BigBear.ai (BBAI) 10-Q12 Aug 222022 Q2 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2022	Aug. 05, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-40031
Entity Registrant Name	BigBear.ai Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-4164597
Entity Address, Address Line One	6811 Benjamin Franklin Drive
Entity Address, Address Line Two	Suite 200
Entity Address, City or Town	Columbia
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	21046
City Area Code	410
Local Phone Number	312-0885
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		126,265,764
Entity Central Index Key	0001836981
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common stock, $0.0001 par value
Trading Symbol	BBAI
Security Exchange Name	NYSE
Redeemable warrants, each full warrant exercisable for one share of common stock at an exercise price of $11.50 per share
Document Information [Line Items]
Title of 12(b) Security	Redeemable warrants, each full warrant exercisable for one share of common stock at an exercise price of $11.50 per share
Trading Symbol	BBAI.WS
Security Exchange Name	NYSE

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 29,829	$ 68,900
Restricted cash	0	101,021
Accounts receivable, less allowance for doubtful accounts of $87 as of June 30, 2022 and $43 as of December 31, 2021	28,546	28,605
Contract assets	1,252	628
Prepaid expenses and other current assets	8,097	7,028
Total current assets	67,724	206,182
Non-current assets:
Property and equipment, net	1,433	1,078
Goodwill	67,164	91,636
Intangible assets, net	89,456	83,646
Other non-current assets	727	780
Total assets	226,504	383,322
Current liabilities:
Accounts payable	6,354	5,475
Short-term debt, including current portion of long-term debt	1,921	4,233
Accrued liabilities	15,978	10,735
Contract liabilities	3,714	4,207
Derivative liabilities	0	44,827
Other current liabilities	881	541
Total current liabilities	28,848	70,018
Non-current liabilities:
Long-term debt, net	191,341	190,364
Deferred tax liabilities	390	248
Other non-current liabilities	136	324
Total liabilities	220,715	260,954
Commitments and contingencies (Note K)
Stockholders’ equity:
Common stock, par value $0.0001; 500,000,000 shares authorized and 126,263,451 shares issued at June 30, 2022 and 135,566,227 at December 31, 2021	14	14
Additional paid-in capital	270,184	253,744
Treasury stock, at cost 9,952,803 shares at June 30, 2022 and — shares at December 31, 2021	(57,350)	0
Accumulated deficit	(207,059)	(131,390)
Total stockholders’ equity	5,789	122,368
Total liabilities and stockholders’ equity	$ 226,504	$ 383,322

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Accounts receivable allowance	$ 87	$ 43
Common Stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Common shares authorized (in shares)	500,000,000	500,000,000
Common stock issued (in shares)	126,263,451	135,566,227
Common stock outstanding (in shares)	126,263,451	135,566,227
Treasury stock, shares (in shares)	9,952,803	0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenues	$ 37,613	$ 36,311	$ 74,003	$ 71,881
Cost of revenues	28,023	27,148	54,546	52,438
Gross margin	9,590	9,163	19,457	19,443
Operating expenses:
Selling, general and administrative	26,952	10,405	48,972	20,519
Research and development	2,535	1,867	5,409	2,795
Transaction expenses	186	0	1,585	0
Goodwill impairment	35,252	0	35,252	0
Operating loss	(55,335)	(3,109)	(71,761)	(3,871)
Interest expense	3,554	1,849	7,109	3,709
Net decrease in fair value of derivatives	(199)	0	(1,462)	0
Other (income) expense	(26)	0	4	(1)
Loss before taxes	(58,664)	(4,958)	(77,412)	(7,579)
Income tax benefit	(1,820)	(1,783)	(1,743)	(1,967)
Net loss	$ (56,844)	$ (3,175)	$ (75,669)	$ (5,612)
Basic net loss per share (in usd per share)	$ (0.45)	$ (0.03)	$ (0.59)	$ (0.05)
Diluted net loss per share (in usd per share)	$ (0.45)	$ (0.03)	$ (0.59)	$ (0.05)
Weighted-average shares outstanding:
Weighted-average shares outstanding, Basic (in shares)	126,223,903	105,000,000	129,037,598	105,000,000
Weighted-average shares outstanding, Diluted (in shares)	126,223,903	105,000,000	129,037,598	105,000,000

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands		Total	Common Stock	Additional paid-in capital	Treasury Stock	Accumulated deficit
Beginning balance, common shares (in shares) at Dec. 31, 2020	[1]		105,000,000
Beginning balance at Dec. 31, 2020	[1]	$ 100,397	$ 11	$ 108,224	$ 0	$ (7,838)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		(5,612)				(5,612)
Equity-based compensation expense		56		56
Ending balance, common shares (in shares) at Jun. 30, 2021			105,000,000
Ending balance at Jun. 30, 2021		94,841	$ 11	108,280	0	(13,450)
Beginning balance, common shares (in shares) at Mar. 31, 2021			105,000,000
Beginning balance at Mar. 31, 2021		97,985	$ 11	108,249	0	(10,275)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		(3,175)				(3,175)
Equity-based compensation expense		31		31
Ending balance, common shares (in shares) at Jun. 30, 2021			105,000,000
Ending balance at Jun. 30, 2021		$ 94,841	$ 11	108,280	0	(13,450)
Beginning balance, common shares (in shares) at Dec. 31, 2021		135,566,227	135,556,227
Beginning balance at Dec. 31, 2021		$ 122,368	$ 14	253,744	0	(131,390)
Ending balance, common shares (in shares) at Mar. 31, 2022			125,603,424
Ending balance at Mar. 31, 2022		$ 50,051	$ 14	257,602	(57,350)	(150,215)
Beginning balance, common shares (in shares) at Dec. 31, 2021		135,566,227	135,556,227
Beginning balance at Dec. 31, 2021		$ 122,368	$ 14	253,744	$ 0	(131,390)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		(75,669)				(75,669)
Equity-based compensation expense		8,938		8,938
Repurchase of shares as a result of Forward Share Purchase Agreements (in shares)			(9,952,803)		(9,952,803)
Repurchase of shares as a result of Forward Share Purchase Agreements		(57,350)			$ (57,350)
Issuance of common stock as consideration for the acquisition of ProModel Corporation (in shares)			649,976
Issuance of common stock as consideration for the acquisition of ProModel Corporation		7,501		7,501
Exercise of warrants (in shares)			51
Exercise of warrants		$ 1		1
Ending balance, common shares (in shares) at Jun. 30, 2022		126,263,451	126,253,451
Ending balance at Jun. 30, 2022		$ 5,789	$ 14	270,184	(57,350)	(207,059)
Beginning balance, common shares (in shares) at Mar. 31, 2022			125,603,424
Beginning balance at Mar. 31, 2022		50,051	$ 14	257,602	(57,350)	(150,215)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss		(56,844)				(56,844)
Equity-based compensation expense		5,080		5,080
Issuance of common stock as consideration for the acquisition of ProModel Corporation (in shares)			649,976
Issuance of common stock as consideration for the acquisition of ProModel Corporation		7,501		7,501
Exercise of warrants (in shares)			51
Exercise of warrants		$ 1		1
Ending balance, common shares (in shares) at Jun. 30, 2022		126,263,451	126,253,451
Ending balance at Jun. 30, 2022		$ 5,789	$ 14	$ 270,184	$ (57,350)	$ (207,059)

[1]The units of the Company prior to the Merger (as defined in Note A—Description of the Business) have been retroactively restated to reflect the exchange ratio established in the Merger (computed as 105,000,000 shares of Common Stock to 100 Company units)

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Parenthetical) - shares	Dec. 07, 2021	Dec. 06, 2021	Jun. 30, 2022	Dec. 31, 2021
Common stock issued (in shares)		105,000,000	126,263,451	135,566,227
BigBear Holdings
Common units converted (in shares)	100	100

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net loss	$ (75,669)	$ (5,612)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization expense	3,726	3,673
Amortization of debt issuance costs	1,047	286
Equity-based compensation expense	8,938	56
Goodwill impairment	35,252	0
Provision for doubtful accounts	44	0
Deferred income tax expense (benefit)	(1,594)	(1,996)
Net decrease in fair value of derivatives	(1,462)	0
Changes in assets and liabilities:
Decrease (increase) in accounts receivable	758	(1,580)
(Increase) decrease in contract assets	(226)	1,557
Decrease (increase) in prepaid expenses and other assets	535	(4,299)
Increase in accounts payable	874	2,251
(Decrease) increase in accrued liabilities	(2,509)	5,227
(Decrease) increase in contract liabilities	(2,048)	494
Increase in other liabilities	338	275
Net cash (used in) provided by operating activities	(31,996)	332
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired	(4,376)	(224)
Purchases of property and equipment	(508)	(282)
Net cash used in investing activities	(4,884)	(506)
Cash flows from financing activities:
Repurchase of shares as a result of forward share purchase agreements	(100,896)	0
Repayment of short-term borrowings	(2,312)	0
Payments for taxes related to net share settlement of equity awards	(4)	0
Repayment of term loan	0	(550)
Net cash used in financing activities	(103,212)	(550)
Net decrease in cash and cash equivalents and restricted cash	(140,092)	(724)
Cash and cash equivalents and restricted cash at the beginning of period	169,921	9,704
Cash and cash equivalents and restricted cash at the end of the period	29,829	8,980
Supplemental schedule of non-cash investing and financing activities:
Issuance of common stock as consideration for the acquisition of ProModel Corporation	7,501	0
Reconciliation of cash and cash equivalents and restricted cash:
Cash and cash equivalents	29,829
Restricted cash	0
Cash and cash equivalents and restricted cash at end of the period	$ 29,829	$ 8,980

