BigBear.ai released its Q3 results on Oct. 27, with revenue rising 31% to $43.6 million, marking its third consecutive quarter of organic growth. The company secured over 25 new deals since the previous quarter, totaling over $225 million, and boosted its full-year revenue guidance to $150 million to $165 million, a 5% increase over its previous range. BigBear.ai incurred an operating loss of just under $100 million during the period, largely due to a goodwill impairment charge of $76.7 million; without that, its operating loss would have been $23.2 million, up modestly from $21.9 million in the prior-year period. The article notes that while the results were encouraging, particularly on the top line, the business still carries significant risks, including operating in a highly competitive space, a historically volatile growth rate, and significant losses and cash burn that keep the risk of dilution high.