BigBear.ai Holdings, Inc.
BBAINYSETechnology · Services-Prepackaged Software · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $127.7M | $158.2M | $155.2M | $155.0M | $145.6M | $59.8M |
| Operating income | −$213.9M | −$133.4M | −$39.0M | −$110.5M | −$78.5M | $5.3M |
| Net income | −$293.9M | −$295.5M | −$70.7M | −$111.4M | −$123.6M | $5.3M |
| Total assets | $894.5M | $343.8M | $204.6M | $195.3M | $383.3M | $218.4M |
| Total liabilities | $282.7M | $347.5M | $215.9M | $233.2M | $261.0M | $118.0M |
| Equity | $611.9M | −$3.7M | −$30.0M | $9.8M | $159.7M | $100.4M |
| EPS (diluted) | $-0.82 | $-1.27 | $-0.47 | $-0.87 | $-1.15 | $-0.07 |
| Shares out. | 289.0M | 242.6M | 141.5M | 127.0M | 135.6M | 9.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −167.5%
- Net margin
- −230.2%
- Return on equity
- −48.0%
- Return on assets
- −32.9%
- Return on capital (ROCE)
- −30.2%
- Liabilities / assets
- 31.6%
- Debt / equity
- 0.46×
- Book value / share
- $2.12
- Revenue growth (YoY)
- −19.3%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -1.42distress
- Accruals / assets
- −28.2%clean
- Beneish M-Score
- -3.99normal
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- Negative operating cash flow
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 18, 2025
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Vanguard Group IncPassive (13G)Mar 26, 2026
- Blackrock, Inc.Passive (13G)Jul 17, 2025
- Aeroequity Gp, LlcActivist (13D)Apr 10, 2025
- Pangiam Ultimate Holdings, LlcActivist (13D)Mar 11, 2025
- Bbai Ultimate Holdings, LlcActivist (13D)Dec 30, 2024
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 124.9M | 3.0 | -11.3% |
| Apr 30, 2026 | 140.9M | 3.6 | +17.6% |
| Apr 15, 2026 | 119.8M | 5.0 | -3.8% |
| Mar 31, 2026 | 124.6M | 4.1 | -3.6% |
| Mar 13, 2026 | 129.2M | 2.9 | -3.4% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 5, 2026
- Shareholder voteApr 22, 2026
- Results of operationsMar 2, 2026
- Regulation FD disclosure · Other material eventJan 2, 2026
- Amended charter or bylaws · Shareholder voteDec 1, 2025
- Entered a material agreement · Results of operations · Unregistered equity saleNov 10, 2025
- Director / officer changeOct 14, 2025
- Director / officer changeAug 15, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (4)
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