BigBear.ai Holdings
BBAIQ2 2025(BBAI Q1 FY2025)Reported60% AI
AI Revenue %
60%
AI Fair Value
$1.2B
AI Revenue (Q)
$20.9M
Total Revenue (Q)
$34.8M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Revenue was $34.8M. The company continues as a single operating segment focused on Edge AI-powered decision intelligence. R&D spending increased to $4.2M (vs $1.1M in Q1 FY2024), showing strong investment in AI products. Restructuring charges of $1.7M indicate continued operational optimization. Maintaining 60% estimate. The company announced the exchange of $182.3M in 2026 convertible notes for 2029 notes and raised $64.7M from warrant exercises, improving liquidity for AI investments.
Analyzed by claude-opus-4-6
Quoted Figures
Revenues $ 34,757
10-Q March 31, 2025 - Consolidated Statements of Operations
Research and development 4,166
10-Q March 31, 2025 - Consolidated Statements of Operations
Adjusted research and development 3,389
10-Q March 31, 2025 - Note 21: Segments
AI Products Identified (Ring 1)
Observe (computer vision)Orient (decision intelligence)Dominate (autonomous systems)Pangiam Vision AIFacial recognitionBiometricsEdge AI
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Cybersecurity consultingSystems engineeringIT servicesManagement consulting
Confidence Tier
ReportedAI revenue explicitly disclosed in SEC filings