BBAI
$2.17+2.36%
BigBear.ai Inc.Stock · TechnologyRussell 2000 · 0.06% of IWMUS Stock Market · 0.002% of VTIRussell 3000 · 0.002% of IWV
BBAI financial statements
The full income statement, balance sheet, and cash-flow statement for BigBear.ai Inc. (BBAI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 250.1M2024-09 250.6M2024-12 289.0M2025-03 291.2M2025-06 370.7M2025-09 436.6M2025-12 476.1M2026-03 478.9M2026-06 479.5M+91.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 128M-19.3% | 158M+2.0% | 155M+0.1% | 155M+6.5% | 146M | |
| 28.5M-37.0% | 45.2M+11.4% | 40.6M-5.6% | 43.0M+26.2% | 34.1M | ||
| Cost of revenue | 99.2M-12.2% | 113M-1.4% | 115M+2.3% | 112M+0.5% | 112M | |
| Research & development | 16.8M+54.2% | 10.9M+115.7% | 5.04M-40.0% | 8.39M+39.1% | 6.03M | |
| Selling, general & administrative | 95.1M+18.9% | 80.0M+12.6% | 71.1M-16.2% | 84.8M-20.4% | 107M | |
| Restructuring | 4.37M+239.5% | 1.29M+56.6% | 822K-80.4% | 4.20M | 0.00 | |
| Amortization of intangibles | 14.7M+30.2% | 11.3M+51.6% | 7.47M+2.9% | 7.26M+6.0% | 6.85M | |
| Provision for credit losses | 351K+53.9% | 228K-86.9% | 1.74M+3061.8% | 55.0K | 0.00 | |
| Operating income | -214M-60.3% | -133M-241.8% | -39.0M+64.7% | -111M-40.8% | -78.5M | |
| Interest expense | 18.1M-29.4% | 25.6M+3.1% | 24.9M+72.3% | 14.4M+86.0% | 7.76M | |
| Pre-tax income | -316M-6.7% | -296M-317.3% | -70.9M+37.4% | -113M+7.5% | -122M | |
| Income tax | -21.7M-8385.2% | -256K-15.3% | -222K+88.2% | -1.88M-273.8% | 1.08M | |
| Net income | -294M+0.6% | -296M-318.3% | -70.7M+36.6% | -111M+9.9% | -124M | |
| -$0.82+35.4% | -$1.27-170.2% | -$0.47+46.0% | -$0.87+24.3% | -$1.15 | ||
| EPS (basic) | -$0.82+35.4% | -$1.27-170.2% | -$0.47+46.0% | -$0.87+24.3% | -$1.15 | |
| Weighted-avg shares (basic) | 359M+53.6% | 234M+56.5% | 149M+16.9% | 128M+19.3% | 107M | |
| Weighted-avg shares (diluted) | 359M+53.6% | 234M+56.5% | 149M+16.9% | 128M+19.3% | 107M | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 331M+252.6% | 93.8M+47.0% | 63.8M+17.4% | 54.3M-73.6% | 206M+500.3% | ||
| Cash & equivalents | 87.1M+73.8% | 50.1M+54.0% | 32.6M+157.7% | 12.6M-81.7% | 68.9M+610.0% | |
| Accounts receivable | 22.7M-41.7% | 39.0M+77.5% | 21.9M-27.1% | 30.1M+5.2% | 28.6M+33.5% | |
| Prepaid expenses | 14.5M+285.2% | 3.77M-15.3% | 4.45M-56.8% | 10.3M+46.6% | 7.03M+996.4% | |
| Other current assets | — | 295K | — | — | — | |
| 895M+160.2% | 344M+72.0% | 200M+2.4% | 195M-49.0% | 383M+75.5% | ||
| Property, plant & equipment | 1.56M-0.3% | 1.57M+57.1% | 997K-30.4% | 1.43M+32.9% | 1.08M+24.9% | |
| Operating lease right-of-use | 7.06M-23.8% | 9.26M+129.2% | 4.04M-12.9% | 4.64M | 0.00 | |
| Goodwill | 241M+102.5% | 119M+144.6% | 48.7M+0.0% | 48.7M-46.9% | 91.6M+0.4% | |
| Intangible assets | 139M+17.1% | 119M+45.2% | 82.0M-4.3% | 85.7M+2.4% | 83.6M-7.6% | |
| Deferred tax assets | — | — | 0.00-100.0% | 51.0K | 0.00-100.0% | |
| Other non-current assets | 860K-13.1% | 990K+166.1% | 372K-23.0% | 483K-38.1% | 780K+31.5% | |
| 186M-8.6% | 203M+193.7% | 69.1M+93.3% | 35.8M-48.9% | 70.0M+480.8% | ||
| Accounts payable | 6.09M-28.0% | 8.46M-23.4% | 11.0M-28.4% | 15.4M+181.7% | 5.47M+100.5% | |
| Accrued liabilities | 19.6M+0.8% | 19.5M+20.1% | 16.2M+21.4% | 13.4M+24.5% | 10.7M+47.7% | |
| Deferred revenue | 14.8M+480.7% | 2.54M+189.1% | 879K-56.5% | 2.02M-51.9% | 4.21M+677.6% | |
| Short-term & current debt | 16.6M+1924.4% | 818K-33.4% | 1.23M-40.3% | 2.06M-51.4% | 4.23M+284.8% | |
| Current lease liability | 1.09M+2.5% | 1.07M+37.1% | 779K-3.3% | 806K | 0.00 | |
