Overview
- BigBear.ai announced an agreement to acquire AskSage, a generative AI platform aimed at secure government use cases.
- The stock is up roughly 35% to 36% year to date in 2025 as investors focus on the acquisition-driven strategy.
- AskSage usage spans more than 16,000 government teams and hundreds of commercial customers, according to company disclosures.
- BigBear.ai reported a roughly 20% year-over-year revenue decline in the third quarter, yet market attention has shifted to prospects for future growth.
- Management has emphasized expanding through acquisitions, with analysts highlighting potential benefits from increasing government AI spending over the next few years.