Key Takeaways

BigBear.ai ( BBAI ) shares sank more than 20% Friday, a day after the provider of AI-powered predictive analytics reported a wider-than-expected loss and issued an outlook that disappointed.

The McLean, Va.-based company reported a fourth-quarter net loss of $108 million—more than five times wider than its loss in the same period a year earlier—or 43 cents per share. Analysts polled by Visible Alpha were expecting a loss of just $10.6 million, or 4 cents per share.

BigBear.ai's quarterly revenue of $43.8 million was also short of estimates.

BigBear.ai's 2025 Outlook Disappoints

For 2025, the firm expects revenue between $160 million and $180 million, and "negative single digit millions" adjusted EBITDA . Analysts were expecting full-year revenue of $190 million and adjusted EBITDA of $3.9 million.

"In the event that some form of US Government shutdown was to take place in 2025, or a substantial shift in government national security priorities, BigBear.ai would review its guidance as part of prudent financial planning and its efforts to build a long-term sustainable business," the company said.

BigBear.ai shares plummeted 21% intraday Friday to $3.31 per share, moving into negative territory over the past 12 months. They had traded as high as $10.36 as recently as Feb. 13.

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