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Technology · Equity Analysis
BigBear.ai Holdings Inc. (BBAI) Stock Analysis - DCF Valuation & AI Disruption Risk
By Anton Ladnyi, CFA · ex-Goldman Sachs · ex-J.P. MorganPublished Updated
BBAI — BigBear.ai speculative AI analytics for defense/intelligence; stock -34% from June 1 high on authorized share count doubled to 1B (dilution risk); 2026 revenue guidance $135-165M ($143M consensus at lower half); $281.9M backlog (+14%) anchored by $53M sole-source classified award; TTM net loss exceeds revenue.
Quantitative model rating — not individualized investment advice.
BBAI Price Target & Rating
BBAI's quantitative grade is N/A, with significant tail risk (CVaR -41.9%), and quality metrics (net margin -65%, ROE -17%). BigBear.ai Holdings Inc. (BBAI) trades at $3.27 with a N/A composite rating: net margins of -65.2%, beta 3.18 (highly aggressive risk profile).
Key Takeaways
Valuation: N/A grade
Risk: CVaR -41.9% (95th percentile, 1-month) indicates moderate tail exposure; beta of 3.18 amplifies broad market moves in both directions
Strengths: -65% net margin, -17% ROE dominate the factor profile
Catalyst: Q2 2026 earnings (~Aug 11) — revenue trajectory vs. $135M-$165M guidance; additional sole-source contract wins to validate backlog conversion; dilution pace from newly authorized 1B share count is the key bear monitor.
Bear catalyst: Close below $3.00 (guidance cut or major contract loss)
BBAI — Quantitative SnapshotAugust 2026
RatingN/A
Price$3.27
Why N/AQuantitative factor profile is mixed — see full analysis below
Main riskElevated tail risk — CVaR -41.9% on a one-month horizon
Tail riskCVaR -41.9% over one month at the 95th percentile
Best useCore small-cap Technology holding — not a source of diversified sector exposure
Next watchEarnings delivery consistency and margin trajectory
How Does BBAI Score on the Five-Factor Quantitative Model?
BBAI's composite five-factor score is 2.4/5, led by Value (3.0/5) and weakest on Quality (2.0/5).
BBAI five-factor radar — Value 3.0, Quality 2.0, Momentum 3.0, Volatility 2.0, Size 2.0 (out of 5).
Value
3.0 / 5
Quality
2.0 / 5
Momentum
3.0 / 5
Volatility
2.0 / 5
Size
2.0 / 5
BBAI Five-Factor Quantitative Scores
Factor
Score
Value
3.0 / 5
Quality
2.0 / 5
Momentum
3.0 / 5
Volatility
2.0 / 5
Size
2.0 / 5
What Is BBAI's AI-Era Durability and Disruption Risk?
AI Disruption Risk: Elevated
BigBear.ai is a small, high-risk AI/defense-analytics name, not a mega-cap AI infrastructure play, and its 2026 record reflects that: full-year revenue guidance of $135-165 million (about 17% growth at the midpoint) has been choppy quarter to quarter, with Q1 2026 sales down 1% y/y before Q2 2026 revenue rose 13% y/y to $36.7 million on Ask Sage GenAI platform contributions. Losses remain large in absolute terms -- a $56.8 million net loss in Q1 and $25.7 million in Q2 -- though gross margin has improved meaningfully to roughly 33-34%, and contract backlog has grown to $269.9-281.9 million on wins including a $53 million classified intelligence contract. The balance sheet was materially de-risked in early 2026 via a full redemption/conversion of the 2029 convertible notes, cutting debt by roughly $125 million and leaving about $410 million in cash, but the company also doubled its authorized share count, keeping dilution risk on the table. This remains a binary, execution-dependent story: watch whether backlog conversion and Ask Sage-driven gross margin gains can narrow the path to breakeven before further dilutive financing becomes necessary.
Key Metrics
BBAI Key Metrics — BigBear.ai Holdings Inc. 2026
Metric
Value
Current Price
$3.27
Forward P/E
-16.4x
P/S Ratio
11.9
EV/EBITDA
-17.8
Beta
3.18
Net Margin
-65.2%
ROE
-16.6%
Debt/Equity
3.0%
CVaR (95%, 1M)
-41.9%
Market Cap
$1.6B
1-Month CVaR Methodology
The 1M CVaR-95 figure shown in Key Metrics, the peer comparison table and this page's hero card is computed as follows:
Lookback: most recent 1 year of daily prices.
