BigBear.ai files Pangiam FY2023 financials; revenue $40.6M, net loss $26.7M

BigBear.ai Holdings, Inc.

Pangiam revenue $40.6M in 2023, up 18% from $34.5M in 2022.
Net loss $26.7M in 2023, improved from $53.0M loss in 2022 which included $33.0M goodwill impairment.
Operating loss $20.1M vs $50.1M; R&D expense rose to $9.8M from $5.7M.
Total liabilities $105.2M exceed total assets $76.5M; members' deficit $(28.7M).
Merger closed Feb 29, 2024; Pangiam's debt repaid via $109.4M equity infusion from majority investor.

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