BigBear.ai Holdings (BBAI) Gross Margin (2021 - 2026)
BigBear.ai Holdings' Gross Margin came in at 32.79% for Q2 2026, up 7.81 percentage points from 24.98% a year earlier but down 1.25 percentage points from the prior quarter.
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Analysis
BigBear.ai Holdings (BBAI) Gross Margin (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, BigBear.ai Holdings reported Gross Margin of 27.92%, down 0.05 percentage points year-over-year; for FY2025, it came in at 22.31%, down 6.27 percentage points from FY2024.
- Gross Margin carries a five-year change of -5.19 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 28.58% in FY2024 (+2.41 pp), 26.17% in FY2023 (-1.57 pp), 27.74% in FY2022 (+4.33 pp) and 23.40% in FY2021 (-4.09 pp).
- The five-year range for quarterly Gross Margin is 20.32% (Q4 2025) to 37.43% (Q4 2024).
- Year-over-year, Gross Margin increased in five of the last eight quarters, with an average year-over-year change of +0.48 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q1 2026 (a gain of 12.78 percentage points), and the weakest in Q4 2025 (a drop of 17.11 percentage points).
- Business Quant data shows BBAI's Gross Margin at 34.04% (Q1 2026), 20.32% (Q4 2025) and 22.41% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 270.28 Bn | 255.35 Bn | 2.30 Bn | 67.57% |
| 2 | CrowdStrike Holdings | 244.89 Bn | 225.29 Bn | 1.10 Bn | 74.57% |
| 3 | Fortinet | 127.68 Bn | 113.61 Bn | 1.64 Bn | 80.24% |
| 4 | Snowflake | 110.11 Bn | 97.43 Bn | 1.04 Bn | 67.02% |
| 5 | Datadog | 94.53 Bn | 76.17 Bn | 881.34 Mn | 78.59% |
| 6 | Zscaler | 38.31 Bn | 24.43 Bn | - | - |
| 7 | Okta | 35.87 Bn | 25.96 Bn | 641.00 Mn | 79.63% |
| 8 | Axon Enterprise | 32.58 Bn | 27.10 Bn | 546.45 Mn | 60.42% |
| 9 | MongoDB | 29.91 Bn | 20.38 Bn | 569.77 Mn | 73.83% |
| 10 | BigBear.ai Holdings | 1.03 Bn | -385.03 Mn | 12.05 Mn | 32.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.79% |
| Mar 31, 2026 | 34.04% |
| Dec 31, 2025 | 20.32% |
| Sep 30, 2025 | 22.41% |
| Jun 30, 2025 | 24.98% |
| Mar 31, 2025 | 21.26% |
| Dec 31, 2024 | 37.43% |
| Sep 30, 2024 | 25.94% |
| Jun 30, 2024 | 27.81% |
| Mar 31, 2024 | 21.09% |
| Dec 31, 2023 | 32.09% |
| Sep 30, 2023 | 24.74% |
| Jun 30, 2023 | 23.31% |
| Mar 31, 2023 | 24.23% |
| Dec 31, 2022 | 29.20% |
| Sep 30, 2022 | 28.91% |
| Jun 30, 2022 | 25.50% |
| Mar 31, 2022 | 27.11% |
| Dec 31, 2021 | 24.54% |
| Sep 30, 2021 | 26.85% |
API Access
BigBear.ai Holdings Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=BBAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "BBAI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=BBAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();