BigBear.ai Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 2, 2026
BBAI$2.32-5.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Financial Statements and Supplementary Data
BigBear.ai Holdings, Inc. and Subsidiaries
Index to Consolidated Financial Statements
| Page Number | |
|---|---|
| Reports of Independent Registered Public Accounting Firm (PCAOB ID Number 248) | 90 |
| Consolidated Balance Sheets as of December 31, 2025 and December 31, 2024 | 93 |
| Consolidated Statements of Operations and Comprehensive Loss for the Years Ended December 31, 2025, December 31, 2024 and December 31, 2023 | 94 |
| Consolidated Statements of Stockholders’ Equity (Deficit) for the Years Ended December 31, 2025, December 31, 2024 and December 31, 2023 | 95 |
| Consolidated Statements of Cash Flows for the Years Ended December 31, 2025, December 31, 2024 and December 31, 2023 | 97 |
| Notes to Consolidated Financial Statements | |
| Note 1—Description of the Business | 99 |
| Note 2—Summary of Significant Accounting Policies | 99 |
| Note 3—Restructuring Charges | 108 |
| Note 4—Business Combinations | 109 |
| Note 5—Fair Value of Financial Instruments | 113 |
| Note 6—Investments in Debt Securities | 115 |
| Note 7—Property and Equipment, net | 116 |
| Note 8—Goodwill | 116 |
| Note 9—Intangible Assets, net | 117 |
| Note 10—Prepaid Expenses and Other Current Assets | 119 |
| Note 11—Accrued Liabilities | 119 |
| Note 12—Debt | 119 |
| Note 13—Leases | 122 |
| Note 14—Income Taxes | 123 |
| Note 15—Employee Benefit Plans | 126 |
| Note 16—Commitments and Contingencies | 126 |
| Note 17—Stockholders’ Equity | 127 |
| Note 18—At-the-Money Offering | 128 |
| Note 19—Derivatives | 129 |
| Note 20—Equity-Based Compensation | 135 |
| Note 21—Net Loss Per Share | 141 |
| Note 22—Revenues | 142 |
| Note 23—Segments | 144 |
| Note 24—Subsequent Events | 145 |
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