BigBear.ai Stock Plummets After Q4 EPS, Revenues Miss: Details

by Erica Kollmann Benzinga Staff Writer

Zinger Key Points

BigBear.ai reports quarterly losses of 43 cents per share, which missed the analyst consensus estimate for losses of 5 cents.
Quarterly revenue comes in at $43.8 million, which missed the analyst consensus estimate of $54.48 million.
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BigBear.ai Holdings Inc. BBAI released its fourth-quarter results after Thursday's closing bell. Here's a look at the details from the report.

The Details: BigBear.ai reported quarterly losses of 43 cents per share, which missed the analyst consensus estimate for losses of five cents. Quarterly revenue came in at $43.8 million, which missed the analyst consensus estimate of $54.48 million and is an increase over sales of $40.56 million from the same period last year.

Gross margin was 37.4% in the fourth quarter of 2024 as compared to 32.1% in the fourth quarter of 2023. Ending backlog was $418 million as of Dec. 31, 2024, an increase of $250 million or 2.5 times ending backlog as of Dec. 31, 2023.

“2024 was a pivotal year for the business. We demonstrated momentum through major contract wins, expanding our backlog and growing our pipeline, maturing our technology portfolio, and restructuring our debt to strengthen our financial position for the long term. These efforts were driven by strong execution from our team,” said Kevin McAleenan, CEO of BigBear.ai.

Outlook: The company expects fiscal 2025 revenue in a range of $160 million to $180 million.

BBAI Price Action: According to data from Benzinga Pro, BigBear.ai shares were down 5.48% after-hours at $3.97 after falling 12.5% in regular trading Thursday.

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