BBAI

BigBear.ai Holdings

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Technology

industry

Information Technology Services

Exchange

NYSE

County of HQ

United States

Next Earnings Date

05/07/26

Business Summary

BigBear.ai Holdings operates as a technology services provider focused on advanced analytics, artificial intelligence, and decision-support solutions for government and enterprise clients. The company generates revenue by delivering data-driven software platforms, predictive analytics tools, and mission-critical consulting services that integrate into complex operational environments. Its moat, to the extent it exists, lies in specialized domain expertise, long-cycle contracts, and embedded relationships within high-stakes government and defense ecosystems. Cash flow generation depends on securing multi-year service agreements and scaling analytics platforms across existing client infrastructures, where switching costs and data integration complexity can create sticky revenue streams if execution stabilizes.

VALUATION

P/E

-

Market Cap ($M USD)

$1,580

Forward P/E

-

PEG

-

PRICE TO SALES

9.3

PRICE TO BOOK

2.6

EV / EBITDA

-5

5-Year Average P/E

DIVIDEND

Yield

-

Annual Payout

-

Payout Ratio

-

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

-

Financial Health & Profitability

Earnings Per Share

-$0.82

Next Year EPS Growth Estimate

-$0.38

Next Year Revenue Growth Estimate

12.00%

Return on Equity (ROE)

-48.00%

Operating Margin

-65.30%

Debt-to-Equity

0.2

Piotroski F-Score

4

Altman Z-Score

2

Return on Invested Capital (ROIC)

-66.60%%

Current Ratio

1.8

Quick Ratio

Gainseekers Quantitative Analysis

Summary

This is a highly speculative equity masquerading as a growth tech play. With no P/E or Forward P/E, negative EPS of -5, and expected EPS of -$0.82 next year, profitability is not just absent—it’s deeply impaired. A Price/Sales of 9.3 combined with an Operating Margin of -48.00% and ROIC of -66.60% signals investors are paying a premium multiple for a company that destroys capital. The Altman Z-Score of 2 places it in the gray zone, not distressed but certainly not safe, and the Piotroski F-Score of 4 confirms mediocre financial strength. This is not a mispricing opportunity—it is a balance sheet and earnings execution story that must materially improve before valuation can be justified.

AI Exposure / Tech Reliance

Operating within Information Technology Services in the Technology sector, the company sits in a segment structurally tied to AI adoption and digital transformation cycles. That positioning offers optionality if enterprise AI and analytics spending accelerates. However, negative margins suggest it has not yet translated sector tailwinds into scalable profitability.

The Bull Case

A speculative GARP investor could argue that the market cap of $1,580M against improving forward EPS from -5 to -$0.82 reflects an inflection narrative. The Current Ratio of 1.8 indicates adequate short-term liquidity, and Return on Equity of 12.00% suggests capital is being leveraged in a way that can generate accounting returns despite net losses. The Piotroski F-Score of 4 is not strong, but it is not catastrophic, implying operational stabilization rather than collapse. A Price/Book of 2.6 is not excessive for a technology services company if margins normalize, and the low TTM Yield of 0.2 suggests capital is being retained for reinvestment. If operating leverage materializes and losses compress meaningfully, the multiple could re-rate quickly given how compressed expectations already appear.

The Bear Case

The bear case is far more grounded in present reality. Operating Margin at -48.00% and ROIC at -66.60% indicate structural unprofitability and capital destruction, not temporary volatility. Debt/Equity of -65.30% is a red flag, signaling a stressed capital structure dynamic that equity holders cannot ignore. Sales Growth Next Year listed as -$0.38 implies contraction rather than expansion, undermining any premium Price/Sales of 9.3. An Altman Z-Score of 2 keeps bankruptcy risk in the conversation, and without earnings, traditional valuation anchors simply do not exist—this is a story stock dependent on future execution with very little financial cushion.

Market Sentiment & Smart Money

Short Interest %

27.30%

Analyst Consensus

2.5

Average Analyst Price Target

$5.33

Institutional Ownership %

44.40%

1-Year Beta

3.22

Insider Buying % (6 Mo)

0.70%%

Distance to 52-Week High

35.40%%

Distance to 52-Week Low

140.70%%