BigBear.ai Inc.: Mixed — EPS -$0.19, Revenue $43.58M
Mixed ResultQ3 2026 · After-market
Did BigBear.ai Inc. (BBAI) beat earnings today?
It was a mixed report for Q3 2026 — BigBear.ai Inc. (BBAI) beat on EPS but missed on revenue.
Earnings Per Share-216.67% surprise
-$0.19Actual
Expected: -$0.06
vs. year ago -533.3%
Total Revenue+11.92% surprise
$43.58MActual
Expected: $38.94M
vs. year ago +31.0%
Released Oct 27 · 4:15 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenues | $43.58M | $33.14M | +31.0 |
| Net (loss) income | $(91.854)M | $2.52M | -3743.6 |
| Basic net (loss) income per share | $(0.19) | $0.01 | -2000.0 |
| Diluted net loss per share | $(0.19) | $(0.03) | - |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY 2026 Outlook |
|---|---|---|
| Revenue | — | $150M-$165M (+5% from previous guidance range midpoint) |
Business Highlights
- ➤Won more than 25 new contracts since the second quarter.
- ➤New awards included customers such as the FBI, U.S. Coast Guard, and Department of Energy.
- ➤Major recompetes were won during the quarter.
- ➤The BigBear Generative AI Platform substantially drove improved business performance.
- ➤The Generative AI Platform was acquired as Ask Sage in December 2025.
- ➤Backlog grew 22% since the second quarter to approximately $330M.
- ➤Approximately 23% of total backlog was funded as of September 30, 2026.
- ➤BigBear.ai focuses on mission-ready AI for National Security and Trade & Travel.
Management Commentary
Kevin McAleenan, CEO of BigBear.ai
“We’re raising our full-year revenue guidance after another strong quarter of revenue growth, a series of contract wins, and improved margins. We won major recompetes. We won more than 25 new contracts with customers including the FBI, the U.S. Coast Guard, the Department of Energy, and classified awards. Just as important, we achieved the wins while growing margins and keeping our strong cash position. Our strategy remains centered on applied AI built by operators, for operators who face the toughest missions. Today’s results are further proof that our customers know mission impact when they see it, and they trust us to deliver. We believe that puts us in a strong position to grow in 2027.”
Sean Ricker, CFO of BigBear.ai
“Revenue grew again in the third quarter, our third straight quarter of organic growth since the end of last year. AI adoption in our markets is still in its early stages, and our recent wins show strong and growing demand.”