BigBear.ai completed the Ask Sage acquisition on December 31, integrating a model-agnostic platform for secure generative AI distribution in defense and regulated industries. Shortly after, it acquired CargoSeer’s AI shipment inspection platform, combining machine learning and computer vision to enhance non-intrusive cargo scans and fraud detection across ports.

Management outlined objectives for 2025 that include a catalytic strategic acquisition and deeper global reach. The company established a wholly-owned Abu Dhabi subsidiary and office by year-end, partnered with Vigilix, Easy Lease and Abu Dhabi Ports, and committed to hiring local talent to support next-generation AI systems for customs and security.

Q4 revenue declined 37% year-over-year to $27.3 million, with gross margin slipping to 20.4% from 37.4%, driven by lower Army program volume and absence of high-margin license deliveries. Net loss narrowed to $5.8 million from $138.2 million, aided by a $143.4 million non-cash derivative gain, $21.8 million tax benefit and record liquidity, while adjusted EBITDA was -$10.3 million.

Ask Sage adoption scaled month-over-month across U.S. defense, with cross-selling into existing accounts and development of a ruggedized edge hardware system. Strategic partnerships with radar specialist C Speed and shipbuilder Fincantieri extend real-time intelligence capabilities, while the veriScan platform launched at O’Hare, Sea-Tac, Nashville and Calgary airports to streamline biometric passenger processing.