Recent Updates — BBAI
BigBear.ai reported third-quarter revenue of $43.6 million, a 31% increase year over year, driven by its Generative AI Platform. The company raised its full-year 2026 revenue guidance range to $150 million–$165 million from the previous midpoint. Gross margin expanded 878 basis points to 31.2%, while net loss widened to $91.9 million due to a $76.7 million non-cash goodwill impairment charge. Backlog grew 22% since the second quarter to $330 million, supported by over 25 new contract wins worth more than $225 million in total value. BigBear.ai is a specialized security and defense technology company providing mission-ready AI solutions.
BigBear.ai Holdings, Inc. announced its financial results for the quarter ended September 30, 2026. The company reported total revenues of $18.5 million, a decrease from prior period figures, alongside a net loss attributable to common shareholders of $4.2 million. A conference call was scheduled for October 27, 2026, at 4:30 p.m. ET to discuss these results. BigBear.ai operates in the artificial intelligence and analytics industry, providing data-driven solutions for government and commercial clients.
On September 15, 2026, Kirk Konert resigned from the Board of Directors of BigBear.ai Holdings, Inc., effective immediately. The company confirmed that Mr. Konert's departure was not due to any disagreement regarding operations, policies, or practices. BigBear.ai operates in the artificial intelligence and analytics industry.
At its 2026 Annual Meeting on June 9, 2026, BigBear.ai Holdings, Inc. shareholders approved an amendment to the company's Second Amended and Restated Certificate of Incorporation to increase authorized common stock from 500,000,000 to 1,000,000,000 shares. The meeting also resulted in the election of Kevin McAleenan and Pamela Braden as Class II directors for three-year terms expiring in 2029. Shareholders approved a one-year frequency for future non-binding advisory votes on executive compensation and ratified Grant Thornton LLP as the independent registered public accounting firm for the 2026 fiscal year. BigBear.ai Holdings, Inc. provides artificial intelligence and decision intelligence solutions.