BigBear.ai Holdings
BBAIQ3 2024(BBAI Q2 FY2024)Reported58% AI
AI Revenue %
58%
AI Fair Value
$1.1B
AI Revenue (Q)
$23.1M
Total Revenue (Q)
$39.8M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Revenue was $39.8M. Pangiam fully included for the quarter. Estimating Pangiam at ~$3.6M/month = ~$10.8M for Q2 (from 7-month total of $25.1M, spread roughly evenly). Legacy BigBear.ai: ~$29.0M at 55% AI = $16.0M. Pangiam ~$10.8M at ~90% AI = $9.7M. Total AI: $25.7M / $39.8M = 65%. However, I am uncertain about the exact Pangiam contribution and whether all Pangiam revenue is truly AI vs. traditional services integration work. Being conservative at 58%.
Analyzed by claude-opus-4-6
Quoted Figures
Three Months Ended June 30, 2024 Revenues $ 39,783
10-Q June 30, 2024 - Consolidated Statements of Operations
Time and materials $ 23,377 Firm fixed price 11,639 Cost-reimbursable 4,767 Total revenues $ 39,783
10-Q June 30, 2024 - Note 18: Revenues
The combination of BigBear.ai and Pangiam creates one of the industry s most comprehensive vision and edge AI portfolios, combining facial recognition, image-based anomaly detection and advanced biometrics with BigBear.ai s computer vision and predictive analytics
10-K December 31, 2023 - Item 1: Business
AI Products Identified (Ring 1)
Observe (computer vision)Orient (decision intelligence)Dominate (autonomous systems)Pangiam Vision AIFacial recognitionBiometricsPredictive analytics
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