---
schema_version: "secwatch.filing_event.v1"
accession: "0001836981-25-000025"
form_type: "8-K"
ticker: "BBAI"
cik: "0001836981"
company_name: "BigBear.ai Holdings, Inc."
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:35:19.965487+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "medium"
source: SEC EDGAR
---

# BigBear.ai acquires Ask Sage for $250M; reaffirms FY2025 revenue guidance $125M-$140M

## Summary
- Definitive agreement to acquire Ask Sage, a GenAI platform for defense/national security, for $250M total: $140M cash plus $110M cash or stock at BigBear.ai's option.
- Ask Sage expected to generate ~$25M ARR in 2025, up ~6x from 2024; currently supports 100K+ users across 16K government teams.
- Record cash balance of $456.6M as of Sept 30, 2025, up sequentially; balance sheet strengthened to support growth.
- Full-year 2025 revenue guidance reaffirmed at $125M-$140M; Q3 2025 detailed earnings not provided in the excerpt.

## SEC filing metadata
- accession: 0001836981-25-000025
- form_type: 8-K
- ticker: BBAI
- cik: 0001836981
- company_name: BigBear.ai Holdings, Inc.
- filed_at: 2025-11-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: medium
- sec_items: 1.01, 2.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1836981/000183698125000025/0001836981-25-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1836981/000183698125000025/bbai-20251110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001836981-25-000025
- JSON: https://secwatch.observer/filing/0001836981-25-000025.json
- Plain text: https://secwatch.observer/filing/0001836981-25-000025.txt

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