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BigBear.ai BBAI Fair Value Adjustments of Warrants and Derivatives

Fair Value Adjustments of Warrants and Derivatives at other companies

CoreWeave, Inc.
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CoreWeave, Inc. CRWV
$0-100%
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AST SpaceMobileASTS
$1.17M-63.4%
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Revolution Medicines, Inc.RVMD
$15.79M+747%
Dave, Inc. logo
Dave, Inc.DAVE
-$8.31M-2,461%
Natera, Inc. logo
Natera, Inc.NTRA
-$166K+94.9%
Ondas, Inc.
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Ondas, Inc. ONDS
-$389.55M-71,036%

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$1.81B+103%
Enterprise value$1.72B+91.9%
P/S14.2×+8.6×

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 / equity-0.5×
Current ratio6.1×+4.4×

Where this comes from

Reported directly by BigBear.ai in its filing.

Tagged under the XBRL concept bbai:FairValueAdjustmentsOfWarrantsAndDerivatives.

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 fair value adjustments of warrants and derivatives?
BigBear.ai (BBAI) reported fair value adjustments of warrants and derivatives of $20.13M in Q1 2026.
How has BigBear.ai's fair value adjustments of warrants and derivatives changed year-over-year?
BigBear.ai's fair value adjustments of warrants and derivatives decreased by 39.6% year-over-year, from $33.34M to $20.13M.
What is the long-term trend for BigBear.ai's fair value adjustments of warrants and derivatives?
Over 2 years (2021 to 2023), BigBear.ai's fair value adjustments of warrants and derivatives has grown at a -53.0% compound annual growth rate (CAGR), from $33.35M to $7.36M.
What does fair value adjustments of warrants and derivatives mean?
This represents the non-cash gains or losses resulting from the periodic revaluation of financial instruments such as warrants, options, or derivatives carried at fair value. Because these adjustments fluctuate based on market conditions and stock price volatility, they are excluded from operating cash flow to provide a clearer view of core business performance. Significant volatility in this metric can indicate exposure to complex financial liabilities.