NASDAQ:WGS 16 December 2025 - 13 January 2026

June 20, 2026, 7:30 PM EDT. BigBear.ai Holdings (NYSE: BBAI) reported flat revenue of $34.4 million in Q1 2026, despite a 1,270 basis point gross margin increase to 34%, driven by its acquisition of Ask Sage. The generative AI platform bolstered contracts with NASA and U.S. military agencies, expanding the backlog 14% to $281.9 million. However, selling, general and administrative (SG&A) expenses surged 28.6% to $29.2 million due to integration and talent costs, alongside higher R&D spending. With $431 million in cash and investments, management has a financial runway amid competition from Palantir and C3.ai. BBAI shares rose 9.5% over three months, outpacing its IT services sector but lagging broader technology indices.