BigBear.ai Announces Third Quarter 2026 Results and Raises FY 2026 Revenue Guidance
Business Wire•27/10/2026•16:15 ET
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Key Highlights
- ➤Revenue $43.6 million, up 31% year over year
- ➤FY 2026 revenue guidance raised to $150 million-$165 million
- ➤More than 25 new contracts exceed $225 million in contract value
- ➤Backlog grew 22% to $330 million since second quarter 2026
- ➤Gross margin expanded 878 basis points to 31.2%
Expert Statements
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.”
Kevin McAleenan, CEO of BigBear.ai
“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.”
Kevin McAleenan, CEO of BigBear.ai
“Just as important, we achieved the wins while growing margins and keeping our strong cash position.”
Kevin McAleenan, CEO of BigBear.ai
“Our strategy remains centered on applied AI built by operators, for operators who face the toughest missions.”
Kevin McAleenan, CEO of BigBear.ai
“Today’s results are further proof that our customers know mission impact when they see it, and they trust us to deliver.”
Kevin McAleenan, CEO of BigBear.ai
“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.”
Sean Ricker, CFO of BigBear.ai
“AI adoption in our markets is still in its early stages, and our recent wins show strong and growing demand.”
BigBear.ai Announces Third Quarter 2026 Results and Raises FY 2026 Revenue Guidance
* 31% year over year revenue growth to $43.6 million; third straight quarter of organic growth
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