NYSE$BBAI
Bigbear.Ai Holdings Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Announced fourth quarter and full year 2021 financial results.
BigBear.ai reported Q4 2021 revenue of $33.5 million and a net loss of $114.8 million. The company's ending backlog was $465 million, and cash and cash equivalents totaled $68.9 million. The company is looking forward to even more exciting growth opportunities in 2022.
- Revenue of $33.5 million in the fourth quarter.
- Gross margin of 11% in the fourth quarter.
- Non-GAAP adjusted gross margin of 34% for the Analytics segment and 28% for the Cyber & Engineering segment in the fourth quarter.
- Net loss of $114.8 million in the fourth quarter, reflective of $61 million of stock-based compensation expense from vesting that occurred upon the merger.
Headline financials
Revenue & EPS history
Bigbear.Ai · Revenue · Quarterly
$33.5M
Forward guidance
For the year-ended December 31, 2022, the Company is projecting revenue between $175 million and $205 million, including approximately $20 million of commercial revenue and Positive Adjusted EBITDA.
Tailwinds
- Revenue between $175 million and $205 million
- Approximately $20 million of commercial revenue
- Positive Adjusted EBITDA
- Strategic M&A to make 2022 a transformational year for the company
- Expect to grow revenue substantially among commercial customers
Headwinds
- Actual results may differ materially from those projected
- Projections reflect known impacts from the COVID-19 pandemic
- Time between solicitation and contract award increased from 290 days to more than 600 days between 2019 and 2021
- Cannot predict how the pandemic will evolve or what impact it will continue to have
- Outlook is based on certain assumptions that are subject to the risk factors discussed in the Company’s filings with the Securities and Exchange Commission
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 Q4 2021
-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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