BigBear.ai Q3 revenue up 22% to $41.5M, net loss $12.2M, awards $165M Army contract

BigBear.ai Holdings, Inc.

2024-Q3 EPS reported -$0.65 revenue$114,409,000

Revenue $41.5M (up 22.1% YoY); net loss $12.2M vs net income $4.0M in Q3 2023.
Non-GAAP adjusted EBITDA positive $0.9M; cash $65.6M; full-year revenue guidance $165-180M affirmed.
Gross margin improved to 25.9% from 24.7%; SG&A reduced 25% QoQ.
Awarded 5-year $165M sole-source prime contract with U.S. Army for GFIM-OE production.
Appointed Carl Napoletano as COO; ConductorOS recognized as Tier 1 tech by DoD.

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