BigBear.ai Slumps 0.7% as $820M Volume Pushes Stock to 111th in Market Activity Amid Q2 Earnings Disappointment

On August 11, 2025, BigBear.ai Holdings (BBAI) closed with a 0.70% decline, trading on $0.82 billion in volume—a 33.3% increase from the previous day. The stock ranked 111th in trading activity across the market, reflecting heightened investor scrutiny amid recent developments.

Second-quarter financial results triggered significant concerns. Revenue dropped 18% year-over-year to $32.5 million, missing analyst estimates of $40.59 million, while adjusted losses widened to $0.71 per share, far below the projected $0.06. The company attributed the underperformance to reduced activity in U.S. Army contracts and elevated R&D costs. Adjusted EBITDA turned negative at $8.5 million, signaling margin compression.

BigBear revised its 2025 outlook, cutting revenue guidance to $125–140 million from $160–180 million, citing delays in federal contracts linked to government data system upgrades. The firm also withdrew its full-year adjusted EBITDA forecast due to uncertainties in military programs and new growth initiatives. However, CEO Kevin McAleenan highlighted long-term opportunities, including a $320 billion legislative allocation for defense and homeland security, along with a strategic AI partnership in the UAE to expand global operations.

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