Return input: daily log returns on dividend/split-adjusted close prices.
Confidence level: 95% (worst 5% of the resulting rolling-month observations).
Quantile convention: floor-based cutoff — the worst floor(N × 0.05) rolling-month observations (minimum 1), not a rounded or interpolated percentile.
CVaR: arithmetic mean of that worst-5% tail, expressed as a percentage.
Corporate actions: reflected via adjusted-close pricing (dividends and splits are accounted for).
1M CVaR-95 by lookback window
Method
1M CVaR-95
Trailing 1-year historical
-41.9%
Trailing 3-year historical
-64.8%
Trailing 5-year historical
-76.7%
The 1-year figure is what appears elsewhere on this page. Because it is built from overlapping 21-day windows over a single year, it reflects roughly the last ~11 non-independent tail events and is sensitive to the specific market regime of that year — treat it as a trailing-window historical estimate, not a structurally stable long-run risk parameter. The 3- and 5-year figures use the same methodology over longer, more regime-diverse histories.
This is a separate calculation from the 1-Day VaR/CVaR shown in the Tail Risk Profile chart below, which uses raw (non-overlapping) daily returns rather than rolling monthly sums — see that chart's own methodology note for the daily-horizon convention.
Tail Risk Profile
Historical Simulation · Daily Log Returns
BBAI — Daily Return Distribution
BigBear.ai Holdings Inc. · 250 trading days · CVaR illustrated on real data
Aug 2025 – Aug 2026
Daily log returns
95%
-7.98%
1-Day VaR · 95%
95th-percentile loss threshold
-10.21%
1-Day CVaR · 95%
Avg loss in tail
13
Days in tail
of 250 sessions
250
Daily returns
Aug 2025 – Aug 2026
Historical VaR uses the nearest-rank convention: the worst observation within the tail (empirical (1−confidence) fraction of trading days). Historical CVaR is the arithmetic mean of all observations at or below that VaR threshold — so VaR is always included inside the CVaR tail, not one observation outside it.
Anton Ladnyi, CFA · A.L. Capital AdvisoryUpdated 2026-08-08
Rating Rationale
BBAI — BigBear.ai speculative AI analytics for defense/intelligence; stock -34% from June 1 high on authorized share count doubled to 1B (dilution risk); 2026 revenue guidance $135-165M ($143M consensus at lower half); $281.9M backlog (+14%) anchored by $53M sole-source classified award; TTM net loss exceeds revenue.
Investment Thesis
↑ Bull Case
Q1 2026 revenue $34.4M; gross margin improved +1278bps YoY to 34% — unit economics improving
FY2026 guidance $135-165M affirmed; revenue growth 30-60% YoY if upper range achieved
Government AI spend accelerating post-DOGE rationalization; BBAI positioned in defense/intel
Pure-play defense AI at $4/share — optionality on large contract wins
First commercial AI deployment: Panama Transshipment Group (PTG) signed for International Shipping Compliance app (joint BBAI/Narval) — first non-defense revenue vertical; $53M classified sole-source contract with intelligence community customer (2-year, BBAI as prime); backlog $282M (+14% QoQ); Chicago O'Hare and DFW biometrics (veriScan/TrueFace) contracts worth $7M
Backlog surged 14% to $281.9M in Q1 2026, anchored by $53M sole-source classified national security prime award, providing multi-quarter revenue visibility.
Gross margins expanded +1,278 bps YoY in Q1 2026 as higher-margin GenAI products (via Ask Sage acquisition) shift the mix; 2026 revenue guidance affirmed at $135M-$165M.
↓ Bear Case
Revenue base tiny at $34M/Q; meaningful customer concentration risk
Gross margin 34% is well below software peers — business model still maturing
Palantir, Booz Allen, SAIC, and Leidos competing with significantly more scale
Government contract delays endemic; contract cancellations can destroy guidance
Equity dilution risk; company burning cash with limited float
Shareholders approved doubling authorized share count from 500M to 1B in June 2026; stock fell ~34% from June 1 pivot high on dilution fears compounded by Jim Cramer sell commentary.
Analyst consensus revenue ~$143M sits at lower half of guidance range; TTM net loss ~$289M on ~$127M revenue (losses are 2x+ revenue) with no near-term profitability path visible.
