BigBear.ai Inc. Common Stock (BBAI)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn money consistently, have some durable competitive advantage, and sell at a sensible price. BigBear.ai doesn't yet fit that mould. It provides AI decision intelligence for national security, supply chain, and digital identity, with 579 employees. In fiscal 2025, the year ended 2025-12-31, revenue was $127.7 million and net income was -$293.9 million. That follows fiscal 2024 revenue of $158.2 million and net loss of $295.5 million, and fiscal 2023 revenue of $155.2 million and net loss of $70.7 million. This is not a record of pricing power or consistent growth; annual revenue actually fell in fiscal 2025. The latest quarter, fiscal Q2 2026 ended 2026-06-30, showed revenue of $36.7 million and net income of -$25.7 million, so the loss narrowed sharply from -$56.8 million in fiscal Q1 2026. But trailing free cash flow is -$73.8 million, a -6.4% FCF yield on the $1.1 billion market cap. The balance sheet looks lightly levered at 0.03 debt/equity, and FairStock's Altman Z-Score of 8.48 suggests low near-term distress risk, but profit remains elusive. FairStock returns are negative, with ROE of -16.55% and ROCE of -7.58%. At the 2026-10-13 close of $2.39, the negative P/E of -119.50 is meaningless as a valuation anchor; P/B is 1.48. FairStock score 46/100 and Piotroski 4/9. The Lynch category is none because it lost money in each of the last four years. I'd want to see real, repeatable profits and positive cash generation before calling this a bargain rather than a speculative option.

In plain English: BigBear.ai sells artificial-intelligence decision tools for national security, supply chain, and digital identity customers. The business is still losing money and burning cash, and its latest full-year sales slipped. At $2.39, the price looks speculative rather than clearly cheap because there are no profits to anchor it.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer