{"schema_version":"secwatch.filing_event.v1","accession":"0001836981-26-000047","form_type":"8-K","ticker":"BBAI","cik":"0001836981","company_name":"BigBear.ai Holdings, Inc.","filed_at":"2026-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.074197+00:00","generated_at":"2026-05-14T23:33:16.713649+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"BigBear.ai Q1 revenue $34.4M; gross margin expands to 34%; backlog $281.9M; affirms FY26 guidance","bullets":["Revenue $34.4M; gross margin 34.0% vs 21.3% YoY (1,278 bps expansion).","Backlog rose 14% QoQ to $281.9M, driven by $53M sole-source classified award.","Settled remaining $124.6M of 2029 convertible notes; interest expense down $4.8M vs Q1 25.","Cash and investments $431.5M; FY2026 revenue guidance reaffirmed at $135M-$165M.","Launched retail shareholder voting program; CEO cites internal realignment for growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001836981-26-000047","json":"https://secwatch.observer/filing/0001836981-26-000047.json","markdown":"https://secwatch.observer/filing/0001836981-26-000047.md","text":"https://secwatch.observer/filing/0001836981-26-000047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1836981/000183698126000047/0001836981-26-000047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1836981/000183698126000047/bbai-20260505.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T23:33:16.713649+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":[{"claim_id":"4c1d8e970a781c96a006874551fe40644d2e9b27","claim":"BigBear.ai Holdings, Inc. reported the quarter ended March 31, 2026 results: revenue $34.4 million. Guidance reaffirmed.","evidence_excerpt":"1Q 26 revenue of $34.4 million; gross margins expanded 1,278 basis points from 21.3% to 34.0% year-over-year • Backlog increased 14% from the fourth quarter to $281.9 million, primarily driven by a sole-source prime classified award in the first quarter for $53 million. • Settled the remaining $124.6 million of 2029 Convertible notes, primarily through the Company’s exercise of debt-to-equity conversion features in January 2026; interest expense reduced by $4.8 million in 1Q 26 vs. 1Q 25 • Total available cash and investments of $431.5 million as of March 31, 2026 • Launched a retail shareholder voting program to broaden participation in the Company's annual meeting and ensure retail shareholders have a simple, accessible way to make their voices heard • Affirming full-year 2026 revenue guidance of $135 million - $165 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1836981/000183698126000047/0001836981-26-000047-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2026"},{"label":"Revenue","value":"$34.4 million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}