5 days ago
BigBear.ai Cuts 2025 View After Weak Q2
(NYSE:BBAI) sank about 20% after hours as a tough Q2 and a sharp guidance cut swamped the company posted a loss per share of $0.71 versus a consensus loss of $0.06. Revenue was $32.5 million, down 18% year over year and below the $40.58 million estimate.
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Full year 2025 revenue is now pegged at $125 million to $140 million, cut from $160 million to $180 million. Management blamed federal contracting disruptions and said recent capital raising lines up with opportunities tied to the One Big Beautiful Bill, especially at the Department of Homeland Security.
CEO Kevin McAleenan said efficiency efforts have disrupted programs that support the U.S. Army as it consolidates and modernizes data architecture. That backdrop drove the guide down. sells AI powered software that helps clients analyze data, spot blind spots and predict outcomes, but near term visibility just got tougher.
a big earnings miss and a sizable guide cut refocus investors on execution, award timing and next proof points are federal award flow and Q3 pacing updates that can reset confidence in 2025 targets.
This article first appeared on GuruFocus.
