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BBAI · NYSE · United States · Services-Prepackaged Software
In shortBigBear.ai Holdings, Inc. is loss-making, burns cash and carries moderate debt, with revenue shrinking (−19.3% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -167.5% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -230.2% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -96.7% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -27.7% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.78× | 82/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.17× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -11.81× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -1.42 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -33.3% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 5 | 67/100 |
| Revenue growth volatility | 46.0% | 0/100 |
| Operating margin volatility | 53.5% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -6.3% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 146 | 155 | 155 | 158 | 128 |
| Cost of revenue | 112 | 112 | 115 | 113 | 99 |
| Gross profit | 34 | 43 | 41 | 45 | 28 |
| Research & development | 6 | 8.4 | 5 | 11 | 17 |
| Selling, general & admin | 107 | 85 | 71 | 80 | 95 |
| Operating income | (78) | (111) | (39) | (133) | (214) |
| Interest expense | 7.8 | 14 | 25 | 26 | 18 |
| Pre-tax income | (122) | (113) | (71) | (296) | (316) |
| Income tax | 1.1 | (1.9) | (0.2) | (0.3) | (22) |
| Net income | (124) | (111) | (71) | (296) | (294) |
| Diluted EPS | −$1.15 | −$0.87 | −$0.47 | −$1.27 | −$0.82 |
| Diluted shares (millions) | 107 | 128 | 149 | 234 | 359 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
−1.42 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Jul 30, 2026