Financial Statements — BBAI
Balance Sheet
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 36.28 | 100.70 | 456.58 | 390.85 | 107.61 | 65.58 | 72.27 | 81.41 | 32.18 | 29.92 | 21.83 | 21.96 | 29.83 | 59.98 | -- | -- | -- |
| Accounts Receivable | 30.98 | 22.81 | 24.37 | 28.34 | 34.57 | 32.46 | 33.94 | 36.58 | 29.03 | 36.27 | 32.68 | 31.65 | 28.55 | 26.62 | -- | -- | -- |
| Total Current Assets | 372.88 | 394.02 | 619.76 | 424.28 | 148.23 | 104.18 | 111.77 | 125.04 | 65.77 | 71.58 | 65.71 | 60.01 | 67.72 | 96.14 | 1.33 | 2.02 | 2.99 |
| Property, Plant & Equipment | 1.89 | 1.74 | 1.44 | 1.43 | 1.45 | 1.52 | 1.59 | 1.57 | 1.10 | 1.20 | 1.31 | 1.53 | 1.43 | 1.34 | -- | -- | -- |
| Goodwill | 238.57 | 238.74 | 48.45 | 48.45 | 119.08 | 118.62 | 118.62 | 119.77 | 48.68 | 48.68 | 48.68 | 67.13 | 67.16 | 91.64 | -- | -- | -- |
| Intangible Assets | 130.84 | 137.42 | 112.67 | 115.62 | 117.60 | 119.26 | 118.20 | 120.44 | 82.82 | 81.95 | 83.82 | 87.55 | 89.46 | 81.98 | -- | -- | -- |
| Total Non-current Assets* | 468.43 | 467.65 | 300.00 | 175.09 | 248.03 | 249.90 | 249.11 | 252.59 | 137.24 | 136.64 | 138.86 | 156.90 | 158.78 | 175.69 | 358.93 | 359.01 | 358.80 |
| Total Assets | 841.31 | 861.66 | 919.76 | 599.37 | 396.27 | 354.08 | 360.88 | 377.63 | 203.01 | 208.22 | 204.57 | 216.91 | 226.50 | 271.83 | 360.27 | 361.03 | 361.79 |
| Accounts Payable | 11.22 | 4.23 | 5.58 | 3.44 | 3.94 | 4.25 | 7.13 | 6.22 | 9.08 | 7.30 | 10.51 | 7.43 | 6.35 | 6.63 | 0.03 | 0.03 | 0.05 |
| Short-term Debt | -- | -- | 0.00 | 0.37 | 0.82 | 0.00 | 0.42 | 0.83 | 0.00 | 0.52 | 1.30 | 0.77 | 1.92 | 3.07 | -- | -- | -- |
| Total Current Liabilities | 65.73 | 64.76 | 197.92 | 221.65 | 89.12 | 50.59 | 53.32 | 63.07 | 57.00 | 71.78 | 60.84 | 32.74 | 28.85 | 30.16 | 2.40 | 1.21 | 0.44 |
| Long-term Debt | 16.64 | 16.60 | 104.85 | 103.05 | 101.41 | 195.74 | 195.67 | 195.59 | 193.78 | 193.82 | 194.10 | 192.60 | 193.26 | 193.93 | -- | -- | -- |
| Total Non-current Liabilities* | 5.26 | 6.50 | 111.82 | 111.18 | 109.36 | 205.07 | 204.81 | 206.08 | 198.30 | 198.01 | 197.77 | 192.27 | 191.87 | 191.62 | 12.94 | 12.98 | 12.77 |
| Total Liabilities | 70.99 | 71.26 | 309.74 | 332.82 | 198.47 | 255.65 | 258.13 | 269.15 | 255.30 | 269.79 | 258.60 | 225.01 | 220.72 | 221.77 | 15.34 | 14.18 | 13.20 |
| Retained Earnings | (948.07) | (922.32) | (859.72) | (862.25) | (633.63) | (462.49) | (450.31) | (438.58) | (292.17) | (296.17) | (279.28) | (223.17) | (207.06) | (150.21) | (13.89) | (2.39) | (0.65) |
| Total Stockholder Equity | 770.32 | 790.41 | 610.02 | 266.55 | 197.80 | 98.43 | 102.76 | 108.48 | (52.29) | (61.57) | (54.04) | (8.10) | 5.79 | 50.05 | (13.89) | 5.00 | 5.00 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 36.75 | 34.44 | 27.30 | 33.14 | 32.47 | 34.76 | 43.83 | 41.51 | 39.78 | 33.12 | 40.56 | 33.99 | 38.46 | 42.15 | 40.36 | 40.65 | 37.61 | 36.39 | 33.48 | -- |
| Cost of Revenue | 24.70 | 22.71 | 21.75 | 25.71 | 24.36 | 27.37 | 27.42 | 30.74 | 28.72 | 26.14 | 27.55 | 25.58 | 29.50 | 31.94 | 28.57 | 28.90 | 28.02 | 26.52 | 29.65 | -- |