| Other current liabilities | 10.5M+14237.0% | 73.0K-87.9% | 602K-71.1% | 2.08M+285.4% | 541K+31.0% | |
| 283M-18.7% | 347M+51.1% | 230M-1.4% | 233M-10.6% | 261M+121.2% | ||
| Long-term debt | 90.5M-33.2% | 135M-13.3% | 156M-18.8% | 192M+1.0% | 190M+79.8% | |
| Non-current lease liability | 6.67M-26.8% | 9.12M+111.5% | 4.31M-15.3% | 5.09M | 0.00 | |
| Operating lease liability (total) | 7.77M-23.8% | 10.2M+100.1% | 5.09M-13.7% | 5.90M | — | |
| Deferred tax liabilities | — | 0.00-100.0% | 328K | 0.00-100.0% | 248K | |
| Other non-current liabilities | — | — | 0.00-100.0% | 10.0K-96.9% | 324K+1605.3% | |
| 612M+16574.7% | -3.71M+87.6% | -30.0M-407.5% | 9.76M-93.9% | 160M+59.1% | ||
| Common stock | 46.0K+76.9% | 26.0K+52.9% | 17.0K+21.4% | 14.0K+0.0% | 14.0K+27.3% | |
| Additional paid-in capital | 1.53B+145.5% | 625M+106.0% | 303M+11.3% | 273M+7.4% | 254M+134.5% | |
| Retained earnings | -866M-51.4% | -572M-107.0% | -276M-9.1% | -253M-92.6% | -131M-1576.3% | |
| Treasury stock | 57.4M+0.0% | 57.4M+0.0% | 57.4M+0.0% | 57.4M | 0.00 | |
| Accumulated other comprehensive income | -63.0K-152.1% | 121K | 0.00 | — | — | |
| Total liabilities & equity | 895M+160.2% | 344M+72.0% | 200M+2.4% | 195M-49.0% | 383M+75.5% | |
| Common shares issued | 437M+73.7% | 252M+59.9% | 157M+23.8% | 127M-6.3% | 136M+1414.4% | |
| Common shares outstanding | 437M+73.7% | 252M+59.9% | 157M+23.8% | 127M-6.3% | 136M+1414.4% | |
| Shares outstanding (cover) | 476M+64.7% | 289M+19.1% | 243M+71.5% | 141M+4.4% | 136M+195.0% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -42.0M-10.1% | -38.1M-108.2% | -18.3M+62.6% | -48.9M-147.3% | -19.8M | ||
| Depreciation & amortization | 15.3M+28.7% | 11.9M+50.3% | 7.90M+1.8% | 7.76M+6.8% | 7.26M | |
| Intangible amortization | 14.7M+30.2% | 11.3M+51.6% | 7.47M+2.9% | 7.26M+6.0% | 6.85M | |
| Share-based compensation | 23.3M+10.4% | 21.1M+13.2% | 18.7M+71.8% | 10.9M-82.1% | 60.6M | |
| Deferred income taxes | -21.7M-6503.7% | -328K-39.6% | -235K+87.8% | -1.92M-284.6% | 1.04M | |
| Change in receivables | -17.2M-246.7% | 11.8M+283.6% | -6.40M-902.4% | 798K-88.9% | 7.18M | |
| Change in payables | -5.70M-41.5% | -4.03M+8.1% | -4.38M-144.1% | 9.94M+262.3% | 2.74M | |
| -607M-21605.9% | 2.82M+173.7% | -3.83M+26.8% | -5.23M-506.5% | -863K | ||
| Capital expenditure | 525K+8.5% | 484K+24100.0% | 2.00K-99.7% | 769K+19.2% | 645K | |
| Free cash flow | -42.5M-10.0% | -38.6M-110.8% | -18.3M+63.2% | -49.7M-143.2% | -20.4M | |
| Acquisitions | 229M+1743.5% | -13.9M | 0.00-100.0% | 4.46M+1893.3% | 224K | |
| Proceeds from sale of PP&E | — | — | — | 0.00-100.0% | 6.00K | |
| 691M+1217.8% | 52.5M+24.7% | 42.1M+140.8% | -103M-157.0% | 181M | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 637M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00-100.0% | 101M | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | -174K-141.0% | 424K | 0.00 | 0.00 | — | |
| Net change in cash | 42.5M+141.7% | 17.6M-11.7% | 19.9M+112.7% | -157M-198.2% | 160M | |
| Interest paid | 8.94M-28.8% | 12.6M+3.0% | 12.2M-1.8% | 12.4M+98.8% | 6.24M | |
| Income taxes paid | 0.00+100.0% | -1.51M-4920.0% | -30.0K-433.3% | 9.00K-86.8% | 68.0K | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 2.57B+99.9% | 1.29B+283.2% | 336M+294.3% | 85.1M-88.9% | 767M | |
| P/S | 20.1×+147.7% | 8.1×+275.3% | 2.2×+276.9% | 0.6×-89.1% | 5.3× | |
| P/B | 4.2× | — | — | — | 4.8× | |
| Source filing | 10-K | 10-K | 10-K | 10-K/A | 10-K |
About this data
Source: BBAI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BBAI filings on SEC EDGAR → Not investment advice.