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Side-by-side financial comparison of BigBear.ai Holdings, Inc. (BBAI) and Tectonic Financial, Inc. (TECTP). 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 $23.0M, roughly 1.2× Tectonic Financial, Inc.). On growth, Tectonic Financial, Inc. posted the faster year-over-year revenue change (17.9% vs -37.7%). Tectonic Financial, Inc. produced more free cash flow last quarter ($-17.3M vs $-22.1M). Over the past eight quarters, Tectonic Financial, Inc.'s revenue compounded faster (270.5% 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.

Tectonic Financial, Inc. is a US-based diversified financial services provider. It offers core services including wealth management, investment banking, capital markets advisory, and tailored financial solutions. Its key client segments cover high-net-worth individuals, institutional investors, and small to mid-sized enterprises across North America.

BBAI vs TECTP — Head-to-Head

Bigger by revenue
BBAI
BBAI
1.2× larger
BBAI
$27.3M
$23.0M
TECTP
Growing faster (revenue YoY)
TECTP
TECTP
+55.6% gap
TECTP
17.9%
-37.7%
BBAI
More free cash flow
TECTP
TECTP
$4.8M more FCF
TECTP
$-17.3M
$-22.1M
BBAI
Faster 2-yr revenue CAGR
TECTP
TECTP
Annualised
TECTP
270.5%
-9.2%
BBAI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BBAI
BBAI
TECTP
TECTP
Revenue
$27.3M
$23.0M
Net Profit
$5.5M
Gross Margin
20.3%
Operating Margin
-295.0%
30.6%
Net Margin
23.8%
Revenue YoY
-37.7%
17.9%
Net Profit YoY
15.9%
EPS (diluted)
$0.17
$0.73

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
TECTP
TECTP
Q4 25
$27.3M
Q3 25
$33.1M
$23.0M
Q2 25
$32.5M
$21.6M
Q1 25
$34.8M
$21.8M
Q4 24
$43.8M
$21.4M
Q3 24
$41.5M
$19.5M
Q2 24
$39.8M
$18.6M
Q1 24
$33.1M
$17.6M
Net Profit
BBAI
BBAI
TECTP
TECTP
Q4 25
Q3 25
$2.5M
$5.5M
Q2 25
$-228.6M
$4.3M
Q1 25
$-62.0M
$4.5M
Q4 24
$3.0M
Q3 24
$-15.1M
$4.7M
Q2 24
$-14.4M
$3.1M
Q1 24
$-127.8M
$3.1M
Gross Margin
BBAI
BBAI
TECTP
TECTP
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
TECTP
TECTP
Q4 25
-295.0%
Q3 25
-66.0%
30.6%
Q2 25
-278.1%
25.9%
Q1 25
-61.0%
26.0%
Q4 24
-18.6%
22.1%
Q3 24
-25.4%
29.1%
Q2 24
-41.9%
21.5%
Q1 24
-296.1%
22.2%
Net Margin
BBAI
BBAI
TECTP
TECTP
Q4 25
Q3 25
7.6%
23.8%
Q2 25
-704.0%
19.8%
Q1 25
-178.3%
20.4%
Q4 24
14.0%
Q3 24
-36.5%
24.2%
Q2 24
-36.3%
16.9%
Q1 24
-385.8%
17.4%
EPS (diluted)
BBAI
BBAI
TECTP
TECTP
Q4 25
$0.17
Q3 25
$-0.03
$0.73
Q2 25
$-0.71
$0.55
Q1 25
$-0.25
$0.57
Q4 24
$-0.47
$0.35
Q3 24
$-0.06
$0.58
Q2 24
$-0.06
$0.38
Q1 24
$-0.68
$0.37

