Companies: 10,795·Total market cap: $144.5T
BigBear.ai Holdings, Inc.

BigBear.ai Holdings, Inc.

BBAINYSETechnology● Active
$4.43
+$0.23(+5.48%)
Market Cap$1.6B
P/E Ratio—
52W High$9.39
52W Low$3.01
Free Cash FlowFinancialsRevenue

BigBear.ai Holdings, Inc. (BBAI) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BBAI · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was −$42.5M for FY2025 (fiscal year ending 2025-12-31), up 13.7% year-over-year The FCF margin was -33.3%.

FY2025 Free Cash Flow−$42.5M▲ +13.7% YoY
Trailing 12M (TTM)−$56.4Mtrailing 4 quarters sum
FCF Margin-33.3%−$42.5M ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGRN/AN/A — contains negative FCF
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
bbai free cash flow history · bbai free cash flow chart · bbai free cash flow growth rate · bbai free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest−$42.5M▲ +13.7%-33.3%
FY2024−$49.2M▼ 122.4%-31.1%
FY2023−$22.1M▲ +55.4%-14.3%
FY2022−$49.7M▼ 143.3%-32.0%
FY2021−$20.4M▼ 2314.9%-14.0%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
bbai free cash flow 2025 · bbai free cash flow 2024 · bbai free cash flow 2023 · bbai operating cash flow

FCF valuation metrics

BigBear.ai Holdings, Inc. (BBAI) reported negative free cash flow of −$0.04B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)
N/A
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
N/A
TTM FCF ÷ Shares Outstanding
Price / FCF
N/A
Share Price ÷ FCF per Share
EV / FCF (TTM)
N/A
Enterprise Value basis
!

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
bbai price to free cash flow · bbai free cash flow yield · bbai free cash flow per share · bbai price to cash flow ratio

Cash flow statement summary

For FY2025, BigBear.ai Holdings, Inc. generated −$42.0M in operating cash flow and spent 1M in capital expenditures, yielding −$42.5M in free cash flow.

Operating Activities
−$42.0M
Cash from core business operations
2025-12-31
Investing Activities
−$606.7M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
+$691.3M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF (−$42.0M) − |CapEx| (1M) = FCF (−$42.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
bbai cash flow statement · bbai cash flow statement 2025 · bbai operating cash flow · bbai cash flow from operations

Free cash flow vs peers (Technology)

#CompanyFree Cash FlowYoY
#1
BigBear.ai Holdings, Inc.
BigBear.ai Holdings, Inc.YOU
BBAI
−$42.5M+13.7%
#2
Taiwan Semiconductor Manufacturing Company Limited
Taiwan Semiconductor Manufacturing Company Limited
TSM
$1.10T+26.1%#3
Apple Inc.
Apple Inc.
AAPL
$98.77B-9.2%#4
NVIDIA Corporation
NVIDIA Corporation
NVDA
$96.68B+58.9%#5
Microsoft Corporation
Microsoft Corporation
MSFT
$71.61B-3.3%#6
Broadcom Inc.
Broadcom Inc.
AVGO
$26.91B+38.6%
Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

BigBear.ai Holdings, Inc. (BBAI) reported free cash flow of −$42.5M for FY2025 (fiscal year ending 2025-12-31), up 13.7% year-over-year. The FCF margin was -33.3%.

Based on available data, BigBear.ai Holdings, Inc. has maintained positive free cash flow for at least 3 fiscal year(s). FCF peaked at $4.1M in FY2019.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

BBAI free cash flow · 8 questions

BigBear.ai Holdings, Inc. free cash flow was −$42.5M for FY2025, up 13.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$56.4M.

BBAI free cash flowBBAI FCFBBAI FCF 2025BBAI free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · BigBear.ai Holdings, Inc. · BigBear.ai Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026