BigBear.ai Holdings, Inc. filings document the company's AI decision-intelligence business, operating results, capital structure, and governance as a public company with common stock and redeemable warrants listed on the New York Stock Exchange. Form 8-K reports cover quarterly and annual results, backlog and contract activity, debt and equity-related capital-structure items, material events, bylaw amendments, and stockholder vote outcomes.
Proxy statements describe board matters, executive compensation, equity awards, shareholder meeting proposals, voting standards, universal proxy procedures, and authorized-share proposals. Other disclosure categories address risk factors, material agreements, warrants, convertible-note settlement activity, liquidity, completed acquisitions, and the company's AI, cybersecurity, digital identity, autonomous systems, supply chain, and Ask Sage platform operations.
BigBear.ai Holdings, Inc. files its annual report describing a specialized AI business focused on national security, travel, and trade, with deep exposure to U.S. government customers. The company emphasizes mission-ready AI, computer vision, predictive analytics, biometrics, and logistics solutions.
Management highlights a much stronger balance sheet: market capitalization rose from approximately $1.1 billion in January 2024 to $2.4 billion in December 2025, while cash, cash equivalents, and available-for-sale debt securities increased from $50.1 million to $461.5 million as of December 31, 2025. Total debt fell from $142.3 million as of December 31, 2025 to $17.7 million subsequent to year-end.
The report notes the acquisition of Ask Sage, a FedRAMP-authorized generative AI platform serving defense and intelligence users, and the purchase of CargoSeer assets for cargo inspection and trade risk management. BigBear.ai discloses heavy reliance on public-sector contracts, significant customer concentration, long and unpredictable sales cycles, and extensive risk factors tied to government budgets, regulation, competition, and AI-related issues.
BigBear.ai Holdings reported weaker 2025 revenue but a much stronger balance sheet and set growth targets for 2026. Fourth-quarter 2025 revenue fell to $27.3 million from $43.8 million, and full-year revenue declined to $127.7 million from $158.2 million, mainly from lower Army program volumes. Gross margin for the quarter dropped to 20.3% from 37.4%. The quarterly net loss narrowed sharply to $5.8 million from $138.2 million, helped by a $50.2 million non-cash gain on derivatives and a $21.7 million tax benefit, partially offset by a $53.4 million impairment of long-lived assets.
The company ended 2025 with $462 million in cash and investments and said it has reduced its debt by more than 90%, including settling the remaining $125 million of 2029 convertible notes primarily via debt-to-equity conversions in January 2026. It raised $693 million of proceeds in 2025 through at-the-market equity facilities and warrants. BigBear.ai closed the acquisition of Ask Sage in December 2025 and CargoSeer in January 2026 and expanded into the Middle East. For 2026, it projects revenue between $135 million and $165 million, about 17% growth at the midpoint over 2025.
BigBear.ai Holdings, Inc. Chief Executive Officer and director Kevin McAleenan reported a routine share withholding related to equity compensation. On 01/15/2026, 48,691 shares of common stock were withheld at a price of $6.26 per share to satisfy tax obligations arising from the vesting of restricted stock units.
After this tax withholding, McAleenan beneficially owned 1,165,294 shares of BigBear.ai common stock in direct ownership. The transaction did not involve an open‑market sale, but an administrative share reduction to cover taxes on vested awards.
BigBear.ai Holdings, Inc. disclosed an insider equity transaction by its Chief Financial Officer. On 12/31/2025, the CFO had 6,625 shares of common stock withheld at a price of $5.5 per share. The filing explains that these shares were withheld to satisfy tax withholding obligations related to the vesting of restricted stock units.
After this tax-related withholding, the CFO beneficially owned 480,864 shares of BigBear.ai common stock, held directly.
BigBear.ai Holdings, Inc. insider filing shows routine tax withholding and updated holdings. General Counsel and Secretary Carolyn Blankenship reported a 12/31/2025 transaction in company common stock. The filing shows 5,945 shares of common stock were withheld to satisfy tax obligations upon vesting of restricted stock units at a price of $5.5 per share. After this withholding, she beneficially owns 650,257 shares of BigBear.ai common stock. This total includes 3,222 shares acquired under the BigBear.ai Holdings, Inc. Employee Stock Purchase Plan on December 1, 2025.
BigBear.ai Holdings, Inc. chief executive officer and director Kevin McAleenan reported an automatic share withholding tied to equity compensation. On 12/31/2025, 4,663 shares of common stock were withheld at a price of $5.50 per share to cover tax obligations upon vesting of restricted stock units. After this transaction, he beneficially owned 1,213,985 common shares directly. This filing reflects a tax-related administrative transaction rather than an open-market trade.
BigBear.ai Holdings, Inc. has called for the redemption of all outstanding 6.00% Convertible Senior Secured Notes due 2029. On January 16, 2026, any notes that have been called for redemption and are not converted will be repurchased for cash at their principal amount plus accrued and unpaid interest up to, but excluding, the redemption date.
Holders may instead convert their notes into common stock at any time before 5:00 p.m. (New York City time) on the second scheduled trading day before the redemption date. The current conversion rate is 281.4491 shares of common stock per $1,000 principal amount of notes, and for notes converted from January 2, 2026 through January 15, 2026, the conversion rate increases to 305.5254 shares per $1,000 principal. The filing also includes customary forward-looking statement disclosures outlining risks and uncertainties that could affect actual outcomes.
BigBear.ai Holdings, Inc. reported an equity grant to one of its directors. On December 19, 2025, the reporting person acquired 18,650 shares of common stock at a stated price of $0, bringing their total directly owned shares to 404,760 after the transaction.
The filing explains that these shares relate to restricted stock units (RSUs), each representing the right to receive one share of common stock, conditioned on continued service through specific vesting dates. Of the RSUs granted on December 19, 2025, 4,663 vest on January 31, 2026, 4,662 vest on March 31, 2026, 4,663 vest on June 30, 2026, and 4,662 vest on September 30, 2026.
A holder of BBAI common stock has filed a Rule 144 notice to sell up to 50,000 common shares through broker Charles Schwab Corp., with an aggregate market value of 291000.00. The planned sale is listed for the NYSE with an approximate sale date of 12/16/2025.
The securities to be sold come from an open market purchase of 50025 common shares on 12/15/2023, paid in cash. The filing also notes that 436551228 common shares were outstanding for the issuer; this is a baseline figure, not the amount being sold. By signing, the seller represents they are not aware of any material adverse information about the issuer that has not been publicly disclosed.
BigBear.ai Holdings, Inc. reported an insider equity update for its Chief Financial Officer, Sean Ricker. On 12/07/2025, 1,227 shares of common stock were withheld and disposed of at $6.82 per share to cover tax obligations tied to the vesting of restricted stock units. This was an automatic, non-open-market transaction classified under code “F,” meaning the shares were used to satisfy withholding taxes rather than sold for investment purposes. After this event, the CFO beneficially owns 487,489 shares of BigBear.ai common stock directly.