BigBear.ai is a small AI software and solutions company focused on national security, border security, and travel and trade, selling primarily to U.S. federal agencies including the Department of Homeland Security, CBP, and the Department of Defense. Its core products include veriScan and Trueface, biometric identity verification tools deployed across more than 2,000 devices at over 500 gates and 25 airports for CBP; Ask Sage, a FedRAMP-authorized generative AI platform that allows government personnel to use large language models on classified and sensitive data; ConductorOS, an edge AI platform for drone swarm and autonomous military systems; CargoSeer, a computer vision tool for cargo scan analysis; and Shipyard AI, a logistics optimization tool for defense shipbuilding customers. BigBear.ai generates revenue through a mix of government program contracts and product/SaaS deployments, with revenue recognition tied to contract milestones and the federal procurement calendar — making revenue inherently lumpy. The majority of BigBear.ai's roughly 579 employees hold active U.S. security clearances, and many work embedded at customer facilities, which the company argues is a structural advantage in winning and retaining government contracts. BigBear.ai is currently EBITDA-negative and in an investment phase, with management targeting growth driven by new U.S. government AI and border security spending, international expansion in the UAE and Panama, and M&A funded by approximately $391M in cash raised largely through equity issuances in 2025.