Every 10-Q that BIGBEAR AI HLDGS INC (BBAI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BBAI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BBAI filings page.
BigBear.ai Holdings, Inc. reported Q2 2026 revenue of $36,749 (in thousands), up from $32,472 a year earlier. Gross margin was $12,051 (in thousands). The quarter showed a much narrower net loss of $25,749 (in thousands), or $0.05 per share, versus $228,619 a year ago. The Ask Sage acquisition contributed $6,098 of revenue and a $1,777 net loss for the quarter.
As of June 30, 2026, cash, cash equivalents and restricted cash were $38,065 (in thousands), down from $92,647 at year‑end, while available‑for‑sale U.S. Treasuries and corporate bonds totaled $373,525 (in thousands) at fair value. Total debt, net, fell to $16,643 (in thousands) after full conversion and retirement of the 2029 Convertible Notes, and derivative liabilities declined to $10,455 (in thousands) from $116,906. Stockholders’ equity increased to $770,324 (in thousands).
The company completed and fully paid restructuring plans begun in 2025 and 2026 and closed the CargoSeer acquisition for $5.0 million focused on customs and border AI. All capacity under prior at‑the‑market equity programs has been used, and common shares outstanding rose to 479,494,493.
BigBear.ai Holdings, Inc. reported a net loss of $56.8 million for the three months ended March 31, 2026, compared with a loss of $62.0 million a year earlier. Revenue was broadly flat at $34.4 million versus $34.8 million, but gross margin increased to $11.7 million from $7.4 million, reflecting lower cost of revenues.
Operating loss widened slightly to $24.3 million, while reported results were heavily affected by non‑operating items, including a $20.1 million net increase in the fair value of derivatives and a $15.8 million loss on extinguishment of debt tied to convertible notes. Basic and diluted net loss per share improved to $(0.12) from $(0.25) due to a higher share count.
BigBear.ai ended the quarter with cash, cash equivalents and restricted cash of $106.7 million and available‑for‑sale investments of $330.7 million, after using $18.0 million in operating cash. Total debt fell sharply to $17.7 million of 2026 Convertible Notes following full conversion of the 2029 Convertible Notes into approximately 38.1 million shares, which shifted the capital structure toward equity and reduced ongoing interest expense.
BigBear.ai Holdings, Inc. reported Q3 results reflecting lower revenue but materially stronger liquidity. Revenue for the quarter was $33.1 million, down from $41.5 million a year ago, with gross margin of $7.4 million. Operating loss was $21.9 million, but a decrease in the fair value of derivatives helped produce net income of $2.5 million for the quarter.
Year to date, revenue was $100.4 million versus $114.4 million last year, and the company recorded a net loss of $288.1 million, including a previously disclosed $70.6 million goodwill impairment in Q2. Liquidity improved significantly: cash and cash equivalents were $456.6 million at September 30, 2025, and the company added $268.9 million of held‑to‑maturity investments. Financing activities included $637.1 million in proceeds from at‑the‑market stock offerings year to date, moving stockholders’ equity to $610.0 million from a deficit at year‑end.
The company ceased to qualify as an emerging growth company as of June 30, 2025 and now requires auditor attestation under Section 404(b). Shares outstanding were 436,551,228 as of November 7, 2025.
BigBear.ai Holdings, Inc. reported a sharp improvement in liquidity alongside a deepening operating loss for the quarter ended June 30, 2025. Cash and cash equivalents rose to $390,845 thousand from $50,141 thousand at year-end, driven primarily by financing activities including a $300,000 thousand at-the-market offering and proceeds from warrant exercises and conversions. Total stockholders' equity moved to $266,550 thousand from a deficit of $(3,714) thousand, reflecting significant equity financing and share issuances.
Revenue for the quarter was $32,472 thousand, down from $39,783 thousand a year earlier, and gross margin narrowed to $8,113 thousand. The company recorded a $70,636 thousand goodwill impairment in Q2 2025 and reported a net loss of $228,619 thousand for the quarter. Derivative liabilities totaled $193,199 thousand at period end, including a $169,135 thousand valuation for the 2029 Notes conversion option, which materially affected reported results.