PerpEquities

Equity · Technology

BigBear.ai Holdings, Inc. (BBAI) perpetual futures

BigBear.ai provides AI/ML decision support via Cyber & Engineering and Analytics segments.

-3.8%NYSE closed
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Perpetual market activity

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24h volume
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Settlement mix
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Perp/spot vol.
-
OI / float
-
Spot performance
1D-3.77%
5D-9.80%
1M-19.86%
6M-30.72%
YTD-57.41%
1Y-73.89%

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Company data

Company fundamentals

Updated 1h ago
Market cap
$1.1B
Updated 1h ago
Revenue
$131.6M
Trailing 12 months
Revenue growth
+14%
Next fiscal year
Profit margin
-65.2%
P/E
-13.5
Peer P/E -3.9
Free cash flow
-$73.8M
Trailing 12 months
More metrics
Net income
-$85.8M
Trailing 12 months
P/S
8.4
Peer P/E
-3.9
Similar listed perps
Revenue estimate
$145.8M
Next fiscal year
Earnings
2026-10-27
Revenue est. $38.8M · Updated 1h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$127.7M
Net margin-230.2%
Free cash flow-$46.3M
Net debt-$62.8M
2020$91.3M
2021$145.6M
2022$155M
2023$155.2M
2024$158.2M
2025$127.7M
PeriodRevenueGrowthNet incomeFCF
2020$91.3M+24%-$2.5M$922K
2021$145.6M+59%-$123.6M-$20.4M
2022$155M+6%-$111.4M-$49.7M
2023$155.2M0%-$70.7M-$22.1M
2024$158.2M+2%-$295.5M-$49.2M
2025$127.7M-19%-$293.9M-$46.3M
PeriodGross marginOperating marginNet marginROEROA
2020+23.7%-5.0%-2.8%-2.5%-1.2%
2021+23.4%-53.9%-84.9%-101.0%-32.2%
2022+27.7%-71.3%-71.8%+294.1%-57.0%
2023+26.2%-25.2%-45.5%+104.9%-35.3%
2024+28.6%-84.3%-186.8%+7,957.6%-86.0%
2025+22.3%-65.3%-230.2%-48.0%-32.9%
PeriodCashDebtNet debtCurrent ratio
2020$9.7M$107M$97.3M2.85
2021$68.9M$194.6M$125.7M2.94
2022$12.6M$200.3M$187.6M1.52
2023$32.6M$200.6M$168M0.93
2024$50.1M$146.4M$96.3M0.46
2025$87.1M$24.3M-$62.8M1.78
PeriodMarket capEnterprise valueP/SP/E
2020$1B$1.1B11.3-404.9
2021$605.7M$731.4M4.2-4.9
2022$86.1M$273.7M0.6-0.7
2023$319.4M$487.4M2.1-5.4
2024$1B$1.1B6.6-3.5
2025$1.9B$1.9B15.2-6.6
Q3 2024$41.5M
Q4 2024$43.8M
Q1 2025$34.8M
Q2 2025$32.5M
Q3 2025$33.1M
Q4 2025$27.3M
Q1 2026$34.4M
Q2 2026$36.7M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$41.5M+22%-$12.2M-$6.2M
Q4 2024$43.8M+8%-$146.5M-$18.2M
Q1 2025$34.8M+5%-$62M-$8.3M
Q2 2025$32.5M-18%-$228.6M-$5M
Q3 2025$33.1M-20%$2.5M-$10.9M
Q4 2025$27.3M-38%-$5.8M-$22.1M
Q1 2026$34.4M-1%-$56.8M-$18.3M
Q2 2026$36.7M+13%-$25.7M-$22.5M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+25.9%-25.4%-29.3%-12.4%-3.4%
Q4 2024+37.4%-18.6%-334.2%+3,944.2%-42.6%
Q1 2025+21.3%-56.1%-178.3%-31.3%-15.6%
Q2 2025+25.0%-54.7%-704.0%-85.8%-38.1%
Q3 2025+22.4%-64.0%+7.6%+0.4%+0.3%
Q4 2025+20.3%-88.9%-21.4%-1.0%-0.7%
Q1 2026+34.0%-66.9%-164.8%-7.2%-6.6%
Q2 2026+32.8%-74.4%-70.1%-3.3%-3.1%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$65.6M$206.1M$140.6M2.06
Q4 2024$50.1M$146.4M$96.3M0.46
Q1 2025$107.6M$111.3M$3.7M1.66
Q2 2025$390.8M$112.6M-$278.2M1.91
Q3 2025$456.6M$112.9M-$343.7M3.13
Q4 2025$87.1M$24.3M-$62.8M1.78
Q1 2026$100.7M$24.1M-$76.6M6.08
Q2 2026$36.3M$22.8M-$13.5M5.67
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$364.9M$505.5M8.8-7.5
Q4 2024$1.1B$1.2B25.4-1.9
Q1 2025$716.6M$720.3M20.6-2.9
Q2 2025$2.2B$1.9B67.0-2.4
Q3 2025$2.6B$2.2B78.0163.0
Q4 2025$2.4B$2.3B86.4-135.0
Q1 2026$1.7B$1.6B48.4-7.3
Q2 2026$1.8B$1.7B47.8-18.3

