# BigBear.ai Raises Revenue Outlook While Reporting Quarterly Loss

The defense technology company reported higher sales, alongside a $76.7 million goodwill impairment.

By Will Langan | 24X7 News
Published: 2026-10-27T22:10:13.707Z
Updated: 2026-10-27T22:10:13.707Z
Section: Technology
Format: News
Canonical: https://24x7news.us/articles/bigbear-ai-third-quarter-results-october-27-2026

BigBear.ai reported October 27 that third-quarter revenue increased 31% to $43.6 million, but a large noncash charge contributed to a $91.9 million net loss.

The loss compares with net income of $2.5 million in the same quarter of 2025. The company attributed much of the deterioration to a $76.7 million goodwill impairment charge, according to its quarterly results announcement.

The security and defense technology company said revenue growth was substantially driven by its generative-AI platform, acquired as Ask Sage in December 2025. Gross margin increased to 31.2% from 22.4%.

BigBear.ai raised its 2026 revenue forecast to $150 million–$165 million, a projection rather than completed sales.

It also reported approximately $330 million in backlog at September 30, of which about 23% was funded. Its separate contract-value figures include unexercised options and ceiling amounts, so they do not represent guaranteed revenue or fully funded orders.

The results cover the quarter ended September 30 and were released with unaudited financial statements.

Sources
BigBear.ai quarterly results announcement, October 27, 2026: https://www.businesswire.com/news/home/20261027936657/en/BigBear.ai-Announces-Third-Quarter-2026-Results-and-Raises-FY-2026-Revenue-Guidance

## Sources
- BigBear.ai — third-quarter 2026 results, Business Wire: https://www.businesswire.com/news/home/20261027936657/en/BigBear.ai-Announces-Third-Quarter-2026-Results-and-Raises-FY-2026-Revenue-Guidance