BigBear.ai Aktie News

The company posted its third-quarter results, which beat analyst estimates despite a double-digit drop in revenue. It also announced a $250 million acquisition.

BigBear.ai is losing ground today as investors continue to move out of artificial intelligence (AI) stocks. The company's valuation is also being hurt by news that crucial macroeconomic data from the government won't be forthcoming.

Amid a burgeoning artificial intelligence (AI) landscape, giving investors an overabundance of stocks trying to capitalize on the technology's potential,  BigBear.ai ( NYSE:BBAI ) delivers AI-powered analytics and decision intelligence solutions primarily for defense, government, and commercial sectors.

BigBear.ai Holdings (NYSE:BBAI) is one of the better stocks on Wall Street today, last seen up 13.8% to trade at $6.90.

BigBear.ai Holdings (NYSE:BBAI) is one of the better stocks on Wall Street today, last seen up 13.8% to trade at $6.90.

BigBear.ai stock has been a tear following the company's quarterly report at the beginning of the week. Better-than-expected sales and earnings in Q3 and news that the company is acquiring Ask Sage in a $250 million deal have powered big gains.

BigBear.ai (NYSE: BBAI stock) exploded higher Wednesday morning, surging over 20% after the defense AI company posted better-than-expected third-quarter results and unveiled a transformative $250 million acquisition of Ask Sage. The company reported Q3 revenue of $33.1 million, beating analyst estimates, while narrowing its net loss to $0.03 per share, a significant improvement from expectations.

BigBear.ai reports Q3 revenue down 20% but announces a $250 M Ask Sage AI-wrapper acquisition targeting government clients. A $376 M backlog highlights steady demand; Ask Sage could offset revenue decline and expand secure multi-LLM government integrations. A cash balance of $456.6 M enables deal closure, though dilution risk remains as operations stay unprofitable.