BigBear.ai Revenue Rises 31% and 2026 Guidance Increases

Oct 28, 2026
BigBear.ai reported third quarter revenue of $43.6 million, a 31% increase from a year earlier, and raised its 2026 revenue guidance.

BigBear.ai reported third quarter 2026 revenue of $43.6 million, up 31% from a year earlier, and raised its full year revenue guidance to between $150 million and $165 million, according to a company press release. The company recorded its third consecutive quarter of organic growth.

Gross margin increased to 31.2% from 22.4% a year earlier. Adjusted EBITDA improved by $300,000 to a loss of $9.1 million, while the net loss reached $91.9 million, mainly due to a $76.7 million noncash goodwill impairment charge.

BigBear.ai secured more than 25 contracts since the second quarter, representing over $225 million in contract value. Customers included the FBI, the US Coast Guard and the Department of Energy. Backlog grew 22% from the second quarter to $330 million.

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