secwatch.observer — SEC 8-K summary
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Issuer:     BigBear.ai Holdings, Inc. (BBAI)
CIK:        0001836981
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001836981-26-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BigBear.ai Q1 revenue $34.4M; gross margin expands to 34%; backlog $281.9M; affirms FY26 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1836981/000183698126000047/0001836981-26-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1836981/000183698126000047/bbai-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001836981-26-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer