NYSE$BBAI

Bigbear.Ai Holdings Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

BigBear.ai experienced revenue growth and improved gross margins in the fourth quarter of 2022.

BigBear.ai announced a 21% year-over-year increase in fourth-quarter revenue, driven by key program wins. The company's analytics segment saw a 39% revenue increase, and gross margin improved to 29%. They are focused on growth and efficiency.

  • Revenue increased by 21% to $40.4 million compared to the fourth quarter of 2021.
  • Analytics revenue increased by 39% compared to the same period in 2021, reaching $23.1 million.
  • Gross margin improved to 29% compared to 11% for the fourth quarter of 2021.
  • Net loss was $29.9 million, impacted by a non-cash goodwill impairment charge of $18.3 million in the Analytics segment.

Headline financials

Total Revenue

$40.4M

Previous: $33.5M+20.5%
EPS (adj)

-$0.23

Previous: -$0.70+67.1%
Capital Expenditures

$33K

Previous: $44K-25.0%
Free Cash Flow

-$10.6M

Previous: -$17.6M+39.8%
Net Income

-$29.9M

Previous: -$115M+74.0%
Operating Income

-$26.4M

Previous: -$72M+63.4%
Gross Profit

$11.8M

Previous: $3.83M+207.9%
Cash & Equivalents

$12.6M

Previous: $68.9M-81.7%
Total Assets

$195M

Previous: $383M-49.0%
Stock-Based Comp

-$295K

Previous: $60.5M-100.5%

Revenue & EPS history

Bigbear.Ai · Revenue · Quarterly

$40.4M

Q4 2022+20.5%vs Q4 2021
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Forward guidance

The Company projects revenue between $155 million and $170 million for the year ended December 31, 2023 and 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 Q4 2022

Historical avgQ4 2022

-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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