BigBear.ai Holdings, Inc.

BigBear.ai Holdings, Inc.

BBAIEnterprise Platform

Key figures

Data as of Jun 2026 · Pills compare vs Mar 2026
ARR Multiple
7.8x
-4.2x
ARR
$147M
+6.7%
YoY Growth
13.2%
+14.1pp
Market Cap
$1.1B
-34.9%
Revenue (Q)
$37M
+6.7%
Gross Margin
32.8%
-1.3pp
Op. Margin
-77.7%
-7.3pp
Rule of 40
-64.5
+108.9
Magic Number
0.32
-0.79

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 13 Oct 2026; their pills compare vs the Jun 2026 quarter-end (12.0x).

Valuation by quarter

Current ARR Multiple: 12.0x

Calculated valuation

FRAMEWORK EST.
Valuation data is not available for this company.

Strategy recommendations

Levers ranked by valuation impact
No recommendations for this company.
AI Replacement RiskMODERATE
22/ 100
LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

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Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score
Data analyticsCategory baseline
mid base
Workflow complexity5/5
-12 risk
Data moat3/5
-1 risk
Integration depthHigh
-10 risk
SegmentEnterprise
-8 risk
IndustryOther
neutral
Own AI integration3/5
-1.6 risk

Entity information

Industry7372: Services-Prepackaged Software
Fiscal YearDec 31
IncorporatedDelaware
Phone(410) 967-0335
Address7950 JONES BRANCH DRIVE, MCLEAN, VA, 22102
Mailing address7950 JONES BRANCH DRIVE, MCLEAN, VA, 22102
EIN85-4164597
Entity typeoperating
SEC industry framework06 Technology
Former namesGigCapital4, Inc. (to 2021-12-07)

SaaS KPIs

Reported in at least 3 quarters

Total Backlog

16 quarters
$269.6M
Q2 FY2026+8.7%

Adjusted EBITDA

14 quarters
-$11.6M
Q2 FY2026+16.9%

Adjusted EBITDA Margin

6 quarters
(28.4)%
Q3 FY2025-2.2pp

Priced, unexercised options

6 quarters
$130.6M
Q4 FY2025+45993.7%

Unpriced, unexercised options

6 quarters
$5.1M
Q4 FY2025+31908.0%

Funded

5 quarters
$46,552
Q4 FY2024-99.9%

Quarterly financials

Earnings reports (22) →

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.