Core Viewpoint - A class action lawsuit has been filed against BigBear.ai Holdings, Inc. for failing to disclose deficiencies in its accounting practices, leading to the need for restatement of financial statements [1][2][3] Group 1: Allegations and Financial Misstatements - The lawsuit alleges that BigBear maintained inadequate accounting review policies for unusual or complex transactions [2] - It is claimed that BigBear incorrectly accounted for the conversion option within the 2026 Convertible Notes, failing to bifurcate it as required [2] - The errors in accounting led to misstatements in previously issued financial statements, necessitating restatement [2][3] Group 2: Impact on Stock and Reporting - On March 18, 2025, BigBear disclosed that certain financial statements since fiscal year 2021 were unreliable and would be restated, causing a significant drop in stock price by $0.52, or 14.9%, closing at $2.97 per share [3] - The company indicated it would be unable to file its Annual Report for 2024 without unreasonable effort or expense due to the identified material error [3] Group 3: Class Action Participation - Shareholders wishing to serve as lead plaintiffs in the class action must file their papers by June 10, 2025, but participation is not required to be eligible for recovery [4] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [5]

Core Viewpoint - A class action lawsuit has been filed against BigBear.ai Holdings, Inc. for alleged accounting errors and misstatements in financial reporting during the Class Period from March 31, 2022, to March 25, 2025 [1][6] Group 1: Lawsuit Details - The lawsuit was initiated in the U.S. District Court for the Eastern District of Virginia, with investors having until June 10, 2025, to apply as lead plaintiffs [1] - The complaint alleges that BigBear failed to disclose deficiencies in its accounting review policies, leading to improper accounting for the 2026 Convertible Notes [6] Group 2: Financial Reporting Issues - On March 18, 2025, BigBear announced that certain financial statements since fiscal year 2021 should no longer be relied upon due to a material error related to the accounting treatment of the 2026 Convertible Notes [4] - The 2024 10-K filing revealed that the conversion option within the 2026 Notes was incorrectly deemed eligible for a scope exception, necessitating restatement of financial statements [5] - The restatement affected various financial metrics, including accumulated deficits, derivative liabilities, and net loss [5] Group 3: Market Reaction - Following the announcement of the financial reporting issues, BigBear's share price fell from $3.49 to $2.97 on March 18, 2025, and from $3.51 to $3.19 on March 26, 2025 [4][5]

BigBear.ai Holdings, Inc. NYSE: BBAI, an AI-powered decision intelligence provider, has seen its stock price drop since its early March earnings report, with shares falling nearly 20% to around $2.69. This extends a year-to-date (YTD) loss of approximately 39%, erasing earlier gains and leaving the share price well below its February highs. The initial trigger for the sell-off was BigBear.ai’s disappointing Q4 and full-year 2024 earnings release on March 6. However, the downward pressure has persisted due t ...

Core Viewpoint - A class action lawsuit has been filed against BigBear.ai Holdings, Inc. for allegedly making materially false and misleading statements regarding its business operations and financial reporting [1][3]. Summary by Relevant Sections Lawsuit Details - The lawsuit was filed in the United States District Court for the Eastern District of Virginia on behalf of all individuals and entities who purchased BigBear securities between March 31, 2022, and March 25, 2025 [1]. - Investors have until June 10, 2025, to apply to be appointed as lead plaintiff in the lawsuit [1]. Allegations Against BigBear - The lawsuit alleges that BigBear maintained deficient accounting review policies related to the reporting and disclosure of certain non-routine, unusual, or complex transactions [3]. - It is claimed that BigBear incorrectly determined that the conversion option within the 2026 Convertible Notes qualified for the derivative scope exception under ASC 815-40 and failed to bifurcate the conversion option as required by ASC 815-15 [3]. - As a result of these errors, BigBear allegedly misaccounted for the 2026 Convertible Notes, leading to inaccuracies in previously issued financial statements that may need to be restated [3]. - The company is said to require additional time and expense to correct these inaccuracies, increasing the risk of delays in filing financial reports with the SEC [3]. - Consequently, the public statements made by BigBear were claimed to be materially false and misleading throughout the relevant period [3].

