BigBear.ai Holdings, Inc. (BBAI) tumbled 17.14 percent to $5.88, down $1.22 on Tuesday, after posting disappointing second-quarter results.
Revenue fell 18 percent to $32.5 million from $39.8 million a year ago, mainly due to lower volumes on certain Army programs.
Net loss widened sharply to $228.6 million from $14.4 million, driven by a $135.8 million non-cash change in derivative liabilities tied to convertible notes and warrants, and a $70.6 million non-cash goodwill impairment charge. The stock opened at $4.85 and traded between $4.75 and $5.69, with a heavy volume of 155.46 million shares compared to an average of 133.16 million, on the New York Stock Exchange.
BigBear.ai's 52-week range is $1.21 to $10.36.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.