Growth Metrics

BigBear.ai Holdings (BBAI) Gross Margin (2021 - 2026)

BigBear.ai Holdings' Gross Margin history spans 5 years, with the latest figure at 20.32% for Q4 2025.

  • On a quarterly basis, Gross Margin fell 1711.0% to 20.32% in Q4 2025 year-over-year; TTM through Dec 2025 was 22.31%, a 627.0% decrease, with the full-year FY2025 number at 22.31%, down 627.0% from a year prior.
  • Gross Margin hit 20.32% in Q4 2025 for BigBear.ai Holdings, down from 22.41% in the prior quarter.
  • Over the last five years, Gross Margin for BBAI hit a ceiling of 37.43% in Q4 2024 and a floor of 20.32% in Q4 2025.
  • Historically, Gross Margin has averaged 26.09% across 5 years, with a median of 25.37% in 2022.
  • Biggest five-year swings in Gross Margin: surged 534bps in 2024 and later tumbled -1711bps in 2025.
  • Tracing BBAI's Gross Margin over 5 years: stood at 24.54% in 2021, then grew by 19bps to 29.2% in 2022, then increased by 10bps to 32.09% in 2023, then rose by 17bps to 37.43% in 2024, then crashed by -46bps to 20.32% in 2025.
  • Business Quant data shows Gross Margin for BBAI at 20.32% in Q4 2025, 22.41% in Q3 2025, and 24.98% in Q2 2025.