What Changes the Rating
↑Catalyst:Quarterly revenue exceeding $50M and gross margin crossing 40%
↓Model downgrade conditions:Close below $3.00 (guidance cut or major contract loss)
Anton’s personal note
The rating on BBAI is driven by a factor profile that is genuinely mixed — there is no clean narrative here, which is itself a signal worth taking seriously. The tail risk is the thing. A CVaR of -41.9% is not a number to dismiss — it means in bad months this position can move severely, and that has to be reflected in how much you size it, not just whether you own it at all. The scenario that changes my read is a genuine valuation reset — not a small pullback, but a re-rating that reflects the actual risk profile. Until that happens, the risk/reward is not there.
— Anton Ladnyi, CFA
Earnings History
BBAI Earnings History — EPS Surprise Rate 2026
Quarter
EPS Est. (consensus)
EPS Actual (adjusted, consensus basis)
Surprise
Q2 2026
$-0.04
$-0.05
-11.1% ✗
Q1 2026
$-0.08
$-0.12
-50.0% ✗
Q4 2025
$-0.06
$-0.01
+83.3% ✓
Q3 2025
$-0.07
$0.01
+113.6% ✓
EPS Actual is on the same adjusted/non-GAAP basis as the consensus estimate it is compared against (excludes one-time items, consistent with how Wall Street EPS estimates are typically constructed) — it will generally differ from the company's GAAP diluted EPS as reported in its official financial statements. Verify the GAAP figure against the issuer's original earnings release if that basis is what you need.
How Has BBAI Performed vs. Wall Street EPS Estimates?
BBAI has beaten consensus EPS estimates in 2 of the last 4 reported quarters (50%).
BBAI quarterly EPS — estimate vs. actual, 4 most recent reported quarters, 50% beat rate.
Earnings Projections
BBAI Forward EPS Consensus Estimates 2026
Quarter
EPS Est.
YoY EPS
Analysts
Q3 2026
$-0.05
—
2
Q4 2026
$-0.04
—
2
Q1 2027
~$-0.04
+66.7%
2
Q2 2027
~$-0.04
+20.0%
2
~ Estimated from annual consensus — not a direct analyst survey
What Are Wall Street's EPS Estimates for BBAI?
Wall Street's next-quarter consensus EPS estimate for BBAI is $-0.05.
BBAI consensus EPS estimates, next quarter $-0.05, 4 quarters shown.
Composite rating: N/A • CVaR from one-year daily history · historical simulation
Editorial Analyst Scenarios
Revenue growth × exit multiple (editorial, not mechanically reproducible from disclosed inputs) · hover each scenario for detail · current price $3.27
▼
Bear Case
$2
-54.1%
Implied NTM P/E: — (target ÷ next-4Q consensus EPS — distinct from the exit multiple below, which is applied to a later-year EPS estimate)
-5% revenue CAGR · 1.5x Rev exit multiple
◆
Base Case
$4
+37.6%
Implied NTM P/E: — (target ÷ next-4Q consensus EPS — distinct from the exit multiple below, which is applied to a later-year EPS estimate)
12% revenue CAGR · 3.5x Rev exit multiple
▲
Bull Case
$9
+175.2%
Implied NTM P/E: — (target ÷ next-4Q consensus EPS — distinct from the exit multiple below, which is applied to a later-year EPS estimate)
30% revenue CAGR · 6x Rev exit multiple
How Correlated Is BBAI With Its Sector Peers?
0 of 10 peer pairs correlated above 0.60, indicating meaningful historical diversification across the selected names, although all remain exposed to common equity, sector and macro factors.
BBAI pairwise correlation heatmap across 5 peers — 0 of 10 pairs above 0.60.
0 of 10 peer pairs correlated above 0.60, indicating meaningful historical diversification across the selected names, although all remain exposed to common equity, sector and macro factors.
Extended Analysis — Buy, Hold or Sell? Risk Factors. Portfolio Fit.
Is BBAI a buy, hold, or sell?
BBAI carries a quantitative grade of N/A.
With a 50% beat rate over the last 4 reported quarters, earnings predictability has been mixed. The most recent quarter missed by an 11.1% earnings surprise. Analyst estimate revisions are trending upward.
What are BBAI's key risk factors?
