What is BigBear.ai's contract assets?

BigBear.ai (BBAI) reported contract assets of $874K in Q1 2026.

How has BigBear.ai's contract assets changed year-over-year?

BigBear.ai's contract assets increased by 70.7% year-over-year, from $512K to $874K.

What is the long-term trend for BigBear.ai's contract assets?

Over 5 years (2020 to 2025), BigBear.ai's contract assets has grown at a -39.0% compound annual growth rate (CAGR), from $2.58M to $218K.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

BigBear.ai BBAI Contract Assets

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$24.17M-25.5%

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$35.8M—

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Parsons CorporationPSN

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Leidos HoldingsLDOS

——

Booz Allen HamiltonBAH

——

Other financials

Income statement

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Revenue$34.4M-0.9%

Gross profit$11.7M+58.6%

Operating income-$24.3M-14.4%

Net income-$56.8M+8.4%

EPS (diluted)-$0.12+52.0%

Balance sheet

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Cash & equivalents$106.7M-0.8%

Total debt$24.1M-78.3%

Total equity$790.4M+300%

Total assets$861.7M+117%

Cash flow

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Operating cash flow-$18.0M-170%

CapEx$319.0K+299%

Free cash flow-$18.3M-172%

Valuation

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Market cap$1.69B+103%

Enterprise value$1.6B+91.9%

P/S13.2×+8.0×

Profitability

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Gross margin25.8%-2.8pp

Operating margin-170.4%-231pp

Net margin-226.7%+310pp

FCF margin-42.4%-263pp

Returns & leverage

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Return on equity-58.4%-21.1pp

Debt / equity0×-0.5×

Current ratio6.1×+4.4×

Where this comes from

Reported directly by BigBear.ai in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: BigBear.ai’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is BigBear.ai's contract assets?: BigBear.ai (BBAI) reported contract assets of $874K in Q1 2026.
How has BigBear.ai's contract assets changed year-over-year?: BigBear.ai's contract assets increased by 70.7% year-over-year, from $512K to $874K.
What is the long-term trend for BigBear.ai's contract assets?: Over 5 years (2020 to 2025), BigBear.ai's contract assets has grown at a -39.0% compound annual growth rate (CAGR), from $2.58M to $218K.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.