BigBear.ai Holdings, Inc.

BigBear.ai Holdings, Inc. (NYSE: BBAI) is a specialized provider of mission-ready artificial intelligence technology serving defense, national security, travel, and trade sectors. The company unites cutting-edge technology capabilities including artificial intelligence, computer vision, predictive analytics, and biometrics to deliver strategic advantage for the U.S., its allies, and select commercial partners.

The company operates across three core capability areas. National security capabilities include generative AI for defense and intelligence through the Ask Sage platform, which holds FedRAMP authorization and serves over 16,000 government teams and 100,000 Department of War users. The company also provides autonomy at the edge through ConductorOS, an AI and sensor orchestration platform for mission-critical defense environments, and operational readiness solutions that streamline manpower, equipment, and supply chain forecasting. Travel and trade capabilities encompass digital identity and biometric verification solutions, digital twin modeling and simulation tools, and logistics and supply chain management enhanced by the CargoSeer AI platform for cargo scanning and trade risk management.

BigBear.ai generated revenue from time-and-material contracts representing 61 percent of total revenue and fixed-price contracts representing 25 percent for the year ended December 31, 2025. The company maintains approximately $248 million in total backlog as of year-end 2025. As of December 31, 2025, BigBear.ai employed 579 people, the vast majority holding active security clearances, with approximately 67 percent comprising software engineers, data scientists, cloud and systems engineers, analysts, and cyber subject-matter experts. The company maintains headquarters in McLean, Virginia, with additional U.S. offices in Ann Arbor, Chantilly, Columbia, and Charlottesville, plus international locations in London and Abu Dhabi.

The company has strengthened its financial position significantly, with cash and investments increasing to $461.5 million as of December 31, 2025, and total debt reduced to $17.7 million subsequent to year-end. BigBear.ai derives a significant portion of revenue from existing customers, with customers representing more than 10 percent of consolidated revenues accounting for approximately 51 percent of total revenue during 2025.