Filing Flows › BigBear.ai Holdings (BBAI) › Q2 2026
BigBear.ai Holdings (BBAI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
BigBear.ai Holdings (BBAI) reported revenue of $36.7M for the second quarter 2026 (Q2 2026), +13% from a year earlier and +7% from the quarter before. Operating margin was -77.7%, net loss $25.7M (70.1% of revenue).
BigBear.ai Holdings, Q2 2026: revenue $36.7M (+13% year over year), operating margin -77.7%, net loss $25.7M, operating cash flow −$22.2M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $36.7M | +7% | +13% |
| Operating profit | −$28.6M | — | — |
| Net earnings | −$25.7M | — | — |
| Operating cash flow | −$22.2M | — | — |
What changed
Revenue was $36.7M in Q2 2026, up 13% year over year and up 7% from the previous quarter.
Gross margin was 32.8%, up 7.8 points from Q2 2025. Operating costs exceeded revenue by $28.6M, an operating margin of -77.7%. Operating expenses fell 59% while revenue rose 13%. The fastest-growing cost line was Research & development (+72%). The quarter ended with a net loss of $25.7M, narrower than the previous quarter's $56.8M loss.
Operating cash flow was −$22.2M. Non-cash charges added back $6.8M of depreciation and amortization and $4.7M of share-based compensation. Working capital and other items used $8.0M. Capital expenditures of $316K exceeded it, leaving free cash flow of −$22.5M.
Questions
What was BigBear.ai Holdings' revenue in the second quarter 2026?
BigBear.ai Holdings (BBAI) reported revenue of $36.7M for the second quarter 2026 (Q2 2026), +13% from a year earlier and +7% from the quarter before.
Was BigBear.ai Holdings profitable in the second quarter 2026?
Operating loss was $28.6M (-77.7% of revenue) and net loss $25.7M.