Core Viewpoint - A class action lawsuit has been filed against BigBear.ai Holdings, Inc. for violations of federal securities laws, specifically related to misleading financial statements and inadequate accounting review policies [1][2] Group 1: Lawsuit Details - The lawsuit alleges that BigBear made false and misleading statements regarding its accounting practices, particularly concerning the conversion option in its 2026 Convertible Notes [2] - The company is accused of failing to comply with Accounting Standards Codification (ASC) 815-40 and ASC 815-15, leading to misstated financial statements that will require restatement [2] Group 2: Shareholder Information - Shareholders who purchased BigBear's securities between March 31, 2022, and March 25, 2025, are encouraged to contact the law firm before June 10, 2025, to participate in the lawsuit [1][2]

Core Viewpoint - BigBear.ai has experienced significant volatility in its stock price, with a 142% increase over the past year, but has recently faced a 24% decline in the last three months, raising concerns about its growth potential and profitability [1][2]. Group 1: Sales Performance - BigBear.ai's revenue growth has been disappointing, with only a 5% year-over-year increase to $34.8 million in the most recent quarter, and flat revenue in 2023 with a projected 7% increase for the current year [4][5]. - In comparison, Palantir Technologies, another AI data analytics company, achieved a 29% sales growth last year, highlighting BigBear.ai's underperformance in a rapidly growing market [5]. Group 2: Profitability Concerns - The company reported an adjusted EBITDA loss of $7.0 million in the first quarter, worsening from a loss of $1.6 million in the same quarter the previous year, indicating ongoing financial struggles [6][7]. - Increased research and development expenses, along with rising selling, general, and administrative costs, are contributing to the company's inability to achieve profitability [7]. Group 3: Leadership Instability - BigBear.ai has undergone significant leadership changes, having three CEOs in the past four years, which raises concerns about the company's strategic direction and stability [8][9]. - The current CEO, Kevin McAleenan, has been in position since January and has a background in government, which may influence the company's ability to secure government contracts, but stability in leadership is crucial for long-term success [9]. Group 4: Investment Outlook - Given the combination of weak sales growth, ongoing losses, and leadership changes, the current outlook for BigBear.ai suggests it is not a favorable investment opportunity in a market with more compelling AI stocks [10].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased BigBear.ai Holdings, Inc. securities between March 31, 2022, and March 25, 2025, of the June 10, 2025, deadline to become a lead plaintiff in a class action lawsuit [1] Group 1: Class Action Details - Investors who purchased BigBear.ai securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court by June 10, 2025, to serve as lead plaintiff [2] - The lead plaintiff acts on behalf of other class members in directing the litigation [2] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has been ranked highly for its performance in this area [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3] Group 3: Case Allegations - The lawsuit alleges that BigBear.ai made false and misleading statements and failed to disclose deficiencies in its accounting review policies [4] - Specific issues include improper accounting for the 2026 Convertible Notes and the likelihood of needing to restate previously issued financial statements [4] - The inaccuracies in financial statements increased the risk of delays in filing reports with the SEC, leading to material misstatements in public disclosures [4]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against BigBear.ai Holdings, Inc. due to allegations of violations of federal securities laws, particularly concerning misleading financial statements and accounting practices [2][4]. Group 1: Allegations and Financial Impact - The complaint alleges that BigBear maintained deficient accounting review policies, leading to incorrect determinations regarding the 2026 Convertible Notes and improper accounting practices [4]. - As a result of these errors, BigBear's financial statements since fiscal year 2021 are deemed unreliable and will require restatement, increasing the risk of delayed filings with the SEC [4][6]. - Following the announcement of the delayed filing of its 2024 10-K, BigBear's stock price fell approximately 15%, from $3.49 on March 17, 2025, to $2.97 on March 18, 2025 [5]. - After the filing of the restated 2024 10-K, the stock price declined further by about 9%, from $3.51 on March 25, 2025, to $3.19 on March 26, 2025 [7]. Group 2: Legal Proceedings and Investor Actions - Investors who suffered losses in BigBear.ai between March 31, 2022, and March 25, 2025, are encouraged to discuss their legal rights and options with Faruqi & Faruqi [1]. - There is a June 10, 2025, deadline for investors to seek the role of lead plaintiff in the federal securities class action against BigBear [2]. - The lead plaintiff is defined as the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [8].

Core Viewpoint - A lawsuit has been filed against BigBear.ai Holdings, Inc. and its senior executives for potential violations of federal securities laws, specifically under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1][2]. Company Overview - BigBear.ai is an AI-driven technology solutions company that focuses on operationalizing AI through data analysis in sectors such as national security, supply chain management, and digital identity and biometrics [3]. Financial Events - BigBear.ai went public through a SPAC transaction, merging with GigCapital4 Merger Sub Corporation and subsequently with GigCapital4, Inc. The company issued $200 million in unsecured convertible notes with a maturity date of December 15, 2026 [4]. - The company improperly accounted for the 2026 Convertible Notes, leading to misstatements in its financial statements [4]. Stock Performance - On March 18, 2025, BigBear.ai announced a delay in filing its 2024 10-K, stating that prior financial statements since fiscal year 2021 should not be relied upon, resulting in a stock price decline of approximately 15%, from $3.49 to $2.97 per share [5]. - Following the filing of the restated 2024 10-K on March 25, 2025, which revealed a material weakness in internal controls, the stock price fell about 9%, from $3.51 to $3.19 per share [6].

