{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-037362","form_type":"8-K","ticker":"BBAI","cik":"0001836981","company_name":"BigBear.ai Holdings, Inc.","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.907736+00:00","generated_at":"2026-06-08T17:16:48.110473+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"BigBear.ai to acquire Pangiam in all-stock deal; reports first positive net income and EBITDA in Q3","bullets":["Definitive merger agreement to acquire Pangiam in all-stock transaction, combining facial recognition and biometrics with computer vision.","Q3 revenue $34.0M (-16.4% YoY) due to planned wind-down of Air Force programs and Virgin Orbit bankruptcy.","First quarter of positive net income, positive adjusted EBITDA, and positive cash flows from operations since December 2021 debut.","FY 2023 guidance reaffirmed: revenue $155-$170M and single-digit negative adjusted EBITDA.","SG&A reduced 23% YoY to $15.5M; gross margin 24.7% vs 28.9% a year ago."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-037362","json":"https://secwatch.observer/filing/0001628280-23-037362.json","markdown":"https://secwatch.observer/filing/0001628280-23-037362.md","text":"https://secwatch.observer/filing/0001628280-23-037362.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1836981/000162828023037362/0001628280-23-037362-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1836981/000162828023037362/bbai-20231107.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T17:16:48.110473+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"27eba0cefc6f3f9791510d155105d993cdd81edb","claim":"BigBear.ai Holdings, Inc. reported third quarter of 2023 results: revenue $34.0 million. Guidance reaffirmed.","evidence_excerpt":"a breakout leader in one of the fastest growing categories for the application of AI. We believe BigBear.ai’s future is bright.” Financial Highlights • Revenue declined 16.4% to $34.0 million for the third quarter of 2023, compared to $40.7 million for the third quarter of 2022. The decrease was primarily due to the planned wind-down of certain Air Force programs in","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1836981/000162828023037362/0001628280-23-037362-index.htm","confidence":0.4,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter of 2023"},{"label":"Revenue","value":"$34.0 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}