BigBear.ai Holdings, Inc. Earnings Recaps
Q1 2026
May 6, 2026
The market rewarded BigBear.ai’s first quarter report with a 4.8% gain, driven by strong contract wins across national security and trade and travel segments, improving backlog, and better gross margins that collectively outpaced investor expectations.
Key takeaways
- Signed a large classified sole-source intelligence community contract valued at approximately $53 million over two years, solidifying prime contractor status.
- Secured $7 million in trade and travel contracts deploying Veriskan and TruPaste technology at Chicago O’Hare and Dallas Fort Worth airports.
- Won significant shipbuilding-related contracts with Chantier Davie and Bollinger Shipyards, supporting a robust market backed by $65.8 billion in naval funding requests.
- Backlog increased 14% quarter-over-quarter to $281.9 million, reflecting strong sales execution and pipeline health.
- Reported substantial gross margin improvement, aiding profitability alongside revenue growth.