BigBear grows 13% as Ask Sage drives sales

BigBear.ai’s second-quarter revenue rose 13% to $36.7 million, with the company attributing the gain to Ask Sage’s generative-AI platforms and products. Its quarterly results also show gross margin climbing from 25.0% to 32.8% and more than 20 new contracts, although BigBear.ai still lost $25.7 million. Operators should file the quarter as an early public receipt for the deployment thesis in the analysis of AI vendors moving beyond token sales: packaged GenAI can lift revenue and mix before it produces profit.