Refreshed 1h ago

Charts: revenue, profit, cash flow & valuation
Revenue$36.7MQ2 2026
$11M$21.9M$32.9M$43.8MQ3 2023: $34MQ4 2023: $40.6MQ1 2024: $33.1MQ2 2024: $39.8MQ3 2024: $41.5MQ4 2024: $43.8MQ1 2025: $34.8MQ2 2025: $32.5MQ3 2025: $33.1MQ4 2025: $27.3MQ1 2026: $34.4MQ2 2026: $36.7MQ3 2023Q2 2026
Net income-$25.7MQ2 2026
-$170.5M-$112.3M-$54.2M$4MQ3 2023: $4MQ4 2023: -$31.5MQ1 2024: -$125.1MQ2 2024: -$14.4MQ3 2024: -$12.2MQ4 2024: -$146.5MQ1 2025: -$62MQ2 2025: -$228.6MQ3 2025: $2.5MQ4 2025: -$5.8MQ1 2026: -$56.8MQ2 2026: -$25.7MQ3 2023Q2 2026
EBITDA-$18.6MQ2 2026
-$162.7M-$104.7M-$46.7M$11.3MQ3 2023: $9.5MQ4 2023: -$2.5MQ1 2024: -$119.2MQ2 2024: -$5.1MQ3 2024: -$5.2MQ4 2024: -$2.2MQ1 2025: -$53.4MQ2 2025: -$220.7MQ3 2025: $11.3MQ4 2025: $2.3MQ1 2026: -$49.4MQ2 2026: -$18.6MQ3 2023Q2 2026
Free cash flow-$22.5MQ2 2026
-$15.9M-$9.3M-$2.8M$3.8MQ3 2023: $3.8MQ4 2023: -$1.2MQ1 2024: -$16MQ2 2024: -$8.8MQ3 2024: -$6.2MQ4 2024: -$18.2MQ1 2025: -$8.3MQ2 2025: -$5MQ3 2025: -$10.9MQ4 2025: -$22.1MQ1 2026: -$18.3MQ2 2026: -$22.5MQ3 2023Q2 2026
EPS-$0.05Q2 2026
-$0.53-$0.34-$0.16$0.03Q3 2023: $0.03Q4 2023: -$0.2Q1 2024: -$0.67Q2 2024: -$0.05Q3 2024: -$0.05Q4 2024: -$0.59Q1 2025: -$0.25Q2 2025: -$0.71Q3 2025: -$0.03Q4 2025: -$0.01Q1 2026: -$0.12Q2 2026: -$0.05Q3 2023Q2 2026
Cash / Debt$36.3MQ2 2026
$114.1M$228.3M$342.4M$456.6MQ3 2023 · Cash: $32.2MQ3 2023 · Debt: $199.1MQ4 2023 · Cash: $32.6MQ4 2023 · Debt: $200.6MQ1 2024 · Cash: $81.4MQ1 2024 · Debt: $207.7MQ2 2024 · Cash: $72.3MQ2 2024 · Debt: $206.3MQ3 2024 · Cash: $65.6MQ3 2024 · Debt: $206.1MQ4 2024 · Cash: $50.1MQ4 2024 · Debt: $146.4MQ1 2025 · Cash: $107.6MQ1 2025 · Debt: $111.3MQ2 2025 · Cash: $390.8MQ2 2025 · Debt: $112.6MQ3 2025 · Cash: $456.6MQ3 2025 · Debt: $112.9MQ4 2025 · Cash: $87.1MQ4 2025 · Debt: $24.3MQ1 2026 · Cash: $100.7MQ1 2026 · Debt: $24.1MQ2 2026 · Cash: $36.3MQ2 2026 · Debt: $22.8MQ3 2023Q2 2026
CashDebt
Profitability+32.8%Q2 2026
