What is BIGBEAR AI HLDGS INC's earnings per share (EPS)?

BIGBEAR AI HLDGS INC (BBAI) reported diluted earnings per share of $-0.82 for fiscal year 2025. This represents a 35.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

BIGBEAR AI HLDGS INC Financials

BBAI

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows BIGBEAR AI HLDGS INC (BBAI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BBAI FY2025 2026-05-05

BigBear.ai's FY2025 was shaped by external capital resetting the balance sheet while core operations still consumed cash.

The latest year made the balance sheet look dramatically stronger, with positive equity at $611.9M and long-term debt down to $90.5M. But that reset was financing-led, not earned through operations, because $691.3M of financing inflows sat beside $606.7M of investing outflows while operating cash flow stayed negative and the business still depended on outside capital for funding.

Unit economics were never robust, but the bigger deterioration sits below gross profit: gross margin fell to 22.3% while operating margin sank to -167.5%. That pattern points to a cost structure that did not shrink with revenue, rather than a simple increase in delivery costs.

The headline EPS change flatters the underlying business. Net loss stayed around -$295M in the last two years, so the smaller per-share loss mainly reflects dilution, with shares outstanding rising to 437.0M from 251.6M, not loss reduction. The same economic loss was spread across many more shares.

Financial Health Signals

Financial Health Score 33/100

Scored as: Emerging companies peer group

Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of BIGBEAR AI HLDGS INC's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Cash Runway

Dilution

R&D Intensity

Revenue Progress

Burn Trend

Balance Sheet

Altman Z-Score Distress

1.08

BIGBEAR AI HLDGS INC scores 1.08, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.4B) relative to total liabilities ($282.7M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

4/9

BIGBEAR AI HLDGS INC passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

0.14x

For every $1 of reported earnings, BIGBEAR AI HLDGS INC generates $0.14 in operating cash flow (-$42.0M OCF vs -$294.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-11.8x

BIGBEAR AI HLDGS INC earns $-11.8 in operating income for every $1 of interest expense (-$213.9M vs $18.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$127.7M

YoY-19.3%

5Y CAGR+11.6%

BIGBEAR AI HLDGS INC generated $127.7M in revenue in fiscal year 2025. This represents a decrease of 19.3% from the prior year.

EBITDA

-$198.6M

YoY-63.4%

BIGBEAR AI HLDGS INC's EBITDA was -$198.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 63.4% from the prior year.

Net Income

-$294.0M

YoY+0.7%

BIGBEAR AI HLDGS INC reported -$294.0M in net income in fiscal year 2025. This represents an increase of 0.7% from the prior year.

EPS (Diluted)

$-0.82

YoY+35.4%

BIGBEAR AI HLDGS INC earned $-0.82 per diluted share (EPS) in fiscal year 2025. This represents an increase of 35.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$42.5M

YoY-10.0%

BIGBEAR AI HLDGS INC generated -$42.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 10.0% from the prior year.

Cash & Debt

$87.1M

YoY+73.8%

5Y CAGR+121.2%

BIGBEAR AI HLDGS INC held $87.1M in cash against $90.5M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

437M

YoY+73.7%

BIGBEAR AI HLDGS INC had 437M shares outstanding in fiscal year 2025. This represents an increase of 73.7% from the prior year.

Margins & Returns

Gross Margin

22.3%

YoY-6.3pp

5Y CAGR-1.5pp

BIGBEAR AI HLDGS INC's gross margin was 22.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 6.3 percentage points from the prior year.

Operating Margin

-167.5%

YoY-83.2pp

5Y CAGR-176.2pp

BIGBEAR AI HLDGS INC's operating margin was -167.5% in fiscal year 2025, reflecting core business profitability. This is down 83.2 percentage points from the prior year.

Net Margin

-230.3%

YoY-43.2pp

5Y CAGR-238.8pp

BIGBEAR AI HLDGS INC's net profit margin was -230.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 43.2 percentage points from the prior year.

Return on Equity

-48.0%

5Y CAGR-101.6pp

BIGBEAR AI HLDGS INC's ROE was -48.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending

$16.8M

YoY+54.2%

5Y CAGR+173.2%

BIGBEAR AI HLDGS INC invested $16.8M in research and development in fiscal year 2025. This represents an increase of 54.2% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$525K

YoY+8.5%

5Y CAGR+96.3%

BIGBEAR AI HLDGS INC invested $525K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 8.5% from the prior year.

