)
Visual21 Nov 2025
Data center suppliers
BigBear.ai (BBAI) investor relations material
BigBear.ai Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary10 Nov, 2025
Executive summary
Announced and signed a definitive agreement to acquire Ask Sage, a leading generative AI platform for secure, mission-critical environments, for $250 million, with Ask Sage expected to deliver $25 million ARR in 2025, a sixfold increase over 2024.
Ask Sage supports over 16,000 government teams and hundreds of commercial companies, enhancing leadership in national security and regulated sectors.
Integration of Ask Sage is expected to create a secure, integrated AI platform, enabling cross-selling, new market opportunities, and technology synergies.
Ask Sage founder Nicholas Shalan will join as CTO, enhancing product development and innovation.
Enhanced market leadership in global travel, trade, and national security sectors, with a strategic focus on disruptive AI software and dual-use platform-level AI.
Financial highlights
Q3 2025 revenue was $33.1 million, down 20% year-over-year, mainly due to lower volume on Army programs.
Gross margin for Q3 2025 was 22.4%, down from 25.9% in Q3 2024, with adjusted gross margin at 27.7%.
Net income for Q3 2025 was $2.5 million, compared to a net loss of $15.1 million in Q3 2024, driven by a $26 million gain from derivative remeasurement.
Adjusted EBITDA for Q3 2025 was $(9.4) million, compared to $0.9 million in Q3 2024.
Record cash and investments at quarter-end were $715 million, including $456.6 million in cash and $258 million in held-to-maturity securities.
Outlook and guidance
Full-year 2025 revenue projected between $125 million and $140 million.
Ask Sage acquisition expected to close late Q4 2025 or early Q1 2026, with no material impact on 2025 results.
Anticipates accelerated growth in 2026 and beyond, leveraging Ask Sage's platform and government AI investments.
Management expects continued impact from the U.S. government shutdown and macroeconomic uncertainties.
Ask Sage integration strategy
Address Q3 SG&A increase drivers
How will record cash accelerate growth?
How Ask Sage's accreditations impact 2026 scaling
Quantify shutdown impact on Q4 revenue and EBITDA
Next M&A target area after Ask Sage acquisition
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next BigBear.ai earnings date
EGM 20251 Dec, 2025
Next BigBear.ai earnings date
EGM 20251 Dec, 2025
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
BigBear.ai Holdings Inc. is a company that provides artificial intelligence and machine learning solutions to support decision-making processes across various industries. The company's technology focuses on data analytics, predictive analytics, and cyber engineering to deliver insights that improve operational efficiency and strategic planning. BigBear.ai serves sectors including defense, healthcare, manufacturing, and logistics, offering tools that help organizations manage complex data sets and optimize decision outcomes. The company is headquartered in Columbia, Maryland, and its shares are listed on the NYSE.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage