Slide 1: Investor Presentation Second Quarter 2026
Investor Presentation Second Quarter 2026 Kevin McAleenan Sean Ricker Chief Executive Officer, Chief Financial Officer Board Member © 2026 BigBear.ai, All rights reserved | BigBear.ai Proprietary. 1
Slide 2: Forward-Looking Statements
D I S CL O S U R ES Forward-Looking Statements This presentation contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the “Securities Act”), the Securities Exchange Act of 1934 (the “Exchange
Slide 3: Non-GAAP Financial Information
D I S CL O S U R ES Non-GAAP Financial Information This presentation includes financial measures that are not in accordance with generally accepted accounting principles (“GAAP”), such as EBITDA, Adjusted EBITDA, and Adjusted Gross Margin. We believe these non-GAAP financial measures provide investo
Slide 4: Strong Quarter
SE CO ND QU AR TE R 2 02 6 / C EO O VER VI EW Strong Quarter “We are fully focused on following through on hitting our targets and continuing to earn investor trust… We continue to win new contracts in the U.S. and abroad.” 01 02 03 Q2 Revenue Growth 20+ New Contracts Product Enhancements +13% YoY ◆
Slide 5: Assumptions Are Playing Out
ST RA TE GIC C ON TEX T | MAC RO T REN DS Assumptions Are Playing Out CEO & LEADERSHIP FOCUS FOR H2 Great Power 01 Competition, Rolling Deliver topline revenue Regional Conflicts 1 growth committed Domestic Threat 02 Landscape Far More Dynamic Accelerate hunt for accretive 2 M&A and move fast 03 Glo
Slide 6: Most companies today are searching to find their place in a world being redesigned by AI
“Most companies today are searching to find their place in a world being redesigned by AI. BigBear.ai does not face that problem. Applied AI is at the very center of our value proposition and growth strategy. The operators we serve know this.”
Slide 7: Win: New CargoSeer Contract in El Salvador
P RO D U CT MO M EN T U M | T R A DE & T RA V E L 01 Win: New CargoSeer Contract in El Salvador First deployment in Central America brings cargo x-ray, imagery, documents and trade data into single workflow. 12-MONTH PILOT COMPLETE CO MM ER CIA L DE PLO YM EN T 01 Proof of concept, in-country El Sal
Slide 8: Reading a Scan Like a Doctor Reads an X-Ray
P RO D U CT MO M EN T U M | G E N ER A L U SE - C AS E FO R C A RG O S EE R *Images for illustration purposes only* 01 Reading a Scan Like a Doctor Reads an X-Ray Alongside Patient History AI + computer vision compares vs. trade data; flags anomalies with speed and explainability CargoSeer AI + comp
Slide 9: Win: Naval Air Systems Command (NAVAIR)
P RO D U CT MO M EN T U M | G E N ER A TI V E A I P R OD U C TS & P LA T F OR M S 02 Win: Naval Air Systems Command (NAVAIR) Proud to provide mission-ready generative AI for the U.S. Navy & Marine Corps TECHNOLOGY APPLICATION CONFIDENTIAL CU ST OM ER DE PL OYM EN T 01 Includes rapid software develop
Slide 10: Expanded offering for DoW and other departments in July
P RO D U CT MO M EN T U M | G E N ER A L G EN E R AT I VE A I U SE CA S E *Images for illustration purposes only* 02 Expanded offering for DoW and other departments in July One platform across connected and air-gapped environments — deployable up to Top Secret BOTH CLO UD- CO NNEC TE D… Access broad
Slide 11: One Operator, Many Drones: ConductorOS in the Field
P RO D U CT MO M EN T U M | D R O NE OR C HE S T RA T IO N *Images for illustration purposes only* 03 One Operator, Many Drones: ConductorOS in the Field Customer problem: massive data volume = serious cognitive burden ConductorOS Transforms one operator into the command center for multi-vendor flee
Slide 12: Financial Performance
FI NA NC IAL S | SEC ON D QUA RT ER 20 26 Financial Performance 13% revenue growth, gross-margin expansion, strong balance sheet RE VE NU E GR OS S MA RG IN NE T LO SS AD J. E BI TD A CA SH & I NV ES TM EN TS $36.7M 32.8% $(25.7)M $(11.6)M $410M ▲ 13% YoY ▲ 781 bps YoY ▲ improved vs ▼ vs $(8.5)M for
Slide 13: CMMC Level 2 Achieved Ahead of Schedule
EX EC UT ION R IG OR CMMC Level 2 - Achieved Ahead of Schedule Gold-standard cybersecurity milestone reached in July 2026, well ahead of plan C ER T IF I CA TI O N W HY IT MA TT E RS CMMC ◆ Verifies advanced controls against sophisticated cyber threats – Level 2 achieved well ahead of schedule. ◆ Va
Slide 14: Investing In Strengths As Specialized Defense & Security Technology Company
ST RA TE GY | PO SIT IO NI NG Investing In Strengths As Specialized Defense & Security Technology Company Delivering mission-ready AI to two growing markets with three differentiators TWO CORE MAR KETS THR EE DIF FEREN TIAT ORS National Security 1 Deep mission understanding Decision and operational
Slide 15: CEO closing statement
CL OS IN G “I believe that as attention moves away from legacy technology and legacy defense to the parts of the AI economy where implementation is vital – not a promise for the future – BigBear.ai will win. We operate equally well as a new defense & security technology prime, because we have deep c
Slide 16: Thank You
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