BBAI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY19
Revenue	$127.7M-19.3%	$158.2M+2.0%	$155.2M+0.1%	$155.0M+6.5%	$145.6M+97.7%	$73.6M
Cost of Revenue	$99.2M-12.2%	$113.0M-1.4%	$114.6M+2.3%	$112.0M+0.5%	$111.5M+98.7%	$56.1M
Gross Profit	$28.5M-37.0%	$45.2M+11.4%	$40.6M-5.6%	$43.0M+26.2%	$34.1M+94.7%	$17.5M
R&D Expenses	$16.8M+54.2%	$10.9M+115.7%	$5.0M-40.0%	$8.4M+39.1%	$6.0M+5384.5%	$110K
SG&A Expenses	$95.1M+18.9%	$80.0M+12.6%	$71.1M-16.2%	$84.8M-20.4%	$106.5M+867.9%	$11.0M
Operating Income	-$213.9M-60.3%	-$133.4M-241.8%	-$39.0M+64.7%	-$110.5M-40.8%	-$78.5M-1329.6%	$6.4M
Interest Expense	$18.1M-29.4%	$25.6M+3.1%	$24.9M+72.3%	$14.4M+86.0%	$7.8M+6011.8%	$127K
Income Tax	-$21.7M-8385.2%	-$256K-15.3%	-$222K+88.2%	-$1.9M-273.8%	$1.1M+11944.4%	$9K
Net Income	-$294.0M+0.7%	-$296.0M-316.9%	-$71.0M+36.2%	-$111.4M+9.9%	-$123.6M-2078.1%	$6.2M
EPS (Diluted)	$-0.82+35.4%	$-1.27-170.2%	$-0.47+46.0%	$-0.87+24.3%	$-1.15	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$34.4M+26.1%	$27.3M-17.6%	$33.1M+2.1%	$32.5M-6.6%	$34.8M-20.7%	$43.8M+5.6%	$41.5M+4.3%	$39.8M
Cost of Revenue	$22.7M+4.4%	$21.8M-15.4%	$25.7M+5.6%	$24.4M-11.0%	$27.4M-0.2%	$27.4M-10.8%	$30.7M+7.0%	$28.7M
Gross Profit	$11.7M+111.3%	$5.5M-25.3%	$7.4M-8.4%	$8.1M+9.8%	$7.4M-55.0%	$16.4M+52.4%	$10.8M-2.7%	$11.1M
R&D Expenses	$5.5M+14.8%	$4.8M+42.8%	$3.4M-23.2%	$4.4M+5.4%	$4.2M+78.5%	$2.3M-38.9%	$3.8M+7.2%	$3.6M
SG&A Expenses	$29.2M+13.9%	$25.7M+1.6%	$25.3M+17.5%	$21.5M-5.5%	$22.7M+2.2%	$22.2M+27.2%	$17.5M-25.2%	$23.4M
Operating Income	-$24.3M+69.9%	-$80.5M-268.4%	-$21.9M+75.8%	-$90.3M-325.8%	-$21.2M-160.5%	-$8.1M+22.7%	-$10.5M+36.8%	-$16.7M
Interest Expense	$317K-92.0%	$4.0M-13.6%	$4.6M+4.2%	$4.4M-13.6%	$5.1M-18.2%	$6.3M-4.5%	$6.6M+1.5%	$6.5M
Income Tax	$14K+100.1%	-$21.8M-128205.9%	$17K+21.4%	$14K-44.0%	$25K+109.0%	-$278K-1423.8%	$21K+40.0%	$15K
Net Income	-$56.8M-859.5%	-$5.9M-334.7%	$2.5M+101.1%	-$228.6M-268.8%	-$62.0M+55.3%	-$138.6M-816.0%	-$15.1M-4.8%	-$14.4M
EPS (Diluted)	$-0.12	N/A	$-0.03+95.8%	$-0.71-184.0%	$-0.25	N/A	$-0.060.0%	$-0.06

