BigBear.ai Holdings (BBAI) Company Report

BigBear.ai's special meeting of stockholders, reconvened on December 5th, 2025, was further adjourned to December 19th, 2025, at 3:00 P.M. Eastern Time.
The purpose of the adjournment is to solicit additional votes for Proposal 1, which seeks to amend the Certificate of Incorporation to increase the number of authorized shares of common stock.
As of December 5th, 2025, Proposal 1 had not received the required affirmative vote of more than 50% of outstanding shares entitled to vote.
The company is urging stockholders to vote for the approval of the amendment to authorize additional shares of common stock.

Dec 5, 2025, 4:00 PM

Transcript

BigBear.ai Special Meeting Adjourned for Share Authorization Vote

BBAI

Proxy Vote Outcomes

BigBear.ai's special meeting of stockholders, reconvened on December 5, 2025, was further adjourned.
The meeting's primary agenda item, Proposal 1, seeks to amend the Certificate of Incorporation to increase the number of authorized shares of common stock.
As of December 5, 2025, Proposal 1 has not received the necessary affirmative vote totaling more than 50% of outstanding shares.
The meeting has been adjourned to December 19, 2025, at 3:00 P.M. Eastern Time, to allow additional time for stockholders to vote on Proposal 1.

Dec 5, 2025, 4:00 PM

Transcript

BigBear.ai Further Adjourns Special Meeting on Stock Authorization Proposal

BBAI

Proxy Vote Outcomes

BigBear.ai's special meeting, reconvened on December 5, 2025, aimed to vote on Proposal 1 to amend its Certificate of Incorporation to increase the number of authorized shares of common stock.
As of the December 5, 2025, meeting, Proposal 1 had not received the affirmative vote totaling more than 50% of outstanding shares entitled to vote as of the October 14, 2025, record date.
The special meeting has been further adjourned to December 19, 2025, at 3:00 P.M. Eastern Time, to provide additional time for stockholders to vote on Proposal 1.
The company is urging stockholders to vote for the approval of the amendment to authorize additional shares of common stock.

Dec 5, 2025, 4:00 PM

Transcript

BigBear.ai Holdings, Inc. stockholders approve increase in authorized shares and amend bylaws

BBAI

Proxy Vote Outcomes

Amendments to Articles of Incorporation or Bylaws

BigBear.ai Holdings, Inc.'s Board of Directors approved and adopted amendments to the Company's Bylaws, effective December 1, 2025, which include changes to the voting standard for most matters, address universal proxy rules, and enhance procedural mechanics for stockholder nominations.
At a Special Meeting of Stockholders held on December 1, 2025, with 54.9% of the voting power present, stockholders approved an amendment to increase the number of authorized shares of common stock from 500,000,000 to 1,000,000,000.
The Special Meeting was subsequently adjourned until December 5, 2025, to solicit additional proxies for the authorized share increase proposal.

Dec 1, 2025, 9:30 PM

8-K

BigBear.ai Reports Q3 2025 Earnings and Announces Ask Sage Acquisition

BBAI

Earnings

M&A

Guidance Update

BigBear.ai reported Q3 2025 GAAP EPS of -$0.03 and revenue of $33.14 million, both surpassing forecasts, with net income improving to $2.5 million from a $15.1 million loss in Q3 2024.
The company announced an agreement to acquire Ask Sage, a generative AI platform focused on secure AI model distribution for defense and national security, with completion expected by early 2026.
Gross margin declined to 22.4% in Q3 2025 from 25.9% in the prior year, and SG&A expenses increased to $25.3 million from $17.5 million in Q3 2024.
BigBear.ai projects fiscal year 2025 revenue between $125 million and $140 million, aligning with consensus estimates, and shares rose 1.58% after-hours and 15% post-market following the news.

