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BigBear.ai Reports Wider Loss but Hints at Recovery

5/2/2025

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Summary

Story summary

BigBear.ai faced a steeper-than-expected loss of 25 cents per share in Q1 2025, overshadowing the anticipated 6-cent loss. Revenue fell short at $34.76 million, below the $36.26 million forecast. Yet, the company showed signs of recovery, with net losses shrinking to $62 million from $127.8 million last year. CEO Kevin McAleenan remains hopeful, projecting revenues between $160-$180 million for the fiscal year.

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Story summary

BigBear.ai faced a steeper-than-expected loss of 25 cents per share in Q1 2025, overshadowing the anticipated 6-cent loss. Revenue fell short at $34.76 million, below the $36.26 million forecast. Yet, the company showed signs of recovery, with net losses shrinking to $62 million from $127.8 million last year. CEO Kevin McAleenan remains hopeful, projecting revenues between $160-$180 million for the fiscal year.