---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-078258"
form_type: "8-K"
ticker: "BBAI"
cik: "0001836981"
company_name: "BigBear.ai Holdings, Inc."
filed_at: "2024-03-27T23:59:59+00:00"
generated_at: "2026-06-04T07:21:36.689199+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-078258
- form_type: 8-K
- ticker: BBAI
- cik: 0001836981
- company_name: BigBear.ai Holdings, Inc.
- filed_at: 2024-03-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836981/000119312524078258/0001193125-24-078258-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836981/000119312524078258/d818074d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-078258
- JSON: https://secwatch.observer/filing/0001193125-24-078258.json
- Plain text: https://secwatch.observer/filing/0001193125-24-078258.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.