earnings
confidence high
sentiment positive
materiality 0.75
BigBear.ai Q2 revenue $36.7M (+13% YoY), gross margin expands to 32.8%, backlog up 9% to $269.6M
BigBear.ai Holdings, Inc.
- Revenue $36.7M, +13% YoY, driven by Ask Sage GenAI platforms.
- Gross margin 32.8% vs 25.0% YoY, +781 bps.
- Backlog $269.6M, +9% since Dec 2025; 20+ new contract wins.
- Cash and investments $409.8M; affirmed FY2026 revenue guidance $135M-$165M.
- SG&A increased $10.4M to $31.8M due to Ask Sage amortization, legal/proxy, sales/marketing.