BBAI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY19
Total Assets	$894.5M+160.2%	$343.8M+72.0%	$199.9M+2.4%	$195.3M-49.0%	$383.3M	N/A
Current Assets	$330.5M+252.6%	$93.8M+47.0%	$63.8M+17.4%	$54.3M-73.6%	$206.2M	N/A
Cash & Equivalents	$87.1M+73.8%	$50.1M+54.0%	$32.6M+157.7%	$12.6M-81.7%	$68.9M+4091.0%	$1.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$22.7M-41.7%	$39.0M+77.5%	$21.9M-27.1%	$30.1M+5.2%	$28.6M	N/A
Goodwill	$241.1M+102.5%	$119.1M+144.6%	$48.7M0.0%	$48.7M-46.9%	$91.6M	$0
Total Liabilities	$282.7M-18.7%	$347.5M+51.1%	$229.9M-1.4%	$233.2M-10.6%	$261.0M	N/A
Current Liabilities	$185.5M-8.6%	$203.0M+193.7%	$69.1M+93.3%	$35.8M-48.9%	$70.0M	N/A
Long-Term Debt	$90.5M-33.2%	$135.4M-13.3%	$156.2M-18.8%	$192.3M+1.0%	$190.4M	N/A
Total Equity	$611.9M+16574.7%	-$3.7M+87.6%	-$30.0M-407.5%	$9.8M-93.9%	$159.7M+1267.8%	$11.7M
Retained Earnings	-$865.6M-51.4%	-$571.6M-107.0%	-$276.1M-9.1%	-$253.1M-92.6%	-$131.4M	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$861.7M-3.7%	$894.5M-2.7%	$919.8M+53.5%	$599.4M+51.3%	$396.3M+15.3%	$343.8M-2.9%	$354.1M-1.9%	$360.9M
Current Assets	$394.0M+19.2%	$330.5M-46.7%	$619.8M+46.1%	$424.3M+186.2%	$148.2M+58.1%	$93.8M-10.0%	$104.2M-6.8%	$111.8M
Cash & Equivalents	$100.7M+15.6%	$87.1M-80.9%	$456.6M+16.8%	$390.8M+263.2%	$107.6M+114.6%	$50.1M-23.5%	$65.6M-9.2%	$72.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$22.8M+0.5%	$22.7M-6.8%	$24.4M-14.0%	$28.3M-18.0%	$34.6M-11.3%	$39.0M+20.0%	$32.5M-4.4%	$33.9M
Goodwill	$238.7M-1.0%	$241.1M+397.7%	$48.4M0.0%	$48.4M-59.3%	$119.1M0.0%	$119.1M+0.4%	$118.6M0.0%	$118.6M
Total Liabilities	$71.3M-74.8%	$282.7M-8.7%	$309.7M-6.9%	$332.8M+67.7%	$198.5M-42.9%	$347.5M+53.3%	$226.6M+0.2%	$226.1M
Current Liabilities	$64.8M-65.1%	$185.5M-6.3%	$197.9M-10.7%	$221.6M+148.7%	$89.1M-56.1%	$203.0M+300.8%	$50.6M-5.2%	$53.4M
Long-Term Debt	$0-100.0%	$90.5M-13.7%	$104.9M+2.1%	$102.7M+2.1%	$100.6M-25.7%	$135.4M-18.6%	$166.4M+2.1%	$162.9M
Total Equity	$790.4M+29.2%	$611.9M+0.3%	$610.0M+128.9%	$266.6M+34.8%	$197.8M+5425.7%	-$3.7M-102.9%	$127.5M-5.4%	$134.7M
Retained Earnings	-$922.3M-6.6%	-$865.6M-0.7%	-$859.7M+0.3%	-$862.2M-36.1%	-$633.6M-10.8%	-$571.6M-31.9%	-$433.5M-3.6%	-$418.3M

