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BigBear.ai Holdings, Inc. - BBAI STOCK NEWS

Welcome to our dedicated page for BigBear.ai Holdings news (Ticker: BBAI), a resource for investors and traders seeking the latest updates and insights on BigBear.ai Holdings stock.

BigBear.ai Holdings, Inc. (NYSE: BBAI) is a leading provider of AI-powered decision intelligence solutions for both military and commercial sectors. Headquartered in Columbia, Maryland, and with additional locations in Virginia, Massachusetts, and California, BigBear.ai serves critical markets such as national defense, intelligence communities, global supply chains, logistics, autonomous systems, and cybersecurity.

BigBear.ai's core operations encompass a comprehensive suite of solutions, including artificial intelligence and machine learning, data science, advanced analytics, cybersecurity (both offensive and defensive), data management, cloud solutions, digital engineering, and systems integration. These offerings empower organizations to gain information superiority, manage risk, and make well-informed decisions.

The company’s clientele includes key government agencies such as the U.S. Intelligence Community, Department of Defense, and various U.S. federal government entities. In the commercial sector, BigBear.ai’s decision intelligence solutions enhance the efficiency and effectiveness of complex manufacturing, distribution, and healthcare operations.

Recent key developments for BigBear.ai include reporting positive financial results for the third quarter of 2023. This marks the company’s first quarter of positive cash from operations, net income, and adjusted EBITDA. Additionally, BigBear.ai's strategic decision to acquire Pangiam is set to expand its Vision AI portfolio, further solidifying its leadership in AI-driven solutions.

BigBear.ai also collaborates with major technology partners such as AWS to bring advanced AI-driven solutions to market. For instance, BigBear.ai's ProModel, a discrete-event simulation product, is integrated into AWS ProServe customers' operations, optimizing warehousing and supply chain processes.

As part of its growth strategy, BigBear.ai continues to secure significant contracts like the extension for the U.S. Army’s Global Force Information Management (GFIM) system. This project aims to modernize the Army's data-centric operations, enhancing force readiness and system security.

For more detailed and up-to-date information, please visit BigBear.ai's official website.

News

BigBear.ai Awarded $17.9M Extension on Phase 2 of U.S. Army GFIM OTA, Enhancing the Data Layer and Critical Functionality

Rhea-AI Summary
BigBear.ai (NYSE: BBAI) extends contract with U.S. Army for Global Force Information Management (GFIM) system, valued at $17.9 million. The extension focuses on enhancing the data layer, developing the MVP, and ensuring secure operation within the cARMY Cloud environment. The project aligns with the Army's vision for a data-centric force and represents a commitment to achieving a state-of-the-art platform that meets the Army's highest standards of data security and operational effectiveness.
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10.18%
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BigBear.ai Expands its Relationship with AWS to Deliver AI-Driven Solutions

Rhea-AI Summary
BigBear.ai (BBAI) partners with Amazon Web Services (AWS) Professional Services to provide AI-driven warehousing solutions, reinforcing its position as a leader in AI-driven solutions. The partnership aims to enhance supply chain and warehouse operations worldwide, offering optimized facilities design, streamlined process workflows, efficient staffing models, arrival and departure scheduling, and strategic resource allocation through BigBear.ai’s ProModel AI-driven warehousing solutions.
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2.87%
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AI
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BigBear.ai Announces Definitive Merger Agreement to Acquire Pangiam as well as First Quarter of Positive Net Income, Positive Adjusted EBITDA & Positive Cash Flows from Operations in Third Quarter 2023 Financial Results

Rhea-AI Summary
BigBear.ai Holdings, Inc. (BBAI) announces merger agreement to acquire Pangiam, achieving first quarter of positive net income, adjusted EBITDA, and cash flows since public debut. Reiterates FY Guidance of Revenue between $155 million and $170 million. Decline in Q3 2023 revenue to $34.0 million, gross margin of 24.7%, and net income of $4.0 million. Announces definitive merger agreement to acquire Pangiam for approximately $70 million in an all-stock transaction, expecting to close in Q1 2024.
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-4.49%
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BigBear.ai to Acquire Pangiam, Combining Facial Recognition and Advanced Biometrics with BigBear.ai’s Computer Vision Capabilities to Spearhead the Vision AI Industry

Rhea-AI Summary
BigBear.ai, a leading provider of AI-enabled business intelligence solutions, announced a definitive merger agreement to acquire Pangiam Intermediate Holdings, LLC for approximately $70 million in an all-stock transaction. The merger will create one of the industry's most comprehensive Vision AI portfolios, positioning the company as a foundational leader in the application of AI. The acquisition is expected to close in Q1 2024.
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2.08%
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BigBear.ai Expands Partnership with Thomas Jefferson University Hospital