Core Viewpoint - A securities class action lawsuit has been filed against BigBear.ai Holdings, Inc. for allegedly making materially false and misleading statements regarding its business and financial reporting during the class period from March 31, 2022, to March 25, 2025 [1] Group 1: Allegations of Misconduct - The complaint alleges that BigBear maintained deficient accounting review policies related to the reporting and disclosure of certain non-routine, unusual, or complex transactions [2] - It is claimed that BigBear incorrectly determined that the conversion option within the 2026 Convertible Notes qualified for the derivative scope exception under ASC 815 40 and failed to bifurcate the conversion option as required by ASC 815-15 [2] - The complaint states that these errors led to the misstatement of various items in previously issued financial statements, which would likely need to be restated [2] Group 2: Impact on Financial Statements - On March 18, 2025, BigBear disclosed that certain financial statements since fiscal year 2021 should no longer be relied upon and would be restated due to a material error in the accounting treatment of the 2026 Convertible Notes [3] - The company indicated that it would be unable to timely file its Annual Report for 2024 without unreasonable effort or expense [3] - Following this disclosure, BigBear's stock price fell by $0.52 per share, or 14.9%, closing at $2.97 per share on March 18, 2025 [3] Group 3: Investor Actions - Investors who purchased shares of BigBear are encouraged to contact the law firm Gainey McKenna & Egleston prior to the June 10, 2025 lead plaintiff motion deadline [4]

BOSTON, April 14, 2025 (GLOBE NEWSWIRE) -- Block & Leviton announces that a securities fraud lawsuit has been filed against BigBear.ai Holdings, Inc. (NYSE: BBAI) and certain of its executives. Investors who have lost money in their BigBear.ai investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/bbai. What is this all about? On March 18, 2025, BigBear disclosed in a filing with the SEC that certain of the Company's ...

Company Performance - BigBear.ai Holdings, Inc. (BBAI) closed at $2.81, reflecting a -1.06% change from the previous day, underperforming the S&P 500's 1.81% gain [1] - Over the past month, shares have depreciated by 13.15%, compared to the Computer and Technology sector's loss of 7.27% and the S&P 500's loss of 6.14% [1] Upcoming Financial Results - The upcoming earnings per share (EPS) for BigBear.ai is projected at -$0.06, which indicates a 72.73% increase from the same quarter last year [2] - Revenue is estimated to be $35.9 million, reflecting an 8.38% growth compared to the corresponding quarter of the prior year [2] Full Year Projections - For the full year, the Zacks Consensus Estimates project an EPS of -$0.21 and revenue of $167.2 million, representing changes of +80.91% and +5.67% from the prior year, respectively [3] Analyst Estimates - Recent changes to analyst estimates indicate a favorable outlook on the company's business health and profitability [4] - The Zacks Rank system, which assesses these estimate changes, currently ranks BigBear.ai at 4 (Sell) [6] Industry Context - The Computers - IT Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 87, placing it in the top 36% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

BigBear.ai Holdings, Inc. (BBAI) stock has lost 13.2% over the past month, underperforming the Zacks Computers - IT Services industry’s 5.3% dip and the Zacks Computer & Technology sector’s decrease of 4.2%.This small-cap company has delivered an impressive run over the past year, surging 62.3%, against the industry’s 4.1% decline. BBAI represents a pure-play on AI with its core competency in delivering decision intelligence solutions. However, the stock market's rocky start to 2025 has introduced uncertain ...

Core Insights - The article discusses the investment landscape and the potential opportunities within the market, emphasizing the importance of thorough research and analysis before making investment decisions [1]. Group 1 - The article highlights the significance of understanding market trends and company fundamentals to identify potential investment opportunities [1]. - It mentions that investors should be cautious and conduct due diligence to mitigate risks associated with market volatility [1]. - The importance of diversification in an investment portfolio is underscored, suggesting that spreading investments across various sectors can help manage risk [1].

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, March 31, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises BigBear.ai Holdings, Inc. ("BigBear" or "the Company") (NYSE: BBAI) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. BigBear investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact at ...