---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-029247"
form_type: "8-K"
ticker: "BBAI"
cik: "0001836981"
company_name: "BigBear.ai Holdings, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:55:17.796080+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BigBear.ai reports Q3 revenue $40.7M, net loss widens to $16.1M; reaffirms FY outlook

## Summary
- Revenue of $40.7M, up 1% YoY from $40.2M; Analytics revenue up 8% driven by $14.8M U.S. Army GFIM contract award.
- Net loss of $16.1M vs $3.1M loss in Q3 2021, driven by higher public company expenses and integration costs.
- Non-GAAP adjusted EBITDA of $(3.9)M; gross margin improved to 29% from 27%.
- Ending backlog of $288M; cash balance of $22M.
- On track for $20M annualized cost savings; reaffirms 2022 financial outlook.

## SEC filing metadata
- accession: 0001628280-22-029247
- form_type: 8-K
- ticker: BBAI
- cik: 0001836981
- company_name: BigBear.ai Holdings, Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836981/000162828022029247/0001628280-22-029247-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836981/000162828022029247/bbai-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-029247
- JSON: https://secwatch.observer/filing/0001628280-22-029247.json
- Plain text: https://secwatch.observer/filing/0001628280-22-029247.txt

## Key facts
- Earnings Releases
  BigBear.ai Holdings, Inc. reported three and nine months ended September 30, 2022 results: revenue $40.7 million, net income $(16.1) million. Guidance reaffirmed.
  - Period: three and nine months ended September 30, 2022
  - Revenue: $40.7 million
  - Net income: $(16.1) million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Company ”), a leader in AI-powered analytics and cyber engineering solutions, today announced financial results for the third quarter of 2022. Financial Highlights • Revenue of $40.7 million, compared to $40.2 million for the third quarter of 2021 • Analytics revenue increased $1.7 million, or 8%, as compared to the same period in 2021, primarily driven by the award
  evidence_url: https://www.sec.gov/Archives/edgar/data/1836981/000162828022029247/0001628280-22-029247-index.htm

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