BigBear.ai vs Blend Labs
BigBear.ai reported revenue of $128 million in fiscal 2025, about the same as Blend Labs' $124 million in fiscal 2025. BigBear.ai's revenue fell 19.3% in its latest year, and Blend Labs' grew 6.8%. BigBear.ai had an operating margin of -167.5%, against -17.6% at Blend Labs. Free cash flow was −$42 million at BigBear.ai and −$0 million at Blend Labs.
Side by side
| BigBear.ai | Blend Labs | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $128M | $124M |
| Revenue growth | −19.3% | 6.8% |
| Revenue growth a year, last 5 years | 11.7% | 5.2% |
| Gross margin | 22.3% | 73.8% |
| Operating margin | −167.5% | −17.6% |
| Net margin | −230.2% | −5.5% |
| Free cash flow | −$42M | −$0M |
| Free cash flow margin | −33.3% | −0.1% |
| Return on capital | −65.8% | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $0M | $25M |
| Change in diluted share count | 53.6% | 2.0% |
| Last close | $2.22 | $0.98 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $661,890 | bought $33.7 million, sold $496,044 |
| Piotroski F-score | 4 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
BigBear.aiBlend Labs
Operating margin
Percent of revenue
BigBear.aiBlend Labs
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
BigBear.aiBlend Labs
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the BigBear.ai and Blend Labs pages.