Bigbear.ai Lowered its Full-Year 2025 Revenue Guidance to $ 125 million– $ 140 million, citing disruptions on us Army Program, While Emphasizing A Fortified Balance Sheet and a Pipeline Alled with Un Princed Federal Ai Spending.
Management withdrew adjusted Ebitda Guidance to Preserve Flexibility for Investment as Congress Advances Large-Scale Funding for Homeland and Defense Technologies.
Ceo Kevin Mcaleenan Poeded To “Landmark Developments “ Including the One Big Beautiful Bill (OB3), Which Directs $ 170 Billion to Dhs and $ 150 Billion to Dod for Disruptive Defense Tech, Framing it as a Direct Tailwind for the Company’s Mission Ai Footprint.
I HighLight Biometric Deployments Across More than 2,000 devices at over 500 gates and 25 Airports, Alongside International Expansion in the UAE and Panama. “We have the cash to invest, The Conviction to Advance,”He Said, Underscoring to Strategy to Go On offense Lone Near-Term Contract Timing Volatility.
Q2 2025 Results reflect the Army Program Impact: Revenue Fell to $ 32.5 million, Gross Margin Contracted to 25% from 27.8%, and adjusted Ebitda was negative $ 8.5 million versus negative $ 3.7 million a year ago. The Company reported Net Loss of $ 228.6 Million, Driven Largely By at $ 136 Million Non-Cash Derivative Remeasurement Related To Convertible Notes and at $ 71 Million Goodwill Unpaid. SG & A DECINED TO $ 21.5 MILLION FROM $ 23.4 MILLION AS COST CONTROLS CONTINUED.
Liquidity Is now a Defining Theme. Interim cfo Sean Ricker Reported $ 391 million in cash and a net positive cash position of nearly $ 250 million, Marking the crupso time cash exceeds total debt.
Bigbear.ai Raised Approximately $ 293 Million Via At-The-Market Offerings, Issuing Roughly 75 Million Shares At An an an average price of $ 3.90, providing dryer for organic Growth, targeted m & a, and bid competitiveness as federal oven times.
Management Reapffirmed Confidenze in Its Midterm Outlook, Prioritizing Ppeline Expansion, Contract Rewardes, and Disciplined Capital Deployment to Capture Anticipated Government ai Demand, While AckNowledging ongoing Timing Risks in Federal Awards.
