BigBear.ai Stock Surges 23% on Acquisition and Q3 Earnings Beat
BigBear.ai (BBAI) saw its shares rise 23% in pre-market trading on November 11, 2025, following better-than-expected third-quarter results and the announcement of a major acquisition.
Q3 Financial Performance
The company reported third-quarter revenue of $33.1 million, a 20% decrease compared to $41.51 million in the same period last year. The decline was mainly due to reduced work on U.S. Army projects. Despite this, revenue surpassed analyst estimates of $31.81 million.
BigBear.ai's quarterly loss was $0.03 per share, outperforming the consensus estimate of a $0.07 loss and improving from a $0.06 loss per share in Q3 2024. This improvement reflects better cost management and operational efficiency.
Ask Sage Acquisition
The company announced plans on November 10, 2025, to acquire Ask Sage for $250 million, with the deal expected to close in early 2026.
"Ask Sage brings approximately $25 million in annual recurring revenue to the table. The generative AI platform focuses on secure solutions for government clients."
2025 Revenue Guidance
BigBear.ai raised its revenue guidance for 2025 to a range between $125 million and $140 million.
Market Reaction
- Shares jumped 23% in pre-market trading on November 11, 2025.
- Q3 results and acquisition news contributed to the strong market response.
$BBAI (BigBear ai) #earnings are out: pic.twitter.com/N7pBH8ydMb — The Earnings Correspondent (@earnings_guy) November 10, 2025
Summary: BigBear.ai’s Q3 earnings beat expectations despite revenue decline, while the $250 million Ask Sage acquisition and raised 2025 guidance fueled a strong stock rally.
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