Balance Sheet & Financial Strength

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

Metric
BBAI
BBAI
TECTP
TECTP
Cash + ST InvestmentsLiquidity on hand
$87.1M
Total DebtLower is stronger
$107.0M
Stockholders' EquityBook value
$611.9M
$119.2M
Total Assets
$894.5M
$1.1B
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BBAI
BBAI
TECTP
TECTP
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
TECTP
TECTP
Q4 25
$107.0M
Q3 25
$104.9M
Q2 25
$103.0M
Q1 25
$101.4M
Q4 24
$136.2M
Q3 24
$195.7M
Q2 24
$195.7M
Q1 24
$195.6M
Stockholders' Equity
BBAI
BBAI
TECTP
TECTP
Q4 25
$611.9M
Q3 25
$610.0M
$119.2M
Q2 25
$266.6M
$114.6M
Q1 25
$197.8M
$111.3M
Q4 24
$-3.7M
$113.4M
Q3 24
$127.5M
$112.8M
Q2 24
$134.7M
$110.4M
Q1 24
$143.2M
$108.5M
Total Assets
BBAI
BBAI
TECTP
TECTP
Q4 25
$894.5M
Q3 25
$919.8M
$1.1B
Q2 25
$599.4M
$997.0M
Q1 25
$396.3M
$910.5M
Q4 24
$343.8M
$863.4M
Q3 24
$354.1M
$847.5M
Q2 24
$360.9M
$777.1M
Q1 24
$377.6M
$777.6M
Debt / Equity
BBAI
BBAI
TECTP
TECTP
Q4 25
0.17×
Q3 25
0.17×
Q2 25
0.39×
Q1 25
0.51×
Q4 24
Q3 24
1.54×
Q2 24
1.45×
Q1 24
1.37×

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
TECTP
TECTP
Operating Cash FlowLast quarter
$-21.8M
$-17.3M
Free Cash FlowOCF − Capex
$-22.1M
$-17.3M
FCF MarginFCF / Revenue
-80.9%
-74.9%
Capex IntensityCapex / Revenue
0.9%
0.0%
Cash ConversionOCF / Net Profit
-3.14×
TTM Free Cash FlowTrailing 4 quarters
$-42.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BBAI
BBAI
TECTP
TECTP
Q4 25
$-21.8M
Q3 25
$-9.6M
$-17.3M
Q2 25
$-3.9M
$-32.5M
Q1 25
$-6.7M
$-35.6M
Q4 24
$-14.8M
$-86.6M
Q3 24
$-1.9M
$-22.5M
Q2 24
$-7.1M
$-30.7M
Q1 24
$-14.4M
$-3.2M
Free Cash Flow
BBAI
BBAI
TECTP
TECTP
Q4 25
$-22.1M
Q3 25
$-9.8M
$-17.3M
Q2 25
$-3.9M
Q1 25
$-6.7M
$-35.6M
Q4 24
$-15.0M
$-86.8M
Q3 24
$-2.0M
$-22.5M
Q2 24
$-7.2M
$-30.7M
Q1 24
$-14.4M
$-3.3M
FCF Margin
BBAI
BBAI
TECTP
TECTP
Q4 25
-80.9%
Q3 25
-29.5%
-74.9%
Q2 25
-11.9%
Q1 25
-19.4%
-163.2%
Q4 24
-34.2%
-406.5%
Q3 24
-4.9%
-115.0%
Q2 24
-18.1%
-165.5%
Q1 24
-43.5%
-18.8%
Capex Intensity
BBAI
BBAI
TECTP
TECTP
Q4 25
0.9%
Q3 25
0.6%
0.0%
Q2 25
0.0%
0.0%
Q1 25
0.2%
0.0%
Q4 24
0.4%
1.0%
Q3 24
0.3%
0.1%
Q2 24
0.3%
0.3%
Q1 24
0.1%
0.9%
Cash Conversion
BBAI
BBAI
TECTP
TECTP
Q4 25
Q3 25
-3.80×
-3.14×
Q2 25
-7.61×
Q1 25
-8.00×
Q4 24
-28.99×
Q3 24
-4.74×
Q2 24
-9.76×
Q1 24
-1.03×

Financial Flow Comparison

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

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