BigBear.ai Holdings (BBAI) Revenue — Quarter Ended Sep 30, 2023
Revenue declined in the quarter. The decrease reflects a continuation of the downward trend observed over recent periods.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue declined in the quarter. The decrease reflects a continuation of the downward trend observed over recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$34M
Revenue reported for this quarter.
Quarter-over-quarter
-11.6%
Change from the immediately preceding quarter.
Year-over-year
-16.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$155M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $40.4M | +20.5% |
| Mar 31, 2023 | $42.2M | +15.8% |
| Jun 30, 2023 | $38.5M | +2.2% |
| Sep 30, 2023 | $34M | -16.4% |
Revenue performance
Revenue decreased compared to the immediately preceding quarter, marking a further contraction from the prior period's level.
Quarterly comparison
Compared to the same quarter one year earlier, revenue also declined. The reduction was greater than the sequential decline.
What to watch
The persistent decline in revenue warrants monitoring of the company's ability to reverse the trend.