-518.7%-333.3%-147.9%+37.4%Q3 2023 · Gross margin: +24.7%Q4 2023 · Gross margin: +32.1%Q1 2024 · Gross margin: +21.1%Q2 2024 · Gross margin: +27.8%Q3 2024 · Gross margin: +25.9%Q4 2024 · Gross margin: +37.4%Q1 2025 · Gross margin: +21.3%Q2 2025 · Gross margin: +25.0%Q3 2025 · Gross margin: +22.4%Q4 2025 · Gross margin: +20.3%Q1 2026 · Gross margin: +34.0%Q2 2026 · Gross margin: +32.8%Q3 2023 · Operating margin: -24.2%Q4 2023 · Operating margin: -21.1%Q1 2024 · Operating margin: -33.5%Q2 2024 · Operating margin: -41.9%Q3 2024 · Operating margin: -25.4%Q4 2024 · Operating margin: -18.6%Q1 2025 · Operating margin: -56.1%Q2 2025 · Operating margin: -54.7%Q3 2025 · Operating margin: -64.0%Q4 2025 · Operating margin: -88.9%Q1 2026 · Operating margin: -66.9%Q2 2026 · Operating margin: -74.4%Q3 2023 · Net margin: +11.8%Q4 2023 · Net margin: -77.8%Q1 2024 · Net margin: -377.8%Q2 2024 · Net margin: -36.3%Q3 2024 · Net margin: -29.3%Q4 2024 · Net margin: -334.2%Q1 2025 · Net margin: -178.3%Q2 2025 · Net margin: -704.0%Q3 2025 · Net margin: +7.6%Q4 2025 · Net margin: -21.4%Q1 2026 · Net margin: -164.8%Q2 2026 · Net margin: -70.1%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+13.2%Q2 2026
-22.8%-7.8%+7.2%+22.1%Q2 2024: +3.4%Q3 2024: +22.1%Q4 2024: +8.0%Q1 2025: +4.9%Q2 2025: -18.4%Q3 2025: -20.1%Q4 2025: -37.7%Q1 2026: -0.9%Q2 2026: +13.2%Q3 2023Q2 2026
Shares outstanding479.1MQ2 2026
119.8M239.6M359.3M479.1MQ3 2023: 157.9MQ4 2023: 156.8MQ1 2024: 187.3MQ2 2024: 246.3MQ3 2024: 250MQ4 2024: 250.6MQ1 2025: 250.6MQ2 2025: 320.6MQ3 2025: 448.2MQ4 2025: 436.7MQ1 2026: 473.1MQ2 2026: 479.1MQ3 2023Q2 2026
Valuation-18.3Q2 2026
-60.514.088.5163.0Q3 2023 · P/E: 14.7Q4 2023 · P/E: -2.7Q1 2024 · P/E: -0.7Q2 2024 · P/E: -7.3Q3 2024 · P/E: -7.5Q4 2024 · P/E: -1.9Q1 2025 · P/E: -2.9Q2 2025 · P/E: -2.4Q3 2025 · P/E: 163.0Q4 2025 · P/E: -135.0Q1 2026 · P/E: -7.3Q2 2026 · P/E: -18.3Q3 2023 · P/S: 6.9Q4 2023 · P/S: 8.3Q1 2024 · P/S: 11.1Q2 2024 · P/S: 9.0Q3 2024 · P/S: 8.8Q4 2024 · P/S: 25.4Q1 2025 · P/S: 20.6Q2 2025 · P/S: 67.0Q3 2025 · P/S: 78.0Q4 2025 · P/S: 86.4Q1 2026 · P/S: 48.4Q2 2026 · P/S: 47.8Q3 2023Q2 2026
P/EP/S
Revenue$127.7M2025
$39.6M$79.1M$118.7M$158.2M2018: $49.4M2019: $73.6M2020: $91.3M2021: $145.6M2022: $155M2023: $155.2M2024: $158.2M2025: $127.7M20182025
Net income-$293.9M2025
-$220.1M-$144.7M-$69.2M$6.2M2018: $3.9M2019: $6.2M2020: -$2.5M2021: -$123.6M2022: -$111.4M2023: -$70.7M2024: -$295.5M2025: -$293.9M20182025
EBITDA-$260.5M2025
-$193.7M-$126.9M-$60.2M$6.6M2018: $4M2019: $6.4M2020: $6.6M2021: -$107.4M2022: -$48.2M2023: -$22.3M2024: -$258.3M2025: -$260.5M20182025
