Overview
- BigBear.ai, which reported first‑quarter results Tuesday, saw its shares fall in after‑hours trading after investors focused on a weak bottom line and higher costs.
- Revenue reached $34.4 million versus the $33.6 million consensus, and the company kept its 2026 sales outlook at $135 million to $165 million.
- Outlets published conflicting earnings numbers, with one citing a $0.04 per‑share loss that beat expectations and others reporting a $0.12 loss versus a $0.08 forecast.
- Gross margin rose to 34.0% from 21.3% a year ago as the business leaned more on generative‑AI and other software, which carry higher profit than services.
- New awards included a $53 million classified contract and a $7 million airports deal, lifting funded backlog 44% to $79.1 million and total backlog to $281.9 million, while SG&A climbed to $29.2 million due to Ask Sage integration and higher legal and marketing spend.