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StocksUpdated×4•Originally published 5 May 2026•Updated 7 May 2026•

1 min read

BigBear.ai Records 34% Gross Margin Driven by Ask Sage Platform in Q1

Key Facts

1BigBear.ai reported significant wins in Q1 amounting to close to $75 million in new contracts.

2The new contracts included more than $60 million specifically for national security projects.

3The company affirmed its previous revenue guidance and reported an increase in its backlog.

3 months ago

Version History

Version 43 months ago

What changed: The story was updated to include BigBear.ai's Q1 2026 gross margin data and the performance driver from the Ask Sage GenAI platform.

Version 33 months ago

What changed: The story was updated to reflect Redwire Corporation's financial results, focusing on its record backlog and margin expansion.

Version 23 months ago

Version 13 months ago

What changed: Added specific Q1 revenue figures, gross margin percentages, and detailed liquidity/debt status.

BigBear.ai recorded a gross margin of 34% in the first quarter of 2026, reflecting a significant improvement in the company's financial performance. The Ask Sage GenAI platform was a primary driver for this margin growth, highlighting the impact of generative AI solutions on profitability. This update follows Redwire Corporation's strong Q1 results, which featured a record backlog of $498.1 million and a robust book-to-bill ratio of 1.92. Together, these figures signal increasing demand across both space infrastructure and advanced AI sectors. Companies in the high-tech space continue to scale operations while maintaining a disciplined approach to cost management and operational efficiency. Investors remain focused on the sustainability of this momentum amidst intensifying competition in satellite and AI technologies.