{"schema_version":"secwatch.filing_event.v1","accession":"0001836981-26-000016","form_type":"8-K","ticker":"BBAI","cik":"0001836981","company_name":"BigBear.ai Holdings, Inc.","filed_at":"2026-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.459419+00:00","generated_at":"2026-05-15T22:45:46.222633+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"BigBear.ai Q4 revenue down 38% to $27.3M; 2026 revenue guidance $135-$165M","bullets":["Q4 2025 revenue $27.3M, down 38% YoY; gross margin 20.3% vs 37.4% in Q4 2024 due to non-recurring high-margin contracts.","Full-year 2025 revenue $128M; FY 2026 guidance $135-$165M (~17% growth at midpoint).","Ended 2025 with $462M cash/investments; settled remaining $125M of 2029 convertible notes in Jan 2026 via debt-to-equity.","Closed acquisitions of Ask Sage (Dec 2025) and CargoSeer (Jan 2026); expanded into Middle East.","Raised $693M from ATM facilities and warrants in 2025; reduced debt by over 90%."],"urls":{"canonical":"https://secwatch.observer/filing/0001836981-26-000016","json":"https://secwatch.observer/filing/0001836981-26-000016.json","markdown":"https://secwatch.observer/filing/0001836981-26-000016.md","text":"https://secwatch.observer/filing/0001836981-26-000016.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1836981/000183698126000016/0001836981-26-000016-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1836981/000183698126000016/bbai-20260302.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T22:45:46.222633+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}