BigBear.ai Holdings, Inc. (BBAI) reported a 13% year-over-year increase in revenue to $36.7 million for the second quarter of 2026, attributed to the robust performance of its generative AI platforms. The gross margin improved significantly to 32.8%, an uptick of 781 basis points. During this quarter, the company secured over 20 contracts, each valued at up to $5 million, which contributed to a backlog of $270 million, reflecting an increase of approximately $22 million since the start of the year.
BigBear.ai is enhancing its AI applications, including a five-year deployment agreement for CargoSeer in El Salvador, following a successful pilot. The company’s Adjusted EBITDA remained negative at $11.6 million, primarily due to increased investments in sales and R&D. Despite having $410 million in cash and investments, the conversion of contract wins into sustained revenue growth remains a critical focus.
Over the past six months, BBAI shares have decreased by 22.2%, falling behind the Zacks Computers – IT Services industry. The Zacks Consensus Estimate for BBAI suggests a narrower loss per share in 2026 compared to the previous year’s loss of $0.82. Currently, BigBear.ai holds a Zacks Rank of #4 (Sell).
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