BigBear.ai's second quarter revenue grew 13% driven by its GenAI platform, and the company affirmed its full-year 2026 guidance.

BigBear.ai reported second quarter revenue of $36.7 million, a 13% increase from the prior year, driven by contributions from its Ask Sage GenAI platform. The company posted a net loss per share of $0.05, compared to a loss of $0.71 in the same quarter last year.

Key Highlights

• Revenue grew 13% year-over-year to $36.7 million, slightly beating analyst estimates of $36.4 million.
• Gross margin expanded significantly to 32.8% from 25.0% in the second quarter of 2025, attributed to higher-margin GenAI products.
• Total contract backlog was $269.6 million as of June 30, 2026, an increase of 9% since the end of fiscal 2025.
• The company affirmed its full-year 2026 revenue guidance of $135 million to $165 million.