BigBear.ai Bundle
Who Owns BigBear.ai?
Understanding BigBear.ai's ownership is key to grasping its strategic direction. The company went public in December 2021 via a SPAC merger, valuing it at approximately $1.378 billion.
BigBear.ai, a leader in AI-powered decision intelligence, was consolidated in 2020 by AE Industrial Partners. Its journey began in 1988 as a defense contractor.
Who holds the reins of BigBear.ai?
Who Founded BigBear.ai?
The ownership of BigBear.ai is primarily shaped by its formation through strategic acquisitions and private equity backing, rather than a traditional founding team. The company's inception in 2020 was a result of consolidation efforts led by AE Industrial Partners (AEI).
Formation Through Acquisition
BigBear.ai was established in 2020 through the merger of several companies, including NuWave Solutions and PCI Strategic Management. This consolidation was orchestrated by AE Industrial Partners.
Private Equity Inception
The company's early structure was heavily influenced by private equity, with AE Industrial Partners leading the acquisition and integration of its constituent entities.
Leadership at Public Debut
Following its public listing, Dr. Reggie Brothers served as the initial Chief Executive Officer of the consolidated BigBear.ai entity.
Early Funding Source
Initial capital for the combined BigBear.ai primarily stemmed from private equity investments provided by AE Industrial Partners.
Public Listing via SPAC
The company became publicly traded through a merger with GigCapital4, a Special Purpose Acquisition Company (SPAC), which was finalized in December 2021.
Post-SPAC Ownership Structure
Upon the SPAC merger, existing BigBear.ai stockholders, including AE Industrial Partners, were anticipated to hold approximately 73% of the combined company's equity.
The merger with GigCapital4, a SPAC, in December 2021, valued BigBear.ai at an enterprise value of approximately $1.378 billion and provided substantial funding. This transaction significantly altered the ownership landscape, with AE Industrial Partners retaining a substantial stake. Understanding this structure is key to grasping the BigBear.ai ownership. The early ownership history is crucial for understanding the company's trajectory, especially when considering its position relative to other players in the market, as detailed in the Competitors Landscape of BigBear.ai.
Key Ownership Details Post-SPAC Merger
Following the merger with GigCapital4, the ownership distribution was projected as follows:
- Existing BigBear.ai stockholders (including AE Industrial Partners): approximately 73%
- GigCapital4 sponsors: 6%
- Public stockholders: 21%
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How Has BigBear.ai’s Ownership Changed Over Time?
BigBear.ai's ownership structure saw a significant shift following its merger with GigCapital4, Inc., a special purpose acquisition company (SPAC). This transaction, which concluded on December 8, 2021, led to the company's listing on the New York Stock Exchange under the ticker BBAI, establishing an initial enterprise value of approximately $1.378 billion.
| Shareholder Type | Percentage of Ownership (as of August 1, 2025) | Number of Shares |
|---|---|---|
| Institutional Investors | Approximately 45.33% | 131,049,568 |
| Individual Investors | 56% | N/A |
| Insiders | Approximately 24.59% | N/A |
As of August 2025, BigBear.ai holds a market capitalization of $1.86 billion USD. The company's market cap experienced a substantial increase of 396.09% over the preceding year, as of July 31, 2025. The share price on August 1, 2025, stood at $6.40, reflecting a notable 416.13% rise from $1.24 on August 5, 2024. BigBear.ai Holdings, Inc. (US:BBAI) has 358 institutional owners and shareholders.
Key BigBear.ai Stakeholders
BigBear.ai's ownership is a mix of institutional investors, company insiders, and the general public, with individual investors holding the largest portion. Understanding these stakeholders is crucial for grasping the company's control and strategic direction, aligning with insights into the Mission, Vision & Core Values of BigBear.ai.
- AE Industrial Partners, LP is the largest shareholder with approximately 26% ownership.
- Vanguard Group, Inc. holds 7.15% of the company's shares.
- BlackRock, Inc. possesses 6.85% of the outstanding shares.
- Institutional investors collectively own about 45.33% of BigBear.ai.
- Individual investors represent the majority ownership at 56%.
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Who Sits on BigBear.ai’s Board?
