Can BigBear.ai Ride the AI Defense Wave to Profitability?

Key Takeaways BBAI's Q1 revenue of $34.8 million grew 5% year over year, driven by defense and homeland security contracts. A $385 million backlog and $108 million cash position signal growth, despite a $62 million quarterly net loss. Investments in Orion, Pangiam, and veriScan show progress, but profitability remains elusive.BigBear.ai Holdings, Inc. (BBAI) is positioning itself at the intersection of artificial intelligence and national security, an increasingly lucrative niche. In first-quarter 2025, t ...