With a beta of 3.18, BBAI exhibits a highly aggressive risk profile relative to the broad market. The 95th-percentile CVaR of -41.9% on a one-month horizon should inform position sizing directly: at a 10% portfolio weight, this standalone tail outcome corresponds to approximately 4.2% of portfolio value before accounting for correlations with other holdings — not a marginal portfolio CVaR contribution, which depends on the full covariance structure. Net margins of -65.2% fall below the Technology sector average of 22%, suggesting margin pressure. The balance sheet is conservatively leveraged at 3% debt-to-equity.
At 0.18, the put/call ratio skews bullish, with call buyers dominating recent flow. Implied and realized volatility are roughly aligned at 71.8% and 75.1% respectively. Insiders have been net sellers to the tune of $464.1M over the disclosed transactions from 2024-09-04 to 2026-06-12. While routine dispositions are common, the magnitude bears watching. Short interest of 30.6% of float is elevated, reflecting meaningful bearish positioning.
How does BBAI fit in a diversified portfolio?
At typical HENRY portfolio weights — 10–20% of the equity allocation — BBAI carries a beta of 3.18, meaning it amplifies broad market moves proportionally. The appropriate weight is not a function of conviction alone, but of the full covariance structure across all holdings. See the Ledoit-Wolf covariance framework for the methodology behind these calculations.
Among closely correlated names, BBAI shows the strongest co-movement with PLTR (0.44), MSFT (0.30), NVDA (0.30). Investors seeking diversification should note these correlation dynamics when constructing multi-asset portfolios.
True portfolio risk is a function of the full covariance structure across all holdings — not individual stock metrics. The Portfolio Health Check quantifies this at the portfolio level: it surfaces hidden concentration, marginal CVaR contributions, and the degree to which your overall allocation deviates from an optimal risk-adjusted mandate. The BBAI analysis here is a single node in that larger structure.
What is BBAI's AI-Era Durability & Disruption Risk Score?
BigBear.ai is a small, high-risk AI/defense-analytics name, not a mega-cap AI infrastructure play, and its 2026 record reflects that: full-year revenue guidance of $135-165 million (about 17% growth at the midpoint) has been choppy quarter to quarter, with Q1 2026 sales down 1% y/y before Q2 2026 revenue rose 13% y/y to $36.7 million on Ask Sage GenAI platform contributions. Losses remain large in absolute terms -- a $56.8 million net loss in Q1 and $25.7 million in Q2 -- though gross margin has improved meaningfully to roughly 33-34%, and contract backlog has grown to $269.9-281.9 million on wins including a $53 million classified intelligence contract. The balance sheet was materially de-risked in early 2026 via a full redemption/conversion of the 2029 convertible notes, cutting debt by roughly $125 million and leaving about $410 million in cash, but the company also doubled its authorized share count, keeping dilution risk on the table. This remains a binary, execution-dependent story: watch whether backlog conversion and Ask Sage-driven gross margin gains can narrow the path to breakeven before further dilutive financing becomes necessary.
Is BBAI a buy or sell in 2026?
BigBear.ai Holdings Inc. (BBAI) carries a N/A quantitative rating from A.L. Capital Advisory, set by Discounted Cash Flow margin-of-safety band with no analyst-conviction overlay applied. Five-factor model scoring (Value, Quality, Momentum, Volatility, Size) and CVaR tail risk measurement are shown separately on the page. Current price: $3.27. Composite factor score: 2.4/5. Strongest factor: Value (3.0/5). Weakest factor: Quality (2.0/5). Analysis by Anton Ladnyi, CFA (ex-Goldman Sachs, ex-J.P. Morgan) · A.L. Capital Advisory. Full methodology: Rating Methodology (this page) →
What is the average analyst target price for BBAI?
Wall Street consensus target for BBAI: $4.00 (+22.3% upside from the current price of $3.27). The analyst target range spans $4.00 (most bearish) to $4.00 (most bullish). Consensus recommendation: Hold. Note that analyst price targets typically reflect a 12-month forward horizon and are derived from a blend of DCF, comparable-company, and sum-of-the-parts analysis. A.L. Capital Advisory's N/A composite rating is calculated from the blended margin-of-safety grade, applicable automatic fundamental penalties, and a disclosed qualitative analyst-conviction overlay — not from five-factor scores or CVaR, which are supporting diagnostics shown elsewhere on this page. The displayed blended fair value combines the standalone DCF output with Street consensus for well-covered names (see the DCF Assumptions box for the exact blend weight), so it does not track Street consensus mechanically, but it is not fully independent of it either. When the composite rating and the Street consensus recommendation diverge, the divergence itself is informative: it can reflect differences in time horizon, valuation methodology, or the degree to which the current price already discounts the consensus case. Analysis by Anton Ladnyi, CFA (ex-Goldman Sachs, ex-J.P. Morgan) · A.L. Capital Advisory. Full methodology: Data & Sources (this page) →
How does BBAI score on Value, Quality, Momentum, Volatility, and Size?
