Business Combinations (Tables)

3 Months Ended

Mar. 31, 2024

Business Combination and Asset Acquisition [Abstract]

Schedule of Assets and Liabilities Assumed

The following table summarizes the fair value of the consideration transferred and the estimated fair values of the major classes of assets acquired and liabilities assumed as of the acquisition date.

	February 29, 2024
Holdback amount	3,500
Equity issued	207,776
Purchase consideration	$	211,276
Assets:
Cash	$	13,935
Accounts receivable	5,848
Prepaid expenses and other current assets	143
Property and equipment	635
Right of use Assets	5,754
Intangible assets	39,100
Other non-current assets	1,772
Total assets acquired	$	67,187
Liabilities:
Accounts payable	1,137
Accrued expenses	2,454
Other current liabilities	69
Deferred revenue	1,148
Current portion of long-term lease liability	1,080
Long-term lease liability	6,109
Total liabilities acquired	$	11,997
Fair value of net identifiable assets acquired	55,190
Goodwill	$	156,086

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

The following table summarizes the intangible assets acquired by class:

	February 29, 2024
Technology	$	19,600
Trade names	2,400
Customer relationships	17,100
Total intangible assets	$	39,100

Schedule of Pro Forma Information

The following table presents the pro forma consolidated results of operations of BigBear.ai for the three months ended March 31, 2024 and the year ended December 31, 2023 as though the acquisition of Pangiam had been completed as of January 1, 2023.

	Three months ended March 31, 2024		Year ended December 31, 2023
Net revenue	$	39,432	$	195,813
Net loss	(130,071)		(84,789)