BigBear.ai raises 2026 revenue guidance to $150 million-$165 million as government AI demand grows
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Third-quarter revenue rose 31% to $43.6 million, and backlog climbed 22% from the prior quarter to $330 million.
BigBear.ai raised its full-year 2026 revenue guidance to $150 million to $165 million on its third-quarter earnings call on Oct. 27, The Motley Fool reported. Management called it the company’s first guidance raise; the midpoint implies 23% growth over last year.
Third-quarter revenue rose 31% from a year earlier to $43.6 million, the third straight quarter of growth. Backlog rose 22% from the prior quarter to $330 million.
New federal customers drive backlog
New enterprise customers in the quarter included the FBI, the US Coast Guard, NASA, the Department of Energy and the Department of Veterans Affairs. Chief Financial Officer Sean Ricker said about $17 million of convertible debt matures in December and the company expects to start 2027 debt-free.
Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.
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