BigBear AI's Acquisition Boosts Stock, Despite Revenue Drop
Update: 2025-11-11
Description
BigBear AIs stock surged by over thirteen percent in after-hours trading following strong Q3 results and a major acquisition. Despite a twenty percent revenue drop, the company reported a smaller loss per share than expected and announced the acquisition of Ask Sage, a generative AI platform for defense and national security, for $250 million. This acquisition is projected to generate $25 million in annual recurring revenue by 2025, and BigBear AI maintains its revenue forecast for the full year 2025, expecting between $125 and $140 million. The company remains optimistic about new business opportunities in border security and defense.
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