Highest-materiality recent filing
BigBear.ai shareholders approve doubling authorized shares to 1 billion
Amendment increases authorized common shares from 500M to 1B, effective June 9, 2026.
BigBear.ai Q1 revenue $34.4M; gross margin expands to 34%; backlog $281.9M; affirms FY26 guidance
Revenue $34.4M; gross margin 34.0% vs 21.3% YoY (1,278 bps expansion).
BigBear.ai Q4 revenue down 38% to $27.3M; 2026 revenue guidance $135-$165M
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.
BigBear.ai calls redemption of 2029 convertible notes; expects to eliminate ~$125M debt
Redemption date Jan. 16, 2026; all outstanding 6.00% Notes due 2029 called for redemption or conversion.
BigBear.ai acquires Ask Sage for $250M; reaffirms FY2025 revenue guidance $125M-$140M
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.
BigBear.ai Q2 revenue down 18% to $32.5M; cuts 2025 revenue outlook to $125M-$140M
Revenue $32.5M Q2 2025, down 18% YoY from $39.8M; gross margin 25.0% vs 27.8%.
BigBear.ai CFO Julie Peffer departs; Sean Ricker named interim CFO
Julie Peffer notified departure June 6, 2025; not related to any accounting or disagreement.
BigBear.ai files new $150M ATM prospectus supplement; prior $150M exhausted
As of May 30, 2025, Company had sold ~$150M aggregate gross proceeds under prior ATM program with Cantor Fitzgerald.
BigBear.ai Q1 revenue $34.8M, net loss $62.0M; affirms 2025 outlook
Revenue $34.8M (+5% YoY); net loss $62.0M improved from $127.8M loss in Q1 2024.
BigBear.ai restates 2022-2024 financials; prior statements no longer reliable
Board concludes 2022-2023 audited and 2023-2024 interim financials should not be relied upon due to accounting for convertible notes.
BigBear.ai Q4 revenue $43.8M (+8% YoY); 2025 outlook $160-180M; net debt cut to $27M
Q4 2024 revenue $43.8M, up 8% YoY from $40.6M; gross margin 37.4% vs 32.1%.
BigBear.ai: Kevin McAleenan appointed CEO, Mandy Long steps down
Kevin McAleenan becomes CEO Jan 15, 2025; Mandy Long steps down as CEO, transitions to advisor.
BigBear.ai exchanges $182.3M of 2026 convertible notes for new secured notes due 2029
Exchanged ~$182.3M of 6% Convertible Senior Notes due 2026 for same principal of 6% Convertible Senior Secured Notes due 2029 plus $0.4M accrued interest.
Exchanged $182.3M of 6% convertible notes due 2026 for new 6% senior secured notes due 2029; $0.4M cash for accrued interest.
BigBear.ai Q3 revenue up 22% to $41.5M, net loss $12.2M, awards $165M Army contract
Revenue $41.5M (up 22.1% YoY); net loss $12.2M vs net income $4.0M in Q3 2023.
BigBear.ai Q2 revenue up 3.4% to $39.8M; FY2024 guidance cut to $165-$180M
Revenue $39.8M (+3.4% YoY); gross margin improved to 27.8% from 23.3%.
Revenue $33.1M, down 21.4% YoY from $42.2M; driven by wind-down of Air Force EPASS program ($6.8M) and Virgin Orbit bankruptcy.
BigBear.ai files Pangiam FY2023 financials; revenue $40.6M, net loss $26.7M
Pangiam revenue $40.6M in 2023, up 18% from $34.5M in 2022.
BigBear.ai closes Pangiam acquisition, reports Q4 net loss improvement and positive adjusted EBITDA
Net loss of $21.3M in Q4 2023, an improvement from $29.9M in Q4 2022.
BigBear.ai raises ~$33.2M via warrant exercise; issues new 9M-share warrant at $4.75
Exercised outstanding warrant for 13,888,889 shares at $2.39 per share, gross proceeds ~$33.2M.
BigBear.ai closes $70M acquisition of Pangiam, issues 61.8M shares; names McAleenan President
Acquisition of Pangiam completed; consideration 61.8M shares of BBAI common stock, representing ~$70M purchase price (subject to working capital adjustments).
