v3.26.1
Business Combinations (Tables)
 3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Assets and Liabilities Assumed
The following table summarizes the fair value of the consideration transferred and the fair values of the major classes of assets acquired and liabilities assumed as of the acquisition date. These fair values were based on management’s estimates and assumptions; however, certain working capital amounts, income taxes, and residual goodwill remain preliminary and are subject to adjustment as additional information is obtained about the facts and circumstances that existed as of the acquisition date. The final determination of the fair values, related income tax impacts and residual goodwill will be completed as soon as practicable, and within the measurement period of up to one year from the acquisition date as permitted under GAAP. Any adjustments to provisional amounts that are identified during the measurement period will be recorded in the reporting period in which the
adjustment is determined.
December 31, 2025
Measurement period adjustments(1)
December 31, 2025, as reported at March 31, 2026
Cash paid at closing
$262,443 $— $262,443 
Deferred consideration5,183 — 5,183 
Adjustment Escrow Amount
4,000 515 4,515 
Purchase consideration$271,626 $515 $272,141 
Assets:
Cash
$33,418 $— $33,418 
Accounts receivable
1,331 (553)778 
Prepaid expenses and other current assets
256 92 348 
Intangible assets
84,290 — 84,290 
Total assets acquired$119,295 $(461)$118,834 
Liabilities:
Accounts payable3,354 105 3,459 
Accrued expenses3,675 (3,410)265 
Contract liabilities11,622 (34)11,588 
Other current liabilities13 — 13 
Deferred tax liabilities21,660 — 21,660 
Total liabilities acquired$40,324 $(3,339)$36,985 
Fair value of net identifiable assets acquired78,971 2,878 81,849 
Goodwill$192,655 $(2,363)$190,292 
(1) Includes adjustments to net working capital and the estimated income tax provision.
Schedule of Business Combination, Intangible Asset, Acquired, Finite-Lived
The following table summarizes the intangible assets acquired by class and the weighted-average estimated useful lives:

December 31
2025		Weighted-average estimated useful lives
Technology
$65,220 7 years
Licenses and certifications5,990 7 years
Customer relationships
12,785 3 years
Trade names295 1 year
Total intangible assets$84,290 
Schedule of Business Combination
The following table presents the net revenues, net loss and transaction expenses related to the Ask Sage Merger included in the results of operations for the following period:
Three Months Ended March 31, 2026
Revenues$6,144 
Net loss(551)
Transaction expenses related to the Ask Sage Merger
388 
Schedule of Pro Forma Information
The following table presents the pro forma consolidated results of operations of BigBear.ai for the three months ended March 31, 2025, as though the acquisition of Ask Sage had been completed as of January 1, 2024.
Three Months Ended March 31, 2025
Revenues
$36,320 
Net loss(66,685)