vs

Side-by-side financial comparison of BigBear.ai Holdings, Inc. (BBAI) and California BanCorp \ CA (BCAL). Click either name above to swap in a different company.

California BanCorp \ CA is the larger business by last-quarter revenue ($45.9M vs $27.3M, roughly 1.7× BigBear.ai Holdings, Inc.). On growth, California BanCorp \ CA posted the faster year-over-year revenue change (0.8% vs -37.7%). California BanCorp \ CA produced more free cash flow last quarter ($56.9M vs $-22.1M). Over the past eight quarters, California BanCorp \ CA's revenue compounded faster (44.7% CAGR vs -9.2%).

BigBear.ai Holdings, Inc. develops and delivers artificial intelligence-powered decision support and analytics solutions. Its core offerings cover predictive analytics, supply chain optimization, and operational intelligence platforms, serving key segments including national defense, intelligence agencies, and commercial enterprise clients primarily across North America, helping customers improve operational efficiency and mitigate risks.

Pacific Premier Bancorp, Inc. is an American bank holding company under the Bank Holding Company Act of 1956 headquartered in Irvine, California, US. Its principal business focuses on Pacific Premier Bank, which offers a range of financial services to individuals, businesses, and professionals. The bank operates numerous branches in California, Arizona, Nevada, and Washington.

BBAI vs BCAL — Head-to-Head

Bigger by revenue
BCAL
BCAL
1.7× larger
BCAL
$45.9M
$27.3M
BBAI
Growing faster (revenue YoY)
BCAL
BCAL
+38.5% gap
BCAL
0.8%
-37.7%
BBAI
More free cash flow
BCAL
BCAL
$79.0M more FCF
BCAL
$56.9M
$-22.1M
BBAI
Faster 2-yr revenue CAGR
BCAL
BCAL
Annualised
BCAL
44.7%
-9.2%
BBAI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BBAI
BBAI
BCAL
BCAL
Revenue
$27.3M
$45.9M
Net Profit
$16.4M
Gross Margin
20.3%
Operating Margin
-295.0%
48.8%
Net Margin
35.8%
Revenue YoY
-37.7%
0.8%
Net Profit YoY
-2.1%
EPS (diluted)
$0.17
$0.50

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BBAI
BBAI
BCAL
BCAL
Q4 25
$27.3M
$45.9M
Q3 25
$33.1M
$45.2M
Q2 25
$32.5M
$44.3M
Q1 25
$34.8M
$44.8M
Q4 24
$43.8M
$45.5M
Q3 24
$41.5M
$38.1M
Q2 24
$39.8M
$22.2M
Q1 24
$33.1M
$21.9M
Net Profit
BBAI
BBAI
BCAL
BCAL
Q4 25
$16.4M
Q3 25
$2.5M
$15.7M
Q2 25
$-228.6M
$14.1M
Q1 25
$-62.0M
$16.9M
Q4 24
$16.8M
Q3 24
$-15.1M
$-16.5M
Q2 24
$-14.4M
$190.0K
Q1 24
$-127.8M
$4.9M
Gross Margin
BBAI
BBAI
BCAL
BCAL
Q4 25
20.3%
Q3 25
22.4%
Q2 25
25.0%
Q1 25
21.3%
Q4 24
37.4%
Q3 24
25.9%
Q2 24
27.8%
Q1 24
21.1%
Operating Margin
BBAI
BBAI
BCAL
BCAL
Q4 25
-295.0%
48.8%
Q3 25
-66.0%
48.3%
Q2 25
-278.1%
45.3%
Q1 25
-61.0%
52.8%
Q4 24
-18.6%
52.2%
Q3 24
-25.4%
-59.1%
Q2 24
-41.9%
1.3%
Q1 24
-296.1%
33.1%
Net Margin
BBAI
BBAI
BCAL
BCAL
Q4 25
35.8%
Q3 25
7.6%
34.7%
Q2 25
-704.0%
31.8%
Q1 25
-178.3%
37.6%
Q4 24
37.7%
Q3 24
-36.5%
-43.2%
Q2 24
-36.3%
0.9%
Q1 24
-385.8%
22.5%
EPS (diluted)
BBAI
BBAI
BCAL
BCAL
Q4 25
$0.17
$0.50
Q3 25
$-0.03
$0.48
Q2 25
$-0.71
$0.43
Q1 25
$-0.25
$0.52
Q4 24
$-0.47
$0.54
Q3 24
$-0.06
$-0.59
Q2 24
$-0.06
$0.01
Q1 24
$-0.68
$0.26

