As of the latest data point for Q4'25, BBAI reported an operating income of -24.3M USD, reflecting a year-over-year change of -308%. This marks a significant deterioration compared to the previous quarter, indicating continued operational losses. Over the period from Q1'23 to Q4'25, BBAI's operating income has exhibited considerable volatility, with losses deepening sharply in certain quarters, most notably in Q1'24 (-98.1M USD) and Q2'25 (-88.4M USD). While there were periods of sequential improvement, such as in Q4'24 when losses narrowed to -5.95M USD, these were followed by renewed declines. The YoY growth rate also fluctuated, swinging from strong positive figures in 2023 to steep negative values in 2024 and 2025, highlighting ongoing instability in operational performance.