BBAI
BigBear.ai Holdings, Inc.

BigBear.ai Holdings, Inc.BBAI

Technology · Information Technology Services
2.89USD
-0.34%
Sep 23, 2026
BBAI overview ready
Specialized Defense AI Software Provider Enabling Mission Decision Intelligence
BigBear.ai is a specialized defense and security AI software provider, delivering edge AI, predictive analytics, computer vision, biometrics, modeling and simulation, data integration, and generative-AI capabilities to national-security, border, travel, and trade customers.
Strong narrative exposure
Exposed to the Defense Rearmament and Industrial Base narrative through Defense AI Decision Intelligence and Mission Software — enabling supplier.
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Valuation not measured
Unremarkable fundamentals
Primary risk
Continued operating losses and negative operating margin.
Market Sep 22Filing Jun 30Price action Sep 22Research Aug 30

Conviction Level

NarrativeHeat8.3ThemeHeat7.6PriceAction3.4Valuation0.3CompanyPosition9.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$1.4B
Avg Volume (60D)
19.6M
60 sessions
Revenue Growth YoY
-19.3%
FY2025 vs FY2024
Gross Margin
+27.9%
Trailing twelve months
Operating Margin
-117.9%
Trailing twelve months
Free Cash Flow Yield
-5.2%
Distance from 200DMA
-29.9%
Next Earnings
2026-11-02
P/E
N/M
EV / Sales
8.2x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.
BigBear.ai Holdings, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces.

Company Research

Thesis
BigBear.ai is a specialized defense and security AI software provider, delivering edge AI, predictive analytics, computer vision, biometrics, modeling and simulation, data integration, and generative-AI capabilities to national-security, border, travel, and trade customers.
Opportunity
Moderate opportunity
Defense and intelligence procurement of secure AI, data fusion, computer vision, simulation, and decision-support software that turns distributed operational data into mission planning, command-and-control, and security workflows.
Key risk
Continued operating losses and negative operating margin.

Narrative & Theme

Defense Rearmament and Industrial Base
Part of Defense AI Decision Intelligence and Mission Software, with strong fit.
BBAI has a genuine, direct exposure to defense AI adoption rather than a generic association with commercial AI: its offerings are deployed into mission-oriented national-security, homeland-security, and intelligence decision workflows.
Narrative HeatHeating up8.3 / 10
Theme HeatHeating up7.6 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Information Technology Services
What they do

BigBear.ai provides artificial intelligence-powered decision intelligence solutions that integrate data analytics and simulation to support decision-making in national security, supply chain management, and digital identity sectors.

How it earns

The company generates revenue primarily through project-based and subscription services tied to its AI software solutions.

Products & services
Data Conflation at Scale
Discrete Event Simulation
Next-Gen Decision Support
Customers & end markets
National security agencies
Supply chain and logistics companies
Digital identity market participants
Market position

Niche player specializing in AI-powered decision intelligence for specific government and commercial markets.

Demand drivers
Medium cyclicality

Demand is influenced by government budgets and commercial supply chain cycles but also driven by ongoing digital transformation trends.