# BigBear.ai holds $36.3m of cash, down 90.7% from $390.8m a year earlier

![BigBear.ai holds $36.3m of cash, down 90.7% from $390.8m a year earlier](https://aiswingx.com/static/covers/bbai-2026q2_cover.jpg?v=1790191701)

**2026 Q2 10-Q: over the same year total equity rose from $266.6m to $770.3m. Cash fell $354.5m while equity rose $503.7m, and long-term debt went to zero**

BigBear.ai (BBAI) closed the second quarter of 2026 with $36.3m of cash and equivalents, down 90.7% from $390.8m four quarters earlier. Over the same span total equity rose from $266.6m to $770.3m and long-term debt went from $102.7m to zero.

- 종목: BBAI (BigBear.ai Holdings, Inc.)
- 분기: 2026Q2 · 10-Q
- 작성: 2026-09-23 19:28 UTC · 업데이트: 2026-09-23 20:05 UTC
- 원문: https://aiswingx.com/p/bbai-2026q2

## 숫자 하나
Cash of $36.3m at 2026 Q2 end, against $390.8m four quarters earlier (-90.7%); total equity $770.3m (+$503.7m); long-term debt zero; receivables at 84.3% of a quarter's revenue.

## 비유 하나
(구독자 전용)

## 출처 하나
BigBear.ai Holdings, Inc. Form 10-Q (2026 second quarter, accession 0001836981-26-000064): consolidated balance sheet, statement of operations and cash flows; convertible notes note; derivatives note. Quarterly figures cross-checked against SEC XBRL Company Facts.

## 다음 분기에 볼 것
(구독자 전용)

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## What happened

BigBear.ai (BBAI) supplies artificial-intelligence analysis software to government agencies and companies.

Three lines moved furthest on the balance sheet of the 2026 second-quarter 10-Q: cash, debt and equity.

| Line | 2025 Q2 | 2026 Q2 | Change |
|---|---|---|---|
| **Cash and equivalents** | $390.8m | **$36.3m** | **$(354.5)m, -90.7%** |
| Long-term debt | $102.7m | **zero** | $(102.7)m |
| **Total equity** | $266.6m | **$770.3m** | **+$503.7m** |

Cash fell below a tenth in four quarters while equity nearly tripled.

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(End of free preview. What the numbers mean, why it matters, company context, the next-quarter checklist and the arithmetic are available to subscribers — https://aiswingx.com/pricing)

## FAQ

**Q. Why did cash fall so far?**

It fell far more than the quarter's operating outflow. Where the difference came from is set out in the subscriber section.

**Q. If the debt went away, why did cash fall?**

Debt can be settled in more than one way. The route taken this quarter is tabled in the subscriber section.

**Q. Isn't rising equity a good thing?**

Equity is a book figure and not cash. Why the two moved in opposite directions is in the subscriber section.

**Q. How far have receivables built up?**

Their share of quarterly revenue and the increase on the prior quarter are in the subscriber section.

**Q. Where can I check this myself?**

On SEC EDGAR, open BigBear.ai Holdings, Inc.'s 2026 second-quarter 10-Q (accession 0001836981-26-000064) and read the balance sheet and cash flow statement.