earnings
confidence high
sentiment neutral
materiality 0.65
BigBear.ai Q1 revenue $34.8M, net loss $62.0M; affirms 2025 outlook
BigBear.ai Holdings, Inc.
2025-Q1 EPS reported
-$0.25
revenue$34,757,000
- Revenue $34.8M (+5% YoY); net loss $62.0M improved from $127.8M loss in Q1 2024.
- Non-GAAP adjusted EBITDA -$7.0M vs -$1.6M in Q1 2024.
- Reduced long-term debt by $58M via voluntary conversions of 2029 Notes.
- Raised $64.7M from warrant exercises; cash balance $107.6M as of Mar 31, 2025.
- Affirms 2025 outlook; CEO cites early signs of strategic focus resonating.