BigBear.ai receives $20.6M via warrant exercise; issues new 5.8M-share warrant at $3.78
Investor Armistice Capital exercised 8,886,255 warrants at $2.32/share, gross proceeds ~$20.6M.
BigBear.ai shareholders approve stock issuance for Pangiam merger
Approved issuance of shares for Pangiam acquisition: 109.6M for (99.5%), 416K against, 91K abstained.
BigBear.ai issues supplemental proxy disclosures to address merger-related shareholder litigation
Two shareholder complaints filed Feb 8 and Feb 12, 2024 allege proxy statement for Pangiam merger is misleading.
BigBear.ai to acquire Pangiam in all-stock deal; reports first positive net income and EBITDA in Q3
Definitive merger agreement to acquire Pangiam in all-stock transaction, combining facial recognition and biometrics with computer vision.
BigBear.ai to acquire Pangiam for $70M in stock; combines Vision AI portfolios
Purchase price $70M payable solely in BigBear.ai common stock, at $1.3439 per share (20-day VWAP).
BigBear.ai Q2 revenue $38.5M (+2% YoY); net loss narrows to $16.9M; reaffirms FY guidance
Revenue $38.5M (+2.2% YoY); net loss narrowed to $16.9M from $56.8M in Q2 2022.
BigBear.ai announces $25M registered direct offering of shares and warrants
Offering of 11.8M shares plus warrants for up to 8.9M shares at combined price of $2.11/unit.
BigBear.ai Q1 revenue $42.2M (+15.8% YoY); net loss $26.2M; appoints COO
Q1 revenue $42.2M (+15.8% YoY); net loss $26.2M incl. $10.6M non-cash warrant expense.
BigBear.ai terminates President of Commercial Sector Jeffry Dyer; no replacement planned
Jeffry Dyer terminated as President, Commercial Sector on March 23, 2023.
BigBear.ai reports Q4 2022 revenue up 21% YoY; full year revenue $155M; net loss $121.7M
Full year 2022 revenue $155.0M (+6% YoY); Q4 revenue grew 21% YoY.
On June 6, 2025, Julie Peffer, Chief Financial Officer, notified BigBear.ai Holdings, Inc. (“BigBear” or the “Company”) of her intention to pursue other opportunities outside of the Company.
On June 6, 2025, Sean R. Ricker was appointed acting Chief Financial Officer on an interim basis until the Company appoints a permanent replacement.
On January 15, 2025, BigBear.ai Holdings, Inc. (the “ Company ”) announced that it has appointed Kevin McAleenan as Chief Executive Officer and member of the Board of Directors.
Amanda Long will step down as Chief Executive Officer and from the Board of Directors, transitioning to serve as a Company advisor.
Mr. McAleenan will serve on the Board as a Class II Director for a term expiring at the Company’s annual meeting of stockholders in 2026
Mr. Carl Napoletano was appointed as Chief Operating Officer of BigBear.ai Holdings, Inc. (the "Company") on October 1, 2024.
Effective as of March 27, 2024, Dr. Avi Katz stepped down from the position of Director and member of the Compensation Committee
On February 22, 2024, BigBear.ai Holdings, Inc. (the “ Company ”) announced that Norm Laudermilch plans to step down from the position of Chief Operating Officer, effective as of February 21, 2024.
Effective as of May 16, 2023 (the “ Separation Date ”), Raanan I. Horowitz resigned from his position as Director of BigBear.ai Holdings, Inc. (the “ Company ”).
On May 9, 2023, BigBear.ai Holdings, Inc. (the “Company”) announced Norm Laudermilch as the new Chief Operating Officer of the Company, effective May 8, 2023.
On March 23, 2023, BigBear.ai Holdings, Inc. (the “ Company ”) terminated the employment of Jeffry Dyer, the Company's President, Commercial Sector.
On December 30, 2022, BigBear.ai Holdings, Inc. (the “Company”) terminated the employment of Joshua Kinley, the Company's Chief Development Officer
Max materiality 0.90 · Median 0.65 · Most common event other_material