---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-039572"
form_type: "8-K"
ticker: "BBAI"
cik: "0001836981"
company_name: "BigBear.ai Holdings, Inc."
filed_at: "2025-08-11T23:59:59+00:00"
generated_at: "2026-05-17T15:41:40.293719+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BigBear.ai Q2 revenue down 18% to $32.5M; cuts 2025 revenue outlook to $125M-$140M

## Summary
- Revenue $32.5M Q2 2025, down 18% YoY from $39.8M; gross margin 25.0% vs 27.8%.
- Full-year 2025 revenue guidance lowered to $125M-$140M; Army program disruptions blamed.
- Record cash balance of $390.8M as of June 30, 2025, enabling growth investments.
- Partnership with UAE companies under IHC umbrella to accelerate AI development globally.
- CEO cites $320B supplemental funding for DHS and DoD from 'One Big Beautiful Bill' as opportunity.

## SEC filing metadata
- accession: 0001628280-25-039572
- form_type: 8-K
- ticker: BBAI
- cik: 0001836981
- company_name: BigBear.ai Holdings, Inc.
- filed_at: 2025-08-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836981/000162828025039572/0001628280-25-039572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836981/000162828025039572/bbai-20250811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-039572
- JSON: https://secwatch.observer/filing/0001628280-25-039572.json
- Plain text: https://secwatch.observer/filing/0001628280-25-039572.txt

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