BigBear.ai Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	127.67	158.24	155.16	155.01	145.58
Revenue Growth (YoY)	-19.31%	1.98%	0.10%	6.48%	59.42%
Cost of Revenue	99.19	113.02	114.56	112.02	111.51
Gross Profit	28.48	45.22	40.6	42.99	34.07
Selling, General & Admin	95.13	70.64	65.78	90.52	97.81
Research & Development	16.75	10.86	5.04	8.39	6.03
Operating Expenses	111.88	81.5	70.82	98.92	103.84
Operating Income	-83.41	-36.28	-30.22	-55.92	-69.77
Interest Expense	-18.12	-25.65	-24.88	-24.09	-7.76
Interest & Investment Income	13.25	-	-	-	-
Other Non Operating Income (Expenses)	-94.3	-105.46	-6.97	21.37	-33.35
EBT Excluding Unusual Items	-182.57	-167.39	-62.06	-58.65	-110.89
Merger & Restructuring Charges	-6.45	-4.54	-3.54	-7.55	-8.7
Impairment of Goodwill	-70.64	-85	-	-53.54	-
Asset Writedown	-53.4	-	-	-	-
Legal Settlements	-	-1.14	-2.25	-	-
Other Unusual Items	-2.58	-37.73	-3.03	6.49	-2.88
Pretax Income	-315.64	-295.8	-70.88	-113.25	-122.47
Income Tax Expense	-21.72	-0.26	-0.22	-1.88	1.08
Net Income	-293.91	-295.55	-70.66	-111.37	-123.55
Net Income to Common	-293.91	-295.55	-70.66	-111.37	-123.55
Shares Outstanding (Basic)	359	234	149	128	107
Shares Outstanding (Diluted)	359	234	149	128	107
Shares Change (YoY)	53.59%	56.54%	16.86%	19.33%	-
EPS (Basic)	-0.82	-1.27	-0.47	-0.87	-1.15
EPS (Diluted)	-0.82	-1.27	-0.47	-0.87	-1.15
Free Cash Flow	-42.48	-38.6	-18.31	-49.69	-20.43
Free Cash Flow Per Share	-0.12	-0.17	-0.12	-0.39	-0.19
Gross Margin	22.30%	28.58%	26.17%	27.73%	23.40%
Operating Margin	-65.33%	-22.93%	-19.47%	-36.08%	-47.93%
Profit Margin	-230.21%	-186.78%	-45.54%	-71.84%	-84.87%
Free Cash Flow Margin	-33.27%	-24.40%	-11.80%	-32.05%	-14.03%
EBITDA	-68.13	-24.41	-22.32	-48.17	-62.51
EBITDA Margin	-53.36%	-15.43%	-14.38%	-31.07%	-42.94%
D&A For EBITDA	15.28	11.87	7.9	7.76	7.26
EBIT	-83.41	-36.28	-30.22	-55.92	-69.77
EBIT Margin	-65.33%	-22.93%	-19.47%	-36.08%	-47.93%
Advertising Expenses	-	0.16	0.34	0.34	0.76

Source: S&P Global Market Intelligence. Standard template. Financial Sources.