Overview
- Shares trade near $5.40, up about 160% over 12 months yet well below the $10.36 52‑week high and roughly 40% off the October peak.
- Revenue fell 18% year over year in Q2 to $32.5 million and declined 20% in Q3 to $33.1 million, which the report ties to cuts in federal spending.
- The company remains unprofitable despite what the article describes as a solid balance sheet, and management guides for a sales rebound next year.
- BigBear.ai agreed in November to buy Ask Sage, a secure generative‑AI platform used by government teams, with closing targeted by early 2026.
- Ask Sage reports about $25 million in 2025 ARR across roughly 160,000 government teams, and BigBear.ai plans cross‑selling while flagging potential contract wins tied to increased government AI funding.