BigBear.ai Holdings, Inc. (NYSE:BBAI) is one of the worst-performing agentic AI stocks so far in 2026.

As of the April 2, 2026 close, the stock was down 38.8% year to date, falling to $3.58 from $5.85 on January 2, 2026.

Cantor Fitzgerald added to the pressure on March 3, one day after BigBear.ai released fourth-quarter and full-year 2025 results. The firm maintained a Neutral rating but cut its price target to $5 from $6. According to the analyst note summary, Cantor’s Jonathan Ruykhaver said the company delivered a “solid” fourth quarter despite a 37.7% year-over-year revenue decline, which he tied largely to federal program disruptions on select Army contracts and shutdown-related headwinds.

Cantor also pointed to 2026 guidance that implies roughly 17% growth at the midpoint and includes an estimated $25 million revenue contribution from the Ask Sage acquisition.

That context matters because BigBear.ai’s March 2 release was messy beneath the surface. Fourth-quarter revenue fell 38% to $27.3 million, gross margin dropped to 20.3% from 37.4%, and adjusted EBITDA swung to a loss of $10.3 million from positive $2.0 million a year earlier. Management said the revenue drop was mainly due to lower volume on Army programs.

BigBear.ai Holdings, Inc. (NYSE:BBAI) provides AI-driven decision intelligence, analytics, and workflow tools for government and commercial customers, with a particular focus on defense, national security, travel, trade, and supply-chain uses.

While we acknowledge the potential of BBAI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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