Description of the Business

Description of the Business	6 Months Ended
Description of the Business	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business	Description of the Business BigBear.ai Holdings, Inc. ( “BigBear.ai”, “BigBear.ai Holdings”, or the “Company” ) is a leader in the use of Artificial Intelligence ( “AI” ) and Machine Learning ( “ML” ) for decision support. Our products and services are widely used by government agencies in the United States to support many of the nation’s most critical defense and intelligence capabilities. We also support several commercial customers by integrating our solutions to turn data into actionable information for operational decision making. Unless otherwise indicated, references to “we”, “us” and “our” refer collectively to BigBear.ai Holdings, Inc. and its consolidated subsidiaries. We operate in two reportable segments: Cyber & Engineering and Analytics. On December 7, 2021, the previously announced merger ( “Merger” ) with GigCapital4, Inc. ( “GigCapital4” ) was consummated pursuant to the business combination agreement (the “Agreement” ) dated June 4, 2021, as amended in July 2021 and December 2021, by and between GigCapital4 Merger Sub Corporation (the “Merger Sub” ), a wholly owned subsidiary of GigCapital4, BigBear.ai Holdings, and Parent. Immediately prior to the stockholder vote for the Merger, GigCapital4 executed a series of Forward Share Purchase Agreements ( “FPAs” ) with certain investors (the “Investors” ). Included within the FPAs was a provision that each of the Investors would not redeem their shares and instead would hold the shares for a period of up to three months following the consummation of the Merger, at which time they would have the right to sell the shares to the Company for $10.15 per share. During the three months ended March 31, 2022 , the Company repurchased all 9,952,803 shares of its common stock at the Investors’ request (refer to Note L—Written Put Option for detail). Upon the closing of the Merger, GigCapital4 was renamed to BigBear.ai, Holdings Inc., the U.S. Securities and Exchange Commission ( “SEC” ) registrant. As a result of the Merger, the Company received aggregate gross proceeds of $101,958 from GigCapital4’s trust account and PIPE Proceeds, and issued $200,000 of unsecured convertible notes that were convertible into 17,391,304 shares of the Company’s common stock at the initial Conversion Price of $11.50, subject to adjustment (refer to Note H—Debt for detail). Proceeds from the Merger were partially used to fund the $114,393 repayment of the Antares Loan and Merger transaction costs and other costs paid through the funds flow of $9,802, consisting of marketing, legal and other professional fees. The Merger is accounted for as a reverse recapitalization in which GigCapital4 is treated as the acquired company. For accounting purposes, the Merger is treated as the equivalent of BigBear.ai Holdings issuing equity for the net assets of GigCapital4 followed by a recapitalization. A reverse recapitalization does not result in a new basis of accounting, and the consolidated financial statements of the combined entity (BigBear.ai) represent the continuation of the consolidated financial statements of BigBear.ai Holdings in many respects. Immediately prior to the closing of the Merger, but following the consummation of GigCapital4’s domestication to a Delaware corporation, the authorized capital stock of GigCapital4 consisted of 501,000,000 shares, including (i) 500,000,000 shares of common stock and (ii) 1,000,000 shares of preferred stock. 135,566,227 shares of common stock and no shares of the preferred stock were outstanding as of December 31, 2021. At the effective time of the Merger, 100 units of BigBear.ai Holdings were cancelled and automatically deemed for all purposes to represent the Parent’s right to receive, in the aggregate, $75 million in cash and shares in GigCapital4, and Parent exchanged its 100 units of BigBear.ai Holdings for 105,000,000 shares of BigBear.ai’s common stock. In addition, 8,000,000 shares of PIPE financing were issued and 1,495,320 shares were issued to certain advisors. AE Industrial Partners, LP ( “AE” ) became the majority stockholder of the Company, via its ownership of PCISM Ultimate Holdings, LLC (subsequently renamed to BBAI Ultimate Holdings, LLC, “Parent”

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation We prepared these consolidated financial statements in accordance with U.S. generally accepted accounting principles ( “GAAP” ) for interim financial information, the instructions to Form 10-Q and Article 10 of SEC Regulation S-X. Accordingly, they do not include all information and notes required by GAAP for complete financial statements. Amounts presented within the consolidated financial statements and accompanying notes are presented in thousands of U.S. dollars unless stated otherwise, except for percentages, units, shares, per unit, and per share amounts. In the opinion of management, these consolidated financial statements reflect all adjustments that are of a normal recurring nature necessary for a fair presentation of our results of operations, financial condition, and cash flows for the interim periods presented. The preparation of these consolidated financial statements requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. We base these estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Our actual results may differ materially from these estimates. Significant estimates inherent in the preparation of our consolidated financial statements include, but are not limited to, accounting for revenue and cost recognition; evaluation of goodwill; intangible assets; and other assets for impairment; income taxes; equity-based compensation; fair value measurements; and contingencies. We eliminate intercompany balances and transactions in consolidation. The results of operations for the interim periods presented are not necessarily indicative of results to be expected for the full year or future periods. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2021. Emerging Growth Company Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act” ) exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Recently Adopted Accounting Pronouncements In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (“ ASC 805 ”), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (“ ASU 2021-08 ”). Upon the issuance of ASU No. 2014-09, Revenue from Contracts with Customers (“ ASC 606 ”), which provides a single comprehensive accounting model on revenue recognition for contracts with customers, stakeholders indicated that there are differing views on whether the concept of a performance obligation introduced by ASC 606 should be used to determine whether a contract liability is recognized in a business combination from revenue contracts. Before the adoption date of ASC 606, a liability for deferred revenue was generally recognized in an acquirer’s financial statements if it represented a legal obligation. The amendments in ASU 2021-08 address how to determine whether a contract liability is recognized by the acquirer in a business combination. Additionally, stakeholders raised questions about how to apply ASC 805 to contracts with a customer acquired in a business. Under current practice, the timing of payment for a revenue contract may subsequently affect the amount of post-acquisition revenue recognized by the acquirer. For example, if two revenue contracts with identical performance obligations are acquired but one contract is paid upfront before the acquisition and the other contract is paid over the contract term after the acquisition, the amount of revenue recognized by the acquirer after the business combination likely would differ between the two acquired contracts. The amendments in ASU 2021-08 resolve this inconsistency by providing specific guidance on how to recognize and measure acquired contract assets and contract liabilities from revenue contracts in a business combination. The new guidance will be effective for the years beginning after December 15, 2022. The Company prospectively adopted ASU 2021-08 as of January 1, 2022.

Business Combinations

Business Combinations	6 Months Ended
Business Combinations	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Business Combinations	Business Combinations ProModel Acquisition On April 7, 2022, the Company’s subsidiary BigBear.ai, LLC acquired 100% of the equity interest in ProModel Corporation (“ProModel Co rporation”), a leader in simulation-based predictive and prescriptive analytic software for process improvement enabling organizations to make better decisions, for approximately $16.0 million, subject to certain adjustments. This acquisition complements the Company’s previous acquisition of ProModel’s Government Services business, ProModel Government Solutions Inc. ( “ProModel Government Solutions” ), which closed on December 21, 2020. The acquisition was funded through a combination of cash on hand and the issuance of 649,976 shares of the Company’s common stock. ProModel Corporation is aligned under the Company’s Analytics business segment. The purchase agreement with the sellers of ProModel Corporation also stipulates that certain funds would be held in escrow (“ Indemnity Escrow Deposit ”, “ Distribution Withholding Deposit ”, and “ Adjustment Escrow Deposit ”), for the benefit of the seller. Pursuant to and subject to the terms and conditions of the Escrow Agreement, the Adjustment Escrow Amount of $200, the Distribution Withholding Escrow Amount of $100, and the Indemnity Escrow Amount of $100 shall be held in escrow until released in accordance with the purchase agreement and the Escrow Agreement. The following table summarizes the preliminary fair value of the consideration transferred and the preliminary estimated fair values of the major classes of assets acquired and liabilities assumed as of the acquisition date. April 7, 2022 Cash paid $ 8,470 Equity issued 7,501 Purchase consideration $ 15,971 Assets: Cash $ 4,094 Accounts receivable 743 Prepaid expenses and other current assets 1,600 Contract assets 398 Property and equipment 83 Other non-current assets 21 Intangible assets 9,300 Total assets acquired $ 16,239 Liabilities: Accounts payable 5 Accrued liabilities 7,752 Contract liabilities 1,555 Deferred tax liabilities 1,736 Total liabilities acquired $ 11,048 Fair value of net identifiable assets acquired 5,191 Goodwill $ 10,780 The following table summarizes the intangible assets acquired by class: April 7, 2022 Technology $ 3,500 Customer relationships 5,800 Total intangible assets $ 9,300 The acquired technology and customer relationship intangible assets have a weighted-average estimated useful lives of 7 years and 20 years, respectively. The amounts above represent the current preliminary fair value estimates as the measurement period is still open as of June 30, 2022. The Company is finalizing the valuation analysis. The fair value of the acquired technology was determined using the relief from royalty (“RFR”) method. The fair value of the acquired customer relationships was determined using the excess earnings method. The acquisition was accounted for as a business combination, whereby the excess of the purchase consideration over the fair value of identifiable net assets was allocated to goodwill. The goodwill reflects the potential synergies and expansion of the Company’s offerings across product lines and markets complementary to its existing products and markets. For tax purposes, the goodwill related to the acquisition is deductible. Pro Forma Financial Data (Unaudited) The following table presents the pro forma consolidated results of operations of BigBear.ai for the three and six-month periods ended June 30, 2022 and June 30, 2021 as though the acquisition of ProModel Corporation had been completed as of January 1, 2021. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net revenue $ 37,613 $ 37,819 $ 75,248 $ 74,783 Net loss (56,844) (1,479) (78,145) (4,950) Transaction expenses 186 — 1,585 — The amounts included in the pro forma information are based on the historical results and do not necessarily represent what would have occurred if all the business combinations had taken place as o f January 1, 2021, n or do they represent the results that may occur in the future. Accordingly, the pro forma financial information should not be relied upon as being indicative of the results that would have been realized had the acquisition occurred as of the date indicated or that may be achieved in the future. The Company incurred $186 and $1,585 of transaction expenses attributable to the acquisition of ProModel Corporation during the three and six months ended June 30, 2022.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
Fair Value of Financial Instruments	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Cash and cash equivalents, accounts receivable, contract assets, prepaid expenses and other current assets, accounts payable, short-term debt, including the current portion of long-term debt, accrued expenses, contract liabilities, and other current liabilities are reflected on the consolidated balance sheets at amounts that approximate fair value because of the short-term nature of these financial assets and liabilities. Private warrants and written put options are valued using a modified Black-Scholes option pricing model ( “OPM” ), which is considered to be a Level 3 fair value measurement. See Note N—Warrants for information on the Level 3 inputs used to value the private warrants and Note L—Written Put Option for information on the Level 3 inputs used to value the written put options. The table below presents the financial liabilities measured at fair value on a recurring basis: June 30, 2022 Balance Sheet Caption Level 1 Level 2 Level 3 Total Private warrants Other non-current liabilities $ — $ — $ 138 $ 138 Written put options Derivative liabilities — — — — December 31, 2021 Balance Sheet Caption Level 1 Level 2 Level 3 Total Private warrants Other non-current liabilities $ — $ — $ 319 $ 319 Written put options Derivative liabilities — — 44,827 44,827 The changes in the fair value of the Level 3 liabilities are as follows: Level 3 Private warrants Written put options December 31, 2021 $ 319 $ 44,827 Changes in fair value (138) (1,281) Settlements (43) (43,546) June 30, 2022 $ 138 $ —

