---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-009650"
form_type: "8-K"
ticker: "BBAI"
cik: "0001836981"
company_name: "BigBear.ai Holdings, Inc."
filed_at: "2024-03-07T23:59:59+00:00"
generated_at: "2026-06-05T01:52:59.022408+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# BigBear.ai closes Pangiam acquisition, reports Q4 net loss improvement and positive adjusted EBITDA

## Summary
- Net loss of $21.3M in Q4 2023, an improvement from $29.9M in Q4 2022.
- Second consecutive quarter of positive adjusted EBITDA at $3.7M; 2H 2023 cash flow positive.
- Announced close of all-stock Pangiam acquisition; Kevin McAleenan named President.
- Received approximately $54M in cash from warrants exercised in Q1 2024.
- FY 2024 revenue guidance of $195M-$215M.

## SEC filing metadata
- accession: 0001628280-24-009650
- form_type: 8-K
- ticker: BBAI
- cik: 0001836981
- company_name: BigBear.ai Holdings, Inc.
- filed_at: 2024-03-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836981/000162828024009650/0001628280-24-009650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836981/000162828024009650/bbai-20240307.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-009650
- JSON: https://secwatch.observer/filing/0001628280-24-009650.json
- Plain text: https://secwatch.observer/filing/0001628280-24-009650.txt

## Key facts
- Earnings Releases
  BigBear.ai Holdings, Inc. reported the fourth quarter and full year ended December 31, 2023 results: net income Net loss of $21.3 million. Guidance initiated.
  - Period: the fourth quarter and full year ended December 31, 2023
  - Net income: Net loss of $21.3 million
  - Guidance: initiated
  - Result: reported results
  source text: On March 7, 2024, BigBear.ai Holdings, Inc. (the “Company”) announced its financial results of operations for the quarter and the year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1836981/000162828024009650/0001628280-24-009650-index.htm

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