BigBear.ai Q2 Earnings Miss Estimates, Revenue Down 18%, BBAI Stock Drops 22.99%

Monday, Aug 11, 2025 4:46 pm ET1min read

BigBear.ai Inc. reported Q2 losses of 71 cents per share, missing the analyst estimate of 6 cents. Revenue was $32.47 million, down from $39.78 million YoY and missing the street estimate of $41.17 million. The company lowered its full-year 2025 revenue forecast to between $125 million and $140 million. BBAI stock was down 22.99% after-hours.

BigBear.ai Inc. (BBAI) reported its financial results for the second quarter of 2025, showing a net loss of $228.6 million, a significant increase from the previous year's net loss of $14.4 million. The company missed both revenue and earnings estimates, with revenue of $32.5 million falling short of the analyst's projection of $41.17 million and the year-over-year (YoY) revenue of $39.8 million [1].

The gross margin for the quarter was 25.0%, down from 27.8% in the previous year. The company attributed the increase in net loss primarily to non-cash changes in derivative liabilities and a goodwill impairment charge. Despite these challenges, BigBear.ai has shown resilience in its business operations, signing a transformative partnership with leading companies in the UAE under the IHC umbrella, marking the beginning of its international expansion [1].

Kevin McAleenan, CEO of BigBear.ai, emphasized the company's strong balance sheet and the significant opportunities presented by recent legislation. The company's focus on national and border security aligns well with the new funding opportunities. Sean Ricker, CFO of BigBear.ai, highlighted the record cash balance of $390.8 million as of June 30, 2025, which will support substantial investments in the company's growth [1].

For the full year ending December 31, 2025, BigBear.ai now projects revenue between $125 million and $140 million, a significant reduction from its previous forecast. The company has withdrawn its Adjusted EBITDA guidance for the year due to uncertainties in certain Army programs and anticipated growth investment spending. Updated guidance will be provided at a later date [1].

The stock price of BigBear.ai was down 22.99% after-hours following the release of these results.

References:
[1] https://www.tradingview.com/news/tradingview:e211606b43017:0-bigbear-ai-announces-second-quarter-2025-results/

BigBear.ai Q2 Earnings Miss Estimates, Revenue Down 18%, BBAI Stock Drops 22.99%

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