BigBear.ai Holdings (NYSE: BBAI) stock plummeted 7.19% in pre-market trading on Friday following the release of its disappointing first-quarter 2025 financial results. The artificial intelligence company reported earnings that fell far short of analyst expectations, triggering a sell-off in the stock.

BigBear.ai reported a quarterly loss of $0.25 per share, significantly wider than the analyst consensus estimate of a $0.06 loss. This represents a 316.67% miss compared to expectations and a 13.64% decline from the same period last year. Revenue for the quarter came in at $34.76 million, missing the analyst estimate of $36.26 million by 4.15%. Despite the miss, this still represents a 4.94% increase from the $33.12 million reported in the same quarter of the previous year.

The company's financial performance was further marred by a net loss of $61.986 million, substantially worse than the estimated loss of $15.1 million. Operating income also disappointed, coming in at a loss of $21.208 million compared to the expected loss of $11.8 million. Despite these challenges, BigBear.ai affirmed its outlook for 2025, projecting revenue between $160 million and $180 million, suggesting management remains confident in the company's long-term prospects despite the short-term setback.