v3.26.3
Business Combinations (Tables)
 9 Months Ended
Sep. 30, 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. Any adjustments to provisional amounts that are identified during the measurement period are reflected below.
December 31, 2025
Measurement period adjustments(1)
December 31, 2025, as reported at September 30, 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
256 390 646 
Intangible assets
84,290 — 84,290 
Total assets acquired$119,295 $(163)$119,132 
Liabilities:
Accounts payable3,354 105 3,459 
Accrued expenses3,675 (3,447)228 
Contract liabilities11,622 (34)11,588 
Other current liabilities13 — 13 
Deferred tax liabilities21,660 — 21,660 
Total liabilities acquired$40,324 $(3,376)$36,948 
Fair value of net identifiable assets acquired78,971 3,213 82,184 
Goodwill$192,655 $(2,698)$189,957 
(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, 2025Weighted-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 September 30, 2026Nine Months Ended September 30, 2026
Revenues$8,929 $21,171 
Net loss(1,889)(5,049)
Transaction expenses related to the Ask Sage Merger
— 832 
Schedule of Pro Forma Information
The following table presents the pro forma consolidated results of operations of BigBear.ai for the three and nine months ended September 30, 2025 as though the acquisition of Ask Sage had been completed as of January 1, 2024.
Three Months Ended September 30, 2025Nine Months Ended September 30, 2025
Revenues
$37,988 $108,470 
Net income (loss)$625 $(298,116)