BigBear.ai Holdings Inc.
BigBear.ai Announces First Quarter 2025 Financial Results
Summary
On May 1, 2025, BigBear.ai Holdings, Inc. reported its financial results for the first quarter of 2025. The company announced a 5% increase in revenue to $34.8 million compared to $33.1 million in the same period last year, driven by additional revenue from the Department of Homeland Security and Digital Identity awards. The net loss for the quarter was $62.0 million, compared to $127.8 million in the first quarter of 2024. Non-GAAP Adjusted EBITDA for the quarter was $(7.0) million, compared to $(1.6) million in the first quarter of 2024. The company also provided its financial outlook for the year 2025, projecting revenue between $160 million and $180 million and Adjusted EBITDA in the negative single-digit millions.
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About BigBear.ai Holdings Inc.
BigBear.ai Holdings Inc. is a technology company that specializes in artificial intelligence (AI) driven analytics and insights. The primary function of BigBear.ai is to develop and deploy intelligent solutions tailored to assist organizations in decision-making processes. These solutions leverage machine learning, data science, and predictive analytics to offer actionable intelligence in various scenarios. Notably, BigBear.ai's offerings impact sectors such as defense, healthcare, logistics, and energy, where precise, data-driven decisions are crucial. The company focuses on providing robust platforms that facilitate data integration, processing, and interpretation to derive meaningful patterns and trends. Headquartered in Columbia, Maryland, BigBear.ai Holdings Inc. plays an integral role in the market by offering tools that help businesses optimize operations and strategize effectively in increasingly complex environments.
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