BigBear.ai forecasts $135 million to $165 million in 2026 revenue and accelerates hunt for accretive M&A

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BigBear.ai Holdings reaffirmed its full-year 2026 revenue guidance of $135 million to $165 million while reporting second-quarter revenue of $36.7 million, a 13% year-over-year increase driven by its generative AI platforms and products. Gross margin improved to 32.8%, up 781 basis points from the prior year, and the company ended the quarter with $410 million in cash and investments and a backlog of $270 million. CEO Kevin McAleenan said the company won more than 20 new contracts in the quarter and is accelerating its search for accretive M&A targets, calling it a time to be aggressive. The company also fully integrated its recent acquisitions of Ask Sage and CargoSeer, with CargoSeer signing a five-year commercial deployment agreement in El Salvador. Net loss for the quarter was $25.7 million, and adjusted EBITDA was negative $11.6 million, reflecting increased investment in sales and research and development.

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BigBearai Holdings Inc
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Reaffirmed 2026 revenue guidance, reported revenue growth, improved margins, and strong cash position, while accelerating M&A search.

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