The Board of Directors at BigBear.ai is instrumental in guiding the company's strategic path and overseeing its operations. As of January 15, 2025, Kevin McAleenan assumed the roles of Chief Executive Officer and Board member, succeeding Mandy Long. Peter Cannito holds the position of Chairman of the Board.
| Name | Role |
|---|---|
| Peter Cannito | Chairman of the Board |
| Kevin McAleenan | Chief Executive Officer and Board Member |
| Ted Tanner | Chief Technology Officer |
| Carl Napoletano | Chief Operating Officer |
| Sean Raymond Ricker | Interim Chief Financial Officer |
| Pamela Braden | Independent Director |
| Dorothy D. Hayes | Independent Director |
| Sean Battle | Independent Director |
| Paul E. Fulchino | Independent Director |
| Kirk Konert | Independent Director |
BigBear.ai operates as a publicly traded entity, indicating a dispersed ownership structure among institutional investors, company insiders, and the general public. While specific details regarding dual-class shares or special voting rights are not extensively publicized, the company's governance generally adheres to a one-share-one-vote principle. This means that influence and control are typically proportional to equity holdings. The significant involvement of institutional investors, including private equity firm AE Industrial Partners, suggests they likely exert considerable influence through their board representation and substantial shareholdings. Filings with the U.S. Securities and Exchange Commission (SEC), such as Schedule 13D and 13G, reveal that various entities hold passive or active investments exceeding 5%, which can impact the company's strategic direction. Understanding the Target Market of BigBear.ai is also key to understanding its ownership dynamics.
Understanding BigBear.ai's Ownership Structure
BigBear.ai's ownership is a blend of institutional and public holdings. Key executives and independent directors form the Board, influencing corporate strategy.
- Publicly traded company with dispersed ownership.
- Institutional investors, including private equity, hold significant stakes.
- Board of Directors oversees company governance and strategy.
- Kevin McAleenan is the current CEO and a Board member.
- Ownership influence is generally tied to equity stake.
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What Recent Changes Have Shaped BigBear.ai’s Ownership Landscape?
Over the past few years, BigBear.ai has seen significant shifts in its ownership structure, particularly following its public debut. These changes reflect strategic growth initiatives and evolving market dynamics.
| Ownership Aspect | Details |
|---|---|
| Public Listing | December 2021 via SPAC merger with GigCapital4 |
| Key Acquisition (2024) | Pangiam acquisition for approximately $70 million (all-stock) |
| Leadership Change | Kevin McAleenan appointed CEO effective January 15, 2025 |
| Financial Restructuring | Restructured $182.3 million in convertible senior notes in December 2024 |
| Cash Reserves (March 31, 2025) | $107.6 million |
| Long-Term Debt (March 31, 2025) | $100.5 million |
| Institutional Ownership (August 2025) | 358 institutional owners, over 131 million shares |
| Largest Shareholder Group (February 2025) | Individual investors (56%) |
| Market Cap Growth (1 Year) | 396.09% increase as of July 31, 2025 |
| Revenue Guidance (Full Year 2024) | $165 million to $180 million |
The company's journey since its public listing in December 2021 has been marked by strategic moves to enhance its capabilities and financial standing. The acquisition of Pangiam in early 2024 significantly bolstered its vision AI offerings and expanded its customer base within government sectors. This period also saw a crucial leadership transition, with Kevin McAleenan taking the helm as CEO in January 2025, bringing a founder-led perspective. Financially, the company has focused on strengthening its balance sheet, evidenced by the restructuring of convertible notes in late 2024 and a notable increase in cash reserves by the first quarter of 2025. These developments have contributed to a substantial increase in market capitalization, reflecting investor confidence and the company's growth trajectory. Understanding the Brief History of BigBear.ai provides context for these recent ownership trends.
Institutional Investor Activity
As of August 2025, institutional investors hold over 131 million shares. AE Industrial Partners remains a key stakeholder, indicating continued strategic involvement.
Retail Investor Influence
Individual investors collectively represent the largest ownership segment at 56% as of February 2025. This significant retail ownership can impact corporate decisions.
Strategic Acquisitions and Leadership
The acquisition of Pangiam in Q1 2024 enhanced AI capabilities. Kevin McAleenan's appointment as CEO in January 2025 signals a new leadership phase.
Financial Health and Growth
The company's market capitalization saw a 396.09% increase in one year by July 31, 2025. Financial restructuring and increased cash reserves support future growth.
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- What is Brief History of BigBear.ai Company?
- What is Competitive Landscape of BigBear.ai Company?
- What is Growth Strategy and Future Prospects of BigBear.ai Company?
- How Does BigBear.ai Company Work?
- What is Sales and Marketing Strategy of BigBear.ai Company?
- What are Mission Vision & Core Values of BigBear.ai Company?
- What is Customer Demographics and Target Market of BigBear.ai Company?
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