Core Viewpoint - A class action securities lawsuit has been filed against BigBear.ai Holdings, alleging securities fraud that affected investors between March 31, 2022, and March 25, 2025 [1]. Group 1: Lawsuit Details - The complaint alleges that BigBear.ai Holdings maintained deficient accounting review policies related to the reporting and disclosure of certain non-routine, unusual, or complex transactions [2]. - It is claimed that the Company 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 alleged accounting errors caused BigBear to misstate various items in several previously issued financial statements, which are likely to require restatement [2]. - The inaccuracies in financial statements increased the risk that the Company would be unable to timely file certain financial reports with the SEC [2]. - As a result, the Company's public statements were materially false and misleading during the relevant time [2]. Group 2: Next Steps for Investors - Investors who suffered losses in BigBear.ai Holdings during the relevant time frame have until June 10, 2025, to request the Court to appoint them as lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky has a track record of securing hundreds of millions of dollars for aggrieved shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - BigBear.ai Holdings, Inc. (NYSE: BBAI) is facing a class action lawsuit due to allegations of issuing materially false and misleading statements during the class period from March 31, 2022, to March 25, 2025 [3]. Summary by Relevant Sections - **Allegations Against BigBear.ai**: The complaint claims that BigBear had deficient accounting review policies, leading to incorrect accounting for the 2026 Convertible Notes. This resulted in misstated financial statements that may require restatement, increasing the risk of delayed filings with the SEC [3]. - **Class Period and Registration**: Shareholders who purchased BBAI shares during the specified class period are encouraged to register for the class action. The deadline for registration is June 10, 2025, and there is no cost to participate [4]. - **Role of Gross Law Firm**: The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud. The firm aims to recover losses incurred by investors due to misleading statements or omissions by companies [5].

Core Insights - The article compares two companies, BigBear.ai Holdings Inc. (BBAI) and Palantir Technologies Inc. (PLTR), both of which operate in the AI and defense technology sectors, focusing on their capabilities and investment potential [1][3]. Company Overview - BigBear.ai specializes in predictive analytics and autonomous systems for defense and intelligence agencies, while Palantir offers comprehensive data integration and analysis platforms for both government and commercial clients [2]. - Both companies aim to leverage AI for enhancing national security and defense applications [2]. Financial Performance - BigBear.ai's contract backlog reached $385 million at the end of Q1 2025, a 30% increase year-over-year, indicating a strong pipeline for future revenue [5]. - Palantir's revenue surged 39% year-over-year to $884 million in Q1 2025, with U.S. revenue increasing by 55%, showcasing robust demand for its AI solutions [12]. - Palantir has raised its full-year 2025 revenue outlook to $3.89–3.90 billion, reflecting a 36% year-over-year growth [12]. Key Contracts and Initiatives - BigBear.ai secured a 3.5-year, $13.2 million contract to enhance the Pentagon's ORION analytics platform [4]. - Palantir's Project Maven work has exceeded $1 billion, marking its first billion-dollar contract, and it is involved in the Pentagon's Open DAGIR initiative [10]. Stock Performance - BigBear.ai's stock has declined 7% year-to-date in 2025, while Palantir's stock has increased by 63.6% during the same period [14]. - BigBear.ai's stock has shown signs of recovery with a 21.4% gain over the past month [14]. Valuation Metrics - BigBear.ai trades at a forward price-to-sales ratio of 6.87, significantly higher than its three-year median of 1.9 [16]. - Palantir's valuation is stretched, trading at approximately 66.85 times its forward price-to-sales ratio [16]. Earnings Estimates - The Zacks Consensus Estimate indicates a narrower loss for BigBear.ai in 2025, while Palantir is expected to achieve earnings of 59 cents per share for the current year [18][21].

Core Viewpoint - A lawsuit has been filed against BigBear.ai Holdings, Inc. and certain senior executives for potential violations of federal securities laws, specifically under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [1][2]. Company Overview - BigBear.ai is an AI-driven technology solutions company that focuses on operationalizing AI through data analysis in sectors such as national security, supply chain management, and digital identity and biometrics [3]. Financial Misstatements - Following its public listing via a SPAC transaction, BigBear.ai issued $200 million in unsecured convertible notes, which were improperly accounted for, leading to misstatements in several financial statements [4]. - The company delayed the filing of its 2024 10-K, indicating that prior financial statements since fiscal year 2021 should not be relied upon and would be restated, resulting in a stock price decline of approximately 15% [5]. - After the restatement of its consolidated financial statements, BigBear.ai's stock price fell roughly 9% due to the disclosure of a material weakness in internal controls over financial reporting [6].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased BigBear.ai Holdings, Inc. securities between March 31, 2022, and March 25, 2025, of the June 10, 2025, deadline to serve as lead plaintiff in a class action lawsuit [1][2] Group 1: Class Action Details - A class action lawsuit has been filed against BigBear.ai for making false and misleading statements regarding its accounting practices and financial disclosures [4] - The lawsuit alleges that BigBear.ai maintained deficient accounting review policies and improperly accounted for the 2026 Convertible Notes, leading to inaccurate financial statements that may need to be restated [4] - Investors are encouraged to join the class action without any out-of-pocket fees through a contingency fee arrangement [1][2] Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements in the past, including the largest securities class action settlement against a Chinese company at the time [3] - Investors can join the class action by submitting a form or contacting the firm directly for more information [2][5]