BigBear.ai (BBAI) Stock Rallies 23% on Ask Sage Acquisition and Q3 Earnings Beat

TLDR

• BigBear.ai shares surged 23% in pre-market trading following Q3 earnings results and a $250 million acquisition announcement.
• Q3 revenue fell 20% to $33.1 million but exceeded analyst forecasts of $31.81 million.
• The company posted a $0.03 per share loss, beating the expected $0.07 loss.
• BigBear.ai is acquiring Ask Sage, a generative AI platform with $25 million in annual recurring revenue.
• Full-year 2025 revenue guidance increased to $125 million-$140 million range.

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BigBear.ai stock jumped 23% in pre-market trading on November 11, 2025. The AI company delivered third-quarter results that topped expectations while announcing a major acquisition.

BigBear.ai Holdings, Inc., BBAI

The company revealed plans to acquire Ask Sage for $250 million. The deal was announced on November 10 and targets early 2026 for completion.

BigBear.ai reported Q3 revenue of $33.1 million. This marked a 20% decline from last year’s $41.51 million in the same quarter.

Reduced work on U.S. Army projects drove the revenue decrease. Despite the drop, the figure beat analyst estimates of $31.81 million.

The company’s quarterly loss came in at $0.03 per share. This beat the consensus estimate calling for a $0.07 loss.

Last year’s Q3 loss was $0.06 per share. The improved result shows better cost management and operational performance.

Ask Sage Deal Expands Defense Market Reach

Ask Sage brings approximately $25 million in annual recurring revenue to the table. The generative AI platform focuses on secure solutions for government clients.

The acquisition strengthens BigBear.ai’s position in defense and national security markets. Ask Sage already serves multiple government and defense organizations.

This existing customer base provides immediate access to new contract opportunities. The combination enhances BigBear.ai’s AI capabilities for regulated sectors.

BigBear.ai raised its 2025 revenue outlook following the announcement. The company now projects full-year revenue between $125 million and $140 million.

Stock Performance and Analyst Views

BBAI shares have climbed 28.3% year-to-date. This outperforms the S&P 500’s 14.4% gain over the same timeframe.

Analysts maintain a Moderate Buy rating on the stock. The consensus includes two Buy ratings and one Hold rating.

The average price target stands at $5.83. This represents roughly 2.1% potential upside from current trading levels.

These analyst ratings predate the Q3 results and Ask Sage news. Updates to price targets and ratings may follow as analysts review the new information.

For the next quarter, analysts expect a $0.05 loss per share on $34.19 million in revenue. The full-year forecast calls for a $1.10 loss per share on $132.54 million in revenue.

BigBear.ai has beaten revenue estimates twice in the past four quarters. The company operates in the Computers – IT Services sector, which ranks in the top 28% of industries.

The Ask Sage transaction is expected to close by early 2026. BigBear.ai specializes in AI-powered decision intelligence for defense and national security applications.

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