canar.ai
Rankings/BBAI/Q1 2023 Analysis

BigBear.ai Holdings

BBAI
Q1 2023(BBAI Q4 FY2022)Derived50% AI
AI Revenue %
50%
AI Fair Value
$613.2M
AI Revenue (Q)
$20.3M
Total Revenue (Q)
$40.7M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.gov

Analysis

Derived Q4 FY2022 from full-year $155.0M minus nine-month $114.7M = $40.4M quarterly revenue. No standalone Q4 segment split is available. Using the full-year segment mix (9-month C&E: $53.9M, Analytics: $60.8M, extrapolating similar proportions for Q4): estimated C&E ~$21.1M, Analytics ~$19.3M. Math: ($19.3M * 0.75 + $21.1M * 0.20) / $40.4M = ($14.5M + $4.2M) / $40.4M = $18.7M / $40.4M = 46%, but the FY2022 annual full result suggests a blended ~50% given the segment growth in Analytics in earlier quarters. Conservatively estimating 50%.
Analyzed by claude-opus-4-6

Quoted Figures

Nine Months Ended September 30, 2022 Cyber & Engineering Analytics Total Revenues $ 53,902 $ 60,752 $ 114,654
10-Q September 30, 2022 - Notes: Segment Information
Year Ended December 31, 2024 2023 2022 Revenues $ 158,236 $ 155,164 $ 155,011
10-K December 31, 2024 - Note 22: Segments

AI Products Identified (Ring 1)

Observe (computer vision)Orient (decision intelligence)Dominate (autonomous systems)Predictive analyticsPrescriptive 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.

Cloud engineering and enterprise ITCybersecurity consultingSystems engineeringProgram planning

Confidence Tier

DerivedCalculated from reported segments primarily serving AI