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BigBear.ai Holdings, Inc. is a technology solutions company specializing in AI-driven decision intelligence. It provides software and services that enable organizations to analyze complex data and make informed decisions. The company serves federal and commercial customers, focusing on areas such as national security, defense, supply chain management, and digital identity.
- Services - Offers time and material (T&M) services and consulting services to support long-term customer engagements.
- Professional Services - Provides configuration, optimization, and training services for the company's solutions.
- Software Licenses - Sells intellectual property to customers for use in their operations.
- SaaS (Software as a Service) - Delivers subscription-based licenses and maintenance/support for software solutions.
- Other - Includes miscellaneous revenue streams not categorized under the main product lines.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Kevin McAleenan ExecutiveBoard | Chief Executive Officer | CEO of BigBear.ai since January 15, 2025, and previously served as President at BigBear.ai leading teams in advanced computer vision, simulation, and digital identity tools. | View Report → | |
Carolyn Blankenship Executive | General Counsel and Secretary | Serving as General Counsel and Secretary at BigBear.ai since March 2022 , she brings over two decades of experience in intellectual property and innovation law from previous roles at Reuters and Thomson Reuters. | ||
Sean R. Ricker Executive | Interim Chief Financial Officer | Interim CFO of BigBear.ai since June 6, 2025, previously served as Chief Accounting Officer from August 2022 to June 6, 2025 and as Corporate Controller from April 2021 to August 2022. | ||
Ted Tanner Executive | Chief Technology Officer (CTO) | Ted Tanner is the Chief Technology Officer (CTO) at BigBear.ai since July 10, 2023. He has previously held executive roles at companies such as Watson Health, Apple, and Microsoft. | ||
Dorothy D. Hayes Board | Member of the Board of Directors | Board Member and Chair of Finance Committee at CoGenerate | Dorothy D. Hayes has served as a board member and audit committee chair at BigBear.ai since December 2021. Previously, she held key roles in corporate finance and governance at companies such as Intuit, Hewlett Packard, and Intevac, demonstrating her extensive financial expertise. | |
Jeffrey Hart Board | Director | Principal at AE Industrial Partners; Board Member at Redwire Space, Inc.; Board Member at Fire Team Solutions; Board Member at Alpine Aviation; Board Member at Edge Autonomy Holdings, Inc.; Board Member at REDLattice | Jeffrey Hart has served as a board director at BBAI since December 2021. He has a strong background in investment banking and management, with key roles at AE Industrial Partners and RBC Capital Markets. | |
Kirk Konert Board | Director | Managing Partner at AE Industrial Partners; President of AE BBRED GP, LLC | Kirk Konert has been a Director at BigBear.ai Holdings, Inc. since 2021 and currently serves as Chair of the Compensation Committee. Additionally, he holds external roles as a Managing Partner at AE Industrial Partners and President of AE BBRED GP, LLC. | |
Pamela Braden Board | Board Member | Operating Partner at AE Industrial Partners | Pamela Braden has over 35 years of experience in defense, technology, and government services. She joined BigBear.ai's Board of Directors in December 2021 and currently serves as an Operating Partner at AE Industrial Partners since 2022; she previously founded and served as CEO of Gryphon Technologies, scaling the firm to over $300 million in revenue. | |
Paul Fulchino Board | Director | Operating Partner at AE Industrial Partners, LLC; Director at Spirit AeroSystems Holdings | Paul Fulchino has served as a Director at BigBear.ai since December 2021. He brings extensive experience from active external roles such as Operating Partner at AE Industrial Partners, LLC and a board member at Spirit AeroSystems Holdings. | |
Peter Cannito Board | Chairman of the Board | Chairman and CEO of Redwire; Operating Partner at AE Industrial Partners | Peter Cannito is the Chairman of the Board at BBAI since December 2021 following the business combination with GigCapital4. He also holds active leadership roles outside BBAI as Chairman and CEO of Redwire since June 2020 and as Operating Partner at AE Industrial Partners since June 2019. | |
Sean Battle Board | Director | Sean Battle has served as Chief Strategy Officer at BBAI from December 2020 to December 2021 and has been a member of the Board of Directors since December 2021. Previously, he co-founded and served as CEO of PCI Strategic Management, leveraging decades of experience in national security and technology. |
- How do you plan to address the revenue volatility caused by the lumpy nature of contract awards and milestone completions in the current macroeconomic environment?
- With the recent shifts in federal procurement practices and funding delays, what concrete steps are in place to stabilize near-term performance and secure future contracts?
- Given the significant difference in adjusted EBITDA between Q1 2024 and Q1 2025, can you detail the initiatives that will drive the company toward improved EBITDA margins while managing increased R&D and SG&A expenses?
- How does management intend to mitigate the impact of higher noncash stock-based compensation on gross margins, and are there plans to adjust the compensation structure to deliver better margin performance?
- Considering the strategic conversion of debt to equity which has improved your balance sheet, what is your roadmap for further deleveraging, and how will this strategy support long-term investment in growth opportunities?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Pangiam Intermediate Holdings, LLC | 2024 | The acquisition was completed on February 29, 2024 for a $70 million deal, with BigBear.ai issuing 61,838,072 shares and reserving additional shares (up to $7 million) and a $3.5 million holdback for post-closing adjustments. The deal strategically expands BigBear.ai’s Vision AI capabilities—integrating facial recognition, image-based anomaly detection, advanced biometrics, computer vision, and predictive analytics—to strengthen its position in national security, supply chain management, and digital identity. |
ProModel Corporation | 2022 | Completed on April 7, 2022 at an approximate valuation of $16.1 million, the acquisition was executed via a mix of $8.56 million in cash and 649,976 shares valued at $7.5 million. It bolsters BigBear.ai's Analytics segment by adding simulation-based predictive and prescriptive analytic software capabilities, key intangible assets (including technology and customer relationships), and features escrow arrangements totaling $400,000. |
Recent press releases and 8-K filings for BBAI.
- BigBear.ai Holdings, Inc. appointed Sean Ricker as interim Chief Financial Officer, effective June 6, 2025, succeeding Julie Peffer.
- Mr. Ricker previously served as the company's Chief Accounting Officer since August 2022 and Corporate Controller since April 2021.
- As interim CFO, Mr. Ricker's annual base salary is $398,298.72, with eligibility for an annual bonus up to 50% of his base compensation and an initial equity award of $150,000.00 in Restricted Stock Units.
- Departing CFO, Ms. Peffer, will receive a severance payment of $840,000 and approximately $7,350.96 for health and welfare premiums.