BigBear.ai Holdings, Inc.

BigBear.ai Holdings, Inc. has entered into an Open Market Sale Agreement with Jefferies LLC to sell up to 100,000,000 shares of its common stock. The sales will be made through an "at the market offering" under the company's existing Form S-3 registration statement. Jefferies LLC will act as the sales agent and receive a commission of up to 3.0% of the gross proceeds from any shares sold.

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.

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.

BigBear.ai Holdings, Inc. shareholders approved an amendment to increase the number of authorized shares of common stock from 500,000,000 to 1,000,000,000 at its 2026 Annual Meeting. This amendment became effective upon filing on June 9, 2026. Additionally, shareholders elected two directors, approved a one-year frequency for advisory votes on executive compensation, and ratified Grant Thornton LLP as the independent auditor for the year ending December 31, 2026.

BigBear.ai Holdings, Inc. reported a reduced net loss of $56.8 million, or $(0.12) per share, for the first quarter of 2026, an improvement from the $62.0 million net loss, or $(0.25) per share, in the prior year. While revenues saw a slight decrease to $34.4 million, the company achieved a significant increase in gross margin to $11.7 million. The quarter also saw strategic activity with the acquisition of CargoSeer for $5.0 million and a substantial reduction in total liabilities, primarily due to the conversion of $124.6 million of 2029 Convertible Notes into equity.

BigBear.ai Holdings, Inc. announced its first quarter 2026 financial results, reporting $34.4 million in revenue, a slight decrease of 1% year-over-year, but a significant expansion in gross margin to 34.0%. The company's backlog increased by 14% to $281.9 million, driven by new national security contracts, and it successfully settled the remaining $124.6 million of its 2029 Convertible Notes. Despite an increased Adjusted EBITDA loss, BigBear.ai affirmed its full-year 2026 revenue guidance of $135 million to $165 million and reported $431.5 million in total available cash and investments.

BigBear.ai Holdings, Inc. will hold its Annual Meeting on June 9, 2026, virtually. Shareholders will vote on several proposals, including the re-election of two Class II directors, advisory votes on executive compensation and its frequency, and the ratification of Grant Thornton LLP as the independent auditor. A key proposal is to amend the company's charter to increase the number of authorized common stock shares, which the Board unanimously recommends.