Why BigBear.ai Stock Is Skyrocketing Today
BigBear.ai (BBAI) stock has soared 66% year to date, driven by recent strong earnings and acquisition news. On Wednesday, shares climbed 13.4% by noon ET, reaching gains as high as 22.4% earlier in the day.
Strong Quarterly Results
After Monday’s market close, BigBear.ai released its third-quarter report showing sales and earnings surpassing Wall Street expectations. Revenue totaled $33.14 million, exceeding the average analyst forecast by $1.3 million, despite a 20% year-over-year decline. The company reported a loss of $0.03 per share, beating estimates by $0.04.
Strategic Acquisition Boost
Along with earnings, BigBear.ai announced a $250 million acquisition of Ask Sage. Investors and analysts believe this deal will enhance BigBear.ai’s capabilities in generative artificial intelligence (AI) and help secure additional government contracts.
“Investors and analysts are betting that the Ask Sage acquisition will help BigBear.ai strengthen its position in generative artificial intelligence (AI) and win more government contracts.”
Market Context
Investors have pushed valuations higher this year for defense AI-related companies, reflected in BigBear.ai’s increasing multiples. However, despite the bullish sentiment, the company’s overall business performance has declined significantly in 2025.
Summary
BigBear.ai’s stock surge reflects investor optimism fueled by strong quarterly beats and a key acquisition, even as the company faces operational challenges this year.