Quarterly ResultJul 30, 2026, 04:24 PM
BigBear.ai Q2 Revenue +13% to $36.7M; Gross Margin Expands
AI Summary
BigBear.ai Holdings, Inc. announced its second quarter 2026 financial results, reporting a 13% year-over-year revenue increase to $36.7 million and a significant expansion in gross margin to 32.8%. The company also saw its backlog grow by 9% to $269.6 million and maintained a strong cash position with $409.8 million in cash and investments. While net loss improved substantially to $(25.7) million, Adjusted EBITDA was $(11.6) million. BigBear.ai affirmed its full-year 2026 revenue guidance of $135 million to $165 million, highlighting over 20 new contract wins and positioning for potential M&A.
Key Highlights
- Q2 2026 revenue increased 13% year-over-year to $36.7 million.
- Gross margin expanded by 781 basis points to 32.8% in Q2 2026.
- Backlog grew 9% to $269.6 million between December 31, 2025, and June 30, 2026.
- Total available cash and investments stood at $409.8 million as of June 30, 2026.
- Net loss significantly decreased to $(25.7) million in Q2 2026 from $(228.6) million in Q2 2025.
- Affirmed full-year 2026 revenue guidance of $135 million to $165 million.
- Secured over 20 new contract wins during the quarter.
Price Impact
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