BigBear.ai Shares Slide After Worse-Than-Expected Q1 Report

Benzinga
02 May

BigBear.ai, Inc. (NYSE:BBAI) released its first-quarter results after Thursday's closing bell. Here's a look at the details from the quarter. 

The Details: BigBear.ai reported quarterly losses of 25 cents per share, which missed the analyst consensus estimate of losses of six cents. Quarterly revenue came in at $34.76 million, which missed the analyst consensus estimate of $36.26 million.  

Net loss in the first quarter of 2025 was $62 million, compared to a net loss of $127.8 million for the first quarter of 2024. Gross margin was 21.3% in the first quarter of 2025, compared to 21.1% in the prior year’s quarter.

“As we enter the second quarter, we are seeing early and encouraging signs that our strategic focus is resonating, particularly in sectors where we’ve built deep relationships, have a clear understanding of the mission, and are deploying proven technologies,” said Kevin McAleenan, CEO of BigBear.ai.

“We remain focused on capitalizing on this dynamic market and driving disciplined, sustained execution,” he added.

Outlook: BigBear.ai affirmed its fiscal 2025 revenue outlook of $160 million to $180 million, versus the $170.11 million estimate.

BBAI Price Action: BigBear.ai stock was down 11.7% after-hours at $3.05 on Thursday.  

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