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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.

27 days ago

Version History

Version 427 days 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 328 days ago

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

Version 228 days ago

Version 128 days 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.