BigBear.ai posts 31% revenue jump, raises FY‑2026 guidance despite $91.9M loss
BigBear.ai reported third‑quarter 2026 revenue of $43.6 million, up 31% year‑over‑year, and lifted its full‑year revenue outlook to $150 million‑$165 million. Gross margin improved to 31.2%, an expansion of 878 basis points, while a non‑cash goodwill impairment of $76.7 million drove a net loss of $91.9 million. The company highlighted more than 25 new contracts worth over $225 million and a backlog of $330 million.
Why it matters
The raised revenue guidance signals higher expected top‑line growth for the rest of FY 2026, which may support a higher valuation (the company says it expects the guidance increase). The large net loss is primarily an accounting charge and does not affect the company’s cash position of roughly $400 million, preserving financial flexibility for future investments.
Key facts
- 1Revenue was $43.6 million in Q3 2026, a 31% year‑over‑year increase. stocktitan.net
- 2Gross margin rose to 31.2%, an expansion of 878 basis points versus Q3 2025. stocktitan.net
- 3Net loss for the quarter was $91.9 million. stocktitan.net
- 4The loss included a non‑cash goodwill impairment charge of $76.7 million. stocktitan.net
- 5Full‑year 2026 revenue guidance was increased to $150 million‑$165 million. stocktitan.net
- 6Backlog grew to $330 million, up 22% since Q2 2026. stocktitan.net
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.