Rhea-AI Summary
BigBear.ai announces expansion of its AI platform at Thomas Jefferson University Hospital to improve day-to-day operations in resource and bed management, nurse staffing, and transfer center. The FutureFlow RX Predictive AI platform allows hospitals to create 'digital twins' and simulate operational scenarios for more efficient planning and execution.
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4.1%
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BigBear.ai to Report Third Quarter 2023 Results on November 7, 2023

Rhea-AI Summary
BigBear.ai will publish its Q3 earnings release on November 7, 2023, at 4:15 pm ET.
Rhea-AI Impact
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-0.78%
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BigBear.ai’s Simulation for AutoCAD Showcased by Autodesk CEO

Rhea-AI Summary
BigBear.ai partners with Autodesk to integrate AI-enabled business intelligence solutions with AutoCAD's discrete event simulation functionality, providing actionable insights for designers and planners.
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5.15%
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AI
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BigBear.ai Announces Second Quarter 2023 Financial Results

Rhea-AI Summary
BigBear.ai Holdings, Inc. announced financial results for Q2 2023. Revenue grew 2.2% to $38.5 million compared to Q2 2022. Net loss of $16.9 million. U.S. Army contract wins worth over $7.7 million and $8.5 million. New CTO hired. Registered direct offering completed for $25M.
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-10.17%
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BigBear.ai to Report Second Quarter 2023 Results on August 8, 2023

Rhea-AI Summary
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3.21%
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BigBear.ai Announces Registered Direct Offering of Common Stock and Warrants

Rhea-AI Summary
BigBear.ai Holdings, Inc. has entered into a definitive agreement for the purchase and sale of 11,848,341 shares of its common stock and accompanying warrants at a combined purchase price of $2.11 per share, raising approximately $25 million. The offering is expected to close on or about June 13, 2023.
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-3.32%
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FAQ

What is the current stock price of BigBear.ai Holdings (BBAI)?

The current stock price of BigBear.ai Holdings (BBAI) is $4.91 as of February 4, 2025.

What is the market cap of BigBear.ai Holdings (BBAI)?

The market cap of BigBear.ai Holdings (BBAI) is approximately 1.2B.

What does BigBear.ai Holdings, Inc. do?

BigBear.ai Holdings, Inc. provides AI-powered decision intelligence solutions for military and commercial sectors, including AI, machine learning, data science, and cybersecurity.

Who are BigBear.ai's primary clients?

BigBear.ai serves the U.S. Intelligence Community, Department of Defense, U.S. federal government, and industries like manufacturing, distribution, and healthcare.

Where is BigBear.ai headquartered?

BigBear.ai is headquartered in Columbia, Maryland, with additional locations in Virginia, Massachusetts, and California.

What are some key products BigBear.ai offers?

BigBear.ai offers a range of products including AI and machine learning solutions, data science, advanced analytics, cybersecurity, digital engineering, and systems integration.

What recent achievements has BigBear.ai reported?

BigBear.ai reported positive financial results for Q3 2023, marking the first quarter of positive cash from operations, net income, and adjusted EBITDA. They also announced plans to acquire Pangiam.

What strategic partnerships does BigBear.ai have?

BigBear.ai collaborates with AWS, integrating AI-driven solutions like ProModel to optimize warehousing and supply chain operations.

What is BigBear.ai's role in the U.S. Army’s GFIM system?

BigBear.ai is modernizing the U.S. Army's Global Force Information Management (GFIM) system to enhance data-centric operations, force readiness, and system security.

How does BigBear.ai support decision-making?

BigBear.ai's solutions help organizations gain information superiority, manage risk, and make informed decisions by leveraging AI, advanced analytics, and data management technologies.

Is BigBear.ai a public company?

Yes, BigBear.ai is a publicly traded company listed on the New York Stock Exchange under the symbol BBAI.

Where can I find more information about BigBear.ai?

For more detailed and up-to-date information, visit BigBear.ai's official website at https://bigbear.ai/.
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BigBear.ai Holdings, Inc.

NYSE:BBAI

BBAI Rankings

#2388 Ranked by Market Cap
N/A Ranked by Dividends

BBAI Stock Data

1.22B
181.74M
27.83%
10.12%
14.88%
Information Technology Services
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United States of America
COLUMBIA