Goodwill

Goodwill	6 Months Ended
Goodwill	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill During the second quarter of the fiscal year ending December 31, 2022, the Company identified factors indicating that the fair value of both the Cyber & Engineering and Analytics reporting units may be less than their respective carrying amounts and performed a qualitative goodwill impairment assessment. These factors were related to a shift in the Federal Government’s focus to address immediate needs in Ukraine, causing a slowdown in the pace of contract awards. This resulted in lower revenues than anticipated during the current period and causing future revenue projections to be revised. As a result, the Company determined that a quantitative goodwill impairment assessment should be performed. The Company utilized a combination of the discounted cash flow (“ DCF ”) method of the Income Approach and the Market Approach. Under the Income Approach, the future cash flows of the Company’s reporting units were projected based on estimates of future revenues, gross margins, operating income, excess net working capital, capital expenditures, and other factors. The Company utilized estimated revenue growth rates and cash flow projections. The discount rates utilized in the DCF method were based on a weighted-average cost of capital (“ WACC ”) determined from relevant market comparisons and adjusted for specific reporting unit risks and capital structure. A terminal value estimated growth rate was applied to the final year of the projected period and reflected the Company’s estimate of perpetual growth. The Company then calculated the present value of the respective cash flows for each reporting unit to arrive at an estimate of fair value under the Income Approach. The Market Approach is comprised of the Guideline Public Company and the Guideline Transactions Methods. The Guideline Public Company Method focuses on comparing the Company to selected reasonably similar (or guideline) publicly traded companies. Under this method, valuation multiples are: (i) derived from the operating data of selected guideline companies; (ii) evaluated and adjusted based on the strengths and weaknesses of the Company relative to the selected guideline companies; and (iii) applied to the operating data of the Company to arrive at an indication of value. In the Guideline Transactions Method, consideration is given to prices paid in recent transactions that have occurred in the Company’s industry or in related industries. The Company then reconciled the estimated fair value of its reporting units to its total public market capitalization as of the valuation date. The carrying value of the Cyber & Engineering reporting unit exceeded its fair value and accordingly the Company recorded a non-tax-deductible goodwill impairment charge of $35,252, which was included within the consolidated statement of operations for the three and six months ended June 30, 2022 . As of June 30, 2022, the estimated fair value of the Analytics reporting unit exceeded its carrying value by 8.3%. An increase in the WACC of approximately 1% or a reduction in the forecasted revenues of approximately 3% would result in an impairment of the goodwill within the Analytics reporting unit using the Income Approach. The table below presents the changes in the carrying amount of goodwill by reporting unit: Cyber & Analytics Total As of December 31, 2021 $ 35,252 $ 56,384 $ 91,636 Goodwill arising from the ProModel Corporation acquisition — 10,780 10,780 Goodwill impairment (35,252) — (35,252) As of June 30, 2022 $ — $ 67,164 $ 67,164 Accumulated impairment losses to goodwill were $35,252 as of June 30, 2022 and are related to the Cyber & Engineering reporting unit .

Prepaid expenses and other curr

Prepaid expenses and other current assets	6 Months Ended
Prepaid expenses and other current assets	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses and other current assets	Prepaid expenses and other current assets The table below presents details on prepaid expenses and other current assets: June 30, 2022 December 31, 2021 Prepaid expenses $ 4,732 $ 2,217 Prepaid insurance 2,099 4,265 Pre-contract costs (1) 1,266 546 Total prepaid expenses and other current assets $ 8,097 $ 7,028 (1) Costs incurred to fulfill a contract in advance of the contract being awarded are included in prepaid expenses and other current assets if we determine that those costs relate directly to a contract or to an anticipated contract that we can specifically identify and contract award is probable, the costs generate or enhance resources that will be used in satisfying performance obligations, and the costs are recoverable (referred to as pre-contract costs) . Pre-contract costs that are initially capitalized in prepaid assets and other current assets are generally recognized as cost of revenues consistent with the transfer of products or services to the customer upon the receipt of the anticipated contract. All other pre-contract costs, including start-up costs, are expensed as incurred. As of June 30, 2022 and December 31, 2021, $1,266 and $546 of pre-contract costs were included in prepaid expenses and other current assets, respectively.

Accrued Liabilities

Accrued Liabilities	6 Months Ended
Accrued Liabilities	Jun. 30, 2022
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities The table below presents details on accrued liabilities: June 30, 2022 December 31, 2021 Payroll accruals $ 12,876 $ 9,011 Accrued interest 597 842 Other accrued expenses 2,505 882 Total accrued liabilities $ 15,978 $ 10,735

Debt

Debt	6 Months Ended
Debt	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt The table below presents the Company’s debt balances: June 30, 2022 December 31, 2021 Convertible Notes $ 200,000 $ 200,000 Bank of America Senior Revolver — — D&O Financing Loan 1,921 4,233 Total debt 201,921 204,233 Less: unamortized issuance costs 8,659 9,636 Total debt, net 193,262 194,597 Less: current portion 1,921 4,233 Long-term debt, net $ 191,341 $ 190,364 Bank of America Senior Revolver On December 7, 2021 (the “ Closing Date ”), the Company entered into the senior credit agreement with Bank of America, N.A. (the “Bank of America Credit Agreement” ), providing the Company with a $50.0 million senior secured revolving credit facility (the “Senior Revolver” ). Proceeds from the Senior Revolver will be used to fund working capital needs, capital expenditures, and other general corporate purposes. The Senior Revolver matures on December 7, 2025 (the “Maturity Date” ). The Senior Revolver is secured by a pledge of 100% of the equity of certain of the Company’s wholly owned subsidiaries and a security interest in substantially all of the Company’s tangible and intangible assets. The Senior Revolver includes borrowing capacity available for letters of credit and for borrowings on same-day notice, referred to as the “swing loans.” Any issuance of letters of credit or making of a swing loan will reduce the amount available under the revolving credit facility. The Company may increase the commitments under the Senior Revolver in an aggregate amount of up to the greater of $18.8 million or 100% of consolidated adjusted EBITDA plus any additional amounts so long as certain conditions, including compliance with the applicable financial covenants for such period, in each case on a pro forma basis, are satisfied. Borrowings under the Senior Revolver bear interest, at the Company’s option, at: (i) A Base Rate plus a Base Rate Margin of 2.00%. Base Rate is a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate plus 0.50%, (b) the prime rate of Bank of America, N.A., and (c) Bloomberg Short-Term Yield Index (“ BSBY ”) Rate plus 1.00%; or (ii) The BSBY Rate plus a BSBY Margin of 1.00%. The Base Rate Margin and BSBY Margin became subject to adjustment based on the Company’s Secured Net Leverage Ratio after March 31, 2022. The Company is also required to pay unused commitment fees and letter of credit fees under the Bank of America Credit Agreement. The Bank of America Credit Agreement requires the Company to meet certain financial and other covenants. The Company was not in compliance with the Fixed Charge Coverage ratio requirement as of June 30, 2022, and as a result is currently unable to draw on the facility. The Company notified Bank of America N.A. of the covenant violation, and on August 9, 2022, entered into the First Amendment (the “Amendment” ) to the Bank of America Credit Agreement, which, among other things, waived the requirement that the Company demonstrate compliance with the minimum Fixed Charge Coverage ratio provided for in the Credit Agreement for the quarter ended June 30, 2022. See Note T—Subsequent Events of the consolidated financial statements included in this Quarterly Report on Form 10-Q for additional information regarding the Amendment. Based on current forecasts, management believes that it is reasonably likely that the Company may fail to meet the covenant requirements of the Bank of America Credit Agreement in future periods and therefore, may be unable to draw on the facility. Management performed a cash flow analysis to identify the Company’s projected approximate cash flow and liquidity needs for the next 12 months. Based on the Company’s projected cash flow and liquidity needs, we believe that our cash from operating activities generated from continuing operations during the year will be adequate for the next 12 months to meet our anticipated uses of cash flow, including payroll obligations, working capital, operating lease obligations, capital expenditures and debt service costs, and it is considered unlikely that the Company would require access to draw funds on the Senior Revolver in the foreseeable future. As of June 30, 2022, the Company had not drawn on the Line of Credit. Unamortized debt issuance costs of $476 as of June 30, 2022, are recorded on the balance sheet and are presented in other non-current assets. Convertible Notes Upon consummation of the Merger, the Company issued $200.0 million of unsecured convertible notes (the “Convertible Notes” ) to certain investors. The Convertible Notes bear interest at a rate of 6.0% per annum, payable semi-annually, and not including any interest payments that are settled with the issuance of shares, were initially convertible into 17,391,304 shares of the Company’s common stock at an initial Conversion Price of $11.50. The Conversion Price is subject to adjustments. On May 29, 2022, pursuant to the Convertible Note indenture, the conversion rate applicable to the Convertible Notes was adjusted to 94.2230 (previously 86.9565) shares of common stock per $1,000 principal amount of Convertible Notes because the average of the daily volume-weighted average price of the common stock during the preceding 30 trading days was less than $10.00 (the “ Conversion Rate Reset ”). After giving effect to the Conversion Rate Reset, the Conversion Price is $10.61 and the Convertible Notes are convertible into 18,844,600 shares, not including any interest payments that are settled with the issuance of shares. The Convertible Note financing matures on December 15, 2026. The Company may, at its election, force conversion of the Convertible Notes after December 15, 2022 and prior to October 7, 2026 if the trading price of the Company’s common stock exceeds 130% of the conversion price for 20 out of the preceding 30 trading days and the 30-day average daily trading volume ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to $3.0 million for the first two years after the initial issuance of the Convertible Notes and $2.0 million thereafter. Upon such conversion, the Company will be obligated to pay all regularly scheduled interest payments, if any, due on the converted Convertible Notes on each interest payment date occurring after the conversion date for such conversion to, but excluding, the maturity date (such interest payments, an “ Interest Make-Whole Payments ”). In the event that a holder of the Convertible Notes elects to convert the Convertible Notes (a) prior to December 15, 2024, the Company will be obligated to pay an amount equal to twelve months of interest or (b) on or after December 15, 2024 but prior to December 15, 2025, any accrued and unpaid interest plus any remaining amounts that would be owed up to, but excluding, December 15, 2025. The Interest Make-Whole Payments will be payable in cash or shares of the common stock at the Company’s election, as set forth in the Indenture. Following certain corporate events that occur prior to the maturity date or if the Company exercises its mandatory conversion right in connection with such corporate events, the conversion rate will be increased in certain circumstances for a holder who elects, or has been forced, to convert its Convertible Notes in connection with such corporate events. If a Fundamental Change (as defined in the Convertible Note indenture) occurs prior to the maturity date, holders of the Convertible Notes will have the right to require the Company to repurchase all or any portion of their Convertible Notes in principal amounts of one thousand dollars or an integral multiple thereof, at a repurchase price equal to the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date. The Convertible Notes require the Company to meet certain financial and other covenants. As of June 30, 2022, the Company was in compliance with all covenants. On May 29, 2022, pursuant to the conversion rate adjustment provisions in the Convertible Note indenture, the Conversion Price was adjusted to $10.61 (or 94.2230 shares of common stock per one thousand dollars of principal amount of Convertible Notes). Subsequent to the adjustment, the Convertible Notes are convertible into 18,844,600 shares, not including any interest payments that are settled with the issuance of shares. As of June 30, 2022 , the Company has an outstanding balance of $200.0 million related to the Convertible Notes, which is recorded on the balance sheet net of approximately $8.7 million of unamortized debt issuance costs. D&O Financing Loan On December 8, 2021, the Company entered into a $4,233 loan (the “D&O Financing Loan” ) with AFCO Credit Corporation to finance the Company’s directors and officers insurance premium. The D&O Financing Loan has an interest rate of 1.50% per annum and a maturity date of December 8, 2022.