Free cash flow-$46.3M2025
-$36.2M-$22.8M-$9.3M$4.1M2018: $1.8M2019: $4.1M2020: $922K2021: -$20.4M2022: -$49.7M2023: -$22.1M2024: -$49.2M2025: -$46.3M20182025
EPS-$0.822025
-$0.94-$0.61-$0.27$0.062018: $0.042019: $0.062020: $02021: -$1.152022: -$0.952023: -$0.42024: -$1.272025: -$0.8220182025
Cash / Debt$87.1M2025
$50.1M$100.3M$150.4M$200.6M2019 · Cash: $1.6M2019 · Debt: $02020 · Cash: $9.7M2020 · Debt: $107M2021 · Cash: $68.9M2021 · Debt: $194.6M2022 · Cash: $12.6M2022 · Debt: $200.3M2023 · Cash: $32.6M2023 · Debt: $200.6M2024 · Cash: $50.1M2024 · Debt: $146.4M2025 · Cash: $87.1M2025 · Debt: $24.3M20182025
CashDebt
Profitability+22.3%2025
-165.5%-100.8%-36.1%+28.6%2018 · Gross margin: +23.7%2019 · Gross margin: +23.8%2020 · Gross margin: +23.7%2021 · Gross margin: +23.4%2022 · Gross margin: +27.7%2023 · Gross margin: +26.2%2024 · Gross margin: +28.6%2025 · Gross margin: +22.3%2018 · Operating margin: +7.9%2019 · Operating margin: +8.7%2020 · Operating margin: -5.0%2021 · Operating margin: -53.9%2022 · Operating margin: -71.3%2023 · Operating margin: -25.2%2024 · Operating margin: -84.3%2025 · Operating margin: -65.3%2018 · Net margin: +7.8%2019 · Net margin: +8.5%2020 · Net margin: -2.8%2021 · Net margin: -84.9%2022 · Net margin: -71.8%2023 · Net margin: -45.5%2024 · Net margin: -186.8%2025 · Net margin: -230.2%20182025
Gross marginOperating marginNet margin
Revenue growth-19.3%2025
+0.4%+20.1%+39.7%+59.4%2019: +48.9%2020: +24.0%2021: +59.4%2022: +6.5%2023: +0.1%2024: +2.0%2025: -19.3%20182025
Shares outstanding358.8M2025
89.7M179.4M269.1M358.8M2018: 105M2019: 105M2020: 105M2021: 107M2022: 127.7M2023: 149.2M2024: 233.6M2025: 358.8M20182025
Valuation-6.62025
-236.9-68.999.1267.12018 · P/E: 267.12019 · P/E: 165.22020 · P/E: -404.92021 · P/E: -4.92022 · P/E: -0.72023 · P/E: -5.42024 · P/E: -3.52025 · P/E: -6.62018 · P/S: 20.92019 · P/S: 14.02020 · P/S: 11.32021 · P/S: 4.22022 · P/S: 0.62023 · P/S: 2.12024 · P/S: 6.62025 · P/S: 15.220182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-10-27
Revenue est. $38.8M · Updated 1h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.26$145.8M+14%2
FY 2027-0.17$164M+28%2
Q3 2026-0.05$38.8M+17%1
Q4 2026-0.04$35.9M+31%1
Q4 2026-0.04$34.5M+27%1
Q1 2027-0.04$37.9M+10%1

