BigBear.ai Holdings
BBAIQ3 2025(BBAI Q2 FY2025)Reported60% AI
AI Revenue %
60%
AI Fair Value
$1.2B
AI Revenue (Q)
$19.5M
Total Revenue (Q)
$32.5M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Revenue was $32.5M, down from $39.8M in Q2 FY2024. A $70.6M goodwill impairment charge was recorded, reflecting challenges in the business. R&D remains elevated at $4.4M. The company raised $300M through its ATM program, significantly bolstering cash to $390.8M. Despite the revenue decline, the company's AI product focus is unchanged. Maintaining 60% AI estimate.
Analyzed by claude-opus-4-6
Quoted Figures
Three Months Ended June 30, 2025 Revenues $ 32,472
10-Q June 30, 2025 - Consolidated Statements of Operations
Goodwill impairment 70,636
10-Q June 30, 2025 - Consolidated Statements of Operations
Research and development 4,393
10-Q June 30, 2025 - Consolidated Statements of Operations
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