APP vs BBAI: AI Stock Comparison

AppLovin Corporation vs BigBear.ai Holdings, Inc.: AI exposure, key metrics, next earnings dates, upcoming catalysts and risks — every number linked to its source.

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Tie: both score 4/5 on AI exposure under our rubric; compare the catalysts and risks below. The score measures how directly each business is tied to AI, not which stock to buy.
⏱ Next catalyst: Not enough tracked catalysts to compare.
$APP
AppLovin Corporation
AI-driven ad platform for apps and e-commerce.
$BBAI
BigBear.ai Holdings, Inc.
AI decision-support for defense and government.
AI exposure score⚡⚡⚡⚡⚡ 4/5⚡⚡⚡⚡⚡ 4/5
Shares outstandingNot shown (multiple share classes or no recent cover-page figure)481.4M
as of 2026-10-23 · 10-Q cover page · SEC filing
CategoryAI softwareAI software
Key metrics
Revenue (latest quarter) $2.18B
10-Q period ended 2026-09-30; +55% y/y · SEC filing
Operating income $1.71B
Same quarter; 78% operating margin · SEC filing
Net income $1.44B
Same quarter · SEC filing
Revenue (latest quarter) $43.6M
10-Q period ended 2026-09-30; +31% y/y · SEC filing
Gross margin 31.2%
Gross profit / revenue, same quarter · SEC filing
Operating income -$100.0M
Same quarter; -229% operating margin · SEC filing
Next earningsNot yet announced / not on our calendarNot yet announced / not on our calendar
Next catalystNot yet announced / not on our calendarNot yet announced / not on our calendar
Upcoming catalystsNone trackedNone tracked
Most recent reported
Nov 4, 2026
Applovin Corporation reports quarterly results · source
AI-driven ad engine; one of the market's AI winners. Q3 revenue $2.19B (+55% y/y); net income $1.44B (+72%); Adjusted EBITDA $1.84B.
Oct 27, 2026
BigBear.ai, Inc. reports quarterly results · source
BigBear.ai: government/defense AI analytics; small-cap AI sentiment gauge. Revenue: $43.6M (+31% y/y), per 10-Q.
Key risks
  • “The development and use of AI in our business, combined with an uncertain regulatory environment, may adversely affect our business, reputation, financial condition or results of operations.” — 10-K risk factor (filed 2026-02-19) · source
  • “Our revenue has been concentrated in the mobile app ecosystem and any failure to successfully expand and diversify our revenue sources beyond the mobile ecosystem could adversely affect our…” — 10-K risk factor (filed 2026-02-19) · source
  • “We depend on computing infrastructure operated by Amazon Web Services (AWS), Google Cloud Platform (GCP), Microsoft Azure, and other third parties and data centers to support some of our…” — 10-K risk factor (filed 2026-03-02) · source
  • “We may not be able to generate sufficient cash to service all of our indebtedness, including the Convertible Notes, and may be forced to take other actions to satisfy our obligations under…” — 10-K risk factor (filed 2026-03-02) · source
AI angle

AppLovin's AXON machine-learning engine powers its ad business; model performance drives advertiser spend and margins.

BigBear.ai sells AI analytics, vision and decision tools mainly to U.S. government customers; contract timing makes revenue lumpy.

Full analysis: $APP →Full analysis: $BBAI →

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