BigBear said the restatement was related to the accounting presentation of convertible debt which is due in 2026.
BigBear.ai's (BBAI -1.42%) stock has struggled since the company's public debut on Dec. 8, 2021. The artificial intelligence (AI) software company went public by merging with a special purpose acquisition company (SPAC), and its shares opened at $9.84.
In the most recent trading session, BigBear.ai Holdings, Inc. (BBAI) closed at $3.49, indicating a -1.13% shift from the previous trading day.
Artificial intelligence (AI) stocks have been battered along with the broader stock market recently as worries about the near-term outlook weigh on the minds of investors. Their fears have largely been prompted by concerns about how President Donald Trump's tariff and trade war plans will impact the U.S. economy.
BigBear.ai remains expensive with minimal growth prospects, worsened by the ongoing cash burn and potential volatilities, despite the ongoing AI SaaS boom and recent contract wins. The company's gross profit margins and EBITDA margins are underwhelming, with the ongoing dilutive capital raises/higher SBCs impacting long-term shareholder value. Consensus estimates project continued unprofitability, contributing to the stock's steep correction during the market-wide selloff.
Shares of BigBear.ai (BBAI 2.83%) were slammed following its fourth-quarter earnings report, retracing its gains from last month after the company announced an important U.S. Department of Defense (DoD) contract. The stock is now down about 25% on the year.
BigBear.ai Holdings, Inc. (BBAI) reachead $3.18 at the closing of the latest trading day, reflecting a +1.27% change compared to its last close.
Bigbear.ai stock suffers from wider-than-expected loss and a weak 2025 outlook despite securing key government AI contracts.
HC Wainwright analyst Scott Buck reiterated the Buy rating on BigBear.ai BBAI, lowering the price forecast to $6 from $7.
BigBear.ai Holdings (BBAI -22.86%) stock collapsed in a 24% rout (through 10:35 a.m. ET) this morning after missing badly on both the top and bottom lines last night.
The stock fell by over 12% during the day on March 6, 2025, in anticipation of the earnings release and continued to decline in the aftermarket, reaching a total drop of close to 25%. This extended the company's losses to over 35% since mid-February, reversing a significant rally from earlier in the year.
Artificial intelligence (AI) has transformed from a behind-the-scenes technology to an essential part of our daily experience. While earlier AI milestones -- like DeepMind's AlphaGo victory over the world Go champion in 2016 -- created temporary public interest, they didn't fundamentally change how most people interacted with technology.