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BigBear.ai BBAI Q3 2025 earnings

Reported November 10, 2025 · After market close

Revenue$33.1MMiss by $165.7K
EPS-$0.07Miss by $0.01
Revenue estimate$33.3M
EPS estimate-$0.06

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$36.4M
EPS estimate-$0.04

Financials

Q3 2025

Income statement

See full
Revenue$33.1M-20.1%
Gross profit$7.4M-31.0%
Operating income-$21.9M-107%
Net income$2.5M+117%
EPS (diluted)-$0.03+50.0%

Balance sheet

See full
Cash & equivalents$456.6M+596%
Total debt$112.9M-36.1%
Total equity$610.0M+379%
Total assets$919.8M+160%

Cash flow

See full
Operating cash flow-$9.6M-406%
CapEx$188.0K+37.2%
Free cash flow-$9.8M-381%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$2.42B+562%
Enterprise value$2.07B+335%
P/S16.8×+14.4×

Profitability

See full
Gross margin27.3%+0.3pp
Operating margin-98.1%+15.5pp
Net margin-295.6%-851pp
FCF margin-24.5%+37.5pp

Returns & leverage

See full
Return on equity-115.6%—
Debt / equity0.2×-1.2×
Current ratio3.1×+1.1×

Versus estimates

Revenue

Q1 2026$34.4MBeat by $836.7KQ4 2025$27.3MMiss by $6.0M
Q3 2025$33.1MMiss by $165.7K
Q2 2025$32.5MMiss by $7.9MQ1 2025$34.8MMiss by $1.5MQ4 2024$43.8MMiss by $10.8M

Diluted EPS

Q1 2026-$0.08In lineQ4 2025-$0.04Beat by $0.01
Q3 2025-$0.07Miss by $0.01
Q2 2025-$0.06Beat by $0.01Q1 2025-$0.10Miss by $0.04Q4 2024-$0.04Beat by $0.01

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Questions, answered.

When did BigBear.ai report Q3 2025 earnings?
BigBear.ai (BBAI) reported Q3 2025 earnings on November 10, 2025 after market close.
What were BigBear.ai's Q3 2025 revenue and EPS?
BigBear.ai reported revenue of $33.1M and eps of $-0.07 for Q3 2025.
Did BigBear.ai beat estimates in Q3 2025?
Revenue missed the consensus estimate of $33.3M by $165.7K. EPS missed the consensus estimate of $-0.06 by $0.01.
How did BigBear.ai's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 20.1% from $41.5M a year earlier and eps declined 40.0% from $-0.05.
Where can I find BigBear.ai's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001836981-25-000025) and the 10-Q periodic report (0001836981-25-000028) directly on SEC EDGAR. The filing index links above go to sec.gov.