NYSE$BBAI
Bigbear.Ai Holdings Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
BigBear.ai reported increased revenue but higher net losses in Q4 2024.
BigBear.ai reported Q4 2024 revenue of $43.8 million, reflecting an 8% year-over-year increase. The company's gross margin improved to 37.4%, up from 32.1% in Q4 2023. However, the company posted a net loss of $108.0 million, driven largely by non-cash changes in derivative liabilities. Adjusted EBITDA came in at $2.0 million, a decrease from $3.7 million in Q4 2023, due to increased recurring SG&A expenses.
- Revenue increased 8% year-over-year to $43.8 million.
- Gross margin improved to 37.4%, compared to 32.1% in Q4 2023.
- Net loss widened to $108.0 million, primarily due to non-cash derivative liability adjustments.
- Adjusted EBITDA declined to $2.0 million from $3.7 million in Q4 2023.
Headline financials
Revenue & EPS history
Bigbear.Ai · Revenue · Quarterly
$43.8M
Forward guidance
BigBear.ai projects full-year 2025 revenue between $160 million and $180 million, with negative single-digit adjusted EBITDA. The company expects continued revenue growth but remains cautious about macroeconomic uncertainties and potential government spending constraints.
Tailwinds
- Revenue guidance of $160M - $180M for 2025.
- Ongoing expansion in AI-powered decision intelligence market.
- Stronger balance sheet after debt reduction efforts.
- Increased contract backlog to $418 million, supporting future revenue.
- Operational efficiency improvements expected in 2025.
Headwinds
- Macroeconomic challenges may impact government spending.
- Continued net losses expected in the near term.
- Higher SG&A expenses could pressure profitability.
- Increased competition in AI and defense-related markets.
- Potential delays in government contract execution.
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 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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