Leases

Leases	6 Months Ended
Leases	Jun. 30, 2022
Leases [Abstract]
Leases	LeasesThe Company is obligated under operating leases for certain real estate and office equipment assets. Certain leases contained predetermined fixed escalation of minimum rents at rates ranging from 2.5% to 5.4% per annum and renewal options that could extend certain leases to up to an additional five years.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The table below presents the effective income tax rate for the following periods: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Effective tax rate 3.1 % 36.0 % 2.3 % 26.0 % The Company was taxed as a corporation for federal, state, and local income tax purposes for the three and six months ended June 30, 2022 and as a limited liability company which elected to be taxed as a corporation for federal, state, and local income tax purposes for the three and six months ended June 30, 2021. The effective tax rate for the three and six months ended June 30, 2022 differs from the U.S. federal income tax rate of 21.0% primarily due to state and local income taxes, permanent differences between book and taxable income, certain discrete items and the change in valuation allowance primarily resulting from the ProModel Corporation acquisition. The effective tax rate for the three and six months ended June 30, 2021 differs from the U.S. federal income tax rate of 21.0% primarily due to non-deductible transaction expenses, offset by state and local corporate income taxes.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Contingencies in the Normal Course of Business Under certain contracts with the U.S. government and certain governmental entities, contract costs, including indirect costs, are subject to audit by and adjustment through negotiation with governmental representatives. Revenue is recorded in amounts expected to be realized on final settlement of any such audits. Legal Proceedings The Company is subject to litigation, claims, investigations and audits arising from time to time in the ordinary course of business. Although legal proceedings are inherently unpredictable, the Company believes that it has valid defenses with respect to any matters currently pending against the Company and intends to defend itself vigorously. The outcome of these matters, individually and in the aggregate, is not expected to have a material impact on the Company’s consolidated balance sheets, consolidated statements of operations, or cash flows

Written Put Option

Written Put Option	6 Months Ended
Written Put Option	Jun. 30, 2022
Derivative Instrument Detail [Abstract]
Written Put Option	Written Put Option Immediately prior to the stockholder vote for the Merger, GigCapital4 executed a series of FPAs with Highbridge Tactical Credit Master Fund. L.P. and Highbridge SPAC Opportunity Fund, L.P. (the “ Highbridge Investors ”), Tenor Opportunity Master Fund Ltd. (“ Tenor ”), and Glazer Capital, LLC and Meteora Capital, LLC (the “ Glazer Investors ”, together with the Highbridge Investors and Tenor, the “ Investors ”). The FPAs provide that each of the Investors would not redeem their shares and instead would hold the shares for a period of up to three months following the consummation of the Merger, at which time they would have the right to sell the shares to the Company for $10.15 per share (the “ Written Put Option ”). The Investors had the right to sell shares on the open market before the end of the three-month period provided that the share price was at least $10.00 per share. If the Investors sold any shares in the open market within the first month of the three-month period and at a price greater than $10.05 per share, the Company would pay the Investors $0.05 per share sold. The following table indicates the aggregate number of shares of common stock subject to the FPAs by each Investor: December 6, 2021 Highbridge Investors 2,453,195 Tenor 2,499,608 Glazer Investors 5,000,000 Total shares 9,952,803 During the three months ended March 31, 2022 , the Company settled the derivative liability associated with the Written Put Option by repurchasing all 9,952,803 shares of its common stock at the Investors’ request. Certain of the Investors requested for their shares to be repurchased prior to the end of the three-month period at a reduced price per share. As a result, 5,000,000 shares were repurchased at $10.125 per share during the first quarter of 2022. Of the $101,021 previously presented as restricted cash on the Company’s consolidated balance sheets on December 31, 2021, $100,896 was released from the escrow account to settle the obligation to Investors and the remaining $125 was reclassified to cash and cash equivalents. The table below presents the value of the Written Put Option under the Black-Scholes OPM using the following assumptions as of the following date: December 31, 2021 Value of the written put options $ 4.50 Exercise price $ 10.15 Common stock price $ 5.66 Expected option term (in years) 0.18 Expected volatility 66.00% Risk-free rate of return 0.06% Expected annual dividend yield —% Public Warrants Each public warrant entitles the registered holder to purchase one share of common stock at a price of $11.50 per share, subject to adjustment. Pursuant to the warrant agreement, a warrant holder may exercise its warrants only for a whole number of shares of common stock. This means only a whole warrant may be exercised at a given time by a warrant holder. The warrants will expire on December 7, 2026, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation. The Company may call the public warrants for redemption as follows: (1) in whole and not in part; (2) at a price of $0.01 per warrant; (3) upon a minimum of 30 days’ prior written notice of redemption; (4) if there is an effective registration statement covering the shares of common stock issuable upon exercise of the warrants and a current prospectus available throughout the 30-day notice period; and (5) only if the last reported closing price of the common stock equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders. If the Company calls the public warrants for redemption, management will have the option to require all holders that wish to exercise the Company public warrants to do so on a “cashless basis.” The exercise price and number of shares of common stock issuable upon exercise of the warrants may be adjusted in certain circumstances including stock dividends, stock splits, extraordinary dividends, consolidation, combination, reverse stock split or reclassification of shares of the Company’s common stock or other similar event. In no event will the Company be required to net cash settle the warrant shares. As of June 30, 2022 and December 31, 2021, there were 12,005,879 and 11,959,939 public warrants issued and outstanding, respectively. Private Warrants The terms and provisions of the public warrants above also apply to the private warrants. If the private warrants are held by holders other than GigAcquisitions4, LLC (“ Sponsor ”), Oppenheimer & Co. Inc. and Nomura Securities International, Inc. (together, the “Underwriters” ), or any respective permitted transferees, the private warrants will be redeemable by the Company and exercisable by the holders on the same basis as the public warrants. The Sponsor, the Underwriters, and any respective permitted transferees have the option to exercise the private warrants on a cashless basis. The table below presents the value of the private warrants under the Black-Scholes OPM using the following assumptions as of the following dates: June 30, 2022 December 31, 2021 Fair value of each private warrant $ 0.43 $ 0.87 Exercise price $ 11.50 $ 11.50 Common stock price $ 3.68 $ 5.66 Expected option term (in years) 4.40 4.94 Expected volatility 46.50% 39.50% Risk-free rate of return 3.00% 1.25% Expected annual dividend yield —% —% As of June 30, 2022, the private warrants have a fair value of $138 and are presented on the consolidated balance sheets within other non-current liabilit ies. The gain of $199 and $181 recognized as a result of the change in fair value for the three and six months ended June 30, 2022, respectively, are presented in net decrease in fair value of derivatives on the consolidated statements of operations. As of June 30, 2022 and December 31, 2021, there were 319,893 and 366,533 private warrants issued and outstanding, respectively.

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
Stockholders’ Equity	Jun. 30, 2022
Equity [Abstract]
Stockholders’ Equity	Stockholders’ Equity Common stock The table below presents the details of the Company’s authorized common stock as of the following periods: June 30, 2022 December 31, 2021 Common stock: Authorized shares of common stock 500,000,000 500,000,000 Common stock par value per share $ 0.0001 $ 0.0001 Common stock outstanding at the period end 126,263,451 135,566,227 Treasury Stock During the six months ended June 30, 2022, the Company repurchased 9,952,803 shares at a cost of $57,350 to settle the Company’s obligations under the FPAs. These shares are measured at cost and presented as treasury stock on the consolidated balance sheets and consolidated statements of stockholders’ equity. Dividend Rights Subject to applicable law and the rights, if any, of the holders of any outstanding series of the Company’s preferred stock or any class or series of stock having a preference over or the right to participate with the Company’s common stock with respect to the payment of dividends, dividends may be declared and paid ratably on the Company’s common stock out of the assets of the Corporation that are legally available for this purpose at such times and in such amounts as the Company’s Board in its discretion shall determine. Voting Rights Each outstanding share of the Company’s common stock is entitled to one vote on all matters submitted to a vote of stockholders. Holders of shares of common stock do not have cumulative voting rights. Conversion or Redemption Rights The Company’s common stock is neither convertible nor redeemable. Liquidation Rights Upon the Company’s liquidation, the holders of the Company’s common stock are entitled to receive prorata the Company’s assets that are legally available for distribution, after payment of all debts and other liabilities and subject to the prior rights of any holders of the Company’s preferred stock then outstanding. Preferred stock The table below presents the details of the Company’s authorized preferred stock as of the following periods: June 30, 2022 December 31, 2021 Preferred stock: Authorized shares of preferred stock 1,000,000 1,000,000 Preferred stock par value per share $ 0.0001 $ 0.0001 Preferred stock outstanding at the period end — — The Company’s Board may, without further action by the Company’s stockholders, from time to time, direct the issuance of shares of preferred stock in series and may, at the time of issuance, determine the designations, powers, preferences, privileges and relative participating, optional or special rights as well as the qualifications, limitations or restrictions thereof, including dividend rights, conversion rights, voting rights, terms of redemption and liquidation preferences, any or all of which may be greater than the rights of the Company’s common stock. Satisfaction of any dividend preferences of outstanding shares of the Company’s preferred stock would reduce the amount of funds available for the payment of dividends on shares of the Company’s common stock. Upon the affirmative vote of a majority of the total number of directors then in office, the Company’s Board may issue shares of the Company’s preferred stock with voting and conversion rights which could adversely affect the holders of shares of the Company’s common stock.

