BigBear.ai Holdings, Inc. Q3 2026 Earnings Recap

Shares rose 4.7% after BigBear.ai reported 31% year-over-year revenue growth and raised its 2026 revenue guidance. The company also cited improved gross margins and more than $225 million in contract value from recently announced wins.

Key Takeaways

• Revenue grew 31% year over year, marking a third consecutive quarter of growth.
• BigBear.ai raised its 2026 revenue guidance to $150 million–$165 million; the company said reaching the midpoint would represent 23% growth over 2025.
• Gross margin increased 878 basis points year over year.
• The company said it had won and announced more than 25 contracts since the second quarter, representing over $225 million in contract value.
• BigBear.ai entered the fourth quarter with $400 million in cash and investments; management identified revenue growth and pursuing M&A as priorities for the rest of the year.