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BBAI
BBAI
BCAL
BCAL
Cash + ST InvestmentsLiquidity on hand
$87.1M
$399.9M
Total DebtLower is stronger
$107.0M
$33.8M
Stockholders' EquityBook value
$611.9M
$576.6M
Total Assets
$894.5M
$4.0B
Debt / EquityLower = less leverage
0.17×
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BBAI
BBAI
BCAL
BCAL
Q4 25
$87.1M
$399.9M
Q3 25
$456.6M
$559.2M
Q2 25
$390.8M
$430.1M
Q1 25
$107.6M
$439.2M
Q4 24
$50.1M
$388.2M
Q3 24
$65.6M
$614.4M
Q2 24
$72.3M
$104.7M
Q1 24
$81.4M
$86.5M
Total Debt
BBAI
BBAI
BCAL
BCAL
Q4 25
$107.0M
$33.8M
Q3 25
$104.9M
$33.4M
Q2 25
$103.0M
$52.9M
Q1 25
$101.4M
$70.3M
Q4 24
$136.2M
$69.7M
Q3 24
$195.7M
$69.1M
Q2 24
$195.7M
$42.9M
Q1 24
$195.6M
$44.9M
Stockholders' Equity
BBAI
BBAI
BCAL
BCAL
Q4 25
$611.9M
$576.6M
Q3 25
$610.0M
$564.7M
Q2 25
$266.6M
$547.6M
Q1 25
$197.8M
$531.4M
Q4 24
$-3.7M
$511.8M
Q3 24
$127.5M
$498.1M
Q2 24
$134.7M
$293.2M
Q1 24
$143.2M
$292.5M
Total Assets
BBAI
BBAI
BCAL
BCAL
Q4 25
$894.5M
$4.0B
Q3 25
$919.8M
$4.1B
Q2 25
$599.4M
$4.0B
Q1 25
$396.3M
$4.0B
Q4 24
$343.8M
$4.0B
Q3 24
$354.1M
$4.4B
Q2 24
$360.9M
$2.3B
Q1 24
$377.6M
$2.3B
Debt / Equity
BBAI
BBAI
BCAL
BCAL
Q4 25
0.17×
0.06×
Q3 25
0.17×
0.06×
Q2 25
0.39×
0.10×
Q1 25
0.51×
0.13×
Q4 24
0.14×
Q3 24
1.54×
0.14×
Q2 24
1.45×
0.15×
Q1 24
1.37×
0.15×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BBAI
BBAI
BCAL
BCAL
Operating Cash FlowLast quarter
$-21.8M
$57.3M
Free Cash FlowOCF − Capex
$-22.1M
$56.9M
FCF MarginFCF / Revenue
-80.9%
124.1%
Capex IntensityCapex / Revenue
0.9%
0.8%
Cash ConversionOCF / Net Profit
3.49×
TTM Free Cash FlowTrailing 4 quarters
$-42.5M
$93.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BBAI
BBAI
BCAL
BCAL
Q4 25
$-21.8M
$57.3M
Q3 25
$-9.6M
$16.0M
Q2 25
$-3.9M
$13.4M
Q1 25
$-6.7M
$7.0M
Q4 24
$-14.8M
$50.3M
Q3 24
$-1.9M
$18.3M
Q2 24
$-7.1M
$309.0K
Q1 24
$-14.4M
$8.1M
Free Cash Flow
BBAI
BBAI
BCAL
BCAL
Q4 25
$-22.1M
$56.9M
Q3 25
$-9.8M
$15.9M
Q2 25
$-3.9M
$13.4M
Q1 25
$-6.7M
$6.9M
Q4 24
$-15.0M
$49.7M
Q3 24
$-2.0M
$18.1M
Q2 24
$-7.2M
$171.0K
Q1 24
$-14.4M
$8.0M
FCF Margin
BBAI
BBAI
BCAL
BCAL
Q4 25
-80.9%
124.1%
Q3 25
-29.5%
35.1%
Q2 25
-11.9%
30.2%
Q1 25
-19.4%
15.3%
Q4 24
-34.2%
109.2%
Q3 24
-4.9%
47.5%
Q2 24
-18.1%
0.8%
Q1 24
-43.5%
36.4%
Capex Intensity
BBAI
BBAI
BCAL
BCAL
Q4 25
0.9%
0.8%
Q3 25
0.6%
0.2%
Q2 25
0.0%
0.1%
Q1 25
0.2%
0.2%
Q4 24
0.4%
1.2%
Q3 24
0.3%
0.5%
Q2 24
0.3%
0.6%
Q1 24
0.1%
0.4%
Cash Conversion
BBAI
BBAI
BCAL
BCAL
Q4 25
3.49×
Q3 25
-3.80×
1.02×
Q2 25
0.95×
Q1 25
0.41×
Q4 24
3.00×
Q3 24
Q2 24
1.63×
Q1 24
1.63×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Related Comparisons