BigBear.ai (BBAI) Revenue Declines Amid Competitive AI Market

BigBear.ai (BBAI) reported a decline in revenue from $146 million in 2021 to $128 million in 2025, with a net loss increasing from $124 million to $294 million. This downturn was linked to the bankruptcy of its main client, Virgin Orbit, and competitive pressures. Analysts predict a 12% compound annual growth rate (CAGR) for BigBear.ai from 2025 to 2027, with expected revenues of $159 million, bolstered by its acquisition of Ask Sage. In contrast, C3.ai (AI) grew its revenue from $183 million to $389 million during the same period, though it also faced a widening net loss from $56 million to $289 million.