BigBear.ai Holdings (BBAI) Net Margin (2021 - 2026)
BigBear.ai Holdings' Net Margin was -210.77% in Q3 2026, down 218.37 percentage points from 7.61% a year earlier and down 140.70 percentage points from the prior quarter.
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Analysis
BigBear.ai Holdings (BBAI) Net Margin (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, BigBear.ai Holdings' Net Margin was -126.84% through Sep 30, 2026, up 168.77 percentage points year-over-year; for FY2025, it came in at -230.21%, down 43.43 percentage points from FY2024.
- Net Margin shows a four-year change of -145.34 percentage points (FY2021 to FY2025).
- In earlier years, Net Margin was -186.78% in FY2024 (-141.24 pp), -45.54% in FY2023 (+26.31 pp), -71.84% in FY2022 (+13.03 pp) and -84.87% in FY2021.
- The Q3 2026 figure marks the lowest quarterly Net Margin since Q2 2025.
- Compared with a year earlier, Net Margin was higher in five of the last eight quarters, with an average year-over-year change of +6.19 percentage points.
- The best year-over-year quarter for Net Margin over five years was Q2 2026 (a gain of 633.98 percentage points); the worst was Q2 2025 (a drop of 667.76 percentage points).
- Per Business Quant data, BBAI's Net Margin in the three quarters before Q3 2026 was -70.07% (Q2 2026), -164.84% (Q1 2026) and -21.36% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 235.00 Bn | 220.07 Bn | 2.30 Bn | -8.27% |
| 2 | CrowdStrike Holdings | 221.18 Bn | 201.58 Bn | 1.10 Bn | 0.36% |
| 3 | Snowflake | 96.49 Bn | 83.81 Bn | 1.04 Bn | -12.39% |
| 4 | Fortinet | 87.26 Bn | 71.51 Bn | 1.64 Bn | 30.58% |
| 5 | Datadog | 64.27 Bn | 44.82 Bn | 959.92 Mn | 9.88% |
| 6 | Zscaler | 31.67 Bn | 17.82 Bn | 689.22 Mn | -0.38% |
| 7 | Okta | 29.42 Bn | 19.51 Bn | 641.00 Mn | 14.41% |
| 8 | Axon Enterprise | 25.30 Bn | 19.82 Bn | 546.45 Mn | 3.25% |
| 9 | MongoDB | 25.20 Bn | 15.67 Bn | 569.77 Mn | 5.30% |
| 10 | BigBear.ai Holdings | 1.06 Bn | -178.04 Mn | 13.59 Mn | -210.77% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -210.77% |
| Jun 30, 2026 | -70.07% |
| Mar 31, 2026 | -164.84% |
| Dec 31, 2025 | -21.36% |
| Sep 30, 2025 | 7.61% |
| Jun 30, 2025 | -704.05% |
| Mar 31, 2025 | -178.34% |
| Dec 31, 2024 | -315.29% |
| Sep 30, 2024 | -36.47% |
| Jun 30, 2024 | -36.29% |
| Mar 31, 2024 | -385.83% |
| Dec 31, 2023 | -57.99% |
| Sep 30, 2023 | 8.48% |
| Jun 30, 2023 | -48.96% |
| Mar 31, 2023 | -73.98% |
| Dec 31, 2022 | -48.54% |
| Sep 30, 2022 | -39.63% |
| Jun 30, 2022 | -151.13% |
| Mar 31, 2022 | -51.73% |
| Dec 31, 2021 | -150.14% |
API Access
BigBear.ai Holdings Net 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=net-margin&ticker=BBAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=BBAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();