BigBear.ai misses Q2 revenue estimates

Reuters08-12
BigBear.ai misses <a href="https://laohu8.com/S/QTWO">Q2</a> revenue estimates

Overview

  • BigBear.ai Q2 revenue falls 18% yr/yr, missing analyst expectations, per LSEG data

  • Net loss widens to $228.6 mln due to derivative liabilities and goodwill impairment

  • Co projects FY 2025 revenue between $125 mln and $140 mln, adjusting for federal contract disruptions

Outlook

  • BigBear.ai projects 2025 revenue between $125 mln and $140 mln

  • Company withdraws 2025 Adjusted EBITDA guidance due to Army program uncertainties

  • BigBear.ai expects growth investment spending in H2 2025

  • Company sees opportunities from $170 bln DHS funding in One Big Beautiful Bill, particularly in the Department of Homeland Security

Result Drivers

  • FEDERAL CONTRACT DISRUPTIONS - Revenue decline attributed to lower volume on certain Army programs, per company

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Miss

$32.47 mln

$40.60 mln (3 Analysts)

Q2 EPS

-$0.71

Q2 Net Income

-$228.62 mln

Q2 Operating Income

-$90.30 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the it services & consulting peer group is "buy"

  • Wall Street's median 12-month price target for BigBear.ai Holdings Inc is $4.25, about 68% below its August 8 closing price of $7.14

Press Release: ID:nBw5c10pta

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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