BBAI five-factor scores (A.L. Capital Advisory, 1–5 scale): Value 3.0/5 (neutral) — measures the trailing P/E multiple versus the sector median (not the DCF or blended fair-value range, which are separate metrics on this page); Quality 2.0/5 (below average) — captures profitability metrics including return on equity (ROE: -16.6%) and net margin (-65.2%) — sustained above-peer ROE and margins are the model's proxy for economic moat and pricing power; Momentum 3.0/5 (neutral) — reflects recent price trajectory and earnings surprise consistency; Volatility 2.0/5 (below average) — inverse measure derived from beta, where lower historical volatility earns a higher score; Size 2.0/5 (below average) — market capitalisation rank (mega-cap $1T+ scores 5/5). Composite: 2.4/5. Factor scores above 4.0 signal a tailwind in that dimension; below 2.0 signals a material headwind. Analysis by Anton Ladnyi, CFA (ex-Goldman Sachs, ex-J.P. Morgan) · A.L. Capital Advisory.
What is BBAI's tail risk and CVaR?
The 95th-percentile Conditional Value at Risk (CVaR) for BBAI on a one-month horizon is -41.9%. CVaR represents the expected average loss in the worst 5% of monthly outcomes — a more conservative tail risk measure than standard VaR, which only marks the loss threshold. Beta of 3.18 indicates above-market systematic sensitivity with amplified drawdown exposure — beta measures historical sensitivity to market moves, not total volatility. For reference, a diversified S&P 500 ETF carries a one-month CVaR of roughly -8% to -12% in normal market conditions; individual equity CVaR is higher due to idiosyncratic risk. At the portfolio level, what matters is the marginal CVaR contribution of each holding — not its standalone figure. The A.L. Capital Advisory Portfolio Health Check quantifies each position's marginal tail-risk contribution across your entire holdings. Analysis by Anton Ladnyi, CFA (ex-Goldman Sachs, ex-J.P. Morgan) · A.L. Capital Advisory. Full methodology: CVaR & Tail-Risk Methodology →
What would trigger a rating upgrade or downgrade for BBAI?
Upgrade trigger: Upgrade to Strong Buy on accelerating earnings momentum, improving factor scores, and a wider margin of safety. Downgrade trigger: Continued earnings misses or deteriorating balance sheet quality reducing the Quality factor score below 2.0/5. These triggers are reassessed each time the underlying fundamentals, price, or earnings data refresh — the current N/A rating is not held on a fixed review calendar. Analysis by Anton Ladnyi, CFA (ex-Goldman Sachs, ex-J.P. Morgan) · A.L. Capital Advisory. Full methodology: Rating Methodology (this page) →
Does BBAI consistently beat earnings estimates?
BBAI has beaten consensus EPS estimates in 2 of the 4 most recently reported quarters (50%) — indicating mixed delivery across the latest 4 reported quarters. The most recent reported quarter missed consensus by 11.1%. Mixed earnings delivery introduces uncertainty into the Momentum factor score and is reflected in the current rating. Across the 4 most recently reported quarters with valid consensus data, a beat rate above 70% signals consistent execution in this model, while a rate below 50% typically corresponds to a Momentum factor score of 3.0/5 or below. Earnings surprise magnitude and direction are incorporated into the Momentum and Quality dimensions of the five-factor scoring model. Analysis by Anton Ladnyi, CFA (ex-Goldman Sachs, ex-J.P. Morgan) · A.L. Capital Advisory. Full methodology: Earnings History (this page) →
How does BBAI contribute to portfolio risk and diversification?
