Provides AI-driven analytics and decision support, largely for defense and government.
| Indicator | Score | Band |
|---|---|---|
| Depreciation Integrity | 15 | GREEN (~10–20) |
| Capex-vs-Demand Gap / Revenue Trend | 85 | RED (~80–90) |
| Insider-Selling Intensity | 46 | AMBER (~42–50) |
| Financing Opacity / Circular Leverage | 82 | RED (~80–85) |
| Energy & Diminishing Returns | 20 | LOW-RELEVANCE (~20) |
| Organic End-User Demand | 82 | RED (~80–85) |
Q. 'You recorded $85 million in goodwill impairment in Q1 2024, $70.6 million more in Q2 2025, and $53.4 million in long-lived asset impairment in Q4 2025 — $209 million in write-downs over 18 months on a company with $127.7 million in annual revenue. The impairment test used a 31% discount rate, pricing you as near-distressed. What exactly did you buy with Pangiam that is worth anything near what yo
A. Goodwill impairment #1: $85.0M (Q1 2024, BBAI 10-Q bbai-20240331 — PRIMARY). Impairment #2: $70.636M (Q2 2025, BBAI 10-Q bbai-20250630 — PRIMARY). Asset impairment: $53.4M (Q4 2025, earnings release — SECONDARY). Discount rate used in Q1 2024 impairment test: 31%. FY2025 revenue: $127.7M (computed from quarterly figures). FY2025 operating loss: -$213.9M including $124M of impairment charges. Pangi
EVIDENCE: filed · scores from the engine · I5/I6 carry a score with no underlying instrument — stated where drilled.
AWAITING LIVE SERIES · wires from /api/prices · held state stands if the wire fails
SEC XBRL companyfacts · every row carries its accession · 8 quarters · refreshes off the 8-K 2.02 earnings event
Watching: Capex vs demand, Circular financing, Organic demand before the print.
Earnings window. no dated next-print for this firm in the calendar yet — the 59-of-68 coverage gap.
Score 46.0/100 from the engine.
No discretionary (no-plan) open-market selling on the recent record — plan sales, gifts and awards stated as what they are.
| Owner | Role | Date | Type | Value | Basis |
|---|---|---|---|---|---|
| Ricker Sean Raymond | Chief Financial Office | 2026-06-30 | Tax withholding | $36,248 | — |
| Blankenship Carolyn | General Counsel and Se | 2026-06-30 | Tax withholding | $32,468 | — |
| Mcaleenan Kevin | Chief Executive Office | 2026-06-30 | Tax withholding | $84,823 | — |
| Pangiam Ultimate Holdings, Llc | Director | 2026-06-14 | Award | — | — |
| Hayes Dorothy D | Director | 2026-06-14 | Award | — | — |
EDGAR Form 4, parsed structured · last 5 txns · asof 2026-07-20 · refreshes off the Form-4 event class
Pending analysis. not yet determined — on the follow-up ledger as of 2026-07-13. A dated commitment, not an apology.
Video. no verified channel in the map yet — our gap, stated (the map grows by verification, never by guess).
≤5 news · ≤2 video · rolling window, never an archive · ranked from the 2026-08-08 sweep · refreshes Saturday
Notes. held open — The desk has not ruled this slot.
Company data is compiled from primary sources — SEC filings, the fragility engine, and our own roster. Narrative summaries are AI-assisted; every figure comes from the record, not the model.