BigBear.ai Shares Plunge 6% Amid Weak Earnings and Dilution Fears
BigBear.ai Holdings Inc. (BBAI) tumbled 6.3% to $5.975 after reporting dismal Q3 results, with revenue crashing 20% year-over-year to $33.1 million. Government contract shortfalls drove the miss, while adjusted EBITDA flipped to a $9.4 million loss—a stark reversal from last year’s $0.9 million profit.
Investors balked at the dual pressures of deteriorating fundamentals and dilution risks. The AI analytics firm raised $293 million through equity offerings in 2025, coinciding with a December MOVE to double its authorized shares to 1 billion. With a beta of 3.2, the stock remains hypersensitive to sector-wide AI selloffs.