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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 42M | 4.3% |
| Gross Profit | 11M | 2.7% |
| Cost of Revenue | 31M | 7% |
| Operating expense | 21M | 32.3% |
| Net Income | -12M | 3.7% |
| EBITDA | -5.2M | 0.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 354M | 1.9% |
| Total Liabilities | 256M | 1% |
| Total Equity | 98M | 4.2% |
| Shares Outstanding | 250M | 1.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -1.9M | 73.1% |
| Cash from investing | -4.3M | 151.8% |
| Cash from financing | -420,000 | 11.4% |
EPS
Financial Highlights for BigBear.ai in Q3 '24
BigBear.ai reported a revenue of 42M, which is a 4.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 11M, marking a -2.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 31M, a 7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 21M, showing a -32.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -12M, showing a -3.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -5.2M, showing a 0.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
BigBear.ai faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