BBAI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY19
Operating Cash Flow	-$42.0M-10.1%	-$38.1M-108.2%	-$18.3M+62.6%	-$48.9M-147.3%	-$19.8M-580.0%	$4.1M
Capital Expenditures	$525K+8.5%	$484K+24100.0%	$2K-99.7%	$769K+19.2%	$645K+3483.3%	$18K
Free Cash Flow	-$42.5M-10.0%	-$38.6M-110.8%	-$18.3M+63.2%	-$49.7M-143.2%	-$20.4M-597.9%	$4.1M
Investing Cash Flow	-$606.7M-21605.9%	$2.8M+173.7%	-$3.8M+26.8%	-$5.2M-506.5%	-$863K-4694.4%	-$18K
Financing Cash Flow	$691.3M+1217.8%	$52.5M+24.7%	$42.1M+140.8%	-$103.1M-157.0%	$180.9M+6470.6%	-$2.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$0	$0-100.0%	$100.9M	$0	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$18.0M+17.6%	-$21.8M-127.8%	-$9.6M-147.8%	-$3.9M+42.0%	-$6.7M+55.0%	-$14.8M-680.9%	-$1.9M+73.1%	-$7.1M
Capital Expenditures	$319K+26.6%	$252K+34.0%	$188K+3660.0%	$5K-93.8%	$80K-55.6%	$180K+31.4%	$137K+6.2%	$129K
Free Cash Flow	-$18.3M+17.1%	-$22.1M-126.0%	-$9.8M-152.3%	-$3.9M+42.6%	-$6.7M+55.0%	-$15.0M-637.1%	-$2.0M+71.7%	-$7.2M
Investing Cash Flow	$32.7M+109.5%	-$343.8M-32.2%	-$260.1M-22242.7%	-$1.2M+28.1%	-$1.6M+52.5%	-$3.4M+20.8%	-$4.3M-151.8%	-$1.7M
Financing Cash Flow	-$783K-162.0%	$1.3M-99.6%	$335.3M+16.1%	$288.8M+338.0%	$65.9M+2773.3%	$2.3M+646.4%	-$420K-11.4%	-$377K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

BBAI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY19
Gross Margin	22.3%-6.3pp	28.6%+2.4pp	26.2%-1.6pp	27.7%+4.3pp	23.4%-0.4pp	23.8%
Operating Margin	-167.5%-83.2pp	-84.3%-59.2pp	-25.2%+46.1pp	-71.3%-17.4pp	-53.9%-62.6pp	8.7%
Net Margin	-230.3%-43.2pp	-187.1%-141.3pp	-45.8%+26.1pp	-71.8%+13.0pp	-84.9%-93.3pp	8.5%
Return on Equity	-48.0%	N/A	N/A	-1141.6%-1064.3pp	-77.4%-130.9pp	53.5%
Return on Assets	-32.9%+53.2pp	-86.1%-50.6pp	-35.5%+21.5pp	-57.0%-24.8pp	-32.2%	N/A
Current Ratio	1.78+1.3	0.46-0.5	0.92-0.6	1.52-1.4	2.94	N/A
Debt-to-Equity	0.15+36.6	-36.46-31.3	-5.21-24.9	19.71+18.5	1.19	N/A
FCF Margin	-33.3%-8.9pp	-24.4%-12.6pp	-11.8%+20.3pp	-32.0%-18.0pp	-14.0%-19.6pp	5.6%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	34.0%+13.7pp	20.3%-2.1pp	22.4%-2.6pp	25.0%+3.7pp	21.3%-16.2pp	37.4%+11.5pp	25.9%-1.9pp	27.8%
Operating Margin	-70.4%+224.5pp	-295.0%-229.0pp	-66.0%+212.1pp	-278.1%-217.1pp	-61.0%-42.4pp	-18.6%+6.8pp	-25.4%+16.5pp	-41.9%
Net Margin	-164.8%-143.2pp	-21.7%-29.3pp	7.6%+711.7pp	-704.0%-525.7pp	-178.3%+138.0pp	-316.3%-279.8pp	-36.5%-0.2pp	-36.3%
Return on Equity	-7.2%-6.2pp	-1.0%-1.4pp	0.4%+86.2pp	-85.8%-54.4pp	-31.3%	N/A	-11.9%-1.1pp	-10.7%
Return on Assets	-6.6%-5.9pp	-0.7%-0.9pp	0.3%+38.4pp	-38.1%-22.5pp	-15.6%+24.7pp	-40.3%-36.1pp	-4.3%-0.3pp	-4.0%
Current Ratio	6.08+4.3	1.78-1.3	3.13+1.2	1.91+0.3	1.66+1.2	0.46-1.6	2.06-0.0	2.09
Debt-to-Equity	0.00-0.1	0.15-0.0	0.17-0.2	0.39-0.1	0.51+37.0	-36.46-37.8	1.31+0.1	1.21
FCF Margin	-53.2%+27.7pp	-80.9%-51.4pp	-29.5%-17.6pp	-11.9%+7.5pp	-19.4%+14.8pp	-34.2%-29.3pp	-4.9%+13.2pp	-18.1%

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Frequently Asked Questions

What is BIGBEAR AI HLDGS INC's annual revenue?

