$33.1M

Previous: $41.5M-20.1%
EPS (adj)

-$0.03

Previous: -$0.05+40.0%
Gross Margin

22.4%

Previous: 25.9%-13.5%
Adjusted EBITDA

-$9.4M

Previous: $948K-1091.7%
Capital Expenditures

-$273K

Previous: -$304K+10.2%
Net Income

$2.52M

Previous: -$12.2M+120.7%
Operating Income

-$21.9M

Previous: -$10.5M-107.4%
Gross Profit

$7.43M

Previous: $10.8M-31.0%

Revenue & EPS history

Bigbear.Ai · Revenue · Quarterly

$33.1M

Q3 2025-20.1%vs Q3 2024
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Forward guidance

The filing discusses BigBear.ai's outlook, capital deployment, and key risks without relying solely on numeric EPS guidance.

Tailwinds

  • BigBear.ai cited execution on strategic priorities in the filing.
  • Balance sheet and liquidity support continued operations.

Headwinds

  • GAAP profitability remained under pressure in the quarter.
  • Macro, competitive, and cost pressures may affect margins.
  • Segment mix and one-time items can affect comparability.

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 Q3 2025

Historical avgQ3 2025

-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
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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