BigBear rallies on strong Q3 and $250 mn Ask Sage buyout news
BigBear.ai shares jumped over 12% after hours following a Q3 earnings beat and a $250 million deal to acquire GenAI platform Ask Sage. CEO Kevin McAleenan said the acquisition will create a unified AI ecosystem combining data, software, and mission services. The company reaffirmed its 2025 revenue outlook despite the ongoing US government shutdown.