BigBear.ai Holdings, Inc. filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission on October 28, 2026, covering the three and nine months ended September 30, 2026.

Key Highlights

  • Q3 2026 Revenue: The company reported revenues of $43,581 thousand for the three months ended September 30, 2026, compared to $33,143 thousand in the same period of 2025, according to the filing.
  • Goodwill Impairment: The filing disclosed a goodwill impairment charge of $76,737 thousand for both the three and nine months ended September 30, 2026.
  • Net Loss: The company reported a net loss of $91,854 thousand for Q3 2026, compared to net income of $2,521 thousand in Q3 2025.
  • Nine-Month Net Loss: For the nine months ended September 30, 2026, net loss totaled $174,366 thousand, versus $288,084 thousand in the prior-year period.
  • Shares Outstanding: As of October 23, 2026, there were 481,390,957 shares of common stock outstanding, the filing stated.
  • Debt Reduction: Long-term debt, net, fell to zero at September 30, 2026, from $90,484 thousand at December 31, 2025, according to the balance sheet.
  • Accumulated Deficit: The accumulated deficit stood at $1,039,921 thousand as of September 30, 2026, up from $865,555 thousand at December 31, 2025.

BigBear.ai Q3 2026 Financial Results: Revenue Growth Alongside Impairment Charge

BigBear.ai Holdings, Inc. (NYSE:BBAI), an AI-focused technology company headquartered in McLean, Virginia, reported its financial results for the quarter and nine months ended September 30, 2026 in a Form 10-Q filed October 28, 2026. According to the filing, revenues for the third quarter reached $43,581 thousand, a year-over-year increase from $33,143 thousand in Q3 2025. Gross margin for the quarter was $13,594 thousand, compared to $7,429 thousand in the prior-year period.

The company disclosed a goodwill impairment charge of $76,737 thousand in Q3 2026, which contributed significantly to an operating loss of $99,959 thousand for the quarter. The filing also reported a loss on extinguishment of debt of $15,826 thousand for the nine-month period. Selling, general and administrative expenses for the nine months ended September 30, 2026 were $92,381 thousand, up from $69,474 thousand in the comparable prior-year period. Research and development expenses rose to $18,480 thousand from $11,934 thousand over the same periods.

On the balance sheet, the company reported total assets of $757,982 thousand and total liabilities of $76,341 thousand as of September 30, 2026, compared to total assets of $894,547 thousand and total liabilities of $282,677 thousand at December 31, 2025. The filing noted that derivative liabilities decreased to $6,227 thousand from $116,906 thousand at year-end 2025. Total stockholders' equity was $681,641 thousand at September 30, 2026. The filing also noted available-for-sale investments of $208,678 thousand in current assets and $113,185 thousand in non-current assets as of the quarter-end date. The company's authorized share count increased to 1,000,000,000 shares from 500,000,000 shares between December 31, 2025 and September 30, 2026.

What Was Disclosed

BigBear.ai filed its Form 10-Q for the quarter ended September 30, 2026, disclosing revenue growth to $43,581 thousand in Q3, a $76,737 thousand goodwill impairment, a net loss of $91,854 thousand for the quarter, and a significant reduction in total liabilities compared to year-end 2025.