Bigbear.ai Reports Second-Quarter 2025 Results After The Close on August 11, With Wall Street Looking for Revenue Around $ 40.6 Million, Up Roughly 2% –3% Year Over Year, and a Per-Share Loss of $ 0.06, Slightly Wider Than Last Last Year’s $ 0.05 LOSS.
The Company Affirmed Full -Year 2025 Revenue Guidance of $ 160 Million– $ 180 Million after Q1, impliesing Mid -Single -Digit Growth versus 2024, But Below Prior Street Expectations, Keeping Execution and Contract Timing in Sharp Focus.
Investors Will Pare. Whether Expanding Federal Work Begins to Translate into Stronger Topline Conversion, Given to Reported Backlog of About $ 385 Million at Q1-End and Recent Awards tied to Defense and Homeland Security Use Cases, Including Decision-Sport and Airport Security Deployments.
Management Flagged Government Funding Delays That Pressured Q1 adjusted ebitda and sg & a slight; ANY SIGNS OF IMPROVED USATION, OPERATING DISCIPLINE, OR FASTER BACKLOG BURN COULD BE INCREMAL POSITIVES FOR MARGIN TRAGEECTORY IN 2H25.
BALANCE SHEET RESILIENCE REMAINS A WATCH itEM AFTER BIGBEAR.AI ENDED Q1 WITH $ 107.6 MILLION IN CASH AND Reduled Convertible Debt Through Voluntary Convertions and Warrant Exercises; SUBSTAED LIQUIDITY ALONGSIDE NARROWING LOSESES WOUD SUPPORT THE MULTIYEAR INVESTMENT CASE ESCITE ONGOING DILUTION CONCERNS. Options Markets imply an elevated Post -Print Move Near 18% in Eithher Direction, Underscoring The Binary Setup Around Guidance Reiteration and Visibility Into Larger Program.
Key Swing Factors into the print: Cadence of Federal Contract Execution, Progress Commercializing Platforms Like drivers, Mix Shift Toward Higher -Margin Analytics, and Any Update To The Fy25 Outlook Or Backlog Growth Pace.
With the stock up Sharply Year to date and consensus still modeling modest 2025 Revenue Growth and a Smaller Full -Year Loss, The Bar Centers on Delivery Against Near -Term Milestones While Demonstrating A Clearer Path Toward Operating Light.