Warrants

Warrants	6 Months Ended
Warrants	Jun. 30, 2022
Warrants and Rights Note Disclosure [Abstract]
Warrants	Written Put Option Immediately prior to the stockholder vote for the Merger, GigCapital4 executed a series of FPAs with Highbridge Tactical Credit Master Fund. L.P. and Highbridge SPAC Opportunity Fund, L.P. (the “ Highbridge Investors ”), Tenor Opportunity Master Fund Ltd. (“ Tenor ”), and Glazer Capital, LLC and Meteora Capital, LLC (the “ Glazer Investors ”, together with the Highbridge Investors and Tenor, the “ Investors ”). The FPAs provide that each of the Investors would not redeem their shares and instead would hold the shares for a period of up to three months following the consummation of the Merger, at which time they would have the right to sell the shares to the Company for $10.15 per share (the “ Written Put Option ”). The Investors had the right to sell shares on the open market before the end of the three-month period provided that the share price was at least $10.00 per share. If the Investors sold any shares in the open market within the first month of the three-month period and at a price greater than $10.05 per share, the Company would pay the Investors $0.05 per share sold. The following table indicates the aggregate number of shares of common stock subject to the FPAs by each Investor: December 6, 2021 Highbridge Investors 2,453,195 Tenor 2,499,608 Glazer Investors 5,000,000 Total shares 9,952,803 During the three months ended March 31, 2022 , the Company settled the derivative liability associated with the Written Put Option by repurchasing all 9,952,803 shares of its common stock at the Investors’ request. Certain of the Investors requested for their shares to be repurchased prior to the end of the three-month period at a reduced price per share. As a result, 5,000,000 shares were repurchased at $10.125 per share during the first quarter of 2022. Of the $101,021 previously presented as restricted cash on the Company’s consolidated balance sheets on December 31, 2021, $100,896 was released from the escrow account to settle the obligation to Investors and the remaining $125 was reclassified to cash and cash equivalents. The table below presents the value of the Written Put Option under the Black-Scholes OPM using the following assumptions as of the following date: December 31, 2021 Value of the written put options $ 4.50 Exercise price $ 10.15 Common stock price $ 5.66 Expected option term (in years) 0.18 Expected volatility 66.00% Risk-free rate of return 0.06% Expected annual dividend yield —% Public Warrants Each public warrant entitles the registered holder to purchase one share of common stock at a price of $11.50 per share, subject to adjustment. Pursuant to the warrant agreement, a warrant holder may exercise its warrants only for a whole number of shares of common stock. This means only a whole warrant may be exercised at a given time by a warrant holder. The warrants will expire on December 7, 2026, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation. The Company may call the public warrants for redemption as follows: (1) in whole and not in part; (2) at a price of $0.01 per warrant; (3) upon a minimum of 30 days’ prior written notice of redemption; (4) if there is an effective registration statement covering the shares of common stock issuable upon exercise of the warrants and a current prospectus available throughout the 30-day notice period; and (5) only if the last reported closing price of the common stock equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders. If the Company calls the public warrants for redemption, management will have the option to require all holders that wish to exercise the Company public warrants to do so on a “cashless basis.” The exercise price and number of shares of common stock issuable upon exercise of the warrants may be adjusted in certain circumstances including stock dividends, stock splits, extraordinary dividends, consolidation, combination, reverse stock split or reclassification of shares of the Company’s common stock or other similar event. In no event will the Company be required to net cash settle the warrant shares. As of June 30, 2022 and December 31, 2021, there were 12,005,879 and 11,959,939 public warrants issued and outstanding, respectively. Private Warrants The terms and provisions of the public warrants above also apply to the private warrants. If the private warrants are held by holders other than GigAcquisitions4, LLC (“ Sponsor ”), Oppenheimer & Co. Inc. and Nomura Securities International, Inc. (together, the “Underwriters” ), or any respective permitted transferees, the private warrants will be redeemable by the Company and exercisable by the holders on the same basis as the public warrants. The Sponsor, the Underwriters, and any respective permitted transferees have the option to exercise the private warrants on a cashless basis. The table below presents the value of the private warrants under the Black-Scholes OPM using the following assumptions as of the following dates: June 30, 2022 December 31, 2021 Fair value of each private warrant $ 0.43 $ 0.87 Exercise price $ 11.50 $ 11.50 Common stock price $ 3.68 $ 5.66 Expected option term (in years) 4.40 4.94 Expected volatility 46.50% 39.50% Risk-free rate of return 3.00% 1.25% Expected annual dividend yield —% —% As of June 30, 2022, the private warrants have a fair value of $138 and are presented on the consolidated balance sheets within other non-current liabilit ies. The gain of $199 and $181 recognized as a result of the change in fair value for the three and six months ended June 30, 2022, respectively, are presented in net decrease in fair value of derivatives on the consolidated statements of operations. As of June 30, 2022 and December 31, 2021, there were 319,893 and 366,533 private warrants issued and outstanding, respectively.

Equity-Based Compensation

Equity-Based Compensation	6 Months Ended
Equity-Based Compensation	Jun. 30, 2022
Share-based Payment Arrangement [Abstract]
Equity-Based Compensation	Equity-Based Compensation Class A Units granted to Board of Directors Prior to the Merger, certain members of the Board of Directors of the Company had elected to receive compensation for their services as a board member in stock, Class A units of the Parent. The number of units granted by the Parent were determined by dividing the compensation payable for the quarter by the fair value of the Class A units at the end of each respective quarter. No Class A units were granted to the Board of Directors during the three and six months ended June 30, 2022. The total value of the Class A units granted to such Board of Directors for the three and six months ended June 30, 2021 was $31 and $56, respectively, and is reflected in the selling, general and administrative expenses within the consolidated statements of operations. Class B Unit Incentive Plan In February 2021, the Company’s Parent adopted a compensatory benefit plan (the “Class B Unit Incentive Plan” ) to provide incentives to directors, managers, officers, employees, consultants, advisors, and/or other service providers of the Company’s Parent or its Subsidiaries in the form of the Parent’s Class B Units ( “Incentive Units” ). Incentive Units have a participation threshold of $1.00 and are divided into three tranches ( “Tranche I,” “Tranche II,” and “Tranche III” ). Tranche I Incentive Units are subject to performance-based, service-based, and market-based conditions. The grant date fair value for the Incentive Units was $5.19 per unit. The assumptions used in determining the fair value of the Incentive Units at the grant date are as follows: February 16, 2021 Volatility 57.0% Risk-free interest rate 0.1% Expected time to exit (in years) 1.6 On July 29, 2021, the Company’s Parent amended the Class B Unit Incentive Plan so that the Tranche I and the Tranche III Incentive Units immediately became fully vested, subject to continued employment or provision of services, upon the closing of the transaction stipulated in the Agreement and Plan of Merger (the “Merger Agreement” ) dated June 4, 2021. The Company’s Parent also amended the Class B Unit Incentive Plan so that the Tranche II Incentive Units will vest on any liquidation event, as defined in the Class B Unit Incentive Plan, rather than only upon the occurrence of an Exit Sale, subject to the market-based condition stipulated in the Class B Unit Incentive Plan prior to its amendment. Equity-based compensation for awards with performance conditions is based on the probable outcome of the related performance condition. The performance conditions required to vest per the amended Incentive Plan remain improbable until they occur due to the unpredictability of the events required to meet the vesting conditions. As such events are not considered probable until they occur, recognition of equity-based compensation for the Incentive Units is deferred until the vesting conditions are met. Once the event occurs, unrecognized compensation cost associated with the performance-vesting Incentive Units (based on their modification date fair value) will be recognized based on the portion of the requisite service period that has been rendered. The modification date fair value of the Incentive Units was $9.06 per unit. The assumptions used in determining the fair value of the Incentive Units at the modification date are as follows: July 29, 2021 Volatility 46.0% Risk-free interest rate 0.2% Expected time to exit (in years) 1.2 The volatility used in the determination of the fair value of the Incentive Units was based on analysis of the historical volatility of guideline public companies and factors specific to the Compa ny. On December 7, 2021, the previously announced Merger was consummated. As a result, the Tranche I and Tranche III Incentive Units immediately became fully vested and the performance condition for the Tranche II Incentive Units was met. The fair value determined at the date of the amendment of the Class B Unit Incentive Plan was immediately recognized as compensation expense on the vesting date for Tranches I and III. Compensation expense for the Tranche II Incentive Units is recognized over the derived service period of 30 months from the modification date, which resulted in approximately 17.0% of the compensation expense for Tranche II being recognized during the year ended December 31, 2021. The remaining compensation expense for the Tranche II Incentive Units will be recognized over the remaining service period of approximately 25 months. During the six months ended June 30, 2022, the Company’s Parent modified the vesting conditions for two former employees. Under the original terms of the grant agreements, Incentive Units are forfeited upon separation. Due to the amended agreement, the Incentive Units held by the former employees are no longer contingent upon service and are considered vested as of the separation dates. The former employees will not receive the awards until the market condition is achieved. The result of the amended agreement is an accounting modification that resulted in 100% of the compensation expense being recognized for the former employees based on the modification date fair value. The incremental compensation cost recognized as a result of the modification was $1,468 and $1,687 during the three and six months ended June 30, 2022, respectively. The total compensation expense recognized by the Company for Tranche II Incentive Units, including the effects of modifications, was as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Equity-based compensation expense in selling, general and administrative $ 2,921 $ — $ 5,274 $ — Equity-based compensation expense in cost of revenues 290 — 643 — Total compensation expense $ 3,211 $ — $ 5,917 $ — The table below presents the activity in Tranche II of the Class B Units: Unvested and outstanding as of December 31, 2021 3,760,000 Granted — Vested (1,040,000) Forfeited (250,000) Unvested and outstanding as of June 30, 2022 2,470,000 As of June 30, 2022, there was approximately $15,368 of unrecognized compensation costs related to Tranche II Incentive Units, which is expected to be recognized over the remaining weighted average period of 1.58 years. Stock Options On December 7, 2021, the Company adopted the BigBear.ai Holdings, Inc. 2021 Long-Term Incentive Plan (the “Plan” ). The purpose of the Plan is to promote the long-term success of the Company and the creation of stockholder value by providing eligible employees, prospective employees, consultants, and non-employee directors of the Company the opportunity to receive stock- and cash-based incentive awards. During the six months ended June 30, 2022, pursuant to the Plan, the Company’s Board of Directors granted certain grantees Stock Options to purchase shares of the Company’s common stock at a weighted-average exercise price of $6.60. The Stock Options vest over four years with 25% vesting on the one year anniversary of the grant date and then 6.25% per each quarter thereafter during years two, three and four. Vesting is contingent upon continued employment or service to the Company and is accelerated in the event of death, disability, or a change in control, subject to certain conditions; both the vested and unvested portion of a Grantee’s Option will be immediately forfeited and cancelled if the Grantee ceases employment or service to the Company. The Stock Options expire on the 10th anniversary of the grant date. The table below presents the fair value of the Stock Options as estimated on the grant date using the Black-Scholes OPM using the following assumptions: Stock Options grant date June 13, 2022 March 30, 2022 Number of Stock Options granted 101,215 424,017 Price of common stock on the grant date $ 4.94 $ 8.24 Expected option term (in years) 10.00 6.26 Expected volatility 57.0% 54.0% Risk-free rate of return 3.5% 2.4% Expected annual dividend yield —% —% Fair value of the Stock Options on the grant date $ 2.85 $ 4.67 The table below presents the activity in the Stock Options: Stock Options Outstanding Weighted-Average Exercise Price Per Share Weighted-Average Remaining Contractual Life (in years) Aggregate Intrinsic Value Unvested and outstanding as of December 31, 2021 482,000 $ 9.99 10.0 $ — Granted 525,234 6.60 Vested — — Forfeited (49,665) 9.14 Unvested and outstanding as of June 30, 2022 957,569 $ 8.18 9.6 $ — Stock Options vested and exercisable as of June 30, 2022 — $ — 0.0 $ — The Stock Options had no intrinsic value as of June 30, 2022. The Company recognizes equity-based compensation expense for the Options equal to the fair value of the awards on a straight-line basis over the service based vesting period. As of June 30, 2022 , there was approximately $3,786 of unrecognized compensation costs related to the Options, which is expected to be recognized over the remaining weighted average period of 3.50 years. Restricted Stock Units During the six months ended June 30, 2022, pursuant to the Plan, the Company’s Board of Directors communicated the key terms and committed to grant Restricted Stock Units ( “RSUs” ) to certain employees and nonemployee directors. The Company granted 2,951,377 RSUs to employees during the six months ended June 30, 2022. RSUs granted to employees generally vest over four years, with 25% vesting on the one year anniversary of the grant date and then 6.25% per each quarter thereafter during years two, three and four. RSUs granted to nonemployee directors vest 100% on the one year anniversary of the grant date. Vesting of RSUs is accelerated in the event of death, disability, or a change in control, subject to certain conditions The table below presents the activity in the RSUs: RSUs Weighted-Average Grant Date Fair Value Per Share Unvested and outstanding as of December 31, 2021 403,300 $ 10.03 Granted 2,951,377 5.46 Vested (3,591) 5.20 Forfeited (315,625) 5.49 Unvested and outstanding as of June 30, 2022 3,035,461 $ 6.07 As of June 30, 2022 , there was approximately $16,018 of unrecognized compensation costs related to the RSUs, which is expected to be recognized over the remaining weighted average period of 3.31 years. Performance Stock Units On December 7, 2021, pursuant to the Plan, the Company’s Board of Directors communicated the key terms and committed to grant Performance Stock Units ( “PSUs” ) to an employee. The grant date of this award is December 7, 2021. The percentage of vesting is based on achieving certain performance criteria during each of the four four The table below presents the activity in the PSUs: PSUs Weighted-Average Grant Date Fair Value Per Share Unvested and outstanding as of December 31, 2021 150,000 $ 10.03 Granted — — Vested — — Forfeited — — Unvested and outstanding as of June 30, 2022 150,000 $ 10.03 The Company recognized $82 and $185 of equity-based compensation expense for the PSUs during the three and six months ended June 30, 2022, respectively. As of June 30, 2022 , there was approximately $166 of unrecognized compensation costs related to the PSUs, which is expected to be recognized over the remaining weighted average period of 0.47 years. Employee Share Purchase Plan (“ESPP”) Concurrently with the adoption of the Plan, the Company’s Board of Directors adopted the 2021 Employee Stock Purchase Plan (the “ ESPP ”), which authorizes the grant of rights to purchase common stock of the Company to employees, officers, and directors (if they are otherwise employees) of the Company. As of January 1, 2022, the Company reserved an aggregate of 3,212,786 common shares (subject to annual increases on January 1 of each year and ending in 2031) of the Company’s common stock for grants under the ESPP. As of June 30, 2022 , no shares had been sold under the ESPP. As of June 30, 2022, the Company has withheld employee contributions of $421, which are presented on the consolidated balance sheets within other current liabilit ies. Equity-based compensation expense related to purchase rights issued under the ESPP is based on the Black-Scholes OPM fair value of the estimated number of awards as of the beginning of the offering period. Equity-based compensation expense is recognized using the straight-line method over the offering period. The table below presents the assumptions used to estimate the grant date fair value of the purchase rights under the ESPP: ESPP grant date May 1, 2022 Price of common stock on the grant date $ 10.01 Expected term (in years) 0.60 Expected volatility 56.0% Risk-free rate of return 1.5% Expected annual dividend yield —% Fair value of the award on the grant date $ 3.22 As of June 30, 2022 , there was approximately $381 of unrecognized compensation costs related to the ESPP, which is expected to be recognized over the remaining weighted average period of 0.42 years. Equity-based Compensation Expense The table below present the total equity-based compensation expense recognized for Class A and B Units, Stock Options, RSUs, PSUs and ESPP in selling, general and administrative expense, cost of revenues, and research and development for the following periods: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Equity-based compensation expense in selling, general and administrative $ 3,928 $ 31 $ 6,999 $ 56 Equity-based compensation expense in cost of revenues 1,009 — 1,709 — Equity-based compensation expense in research and development 143 — 230 — Total equity-based compensation expense $ 5,080 $ 31 $ 8,938 $ 56

