Overview

* BigBear.ai Q3 2025 revenue fell 20% yr/yr

* Net income for Q3 2025 was $2.5 mln, reversing a net loss from Q3 2024

* Company to acquire Ask Sage for $250 mln, enhancing AI capabilities in defense

Outlook

* BigBear.ai ( BBAI ) projects full-year 2025 revenue between $125 mln and $140 mln

* Ask Sage acquisition expected to close late Q4 2025 or early Q1 2026

* Company sees strong opportunities in border security and defense

Result Drivers

* ARMY PROGRAMS - Revenue decline attributed to lower volume on certain Army programs

* DERIVATIVE LIABILITIES - Net income improvement driven by non-cash changes in derivative liabilities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $33.14 $31.82

Revenue mln mln (3

Analysts

)

Q3 EPS -$0.03

Q3 Net $2.52

Income mln

Q3 -$21.86

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the it services & consulting peer group is "buy"

* Wall Street's median 12-month price target for BigBear.ai Holdings Inc ( BBAI ) is $6.00, about 5.3% above its November 7 closing price of $5.68

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)