Shares of BigBear.ai Holdings (BBAI) plummeted 20.17% in after-hours trading on Monday following the release of its disappointing second-quarter 2025 financial results and lowered full-year guidance. The artificial intelligence and analytics firm reported earnings that fell far short of analyst expectations, sparking a sell-off in the stock.
BigBear.ai reported a quarterly loss of $0.71 per share, significantly wider than the analyst consensus estimate of a $0.06 loss. This marks a substantial decline from the $0.05 loss per share reported in the same period last year. Revenue for the quarter came in at $32.472 million, missing analyst estimates of $41.17 million by 21.13% and representing an 18.38% decrease from the previous year's $39.78 million.
Adding to investor concerns, BigBear.ai updated its financial outlook for the full year 2025, projecting revenue between $125 million and $140 million. This forecast falls considerably short of the previous Wall Street expectations of $167.7 million. Furthermore, the company withdrew its full-year Adjusted EBITDA guidance, citing uncertainty surrounding an Army program and anticipated growth investments in the second half of the year. These factors combined to fuel the sharp decline in BigBear.ai's stock price during after-hours trading, as investors reassessed the company's near-term growth prospects and financial performance.
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