BigBear.ai Holdings appoints Anthony Evangelista to board and committees

BigBear.ai Holdings, Inc. (NYSE:BBAI), an artificial intelligence company with a market capitalization of $2.3 billion, announced that its board of directors elected Anthony (Tony) Evangelista as a director on Tuesday. According to InvestingPro data, the company’s stock has shown significant volatility, with a remarkable 353% return over the past year despite recent pullbacks. According to a statement released via SEC filing, Evangelista will also serve on the Audit Committee and Compensation Committee of the board.

Evangelista is a retired partner of PriceWaterhouseCoopers, where he served in various financial services roles from 1985 to 1993 and from 1996 until 2019. He also previously held the position of Assistant Chief Accountant in the Division of Investment Management at the U.S. Securities and Exchange Commission from 1993 to 1996. His appointment comes at a crucial time for BigBear.ai, as InvestingPro analysis shows the company maintains a healthy balance sheet with more cash than debt, though it’s currently not profitable.

BigBear.ai stated that Evangelista will receive compensation under the company’s standard director compensation policy, including a prorated annual restricted stock unit award, as described in the company’s proxy statement for its 2025 Annual Meeting of Stockholders.

The company reported that Evangelista has signed its standard indemnification agreement for directors. There are no arrangements or understandings with any other parties related to his selection as a director, and Evangelista is not involved in any transactions requiring disclosure under SEC regulations. The company also noted that there are no family relationships between Evangelista and any current directors or executive officers. For deeper insights into BigBear.ai’s governance and financial metrics, including 12 additional exclusive ProTips and comprehensive valuation analysis, investors can access the full research report on InvestingPro.

This information is based on a press release statement included in a filing with the Securities and Exchange Commission.

In other recent news, BigBear.ai reported a significant miss in its second-quarter 2025 earnings, with both earnings per share (EPS) and revenue falling short of expectations. The company posted an EPS of -$0.71, compared to the anticipated -$0.06, and revenue of $32.5 million, missing the forecasted $41.19 million. As a result, BigBear.ai adjusted its full-year revenue guidance to between $125.0 million and $140.0 million, down from the previous range of $160.0 million to $180.0 million. H.C. Wainwright responded by lowering its stock price target to $8.00 from $9.00, maintaining a Buy rating, while Cantor Fitzgerald increased its target to $6.00, citing improved financial flexibility despite execution issues.

Additionally, BigBear.ai launched a new cargo security management solution in Panama in collaboration with Narval Holding Corp. This AI-driven solution aims to improve supply chain transparency and curb illicit trafficking, with plans for expansion to other regions. The company also integrated its Pangiam Threat Detection solution with Smiths Detection’s screening systems, now available for airports globally. This integration, which offers real-time detection of prohibited items, has completed testing and is being trialed at several international airports.

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