BigBear.ai Holdings, Inc.: Business Overview, Financials & Competitive Analysis
BigBear.ai Holdings, Inc. scores 6/10 on the AskCyborg Cyborg Score (Solid). Specialized defense AI play with strong government tailwinds and improving margins, but faces execution risks and capital intensity. The company has a growing backlog of $385 million as of Q1 2025. In January 2026, $125 million principal amount of convertible notes were converted into shares, eliminating debt without material.
What is BigBear.ai Holdings, Inc.'s industry? BigBear.ai Holdings, Inc. (bigbear.ai) operates in Defense AI & Decision Intelligence Software. AskCyborg classifies BigBear.ai Holdings, Inc. under Defense AI & Decision Intelligence Software in its company registry.
BigBear.ai provides AI-powered, decision intelligence solutions leveraged in three core markets: global supply chains & logistics, autonomous systems and cybersecurity. The company's customers include the US Intellige...
Cyborg Score thesis
Specialized defense AI play with strong government tailwinds and improving margins, but faces execution risks and capital...
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Get Current Report FreeBigBear.ai Holdings, Inc. Overview
Pro stress-test →BigBear.ai provides AI-powered, decision intelligence solutions leveraged in three core markets: global supply chains & logistics, autonomous systems and cybersecurity. The company's customers include the US Intelligence Community, Department of Defense, the US Federal Government, as well as complex manufacturing, warehouse operations, distribution, and healthcare and life sciences customers. The firm is positioned as a specialized provider of mission-critical AI analytics for defense, national security, and critical infrastructure.
Strategic Profile
Pro stress-test →BigBear.ai generates revenue primarily by selling proprietary AI-powered decision intelligence software platforms and providing high-value, mission-critical professional services and engineering support. The company showed a significant operational shift, reporting net income of $2.52 million in Q3 2025, a sharp turnaround from previous losses, with its strategic acquisition of Ask Sage set to bolster Generative AI capabilities for national security clients.
Competitive Landscape
Pro stress-test →BigBear.ai faces intense competition from larger enterprise software vendors and established defense contractors. The company differentiates through specialized decision intelligence platforms and deep government customer relationships. Key attraction is the nature of government contracts, which, once secured, can provide multi-year revenue visibility with renewal and expansion potential.
Industry Context
BigBear.ai Holdings, Inc. operates in Defense AI & Decision Intelligence Software.
Key facts
Founded: 2020 · Headquarters: McLean, Virginia · Employees: 500-1000 · Revenue: $125-140M