BigBear.ai BBAI Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 25.8%+3.5pp | 22.3%-5.0pp | 27.3%-0.7pp | 28%-0.6pp | 28.5%0.0pp | |
| Operating margin | -170.4%-2.8pp | -167.5%-69.4pp | -98.1%-12.8pp | -85.3%-50.0pp | -35.4%+48.9pp | |
| Net margin | -226.7%+3.5pp | -230.2%+65.4pp | -295.6%-4.6pp | -291%-147pp | -143.7%+43.1pp | |
| Returns | ||||||
| Return on equity | -58.4%— | —— | -115.6%+106pp | -221.2%-86.5pp | -134.8%— | |
| Return on invested capital | -47.7%+11.2pp | -58.9%-2.8pp | -56%— | —— | -26%+113pp | |
| Efficiency | ||||||
| Asset turnover | 0.2×0.0× | 0.2×0.0× | 0.2×-0.1× | 0.3×-0.1× | 0.4×-0.2× | |
| Liquidity | ||||||
| Current ratio | 6.1×+4.3× | 1.8×-1.3× | 3.1×+1.2× | 1.9×+0.3× | 1.7×+1.2× | |
| Leverage | ||||||
| Debt-to-equity | 0×-0.2× | 0.2×0.0× | 0.2×-0.2× | 0.4×-0.1× | 0.6×— | |
| Per Share | ||||||
| Book value per share | $1.67-2.0% | $1.71+25.3% | $1.36+63.7% | $0.83+6.1% | $0.78+5,030% | |
| Valuation | ||||||
| Market capitalization | $1.68B-28.9% | $2.36B-2.5% | $2.42B+58.7% | $1.52B+84.2% | $826.56M-25.9% | |
| Price / sales | 13.2×-5.3× | 18.5×+1.7× | 16.8×+6.8× | 10×+4.8× | 5.2×-1.9× | |
| Price / book | 2.1×-1.7× | 3.9×-0.1× | 4×-1.8× | 5.7×+1.5× | 4.2×— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are BigBear.ai's profit margins?
- BigBear.ai (BBAI) runs a 25.8% gross margin and a -170.4% operating margin, with a -226.7% net margin.
- Where do BigBear.ai's ratios come from?
- Every ratio is computed from BigBear.ai's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
