Bigbear.ai, Inc. · NYSE:BBAI
Bigbear.ai — Q3 2026 Earnings Presentation
15 slides from Bigbear.ai's earnings presentation, Oct 27, 2026
Slide 1: Q3 2026 Earnings Call
Q3 2026 Earnings Call October 27, 2026 Kevin McAleenan Sean Ricker Chief Executive Officer, Chief Financial Officer Board Member © 2026 BigBear.ai, All rights reserved
Slide 2: Forward-Looking Statements
Q3 2026 E A RN I N GS C AL L Forward-Looking Statements This release 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 “Exch
Slide 3: Non-GAAP Financial Measures
Q3 2026 E A RN I N GS C AL L Non-GAAP Financial Measures The financial information and data contained in this press release is unaudited. Some of the financial information and data c ontained in this press release, such as EBITDA and Adjusted EBITDA, have not been prepared in accordance with United
Slide 4: Table of Contents
Q3 2026 E A RN I N GS C AL L Table of Contents 01 02 03 04 Q3 Momentum Strategic Focus Financial Update Looking Forward and Wins © 2026 BigBear.ai, all rights reserved
Slide 5: Another Strong Quarter
Q3 M O M EN T U M 01 Another Strong Quarter 01 REVENUE AND GUIDANCE 02 CONTRACTS 03 GROSS MARGIN 04 CASH 31% $150M– 25+ +878 bps ~$400M $165M YoY revenue growth in Q3 Raised FY26 revenue New contracts won and vs. Q3 2025 Cash and investments in guidance range announced since Q2 reserve entering Q4 T
Slide 6: My top two priorities for the remainder of the year
Q3 M O M EN T U M 01 My top two priorities for the remainder of the year continue to be delivering top-line revenue growth and pursuing M&A targets with clear potential for either rapid deployment of cutting-edge capabilities or increasing our market penetration and scale. We are executing against t
Slide 7: AI Built by Operators, for Operators
S T RA T E GI C FO C U S AND WINS 02 AI Built by Operators, for Operators A Specialized Security & Defense Technology Company 01 Mission-AI partner of choice for the U.S. Government, its allies and critical industries in the U.S. and internationally 02 Developing and deploying cutting-edge AI capabi
Slide 8: Where We Play in the AI Value Chain
S T RA T E GI C FO C U S AND WINS 02 Where We Play in the AI Value Chain We Operate Primarily Across Layer Four and Five, Where We Aim To Win Market Share THE AI V A L UE C HA I N W H ER E BI G B EA R PL A Y S 01 02 03 04 05 Physical foundation Compute Foundation models Tools and enterprise AI appli
Slide 9: Secured Two Substantial Subcontracts Supporting U.S. Customs and Border Protection
S T RA T E GI C FO C U S AND WINS 02 Secured Two Substantial Subcontracts Supporting U.S. Customs and Border Protection Homeland and Border Security · Extending Our Longstanding Work Supporting CBP’s Targeting and Systems Program Directorate S A IC U N IS S A NT Newly awarded five-year recompete tas
Slide 10: New Generative AI Platform Customers in Q3 Include…
S T RA T E GI C FO C U S AND WINS 02 New Generative AI Platform Customers in Q3 Include… Platform acquired as Ask Sage in December 2025. Provides secure access to the latest generative AI models and agentic tools, model choice from leading AI and cloud providers, secure data processing, and Federal
Slide 11: Mission-Ready AI for Critical Civilian Infrastructure
S T RA T E GI C FO C U S AND WINS 02 Mission-Ready AI for Critical Civilian Infrastructure Win Spotlight · Healthcare 01 WHY IT MATTERS Our healthcare system is part of our nation’s critical infrastructure and requires a level of operational rigor and data security similar to our security customers
Slide 12: Q3 2026 Financial Summary
F I NA N C IA L UP D A TE 03 Q3 2026 Financial Summary $ millions, except per share amounts M E TR I C Q3 2026 Q3 2025 C H AN G E M E TR I C Q3 2026 Revenue $43.6 $33.1 + 31% YoY Cash and investments (3) $399.0 Gross margin 31.2% 22.4% + 878 bps Total debt (4) $16.7 Net (loss) income (1) $(91.9) $2.
Slide 13: Raising Revenue Guidance Range for FY26
F I NA N C IA L UP D A TE 03 Raising Revenue Guidance Range for FY26 Third-quarter Performance Exceeded Expectations FY26 REVENUE G UIDANCE TWO G ROWTH DYN AMICS $150M – $165M 01 GRO WI NG TO P-LI NE RE VE NU E 3rd sequential quarter of organic revenue growth in 2026 Raised from $135 - $165M First t
Slide 14: Four Macro Tailwinds Looking to 2027
L O OK I N G F O RW A R D 04 Four Macro Tailwinds Looking to 2027 01 DEF EN SE 02 RED ES IG NED G LOB AL 03 DEM AN D FOR S ECU RE 04 PRE SS UR E O N MO DE RNI ZA TI ON TR AD E F LO WS IN TE RNA TI ON AL TR AVE L SE CU RIT Y AP PAR AT US How wars are fought is changing Requires faster cargo processin
Slide 15: Our strategy to build, deploy, and acquire catalytic technology
L O OK I N G F O RW A R D 04 Our strategy to build, deploy, and acquire catalytic technology for operators in National Security and Trade & Travel is the right strategy, at the right time. The financial opportunity for our business is clear. Our leadership, organization, and resources are fully focu