BigBear.ai Holdings, Inc. reported third-quarter 2026 revenue of $43.581 million, up 31% year over year, and raised its 2026 revenue guidance to $150 million to $165 million, 5% above the prior guidance range midpoint. Gross margin was 31.2%, compared with 22.4% a year earlier, an 878-basis-point increase. The company reported more than 25 new contract wins since the second quarter of 2026, with over $225 million in contract value.
GAAP net results were a $91.854 million loss, compared with $2.521 million of net income a year earlier, primarily driven by a $76.737 million non-cash goodwill impairment charge. Non-GAAP Adjusted EBITDA was a $9.080 million loss, versus $9.401 million a year earlier. Total backlog was approximately $330 million as of September 30, 2026, up 22% since the second quarter; approximately 23% was funded.