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BigBear.ai Stock Surges on Acquisition News and Strong Q3 Results

BigBear.ai Stock Surges on Acquisition News and Strong Q3 Results

Author:

Global Cryptocurrency

Published:

2025-11-11 11:29:02

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BTCCSquare news:

BigBear.ai Holdings (BBAI) shares rallied 23% in pre-market trading following robust Q3 earnings and the announcement of its $250 million acquisition of generative AI platform Ask Sage. The deal, set to close by early 2026, aims to bolster BigBear.ai's capabilities in secure AI solutions for defense and national security sectors.

Revenue for Q3 declined 20% year-over-year to $33.1 million due to reduced U.S. Army project work, yet surpassed analyst estimates of $31.81 million. Net loss narrowed to $0.03 per share, outperforming both expectations ($0.07) and the prior year's $0.06 loss, signaling operational improvements.

Ask Sage is projected to contribute $25 million in annual recurring revenue by 2025. BigBear.ai now forecasts full-year 2025 revenue between $125 million and $140 million, leveraging merger synergies to expand its footprint in regulated industries like border security.

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