secwatch.observer — SEC 8-K summary
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Issuer:     BigBear.ai Holdings, Inc. (BBAI)
CIK:        0001836981
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001628280-24-045295
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836981/000162828024045295/0001628280-24-045295-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836981/000162828024045295/bbai-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-045295

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer