---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-028205"
form_type: "8-K"
ticker: "BBAI"
cik: "0001836981"
company_name: "BigBear.ai Holdings, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:48:07.855321+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BigBear.ai Q2 revenue $38.5M (+2% YoY); net loss narrows to $16.9M; reaffirms FY guidance

## Summary
- Revenue $38.5M (+2.2% YoY); net loss narrowed to $16.9M from $56.8M in Q2 2022.
- Adjusted EBITDA loss improved to $(3.2)M vs $(7.7)M in Q2 2022.
- Gross margin fell to 23.3% from 25.5% due to Virgin Orbit bankruptcy impact.
- Backlog $206M (+5% QoQ); won $7.7M U.S. Army AIMMS contract.
- Reiterating FY2023 revenue guidance of $155M-$170M.

## SEC filing metadata
- accession: 0001628280-23-028205
- form_type: 8-K
- ticker: BBAI
- cik: 0001836981
- company_name: BigBear.ai Holdings, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836981/000162828023028205/0001628280-23-028205-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836981/000162828023028205/bbai-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-028205
- JSON: https://secwatch.observer/filing/0001628280-23-028205.json
- Plain text: https://secwatch.observer/filing/0001628280-23-028205.txt

## Key facts
- Earnings Releases
  BigBear.ai Holdings, Inc. reported the second quarter of 2023 results: revenue $38.5 million, net income $16.9 million. Guidance reaffirmed.
  - Period: the second quarter of 2023
  - Revenue: $38.5 million
  - Net income: $16.9 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Revenue grew 2.2% to $38.5 million for the second quarter of 2023, compared to $37.6 million for the second quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1836981/000162828023028205/0001628280-23-028205-index.htm

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