Bigbear.ai, Inc. · NYSE:BBAI
Bigbear.ai — Q3 2025 Earnings Presentation
17 slides from Bigbear.ai's earnings presentation, Nov 10, 2025
Slide 1: Investor Presentation Third Quarter 2025
Investor Presentation Third Quarter 2025 Kevin McAleenan Sean Ricker CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER BOARD MEMBER 1
Slide 2: Forward Looking Statements
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 Act”) and the Priva
Slide 3: Non-GAAP Financial Information
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 investors and analysts with
Slide 4: BigBear.ai fuses artificial intelligence with deep mission expertise
BigBear.ai fuses artificial intelligence with deep mission expertise, empowering decision-makers and operators to act with speed, precision, and confidence. 44
Slide 5: BigBear.ai Announces Acquisition of Ask Sage
BigBear.ai Announces Acquisition of Ask Sage Advanced generative-AI Model-agnostic, built to Fast-growth and well- platform tailored especially for integrate with both current and penetrated, ARR grew 6X from government agencies and highly emerging AI technologies ‘24-’25, currently serving 16,000 r
Slide 6: Agenda
AG E N D A M&A Framework 01 Acquisition Rationale 02 Market Progress & Opportunity 03 Q3 2025 Balance Sheet Highlights 04 Strategic Outlook 05 6
Slide 7: Strategic Focus Areas for M&A Growth
Strategic Focus Areas for M&A Growth Disruptive AI Software for Smart & Secure National Security Travel & Trade Safeguard and strengthen national Build the most trusted platform for AI and security with AI, computer vision, and digital identity, deploying best practices decision advantage solutions
Slide 8: Strategic Fit & Rationale
Strategic Fit & Rationale Disruptive AI Software for Smart & Secure National Security Travel & Trade Safeguard and strengthen national Build the most trusted platform for AI and security with AI, computer vision, and digital identity, deploying best practices decision advantage solutions across gove
Slide 9: Ask Sage Overview
Ask Sage Overview Secure platform for AI use Reliable data and system Marketplace for AI Services and enablement in USG / DoD connectivity powered tools for custom AI apps • Zero Trust architecture with • Reliable, fact-based AI • Mission-ready AI assistants • Hands-on onboarding, granular Label-Bas
Slide 10: Ask Sage: Synergies with BigBear.ai
Ask Sage: Synergies with BigBear.ai Cross-Selling Customer Expansion A SK SA GE Tech Integration Go-to-Market 10
Slide 11: Market Progress and Opportunity
Market Progress and Opportunity Market Leadership Disruptive One Big in Travel Capabilities in Global Market Beautiful Bill & Trade National Security Reach Activation 11
Slide 12: Q3 2025 Balance Sheet Highlights
Q3 2025 Balance Sheet Highlights •Record ending cash and investments balance Cash, Investments and Total Debt ($ millions) of $715M $715 •Net positive cash and investments position; $259 almost $575M as of end of 3Q $391 •Increased cash and investments will support $457 strong offensive posture to g
Slide 13: BigBear.ai fuses artificial intelligence with deep mission expertise
BigBear.ai fuses artificial intelligence with deep mission expertise, empowering decision-makers and operators to act with speed, precision, and confidence. 13 13
Slide 14: Contact: Investors@BigBear.ai
Contact: Investors@BigBear.ai 14
Slide 15: Appendix
Appendix
Slide 16: Supplemental Non-GAAP Information
Supplemental Non-GAAP Information 16
Slide 17: Supplemental Non-GAAP Information (continued)
Supplemental Non-GAAP Information (continued) *Adjusted gross margin and Adjusted EBITDA are non-GAAP financial measures. See the “Supplemental Non-GAAP Information” section for additional information and a reconciliation. 17