Net Loss Per Share

Net Loss Per Share	6 Months Ended
Net Loss Per Share	Jun. 30, 2022
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share The numerators and denominators of the basic and diluted net loss per share are co mputed as follows (in thousands, except per share, unit and per unit data): Three Months Ended June 30, Six Months Ended June 30, Basic and diluted net loss per share 2022 2021 2022 2021 Numerator: Net loss $ (56,844) $ (3,175) $ (75,669) $ (5,612) Denominator: Weighted average shares outstanding—basic and diluted 126,223,903 105,000,000 129,037,598 105,000,000 Basic and diluted net loss per Share $ (0.45) $ (0.03) $ (0.59) $ (0.05) As of June 30, 2022

Revenues

Revenues	6 Months Ended
Revenues	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenues	Revenues All revenues were generated within the United States of America. The table below presents total revenues by contract type for the following periods: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Time and materials $ 26,659 $ 28,118 $ 50,657 $ 56,961 Firm fixed price 6,855 8,193 14,952 14,920 Cost-plus 4,099 — 8,394 — Total revenues $ 37,613 $ 36,311 $ 74,003 $ 71,881 The majority of the Company’s revenue is recognized over time. Revenue derived from contracts that recognize revenue at a point in time was insignificant for all periods presented. Concentration of Risk Revenue earned from customers contributing in excess of 10% of total revenues are presented in the tables below for the following periods: Three Months Ended June 30, 2022 Cyber & Analytics Total Percent of total Customer A $ 7,326 $ — $ 7,326 19 % Customer B 4,405 — 4,405 12 % Customer C (1) — 7,577 7,577 20 % All others 6,887 11,418 18,305 49 % Total revenues $ 18,618 $ 18,995 $ 37,613 100 % Three Months Ended June 30, 2021 Cyber & Analytics Total Percent of total Customer A $ 8,167 $ — $ 8,167 23 % Customer B 3,664 — 3,664 10 % Customer C (1) — — — — % All others 8,420 16,060 24,480 67 % Total revenues $ 20,251 $ 16,060 $ 36,311 100 % Six Months Ended June 30, 2022 Cyber & Analytics Total Percent of total Customer A $ 14,590 $ — $ 14,590 20 % Customer B 8,902 — 8,902 12 % Customer C (1) — 12,928 12,928 17 % All others 12,459 25,124 37,583 51 % Total revenues $ 35,951 $ 38,052 $ 74,003 100 % Six Months Ended June 30, 2021 Cyber & Analytics Total Percent of total Customer A $ 16,509 $ — $ 16,509 23 % Customer B 7,419 — 7,419 10 % Customer C (1) — — — — % All others 14,882 33,071 47,953 67 % Total revenues $ 38,810 $ 33,071 $ 71,881 100 % (1) Customers that contributed in excess of 10% of consolidated revenues in any period presented have been included in all periods presented for comparability. Contract Balances The table below presents the contract assets and contract liabilities included on the consolidated balance sheets for the following periods: June 30, December 31, Contract assets $ 1,252 $ 628 Contract liabilities $ 3,714 $ 4,207 The change in contract assets between December 31, 2021 and June 30, 2022 was primarily dri ven by services rendered for Analytics customers that are yet to be invoiced. The change in contract liability balances between December 31, 2021 and June 30, 2022 was primarily driven by services performed for an Analytics customer that had a large contract liability balance at December 31, 2021. Revenue recognized in the six months ended June 30, 2022 that was included in the contract liability balance as of December 31, 2021 was $4,207. When the Company’s estimate of total costs to be incurred to satisfy a performance obligation exceeds the expected revenue, the Company recognizes the loss immediately. When the Company determines that a change in estimate has an impact on the associated profit of a performance obligation, the Company records the cumulative positive or negative adjustment in the consolidated statements of operations . Changes in estimates and assumptions related to the status of certain long-term contracts may have a material effect on the Company’s operating results. The following table summarizes the impact of the net estimates at completion ( “EAC” ) adjustments on the Company’s operating results: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net EAC Adjustments, before income taxes $ (654) $ 758 $ (634) $ 982 Net EAC Adjustments, net of income taxes $ (517) $ 599 $ (501) $ 776 Net EAC Adjustments, net of income taxes, per diluted share $ — $ 0.01 $ — $ 0.01 Remaining Performance Obligations The Company includes in its computation of remaining performance obligations customer orders for which it has accepted signed sales orders and generally includes the funded and unfunded components of contracts that have been awarded. As of June 30, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was $130 million. The Company expects to recognize approximately 97% of its remaining performance obligations as revenue within the next 12 months and the balance thereafter.

Reportable Segment Information

Reportable Segment Information	6 Months Ended
Reportable Segment Information	Jun. 30, 2022
Segment Reporting [Abstract]
Reportable Segment Information	Reportable Segment Information The Company has determined that it operates in two operating and reportable segments, Cyber & Engineering and Analytics, as the Chief Operating Decision Maker ( “CODM” ) reviews financial information presented for both segments on a disaggregated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. Adjusted gross margin is the primary measure of segment profitability used by the CODM to assess performance and to allocate resources to the segments. Research and development costs incurred that generate marketable intellectual property (“ IP ”) and equity-based compensation are added back to the gross margin to derive the adjusted gross margin. Certain customer contracts that generate lower gross margin (revenue less direct costs including fringe and overheard costs) than the thresholds set by management are accepted as the work performed for these customer contracts also simultaneously generates reusable code and other IP that is used in the execution of future customer contracts that may potentially generate higher gross margin, or enhances the marketability of the products due to additional functionality or features. The tables below present the Company’s operating segment results of operations for the following periods: Three Months Ended June 30, 2022 Cyber & Analytics Total Revenues $ 18,618 $ 18,995 $ 37,613 Segment adjusted gross margin 4,561 7,488 12,049 Segment adjusted gross margin % 24 % 39 % 32 % Research and development costs excluded from segment adjusted gross margin (1,450) Equity-based compensation excluded from segment adjusted gross margin (1,009) Operating expenses: Selling, general and administrative 26,952 Research and development 2,535 Transaction expenses 186 Goodwill impairment 35,252 Operating loss (55,335) Net decrease in fair value of derivatives (199) Interest expense 3,554 Other income (26) Loss before taxes $ (58,664) Three Months Ended June 30, 2021 Cyber & Analytics Total Revenues $ 20,251 $ 16,060 $ 36,311 Segment adjusted gross margin 4,366 7,426 11,792 Segment adjusted gross margin % 22 % 46 % 32 % Research and development costs excluded from segment adjusted gross margin (2,629) Equity-based compensation excluded from segment adjusted gross margin — Operating expenses: Selling, general and administrative 10,405 Research and development 1,867 Transaction expenses — Goodwill impairment — Operating loss (3,109) Net decrease in fair value of derivatives — Interest expense 1,849 Other income — Loss before taxes $ (4,958) Six Months Ended June 30, 2022 Cyber & Analytics Total Revenues $ 35,951 $ 38,052 $ 74,003 Segment adjusted gross margin 8,306 16,415 24,721 Segment adjusted gross margin % 23 % 43 % 33 % Research and development costs excluded from segment adjusted gross margin (3,555) Equity-based compensation excluded from segment adjusted gross margin (1,709) Operating expenses: Selling, general and administrative 48,972 Research and development 5,409 Transaction expenses 1,585 Goodwill impairment 35,252 Operating loss (71,761) Net decrease in fair value of derivatives (1,462) Interest expense 7,109 Other expense 4 Loss before taxes $ (77,412) Six Months Ended June 30, 2021 Cyber & Analytics Total Revenues $ 38,810 $ 33,071 $ 71,881 Segment adjusted gross margin 8,575 15,725 24,300 Segment adjusted gross margin % 22 % 48 % 34 % Research and development costs excluded from segment adjusted gross margin (4,857) Equity-based compensation excluded from segment adjusted gross margin — Operating expenses: Selling, general and administrative 20,519 Research and development 2,795 Transaction expenses — Goodwill impairment — Operating loss (3,871) Net decrease in fair value of derivatives — Interest expense 3,709 Other income (1) Loss before taxes $ (7,579) The following table presents the assets by segment as of the following periods: June 30, 2022 December 31, 2021 Cyber & Analytics Corporate Total Cyber & Analytics Corporate Total Total assets $ 39,091 $ 178,503 $ 8,910 $ 226,504 $ 74,808 $ 154,085 $ 154,429 $ 383,322

