secwatch.observer — SEC 8-K summary
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Issuer:     BigBear.ai Holdings, Inc. (BBAI)
CIK:        0001836981
Form:       8-K
Filed at:   2024-03-27T23:59:59+00:00
Accession:  0001193125-24-078258
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836981/000119312524078258/0001193125-24-078258-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836981/000119312524078258/d818074d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-078258

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer