Follow BigBear.ai to never miss an important update.
BigBear.ai elected retired Lieutenant General Sean Gainey to its board of directors on August 13, 2026. Gainey most recently served as a commander in the U.S. Army Space and Missile Defense Command and previously led the Department of Defense office focused on counter-drone technology.
This appointment is a logical fit for a company that sells AI-driven security and defense software to the government. Gainey's experience in modern warfare technology and his deep ties to the military could help the company better align its products with what the Pentagon is looking to buy.
Source: 8-K filing
BigBear.ai brought in about 37 million dollars in revenue last quarter, matching what analysts expected and growing 13 percent from a year ago. While the company lost 5 cents per share, slightly more than the 4 cents analysts predicted, it made much more profit on each dollar of sales. Gross margin, which shows what is left after the direct costs of delivering its services, jumped to nearly 33 percent from 25 percent last year.
The company is also building up a larger pipeline of future work. Its backlog, or the total value of signed contracts not yet started, grew 9 percent to about 270 million dollars. With 410 million dollars in cash on hand and more than 20 new contract wins during the quarter, management feels confident enough to stick with its original plan to bring in between 135 million and 165 million dollars for the full year.
The company reported about $37 million in revenue for the quarter, a 13 percent increase from a year ago. It also significantly improved its gross margin, which is the profit left after paying for the direct costs of its services, to roughly 33 percent. This suggests the business is becoming more efficient as it grows.
Management also noted that its backlog, or the total value of signed contracts that haven't been completed yet, grew 9 percent to about $270 million. For a small defense tech company, this growing pile of future work is a key sign of stability. The company ended the quarter with about $410 million in cash and kept its sales forecast for the full year unchanged.
Source: 8-K filing
The company launched new generative AI tools specifically for defense teams. Generative AI is technology that can create new content or analysis based on data it has learned. These new tools include "air-gapped" hardware, which means the systems can run without being connected to the open internet to keep sensitive data safe.
This launch is important because it targets the specific security needs of government customers. By providing tools that can work in highly secure, disconnected environments, the company is making its products harder for rivals to replace in the defense market.
Source: Business Wire
The company has a mixed record, beating expectations in four of the last eight quarters. It suggests that while growth is steady, the path to consistent profits is still being worked out.
| Expectation | |
|---|---|
| EPS | $-0.05 |
| Revenue | $39M |