BigBear.ai, provider of artificial intelligence decision intelligence, has closed fiscal 2025 with what CEO Kevin McAleenan, a three-time Wash100 winner, is calling “the strongest financial position in the company’s history.”
McAleenan, who was appointed CEO since January 2025, highlighted in the company’s financial report published Monday BigBear.ai’s international expansion and acquisition of Ask Sage and CargoSeer in the past year.
“At the start of 2025, we set out to transform our financial foundations to establish a base from which to accelerate in 2026. We have delivered exactly that,” the executive stated.
“We have reduced our debt by more than 90%, established a powerful cash position that gives us the freedom to invest in catalytic technologies, expanded internationally, and acquired two highly specialized technology companies which play directly into our two core markets in national security and travel & trade,” he added.
How Did BigBear.ai Perform Financially in 2025?
In the fourth quarter of 2025, the company generated $27.3 million, a 38 percent year-over-year decline that the company attributed to fewer Army programs. For the whole year, the company’s revenue reached $127.7 million, lower than the $ 158.2 million generated in 2024.
In 2026, the company expects to generate a full-year revenue between $135 million and $165 million. BigBear.ai said its expansion in the Middle East positions the company for solid growth in the coming months.
Why Did Nicolas Chaillan Step Down From the CTO Role at BigBear.ai?
The company also announced that Nicolas Chaillan, founder and former CEO of Ask Sage, has transitioned from his position as chief technology officer at BigBear.ai.
The former Customs and Border Protection commissioner said in a LinkedIn post on Sunday that he is stepping down to focus on his family. He also shared that he will continue to work with BigBear.ai team as an adviser.