BIGBEAR AI HLDGS INC (BBAI) reported $127.7M in total revenue for fiscal year 2025. This represents a -19.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is BIGBEAR AI HLDGS INC's revenue growing?

BIGBEAR AI HLDGS INC (BBAI) revenue declined by 19.3% year-over-year, from $158.2M to $127.7M in fiscal year 2025.

Is BIGBEAR AI HLDGS INC profitable?

No, BIGBEAR AI HLDGS INC (BBAI) reported a net income of -$294.0M in fiscal year 2025, with a net profit margin of -230.3%.

What is BIGBEAR AI HLDGS INC's EBITDA?

BIGBEAR AI HLDGS INC (BBAI) had EBITDA of -$198.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does BIGBEAR AI HLDGS INC have?

As of fiscal year 2025, BIGBEAR AI HLDGS INC (BBAI) had $87.1M in cash and equivalents against $90.5M in long-term debt.

What is BIGBEAR AI HLDGS INC's gross margin?

BIGBEAR AI HLDGS INC (BBAI) had a gross margin of 22.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is BIGBEAR AI HLDGS INC's operating margin?

BIGBEAR AI HLDGS INC (BBAI) had an operating margin of -167.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is BIGBEAR AI HLDGS INC's net profit margin?

BIGBEAR AI HLDGS INC (BBAI) had a net profit margin of -230.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is BIGBEAR AI HLDGS INC's return on equity (ROE)?

BIGBEAR AI HLDGS INC (BBAI) has a return on equity of -48.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is BIGBEAR AI HLDGS INC's free cash flow?

BIGBEAR AI HLDGS INC (BBAI) generated -$42.5M in free cash flow during fiscal year 2025. This represents a -10.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is BIGBEAR AI HLDGS INC's operating cash flow?

BIGBEAR AI HLDGS INC (BBAI) generated -$42.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are BIGBEAR AI HLDGS INC's total assets?

BIGBEAR AI HLDGS INC (BBAI) had $894.5M in total assets as of fiscal year 2025, including both current and long-term assets.

What are BIGBEAR AI HLDGS INC's capital expenditures?

BIGBEAR AI HLDGS INC (BBAI) invested $525K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does BIGBEAR AI HLDGS INC spend on research and development?

BIGBEAR AI HLDGS INC (BBAI) invested $16.8M in research and development during fiscal year 2025.

How many shares does BIGBEAR AI HLDGS INC have outstanding?

BIGBEAR AI HLDGS INC (BBAI) had 437M shares outstanding as of fiscal year 2025.

What is BIGBEAR AI HLDGS INC's current ratio?

BIGBEAR AI HLDGS INC (BBAI) had a current ratio of 1.78 as of fiscal year 2025, which is generally considered healthy.

What is BIGBEAR AI HLDGS INC's debt-to-equity ratio?

BIGBEAR AI HLDGS INC (BBAI) had a debt-to-equity ratio of 0.15 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is BIGBEAR AI HLDGS INC's return on assets (ROA)?

BIGBEAR AI HLDGS INC (BBAI) had a return on assets of -32.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is BIGBEAR AI HLDGS INC's cash runway?

Based on fiscal year 2025 data, BIGBEAR AI HLDGS INC (BBAI) had $87.1M in cash against an annual operating cash burn of $42.0M. This gives an estimated cash runway of approximately 25 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is BIGBEAR AI HLDGS INC's Altman Z-Score?

BIGBEAR AI HLDGS INC (BBAI) has an Altman Z-Score of 1.08, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is BIGBEAR AI HLDGS INC's Piotroski F-Score?

BIGBEAR AI HLDGS INC (BBAI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are BIGBEAR AI HLDGS INC's earnings high quality?

BIGBEAR AI HLDGS INC (BBAI) has an earnings quality ratio of 0.14x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can BIGBEAR AI HLDGS INC cover its interest payments?

BIGBEAR AI HLDGS INC (BBAI) has an interest coverage ratio of -11.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is BIGBEAR AI HLDGS INC?

BIGBEAR AI HLDGS INC (BBAI) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.