BigBear.Ai, Inc. (NYSE:BBAI) shares are trading lower Tuesday after the company reported fourth-quarter financial results.
Q4 Results Come In Mixed
BigBear.AI reported a fourth-quarter loss of 1 cent per share, beating the consensus estimate of a 6-cent loss. Meanwhile, revenue totaled $27.30 million, missing estimates of $33.30 million and declining 38% from $43.8 million year-over-year, primarily due to lower volume on Army programs.
The company ended 2025 with total cash and investments of $462 million and said it settled the remaining $125 million of its 2029 convertible notes in January 2026.
"At the start of 2025, we set out to transform our financial foundations to establish a base from which to accelerate in 2026. We have delivered exactly that," CEO Kevin McAleenan said. "As of year-end 2025, BigBear.ai is in the strongest financial position in the company’s history."
Looking ahead, BigBear.AI projects full-year 2026 revenue between $135 million and $165 million, versus the consensus estimate of $164.29 million.
Analysts React To Q4 Earnings
BigBear.AI has an average price target of $4.38 and a consensus rating of Buy. Following the company’s quarterly results, multiple analysts lowered price targets.
- HC Wainwright & Co. analyst Scott Buck maintained a Buy rating on BigBear.AI and lowered the price target from $8 to $6.
- Cantor Fitzgerald analyst Jonathan Ruykhaver maintained a Neutral rating on BigBear.AI and lowered the price target from $6 to $5.
BBAI Shares Slide Monday
BBAI Price Action: At the time of writing, BigBear.AI shares are trading 6.34% lower at $3.84, according to data from Benzinga Pro.
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