BigBear.ai Holdings
BBAIQ4 2025(BBAI Q3 FY2025)Reported60% AI
AI Revenue %
60%
AI Fair Value
$1.2B
AI Revenue (Q)
$19.9M
Total Revenue (Q)
$33.1M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Revenue was $33.1M. The company achieved net income of $2.5M this quarter (first profitable quarter in recent history), driven by a $26.1M decrease in derivative fair value. Cash position strong at $456.6M plus $258.9M in held-to-maturity investments. R&D spending at $3.4M. The company announced a definitive agreement to acquire Ask Sage for $250M (AI company focused on secure AI for government), which would significantly increase AI revenue concentration. Government shutdown risk noted as a subsequent event. Maintaining 60% AI estimate for this quarter.
Analyzed by claude-opus-4-6
Quoted Figures
Three Months Ended September 30, 2025 Revenues $ 33,143
10-Q September 30, 2025 - Condensed Consolidated Statements of Operations
Net income (loss) $ 2,521
10-Q September 30, 2025 - Condensed Consolidated Statements of Operations
Definitive Agreement to Acquire Ask Sage... The purchase price is comprised of (1) $ 140 million to be paid solely in cash... and (2) at the Company s option, either shares of BigBear.ai common stock... or additional cash equal to $ 110 million
10-Q September 30, 2025 - Note 23: Subsequent Events
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