Nov 11, 2025, 12:35 AM

Morningstar

BigBear.ai Announces AskSage Acquisition and Q3 2025 Results

BBAI

M&A

Earnings

CFO Change

BigBear.ai has signed a definitive agreement to acquire AskSage, a generative AI platform for defense and national security agencies, with its annual recurring revenue on track to grow over six times from 2024 to 2025, targeting $25 million in ARR in 2025.
Sean Ricker was officially appointed as Chief Financial Officer as of October 14.
For Q3 2025, revenue was $33.1 million, a decrease of $8.4 million year-over-year, and Adjusted EBITDA was negative $9.4 million.
The company raised approximately $337 million in gross proceeds by selling 65 million shares of common stock at an average price of $5.18 per share through its at-the-market facilities.
BigBear.ai reiterated its full-year 2025 revenue projection of $125 million to $140 million.

Nov 10, 2025, 9:30 PM

Transcript

BigBear.ai Announces Q3 2025 Results and Agreement to Acquire Ask Sage

BBAI

M&A

Earnings

Guidance Update

BigBear.ai announced a definitive agreement to acquire Ask Sage, a Generative AI platform, for a total of $250 million, with Ask Sage projected to deliver approximately $25 million in annual recurring revenues (ARR) in 2025.
For the third quarter of 2025, BigBear.ai reported revenue of $33.1 million, a 20% decrease compared to Q3 2024, and achieved a net income of $2.5 million, an improvement from a net loss of $15.1 million in the prior year period.
The company's cash balance reached a record $456.6 million as of September 30, 2025, and it continues to project full-year 2025 revenue between $125 million and $140 million.

Nov 10, 2025, 9:16 PM

8-K

BigBear.ai Announces Q3 2025 Results and Ask Sage Acquisition

BBAI

M&A

Earnings

Guidance Update

BigBear.ai announced a definitive agreement to acquire Ask Sage for $250 million, a Generative AI platform expected to deliver approximately $25 million in annual recurring revenues (ARR) in 2025.
For the third quarter of 2025, revenue decreased 20% to $33.1 million compared to Q3 2024, while the company reported a net income of $2.5 million.
Non-GAAP Adjusted EBITDA for Q3 2025 was $(9.4) million, compared to $0.9 million in Q3 2024.
The company continues to project full-year 2025 revenue between $125 million and $140 million.
BigBear.ai reported a record cash balance of $456.6 million as of September 30, 2025.

Nov 10, 2025, 9:15 PM

Press Release

BigBear.ai Announces Ask Sage Acquisition and Q3 2025 Financial Highlights

BBAI

M&A

Earnings

New Projects/Investments

BigBear.ai announced the acquisition of Ask Sage, an advanced generative-AI platform tailored for government agencies, which saw its Annual Recurring Revenue (ARR) grow 6X from '24-'25 and currently serves 16,000 government teams.
As of Q3 2025, the company reported a record ending cash and investments balance of $715 million, resulting in a net positive cash and investments position of almost $575 million.
For Q3 2025, BigBear.ai reported revenues of $33,143 thousand, an Adjusted EBITDA of $948 thousand, and an Adjusted Gross Margin of 27.7%.

Nov 10, 2025, 9:00 PM

Presentation

BigBear.ai Forms Strategic Partnership with Tsecond

BBAI

Product Launch

New Projects/Investments

BigBear.ai Holdings (BBAI) has formed a strategic partnership with Tsecond Inc. to provide AI-enabled edge infrastructure aimed at enhancing national security and tactical defense operations.
This collaboration integrates BigBear.ai's ConductorOS with Tsecond's BRYCK hardware platform to enable faster, more reliable AI deployment at the tactical edge, allowing real-time processing of multidomain sensor data without reliance on cloud connectivity.
The partnership strengthens BigBear.ai's position in defense AI, building on a Department of Defense (DoD) contract awarded earlier in 2025 and participation in UNITAS 2025.
Following the announcement, BBAI shares rose by up to 23%, reflecting investor confidence, with the stock having surged approximately 413% over the past 12 months.