Quarterly ResultJul 30, 2026, 04:28 PM
BigBear.ai Q2 Revenue Up 13.2%; Net Loss Significantly Reduced
AI Summary
BigBear.ai Holdings, Inc. reported a 13.2% increase in Q2 2026 revenue to $36.7 million, alongside a significant reduction in net loss to $25.7 million from $228.6 million in Q2 2025. The company also completed the acquisition of CargoSeer for $5.0 million and saw a substantial decrease in derivative liabilities due to the conversion of 2029 Notes. However, net cash used in operating activities increased to $40.2 million for the six months ended June 30, 2026.
Key Highlights
- Q2 2026 revenue increased 13.2% to $36.7 million.
- Q2 2026 net loss significantly reduced to $25.7 million from $228.6 million.
- Basic net loss per share improved to $0.05 from $0.71 in Q2 2025.
- Acquired CargoSeer for $5.0 million in January 2026.
- Conversion of 2029 Notes led to $233.4 million increase in equity.
- Derivative liabilities decreased to $10.5 million from $116.9 million.
- Total liabilities decreased to $71.0 million from $282.7 million.
- Net cash used in operating activities increased to $40.2 million.
Price Impact
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