Companies /Technology
BigBear.ai Inc
NYSE: BBAI Information Technology Services
$2.42
▼ $0.09 (−3.59%) today
Markets closed · 5:59pm ET

BigBear.ai (BBAI) Q2 2026 Earnings

Reported Jul 30, 2026, 4:16pm ET · SEC source
$-0.05
Miss −11.11%
EPS · est. $-0.05
$36.7M
Beat +1.04%
Revenue · est. $36.4M
+7.2%
Beating market
BBAI vs S&P since report
2 quarters
Consecutive EPS misses

How Did BBAI Stock React to Q2 2026 Earnings?

% change · around the report
−3%0+3%+6%Jul 30Jul 31report 4:16pm ETearnings+0.1%−0.7%
−3%0+3%+6%Jul 30Jul 31earnings+0.1%−0.7%
BBAI −0.7%S&P 500 +0.1%
−3%0+3%+6%Jul 30Jul 31report 4:16pm ETearnings−0.3%−0.7%
−3%0+3%+6%Jul 30Jul 31earnings−0.3%−0.7%
BBAI −0.7%NASDAQ −0.3%
−8%0+8%+16%Jul 29Aug 7report 4:16pm ETearnings+4.2%+18.2%
−8%0+8%+16%Jul 29Aug 7earnings+4.2%+18.2%
BBAI +18.2%S&P 500 +4.2%
−8%0+8%+16%Jul 29Aug 7report 4:16pm ETearnings+5.4%+18.2%
−8%0+8%+16%Jul 29Aug 7earnings+5.4%+18.2%
BBAI +18.2%NASDAQ +5.4%
+9.27%
Day of report
−1.41%
Next session
+6.36%
One week
+10.60%
30 days

S&P 500 over the same 30 days: +3.42%.

Did BBAI Beat Earnings? Q2 2026 Results

No. BigBear.ai reported Q2 2026 earnings of $-0.05 a share on Jul 30, 2026, missing the $-0.05 consensus estimate by 11.1%. Revenue was $36.7M against a $36.4M estimate.

BigBear.ai Holdings delivered a mixed second quarter for fiscal 2026, posting revenue of $36.75 million, a 13.2% year-over-year gain that edged past the $36.37 million consensus estimate by 1.04%, while its loss per share of $0.05 came in slightly wider than the $0.04 analysts had expected, a miss of 11.11%. The revenue growth story was largely written by the Ask Sage acquisition, whose higher-margin generative AI platform also lifted gross margin by 781 basis points to 32.8%, though the deal simultaneously drove SG&A expenses $10.40 million higher year-over-year as amortization, legal costs, and expanded sales spend weighed on operating results. Adjusted EBITDA deteriorated to negative $11.57 million from negative $8.50 million, underscoring how acquisition integration costs are tempering near-term profitability even as the company secured more than 20 new contracts and grew its backlog 9% to $269.60 million. Management affirmed full-year 2026 revenue guidance of $135 million to $165 million, with the second half centered on execution discipline and positioning for strategic acquisitions aimed at accelerating growth into 2027.

Key Takeaways
  • Revenue from Ask Sage's GenAI Platforms and Products drove 13% year-over-year revenue growth
  • Gross margin expanded 781 basis points to 32.8% due to higher-margin Ask Sage product mix
  • More than 20 new contract wins during the quarter
  • Backlog increased 9% to $269.6 million between December 31, 2025 and June 30, 2026
  • Net loss improvement driven by absence of prior-year goodwill impairment ($70.6M) and reduced derivative fair value losses ($135.3M)

“It has been another strong quarter. Double-digit growth, significant margin expansion and more than 20 new contracts show that the BigBear.ai leadership team is following through on our commitments. We are in a strong financial position with $410 million of cash and investments, we're on track for our target of 17% revenue growth, and we intend to accelerate. The second half of 2026 is all about execution discipline and positioning ourselves for accretive, catalytic M&A and building momentum for even stronger topline growth in 2027.”

BigBear.ai CEO, on the earnings call

What Is BigBear.ai's Outlook?

BigBear.ai affirmed its full-year 2026 revenue guidance of $135 million to $165 million, targeting 17% revenue growth. Management stated the second half of 2026 will focus on execution discipline and positioning for accretive, catalytic M&A to build momentum for stronger topline growth in 2027. The company highlighted the rapid expansion of investment and innovation in defense technology as a favorable macro backdrop.

BBAI YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$-80,000,000$-40,000,000$0$40.0M$32.5M$36.7MRevenue$8.1M$12.1MGross Profit$-72,740,703$-28,558,000Operating Income$-13,642,577$-25,749,000Net Income
$-80,000,000$-40,000,000$0$40.0MRevenueGross ProfitOperating IncomeNet Income
BBAI income statement, Q2 2026 versus Q2 2025
Metric Q2 2026 Q2 2025 Year over year
Revenue $36.7M $32.5M +13.2%
Gross Profit $12.1M $8.1M +48.5%
Operating Income −$28.6M −$72.7M −60.7%
Net Income −$25.7M −$13.6M +88.7%

When Does BigBear.ai Report Next?

Expected report date

Figures from SEC filings and company reports. Not investment advice.