{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-020018","form_type":"8-K","ticker":"BBAI","cik":"0001836981","company_name":"BigBear.ai Holdings, Inc.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.604345+00:00","generated_at":"2026-06-03T00:52:17.701255+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"BigBear.ai Q1 revenue down 21% to $33.1M; net loss $125.1M includes $85M goodwill impairment; reaffirms FY guidance","bullets":["Revenue $33.1M, down 21.4% YoY from $42.2M; driven by wind-down of Air Force EPASS program ($6.8M) and Virgin Orbit bankruptcy.","Net loss $125.1M vs $26.2M a year ago; includes $85M non-cash goodwill impairment from Pangiam acquisition and $52.9M loss on warrant fair value change.","Adjusted EBITDA improved to ($1.6M) from ($3.8M) in Q1 2023; breakeven revenue lowered to $38.7M.","Closed all-stock acquisition of Pangiam on Feb 29; cash balance $81.4M; reaffirms FY 2024 revenue guidance of $195M-$215M.","Notable contract wins: U.S. Army $8.3M extension, MWAA veriScan at 127 gates, Denver Airport, Tradewinds 'Awardable' status."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-020018","json":"https://secwatch.observer/filing/0001628280-24-020018.json","markdown":"https://secwatch.observer/filing/0001628280-24-020018.md","text":"https://secwatch.observer/filing/0001628280-24-020018.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1836981/000162828024020018/0001628280-24-020018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1836981/000162828024020018/bbai-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:52:17.701255+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":"7f2e357fa7ac16a82cd83d03a9ce817fceccd250","claim":"BigBear.ai Holdings, Inc. reported the first quarter of 2024 results: revenue $33.1 million, net income $125.1 million. Guidance reaffirmed.","evidence_excerpt":"autonomy at the edge, contested logistics, modeling & simulation, and digital identity for our customers,” she continued. Financial Highlights • Revenue decreased 21.4% to $33.1 million for the first quarter of 2024, compared to $42.2 million for the first quarter of 2023. The year-over-year decrease was primarily driven by the planned wind-down of the Air Force","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1836981/000162828024020018/0001628280-24-020018-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2024"},{"label":"Revenue","value":"$33.1 million"},{"label":"Net income","value":"$125.1 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"}