BigBear.ai Holdings, Inc. (BBAI) intrinsic value & 10-year financials
BigBear.ai Holdings, Inc. (BBAI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 9.6% a year to $127.7M, with an average return on invested capital of -49.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $2.16
- Market cap
- $775.0M
- Revenue (FY2025)
- $127.7M
- Revenue growth (8-yr CAGR)
- 9.6%
- ROIC (10-yr avg)
- -49.1%
- Free cash flow (FY2025)
- -$42.5M
BBAI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $127.7M | -$293.9M | -$0.82 | -$42.5M | -167.5% | -54.6% |
| FY2024 | $158.2M | -$295.5M | -$1.27 | -$38.6M | -84.3% | -173.9% |
| FY2023 | $155.2M | -$60.4M | -$0.40 | -$18.3M | -25.2% | -37.0% |
| FY2022 | $155.0M | -$121.7M | -$0.95 | -$49.7M | -71.3% | -54.9% |
| FY2021 | $145.6M | -$123.6M | -$1.15 | -$20.4M | -53.9% | -45.4% |
| FY2020 | $139.0M | — | — | — | — | — |
| FY2019 | $73.6M | $6.2M | — | $4.1M | 8.7% | 71.4% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BigBear.ai Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
BigBear.ai Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -38.7% ROIC.
BigBear.ai Holdings, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BigBear.ai Holdings, Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-17.33 per share.