| Gross Profit | 12.05 | 11.72 | 5.55 | 7.43 | 8.11 | 7.39 | 16.41 | 10.77 | 11.06 | 6.99 | 13.02 | 8.41 | 8.96 | 10.21 | 11.79 | 11.75 | 9.59 | 9.87 | 3.83 | -- |
| Research & Development | 7.56 | 5.53 | 4.82 | 3.38 | 4.39 | -- | -- | -- | 3.57 | 1.14 | 2.03 | (0.35) | 2.23 | 1.13 | 1.20 | 1.79 | 2.54 | 2.87 | 1.88 | -- |
| Selling, General & Admin | 31.85 | 29.23 | 25.66 | 25.26 | 21.49 | 22.73 | 22.24 | 17.49 | 23.36 | 16.95 | 18.23 | 15.53 | 16.93 | 20.36 | 15.57 | 20.23 | 26.95 | 22.02 | 73.95 | 1.96 |
| Total Operating Expenses* | 40.61 | 35.98 | 86.07 | 29.29 | 98.42 | 28.60 | 24.55 | 21.31 | 27.73 | 105.06 | 21.59 | 16.62 | 19.18 | 22.25 | 38.16 | 24.15 | 64.93 | 26.29 | 78.20 | -- |
| Operating Income | (28.56) | (24.25) | (80.53) | (21.86) | (90.30) | (21.21) | (8.14) | (10.54) | (16.67) | (98.07) | (8.57) | (8.21) | (10.22) | (12.03) | (26.37) | (12.39) | (55.33) | (16.43) | (74.37) | (1.96) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3.77 | 3.56 | 3.55 | 3.56 | 2.18 | -- |
| Pretax Income | (25.74) | (56.75) | (27.61) | 2.54 | (228.60) | (61.96) | (146.76) | (12.15) | (11.72) | (125.16) | (21.21) | 3.99 | (16.90) | (26.15) | (30.12) | (15.86) | (58.66) | (18.75) | (118.19) | (1.92) |
| Tax Provision | 0.01 | 0.01 | (21.78) | 0.02 | 0.01 | 0.03 | (0.28) | 0.02 | 0.02 | (0.01) | 0.05 | -0.00 | -0.00 | 0.06 | (0.23) | 0.25 | (1.82) | 0.08 | 1.08 | 0.00 |
| Net Income | (25.75) | (56.76) | (5.83) | 2.52 | (228.62) | (61.99) | (146.49) | (12.18) | (11.74) | (125.15) | (21.26) | 4.00 | (16.89) | (26.21) | (29.89) | (16.11) | (56.84) | (18.82) | (119.27) | (1.92) |
| Basic EPS | (0.05) | (0.12) | 0.13 | 0.01 | (0.71) | (0.25) | (0.50) | (0.05) | (0.05) | (0.67) | (0.12) | 0.03 | (0.12) | (0.19) | (0.23) | (0.13) | (0.45) | (0.14) | (1.07) | -- |
| Diluted EPS | (0.05) | (0.12) | 0.17 | (0.03) | (0.71) | (0.25) | (0.50) | (0.05) | (0.05) | (0.67) | (0.12) | 0.03 | (0.12) | (0.19) | (0.23) | (0.13) | (0.45) | (0.14) | (1.07) | -- |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (22.21) | (18.00) | (21.83) | (9.59) | (3.87) | (6.66) | (14.81) | (1.90) | (7.06) | (14.36) | (0.07) | 6.58 | (12.80) | (12.02) | (10.53) | (6.39) | (24.47) | (7.53) | (17.51) | (0.67) |
| Capital Expenditures | 0.32 | 0.32 | 0.25 | 0.19 | 0.01 | 0.08 | 0.18 | 0.14 | 0.13 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.23 | 0.15 | 0.36 | -- | -- |
| Free Cash Flow* | (22.52) | (18.32) | (22.09) | (9.77) | (3.87) | (6.74) | (14.99) | (2.03) | (7.19) | (14.40) | (0.07) | 6.58 | (12.80) | (12.02) | (10.56) | (6.62) | (24.62) | (7.89) | -- | -- |
| Investing Cash Flow | (43.04) | 32.72 | (343.83) | (260.07) | (1.16) | (1.62) | (3.41) | (4.31) | (1.71) | 12.25 | (1.08) | (2.74) | -0.00 | 0.00 | (0.03) | (0.32) | (4.53) | (0.36) | 357.94 | 0.00 |
| Financing Cash Flow | (3.42) | (0.78) | 1.26 | 335.29 | 288.82 | 65.94 | 2.30 | (0.42) | (0.38) | 50.96 | 1.53 | (1.57) | 20.89 | 21.21 | 1.24 | (1.16) | (1.16) | (102.05) | (181.04) | 0.00 |
* Derived from reported values