Related Party Transactions

Related Party Transactions	6 Months Ended
Related Party Transactions	Jun. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party TransactionsThe Company incurred expenses related to consulting services provided by the affiliates of AE of $— and $265 during the six months ended June 30, 2022 and June 30, 2021, respectively. During the three and six months ended June 30, 2022, the Compa ny paid or accrued $589 and $1,175, respectively, as compensation expense for the members of the Board of Directors, including equity-based compensation related to the RSUs of $325 and $647, respectively, which is reflected in the selling, general and administrative expenses within the consolidated statements of operations. During the three and six months ended June 30, 2021 , the Company paid or accrued $7 and $57, respectively, as compensation expense for the Board of Directors, including aggregate fair value of $6 and $31, respectively, of Parent’s Class A Units.

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn August 9, 2022, the Company entered into the Amendment to the Bank of America Credit Agreement, which waived the requirement that the Company demonstrate compliance with the minimum Fixed Charge Coverage Ratio (as defined in the Bank of America Credit Agreement) for the quarter ended June 30, 2022. The Amendment does not provide the Company access to draw on the Senior Revolver, including the borrowing capacity available for letters of credit and swing loans thereunder. However, the Company may regain its access to draw on the Senior Revolver if it is able to provide the compliance certificate for the quarter ended September 30, 2022.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation We prepared these consolidated financial statements in accordance with U.S. generally accepted accounting principles ( “GAAP” ) for interim financial information, the instructions to Form 10-Q and Article 10 of SEC Regulation S-X. Accordingly, they do not include all information and notes required by GAAP for complete financial statements. Amounts presented within the consolidated financial statements and accompanying notes are presented in thousands of U.S. dollars unless stated otherwise, except for percentages, units, shares, per unit, and per share amounts. In the opinion of management, these consolidated financial statements reflect all adjustments that are of a normal recurring nature necessary for a fair presentation of our results of operations, financial condition, and cash flows for the interim periods presented. The preparation of these consolidated financial statements requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. We base these estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Our actual results may differ materially from these estimates. Significant estimates inherent in the preparation of our consolidated financial statements include, but are not limited to, accounting for revenue and cost recognition; evaluation of goodwill; intangible assets; and other assets for impairment; income taxes; equity-based compensation; fair value measurements; and contingencies. We eliminate intercompany balances and transactions in consolidation. The results of operations for the interim periods presented are not necessarily indicative of results to be expected for the full year or future periods. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2021.
Emerging Growth Company	Emerging Growth Company Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act” ) exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (“ ASC 805 ”), Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (“ ASU 2021-08 ”). Upon the issuance of ASU No. 2014-09, Revenue from Contracts with Customers (“ ASC 606 ”), which provides a single comprehensive accounting model on revenue recognition for contracts with customers, stakeholders indicated that there are differing views on whether the concept of a performance obligation introduced by ASC 606 should be used to determine whether a contract liability is recognized in a business combination from revenue contracts. Before the adoption date of ASC 606, a liability for deferred revenue was generally recognized in an acquirer’s financial statements if it represented a legal obligation. The amendments in ASU 2021-08 address how to determine whether a contract liability is recognized by the acquirer in a business combination. Additionally, stakeholders raised questions about how to apply ASC 805 to contracts with a customer acquired in a business. Under current practice, the timing of payment for a revenue contract may subsequently affect the amount of post-acquisition revenue recognized by the acquirer. For example, if two revenue contracts with identical performance obligations are acquired but one contract is paid upfront before the acquisition and the other contract is paid over the contract term after the acquisition, the amount of revenue recognized by the acquirer after the business combination likely would differ between the two acquired contracts. The amendments in ASU 2021-08 resolve this inconsistency by providing specific guidance on how to recognize and measure acquired contract assets and contract liabilities from revenue contracts in a business combination. The new guidance will be effective for the years beginning after December 15, 2022. The Company prospectively adopted ASU 2021-08 as of January 1, 2022.

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
Business Combinations (Tables)	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Assets And Liabilities Assumed	The following table summarizes the preliminary fair value of the consideration transferred and the preliminary estimated fair values of the major classes of assets acquired and liabilities assumed as of the acquisition date. April 7, 2022 Cash paid $ 8,470 Equity issued 7,501 Purchase consideration $ 15,971 Assets: Cash $ 4,094 Accounts receivable 743 Prepaid expenses and other current assets 1,600 Contract assets 398 Property and equipment 83 Other non-current assets 21 Intangible assets 9,300 Total assets acquired $ 16,239 Liabilities: Accounts payable 5 Accrued liabilities 7,752 Contract liabilities 1,555 Deferred tax liabilities 1,736 Total liabilities acquired $ 11,048 Fair value of net identifiable assets acquired 5,191 Goodwill $ 10,780
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	The following table summarizes the intangible assets acquired by class: April 7, 2022 Technology $ 3,500 Customer relationships 5,800 Total intangible assets $ 9,300
Schedule of Pro Forma Information	The following table presents the pro forma consolidated results of operations of BigBear.ai for the three and six-month periods ended June 30, 2022 and June 30, 2021 as though the acquisition of ProModel Corporation had been completed as of January 1, 2021. Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net revenue $ 37,613 $ 37,819 $ 75,248 $ 74,783 Net loss (56,844) (1,479) (78,145) (4,950) Transaction expenses 186 — 1,585 —

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
Fair Value of Financial Instruments (Tables)	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Financial Liabilities Measured At Fair Value On Recurring Basis	The table below presents the financial liabilities measured at fair value on a recurring basis: June 30, 2022 Balance Sheet Caption Level 1 Level 2 Level 3 Total Private warrants Other non-current liabilities $ — $ — $ 138 $ 138 Written put options Derivative liabilities — — — — December 31, 2021 Balance Sheet Caption Level 1 Level 2 Level 3 Total Private warrants Other non-current liabilities $ — $ — $ 319 $ 319 Written put options Derivative liabilities — — 44,827 44,827
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The changes in the fair value of the Level 3 liabilities are as follows: Level 3 Private warrants Written put options December 31, 2021 $ 319 $ 44,827 Changes in fair value (138) (1,281) Settlements (43) (43,546) June 30, 2022 $ 138 $ —

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
Goodwill (Tables)	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The table below presents the changes in the carrying amount of goodwill by reporting unit: Cyber & Analytics Total As of December 31, 2021 $ 35,252 $ 56,384 $ 91,636 Goodwill arising from the ProModel Corporation acquisition — 10,780 10,780 Goodwill impairment (35,252) — (35,252) As of June 30, 2022 $ — $ 67,164 $ 67,164

Prepaid expenses and other cu_2

Prepaid expenses and other current assets (Tables)	6 Months Ended
Prepaid expenses and other current assets (Tables)	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Current Assets	The table below presents details on prepaid expenses and other current assets: June 30, 2022 December 31, 2021 Prepaid expenses $ 4,732 $ 2,217 Prepaid insurance 2,099 4,265 Pre-contract costs (1) 1,266 546 Total prepaid expenses and other current assets $ 8,097 $ 7,028 (1) Costs incurred to fulfill a contract in advance of the contract being awarded are included in prepaid expenses and other current assets if we determine that those costs relate directly to a contract or to an anticipated contract that we can specifically identify and contract award is probable, the costs generate or enhance resources that will be used in satisfying performance obligations, and the costs are recoverable (referred to as pre-contract costs) .

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
Accrued Liabilities (Tables)	Jun. 30, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	The table below presents details on accrued liabilities: June 30, 2022 December 31, 2021 Payroll accruals $ 12,876 $ 9,011 Accrued interest 597 842 Other accrued expenses 2,505 882 Total accrued liabilities $ 15,978 $ 10,735

Debt (Tables)

Debt (Tables)	6 Months Ended
Debt (Tables)	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt	The table below presents the Company’s debt balances: June 30, 2022 December 31, 2021 Convertible Notes $ 200,000 $ 200,000 Bank of America Senior Revolver — — D&O Financing Loan 1,921 4,233 Total debt 201,921 204,233 Less: unamortized issuance costs 8,659 9,636 Total debt, net 193,262 194,597 Less: current portion 1,921 4,233 Long-term debt, net $ 191,341 $ 190,364

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
Income Taxes (Tables)	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The table below presents the effective income tax rate for the following periods: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Effective tax rate 3.1 % 36.0 % 2.3 % 26.0 %

Written Put Option (Tables)

Written Put Option (Tables)	6 Months Ended
Written Put Option (Tables)	Jun. 30, 2022
Derivative Instrument Detail [Abstract]
Schedule of Reverse Capitalization	The following table indicates the aggregate number of shares of common stock subject to the FPAs by each Investor: December 6, 2021 Highbridge Investors 2,453,195 Tenor 2,499,608 Glazer Investors 5,000,000 Total shares 9,952,803
Derivatives Fair Value Assumptions	The table below presents the value of the Written Put Option under the Black-Scholes OPM using the following assumptions as of the following date: December 31, 2021 Value of the written put options $ 4.50 Exercise price $ 10.15 Common stock price $ 5.66 Expected option term (in years) 0.18 Expected volatility 66.00% Risk-free rate of return 0.06% Expected annual dividend yield —% The table below presents the value of the private warrants under the Black-Scholes OPM using the following assumptions as of the following dates: June 30, 2022 December 31, 2021 Fair value of each private warrant $ 0.43 $ 0.87 Exercise price $ 11.50 $ 11.50 Common stock price $ 3.68 $ 5.66 Expected option term (in years) 4.40 4.94 Expected volatility 46.50% 39.50% Risk-free rate of return 3.00% 1.25% Expected annual dividend yield —% —%