Company events

6
2026-10-27EarningsActual - / Estimate -0.05-
2026-08-10EarningsActual -0.05 / Estimate -0.04Miss
2026-07-30EarningsActual -0.05 / Estimate -0.05Miss
2026-05-05EarningsActual -0.08 / Estimate -0.08In line
2026-03-02EarningsActual -0.04 / Estimate -0.05Beat
2025-11-10EarningsActual 0.01 / Estimate -0.06Beat

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 18, 2026, 12:05 AM UTC

Company profile

Sector
Technology
Industry
Information Technology Services
Chief executive
Kevin McAleenan
Employees
579
IPO date
Apr 5, 2021
Country
US
Exchange
New York Stock Exchange
Website
Altman Z-scorei9.94
Piotroski scorei4/9
FMP ratingiC
Owner earningsi-$22.37M-$0.05 per share
ESG risk ratingiBIndustry rank: 85 out of 100

Rating factors

Return on equityi
1
Return on assetsi
1
Debt to equityi
4
Price to earningsi
1
Price to booki
3
Market cap history
$1.34B-27.1%Jun 26 – Sep 26
$1.33B$1.58B$1.84BHigh: $1.84B · 2026-06-17Low: $1.33B · 2026-07-20Latest: $1.34B · 2026-09-17Jun 26Jul 26Aug 26Sep 26
Latest: $1.34B · 2026-09-17High: $1.84B · 2026-06-17Low: $1.33B · 2026-07-20
Largest fund holders
FundWeightShares held
VTI0%15.2M
IWM0.05%13M
XSU.TO0.05%13M
NJM0.06%10.2M
DFNG.L0.3%7.8M
VGT0.01%7.3M
FSSNX0.06%7.1M
VXF0.02%5.6M
SHLD0.2%5M
INTL.L0.83%4.2M
INTL LN1.04%4.2M
IWN0.07%3.5M

Analyst track record

How the analysts covering BBAI have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings945
Analysts36
Buy / hold / sell2 / 7 / 023 / 22 / 0
Upgrades / downgrades / initiations0 / 1 / 00 / 2 / 0
Price targets hit / missed0 / 9 (0%)1 / 34 (3%)
Avg. return after a rating (TipRanks)-52.9%-42.2%
Best / worst call-39.8% / -69.9%+20.5% / -73.2%

After buy calls on this stock: median 21-day move -7.3% vs S&P 500 -6.1% (n = 24)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Scott BuckH.C. Wainwright92% hit rate on this stock · 12 targets measuredBuytarget $6.00Mar 3, 2026

Latest ratings

DateAnalystCallTarget
Jul 31, 2026Michael LatimoreNorthland SecuritiesHoldMaintained$4.00
Jul 30, 2026Jonathan RuykhaverCantor FitzgeraldHoldReiterated$4.00
May 7, 2026Michael LatimoreNorthland SecuritiesHoldMaintained$5.00
Mar 3, 2026Michael LatimoreNorthland SecuritiesHoldMaintained$5.00
Mar 3, 2026Jonathan RuykhaverCantor FitzgeraldHoldReiterated$5.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$3.00$4.00$5.00$6.00Nov 25 · Buy 2 · Hold 2 · Sell 0Nov 25Dec 25 · Buy 2 · Hold 2 · Sell 0Jan 26 · Buy 1 · Hold 2 · Sell 0Jan 26Feb 26 · Buy 1 · Hold 2 · Sell 0Mar 26 · Buy 1 · Hold 2 · Sell 0Mar 26Apr 26 · Buy 1 · Hold 2 · Sell 0May 26 · Buy 1 · Hold 2 · Sell 0May 26Jun 26 · Buy 1 · Hold 2 · Sell 0Jul 26 · Buy 1 · Hold 2 · Sell 0Jul 26Aug 26 · Buy 0 · Hold 2 · Sell 0Sep 26 · Buy 0 · Hold 2 · Sell 0Sep 26Oct 26 · Buy 0 · Hold 2 · Sell 0Nov 25 · avg. target $6.33Dec 25 · avg. target $6.33Jan 26 · avg. target $6.33Feb 26 · avg. target $6.33Mar 26 · avg. target $5.33Apr 26 · avg. target $5.33May 26 · avg. target $5.33Jun 26 · avg. target $5.33Jul 26 · avg. target $4.67Aug 26 · avg. target $4.00Sep 26 · avg. target $4.00Oct 26 · avg. target $4.00Nov 25 · month-end close $6.34Dec 25 · month-end close $5.40Jan 26 · month-end close $5.04Feb 26 · month-end close $3.96Mar 26 · month-end close $3.52Apr 26 · month-end close $3.98May 26 · month-end close $5.04Jun 26 · month-end close $3.67Jul 26 · month-end close $2.79Aug 26 · month-end close $3.13Sep 26 · month-end close $2.65Oct 26 · month-end close $2.39

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Oct 9, 2026 · 9 ratings

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