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Side-by-side financial comparison of BigBear.ai Holdings, Inc. (BBAI) and Farmland Partners Inc. (FPI). Click either name above to swap in a different company.

BigBear.ai Holdings, Inc. is the larger business by last-quarter revenue ($27.3M vs $20.7M, roughly 1.3× Farmland Partners Inc.). On growth, Farmland Partners Inc. posted the faster year-over-year revenue change (-3.5% vs -37.7%). Over the past eight quarters, Farmland Partners Inc.'s revenue compounded faster (31.4% 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.

Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.

BBAI vs FPI — Head-to-Head

Bigger by revenue
BBAI
BBAI
1.3× larger
BBAI
$27.3M
$20.7M
FPI
Growing faster (revenue YoY)
FPI
FPI
+34.2% gap
FPI
-3.5%
-37.7%
BBAI
Faster 2-yr revenue CAGR
FPI
FPI
Annualised
FPI
31.4%
-9.2%
BBAI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BBAI
BBAI
FPI
FPI
Revenue
$27.3M
$20.7M
Net Profit
$21.4M
Gross Margin
20.3%
Operating Margin
-295.0%
Net Margin
103.4%
Revenue YoY
-37.7%
-3.5%
Net Profit YoY
-63.5%
EPS (diluted)
$0.17
$0.44

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
FPI
FPI
Q4 25
$27.3M
$20.7M
Q3 25
$33.1M
$11.3M
Q2 25
$32.5M
$10.0M
Q1 25
$34.8M
$10.3M
Q4 24
$43.8M
$21.5M
Q3 24
$41.5M
$13.3M
Q2 24
$39.8M
$11.4M
Q1 24
$33.1M
$12.0M
Net Profit
BBAI
BBAI
FPI
FPI
Q4 25
$21.4M
Q3 25
$2.5M
$483.0K
Q2 25
$-228.6M
$7.6M
Q1 25
$-62.0M
$2.0M
Q4 24
$58.7M
Q3 24
$-15.1M
$1.8M
Q2 24
$-14.4M
$-2.0M
Q1 24
$-127.8M
$1.4M
Gross Margin
BBAI
BBAI
FPI
FPI
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
FPI
FPI
Q4 25
-295.0%
Q3 25
-66.0%
4.3%
Q2 25
-278.1%
78.2%
Q1 25
-61.0%
20.6%
Q4 24
-18.6%
Q3 24
-25.4%
13.9%
Q2 24
-41.9%
-17.9%
Q1 24
-296.1%
11.9%
Net Margin
BBAI
BBAI
FPI
FPI
Q4 25
103.4%
Q3 25
7.6%
4.3%
Q2 25
-704.0%
76.3%
Q1 25
-178.3%
19.9%
Q4 24
273.6%
Q3 24
-36.5%
13.5%
Q2 24
-36.3%
-17.5%
Q1 24
-385.8%
11.5%
EPS (diluted)
BBAI
BBAI
FPI
FPI
Q4 25
$0.17
$0.44
Q3 25
$-0.03
$0.00
Q2 25
$-0.71
$0.14
Q1 25
$-0.25
$0.03
Q4 24
$-0.47
$1.09
Q3 24
$-0.06
$0.02
Q2 24
$-0.06
$-0.06
Q1 24
$-0.68
$0.01

Balance Sheet & Financial Strength

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

Metric
BBAI
BBAI
FPI
FPI
Cash + ST InvestmentsLiquidity on hand
$87.1M
Total DebtLower is stronger
$107.0M
$161.6M
Stockholders' EquityBook value
$611.9M
$467.4M
Total Assets
$894.5M
$719.1M
Debt / EquityLower = less leverage
0.17×
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BBAI
BBAI
FPI
FPI
Q4 25
$87.1M
Q3 25
$456.6M
Q2 25
$390.8M
Q1 25
$107.6M
Q4 24
$50.1M
Q3 24
$65.6M
Q2 24
$72.3M
Q1 24
$81.4M
Total Debt
BBAI
BBAI
FPI
FPI
Q4 25
$107.0M
$161.6M
Q3 25
$104.9M
$170.4M
Q2 25
$103.0M
$193.4M
Q1 25
$101.4M
$202.6M
Q4 24
$136.2M
$204.6M
Q3 24
$195.7M
$394.0M
Q2 24
$195.7M
$393.0M
Q1 24
$195.6M
$383.0M
Stockholders' Equity
BBAI
BBAI
FPI
FPI
Q4 25
$611.9M
$467.4M
Q3 25
$610.0M
$457.3M
Q2 25
$266.6M
$473.5M
Q1 25
$197.8M
$492.2M
Q4 24
$-3.7M
$494.6M
Q3 24
$127.5M
$519.4M
Q2 24
$134.7M
$521.5M
Q1 24
$143.2M
$526.7M
Total Assets
BBAI
BBAI
FPI
FPI
Q4 25
$894.5M
$719.1M
Q3 25
$919.8M
$738.5M
Q2 25
$599.4M
$776.7M
Q1 25
$396.3M
$810.5M
Q4 24
$343.8M
$869.6M
Q3 24
$354.1M
$1.0B
Q2 24
$360.9M
$1.0B
Q1 24
$377.6M
$1.0B
Debt / Equity
BBAI
BBAI
FPI
FPI
Q4 25
0.17×
0.35×
Q3 25
0.17×
0.37×
Q2 25
0.39×
0.41×
Q1 25
0.51×
0.41×
Q4 24
0.41×
Q3 24
1.54×
0.76×
Q2 24
1.45×
0.75×
Q1 24
1.37×
0.73×

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
FPI
FPI
Operating Cash FlowLast quarter
$-21.8M
$17.4M
Free Cash FlowOCF − Capex
$-22.1M
FCF MarginFCF / Revenue
-80.9%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters
$-42.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BBAI
BBAI
FPI
FPI
Q4 25
$-21.8M
$17.4M
Q3 25
$-9.6M
$-2.0M
Q2 25
$-3.9M
$-2.2M
Q1 25
$-6.7M
$6.4M
Q4 24
$-14.8M
$16.1M
Q3 24
$-1.9M
$-4.3M
Q2 24
$-7.1M
$-6.1M
Q1 24
$-14.4M
$11.9M
Free Cash Flow
BBAI
BBAI
FPI
FPI
Q4 25
$-22.1M
Q3 25
$-9.8M
Q2 25
$-3.9M
Q1 25
$-6.7M
Q4 24
$-15.0M
Q3 24
$-2.0M
Q2 24
$-7.2M
Q1 24
$-14.4M
FCF Margin
BBAI
BBAI
FPI
FPI
Q4 25
-80.9%
Q3 25
-29.5%
Q2 25
-11.9%
Q1 25
-19.4%
Q4 24
-34.2%
Q3 24
-4.9%
Q2 24
-18.1%
Q1 24
-43.5%
Capex Intensity
BBAI
BBAI
FPI
FPI
Q4 25
0.9%
Q3 25
0.6%
Q2 25
0.0%
Q1 25
0.2%
Q4 24
0.4%
Q3 24
0.3%
Q2 24
0.3%
Q1 24
0.1%
Cash Conversion
BBAI
BBAI
FPI
FPI
Q4 25
0.81×
Q3 25
-3.80×
-4.04×
Q2 25
-0.29×
Q1 25
3.12×
Q4 24
0.27×
Q3 24
-2.39×
Q2 24
Q1 24
8.66×

Financial Flow Comparison

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

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