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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