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On March 18, 2025, BigBear submitted a filing to the Securities and Exchange Commission that there would be a delay in filing its annual 10-K report. The company stated that it would need to restate financial results for its 2022 and 2023 fiscal years. In addition, the company will also need to restate individual quarterly results for 2023 and 2024.
Following this news, BBAI’s stock price fell by $0.52 per share, or approximately 15%, to close at $2.97 per share.