BBAI carries a beta of 3.18 (high-volatility / growth-sensitive relative to the broad equity market). A beta above 1.0 means the position amplifies market moves in both directions at a typical portfolio weight. Strongest peer co-movement: PLTR (0.44), MSFT (0.30), NVDA (0.30). Holding BBAI alongside these names in the same portfolio increases concentration risk. True portfolio risk is a function of the full covariance structure — a single stock's beta does not reveal its marginal contribution to portfolio tail loss. The A.L. Capital Advisory Portfolio Health Check quantifies concentration risk (Herfindahl-Hirschman Index), pairwise correlations, and marginal CVaR contribution across all your holdings. If a single position such as this one makes up an outsized share of your net worth — employer stock, RSUs, or concentrated equity compensation — a Strategic Session builds the sequencing plan and the written allocation that follows from it. Analysis by Anton Ladnyi, CFA (ex-Goldman Sachs, ex-J.P. Morgan) · A.L. Capital Advisory. Full methodology: Ledoit-Wolf Covariance Framework →
What quantitative methodology does A.L. Capital Advisory use to analyse BBAI?
A.L. Capital Advisory analyses BigBear.ai Holdings Inc. (BBAI) using a four-part quantitative research framework grounded in CFA Institute standards (not all four parts feed the composite rating formula directly — see below). (1) DCF Valuation: a two-stage earnings-based DCF that projects EPS (not free cash flow) under bear and bull assumptions, discounts at the CAPM cost of equity (the applicable rate for an equity-level metric like EPS, not a debt-weighted WACC) to produce an intrinsic value range with margin-of-safety calculation. (2) Five-Factor Scoring: each equity is scored 1–5 on Value, Quality, Momentum, Volatility, and Size. (3) CVaR Tail Risk: 95th-percentile Conditional Value at Risk from historical simulation of daily returns on a one-month horizon. (4) Earnings Surprise Analysis: quarterly beat rate and magnitude, shown for context alongside the factor scores. The current N/A composite rating for BBAI is calculated separately from this broader framework: it consists of a N/A quantitative grade, any automatic fundamental penalty, and a disclosed qualitative analyst-conviction overlay — see this page's Rating Methodology section for the exact formula. Five-factor scoring, CVaR and earnings surprise analysis below are supporting research diagnostics shown separately on this page; they are not direct numerical inputs into this specific composite-rating calculation. Analysis by Anton Ladnyi, CFA (ex-Goldman Sachs, ex-J.P. Morgan) · A.L. Capital Advisory. Full methodology: DCF Valuation Framework → · CVaR & Tail-Risk Methodology →
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Retrieved 2026-08-08T11:27:12+00:00 (UTC); see per-quarter analyst counts in Earnings Forecast; individual target ages/dates are not disclosed by the data provider
Most recent exchange settlement date on file with the data provider (exact settlement date not exposed by the provider's API; retrieved 2026-08-08T11:27:12+00:00 UTC)
[6] DCF valuation, five-factor model & composite rating
Calculated 2026-08-08T11:27:12+00:00 (UTC); see Rating Methodology above for the exact formula
Hand-authored thesis commentary (bull/bear case, catalysts, AI-Era Durability Score narrative) is cross-checked against the company's own investor-relations disclosures at time of writing; figures presented as A.L. Capital Advisory estimates are proprietary forecasts, not company guidance, unless explicitly attributed to the issuer.
Market-session status above is derived from the page's UTC generation time using standard NYSE hours (9:30am–4:00pm ET regular session); it does not account for US market holidays and may be inaccurate on those dates.
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Legal Disclaimer & Important Notices
This analysis is produced using a systematic quantitative framework applied to market data and does not constitute investment advice. Prose commentary is AI-assisted and generated from structured quantitative inputs. All data and metrics are as of 2026-08-08 and are point-in-time estimates subject to revision without notice. CVaR figures are based on historical simulation and do not guarantee future outcomes. DCF ranges and upgrade/downgrade triggers are forward-looking statements based on current assumptions and may not materialise. Past performance does not guarantee future results. This analysis does not account for individual circumstances, tax position, or investment objectives — consult a qualified financial advisor before making investment decisions. This content is intended for informational purposes only and does not constitute regulated investment advice under MiFID II or FCA guidelines. This content is not intended for US persons or residents of jurisdictions where its distribution would be contrary to local law or regulation. This service is not directed at residents of Finland, Sweden, Norway, Denmark, Iceland, or Poland. The author may hold long or short positions in securities mentioned in this analysis. Nothing on this page represents a solicitation to buy or sell any security. A.L. Capital Advisory is an independent private advisory practice and is not affiliated with BigBear.ai Holdings Inc.
CFA Portfolio Advisory — BBAI
Discuss this analysis, position sizing, or your full portfolio mandate with Anton Ladnyi, CFA.
