BBAI Q1 2025: Backlog +30% to $385M, Net Loss $62M
Reported on Jun 30, 2025 (After Market Close)
Pre-Earnings Price$3.34Last close (May 1, 2025)
Post-Earnings Price$3.12Open (May 2, 2025)
Price Change
$-0.22(-6.59%)
- Strong Financial Metrics and Liquidity: The company closed Q1 2025 with $108 million in cash and a $385 million backlog—a 30% increase year-over-year—that provide scale, flexibility, and clear demand for its offerings.
- Improved Profitability Trends: Q1 2025 saw a significant reduction in net loss ($62 million vs. $127.8 million in Q1 2024) primarily due to non-recurring charges, reflecting operational improvements and a more favorable cost structure.
- Strategic Market Position and Contract Wins: BigBear.ai is capitalizing on multi-year contracts and new high-profile awards (e.g., for the Department of Defense and border security), positioning itself strongly in both government and commercial markets.