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	6 Months Ended
Stockholders’ Equity (Tables)	Jun. 30, 2022
Equity [Abstract]
Schedule of Authorized Stock	The table below presents the details of the Company’s authorized common stock as of the following periods: June 30, 2022 December 31, 2021 Common stock: Authorized shares of common stock 500,000,000 500,000,000 Common stock par value per share $ 0.0001 $ 0.0001 Common stock outstanding at the period end 126,263,451 135,566,227 The table below presents the details of the Company’s authorized preferred stock as of the following periods: June 30, 2022 December 31, 2021 Preferred stock: Authorized shares of preferred stock 1,000,000 1,000,000 Preferred stock par value per share $ 0.0001 $ 0.0001 Preferred stock outstanding at the period end — —

Warrants (Tables)

Warrants (Tables)	6 Months Ended
Warrants (Tables)	Jun. 30, 2022
Warrants and Rights Note Disclosure [Abstract]
Derivatives Fair Value Assumptions	The table below presents the value of the Written Put Option under the Black-Scholes OPM using the following assumptions as of the following date: December 31, 2021 Value of the written put options $ 4.50 Exercise price $ 10.15 Common stock price $ 5.66 Expected option term (in years) 0.18 Expected volatility 66.00% Risk-free rate of return 0.06% Expected annual dividend yield —% The table below presents the value of the private warrants under the Black-Scholes OPM using the following assumptions as of the following dates: June 30, 2022 December 31, 2021 Fair value of each private warrant $ 0.43 $ 0.87 Exercise price $ 11.50 $ 11.50 Common stock price $ 3.68 $ 5.66 Expected option term (in years) 4.40 4.94 Expected volatility 46.50% 39.50% Risk-free rate of return 3.00% 1.25% Expected annual dividend yield —% —%

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	6 Months Ended
Equity-Based Compensation (Tables)	Jun. 30, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Share-based Payment Award, Valuation Assumptions	The assumptions used in determining the fair value of the Incentive Units at the grant date are as follows: February 16, 2021 Volatility 57.0% Risk-free interest rate 0.1% Expected time to exit (in years) 1.6 July 29, 2021 Volatility 46.0% Risk-free interest rate 0.2% Expected time to exit (in years) 1.2
Share-based Payment Arrangement, Expensed and Capitalized, Amount	The total compensation expense recognized by the Company for Tranche II Incentive Units, including the effects of modifications, was as follows: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Equity-based compensation expense in selling, general and administrative $ 2,921 $ — $ 5,274 $ — Equity-based compensation expense in cost of revenues 290 — 643 — Total compensation expense $ 3,211 $ — $ 5,917 $ — The table below present the total equity-based compensation expense recognized for Class A and B Units, Stock Options, RSUs, PSUs and ESPP in selling, general and administrative expense, cost of revenues, and research and development for the following periods: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Equity-based compensation expense in selling, general and administrative $ 3,928 $ 31 $ 6,999 $ 56 Equity-based compensation expense in cost of revenues 1,009 — 1,709 — Equity-based compensation expense in research and development 143 — 230 — Total equity-based compensation expense $ 5,080 $ 31 $ 8,938 $ 56
Share-based Payment Arrangement, Activity	The table below presents the activity in Tranche II of the Class B Units: Unvested and outstanding as of December 31, 2021 3,760,000 Granted — Vested (1,040,000) Forfeited (250,000) Unvested and outstanding as of June 30, 2022 2,470,000
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions	The table below presents the fair value of the Stock Options as estimated on the grant date using the Black-Scholes OPM using the following assumptions: Stock Options grant date June 13, 2022 March 30, 2022 Number of Stock Options granted 101,215 424,017 Price of common stock on the grant date $ 4.94 $ 8.24 Expected option term (in years) 10.00 6.26 Expected volatility 57.0% 54.0% Risk-free rate of return 3.5% 2.4% Expected annual dividend yield —% —% Fair value of the Stock Options on the grant date $ 2.85 $ 4.67
Share-based Payment Arrangement, Option, Activity	The table below presents the activity in the Stock Options: Stock Options Outstanding Weighted-Average Exercise Price Per Share Weighted-Average Remaining Contractual Life (in years) Aggregate Intrinsic Value Unvested and outstanding as of December 31, 2021 482,000 $ 9.99 10.0 $ — Granted 525,234 6.60 Vested — — Forfeited (49,665) 9.14 Unvested and outstanding as of June 30, 2022 957,569 $ 8.18 9.6 $ — Stock Options vested and exercisable as of June 30, 2022 — $ — 0.0 $ —
Share-based Payment Arrangement, Restricted Stock Unit, Activity	The table below presents the activity in the RSUs: RSUs Weighted-Average Grant Date Fair Value Per Share Unvested and outstanding as of December 31, 2021 403,300 $ 10.03 Granted 2,951,377 5.46 Vested (3,591) 5.20 Forfeited (315,625) 5.49 Unvested and outstanding as of June 30, 2022 3,035,461 $ 6.07
Share-based Payment Arrangement, Performance Shares, Activity	The table below presents the activity in the PSUs: PSUs Weighted-Average Grant Date Fair Value Per Share Unvested and outstanding as of December 31, 2021 150,000 $ 10.03 Granted — — Vested — — Forfeited — — Unvested and outstanding as of June 30, 2022 150,000 $ 10.03
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions	The table below presents the assumptions used to estimate the grant date fair value of the purchase rights under the ESPP: ESPP grant date May 1, 2022 Price of common stock on the grant date $ 10.01 Expected term (in years) 0.60 Expected volatility 56.0% Risk-free rate of return 1.5% Expected annual dividend yield —% Fair value of the award on the grant date $ 3.22

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	6 Months Ended
Net Loss Per Share (Tables)	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The numerators and denominators of the basic and diluted net loss per share are co mputed as follows (in thousands, except per share, unit and per unit data): Three Months Ended June 30, Six Months Ended June 30, Basic and diluted net loss per share 2022 2021 2022 2021 Numerator: Net loss $ (56,844) $ (3,175) $ (75,669) $ (5,612) Denominator: Weighted average shares outstanding—basic and diluted 126,223,903 105,000,000 129,037,598 105,000,000 Basic and diluted net loss per Share $ (0.45) $ (0.03) $ (0.59) $ (0.05)

Revenues (Tables)

Revenues (Tables)	6 Months Ended
Revenues (Tables)	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The table below presents total revenues by contract type for the following periods: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Time and materials $ 26,659 $ 28,118 $ 50,657 $ 56,961 Firm fixed price 6,855 8,193 14,952 14,920 Cost-plus 4,099 — 8,394 — Total revenues $ 37,613 $ 36,311 $ 74,003 $ 71,881
Schedules of Concentration of Risk, by Risk Factor	Revenue earned from customers contributing in excess of 10% of total revenues are presented in the tables below for the following periods: Three Months Ended June 30, 2022 Cyber & Analytics Total Percent of total Customer A $ 7,326 $ — $ 7,326 19 % Customer B 4,405 — 4,405 12 % Customer C (1) — 7,577 7,577 20 % All others 6,887 11,418 18,305 49 % Total revenues $ 18,618 $ 18,995 $ 37,613 100 % Three Months Ended June 30, 2021 Cyber & Analytics Total Percent of total Customer A $ 8,167 $ — $ 8,167 23 % Customer B 3,664 — 3,664 10 % Customer C (1) — — — — % All others 8,420 16,060 24,480 67 % Total revenues $ 20,251 $ 16,060 $ 36,311 100 % Six Months Ended June 30, 2022 Cyber & Analytics Total Percent of total Customer A $ 14,590 $ — $ 14,590 20 % Customer B 8,902 — 8,902 12 % Customer C (1) — 12,928 12,928 17 % All others 12,459 25,124 37,583 51 % Total revenues $ 35,951 $ 38,052 $ 74,003 100 % Six Months Ended June 30, 2021 Cyber & Analytics Total Percent of total Customer A $ 16,509 $ — $ 16,509 23 % Customer B 7,419 — 7,419 10 % Customer C (1) — — — — % All others 14,882 33,071 47,953 67 % Total revenues $ 38,810 $ 33,071 $ 71,881 100 % (1) Customers that contributed in excess of 10% of consolidated revenues in any period presented have been included in all periods presented for comparability.
Contract with Customer, Contract Asset, Contract Liability, and Receivable	The table below presents the contract assets and contract liabilities included on the consolidated balance sheets for the following periods: June 30, December 31, Contract assets $ 1,252 $ 628 Contract liabilities $ 3,714 $ 4,207
Schedule of Impact of the Net Estimates at Completion Adjustments on the Company’s Operating	The following table summarizes the impact of the net estimates at completion ( “EAC” ) adjustments on the Company’s operating results: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net EAC Adjustments, before income taxes $ (654) $ 758 $ (634) $ 982 Net EAC Adjustments, net of income taxes $ (517) $ 599 $ (501) $ 776 Net EAC Adjustments, net of income taxes, per diluted share $ — $ 0.01 $ — $ 0.01

Reportable Segment Information

Reportable Segment Information (Tables)	6 Months Ended
Reportable Segment Information (Tables)	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	The tables below present the Company’s operating segment results of operations for the following periods: Three Months Ended June 30, 2022 Cyber & Analytics Total Revenues $ 18,618 $ 18,995 $ 37,613 Segment adjusted gross margin 4,561 7,488 12,049 Segment adjusted gross margin % 24 % 39 % 32 % Research and development costs excluded from segment adjusted gross margin (1,450) Equity-based compensation excluded from segment adjusted gross margin (1,009) Operating expenses: Selling, general and administrative 26,952 Research and development 2,535 Transaction expenses 186 Goodwill impairment 35,252 Operating loss (55,335) Net decrease in fair value of derivatives (199) Interest expense 3,554 Other income (26) Loss before taxes $ (58,664) Three Months Ended June 30, 2021 Cyber & Analytics Total Revenues $ 20,251 $ 16,060 $ 36,311 Segment adjusted gross margin 4,366 7,426 11,792 Segment adjusted gross margin % 22 % 46 % 32 % Research and development costs excluded from segment adjusted gross margin (2,629) Equity-based compensation excluded from segment adjusted gross margin — Operating expenses: Selling, general and administrative 10,405 Research and development 1,867 Transaction expenses — Goodwill impairment — Operating loss (3,109) Net decrease in fair value of derivatives — Interest expense 1,849 Other income — Loss before taxes $ (4,958) Six Months Ended June 30, 2022 Cyber & Analytics Total Revenues $ 35,951 $ 38,052 $ 74,003 Segment adjusted gross margin 8,306 16,415 24,721 Segment adjusted gross margin % 23 % 43 % 33 % Research and development costs excluded from segment adjusted gross margin (3,555) Equity-based compensation excluded from segment adjusted gross margin (1,709) Operating expenses: Selling, general and administrative 48,972 Research and development 5,409 Transaction expenses 1,585 Goodwill impairment 35,252 Operating loss (71,761) Net decrease in fair value of derivatives (1,462) Interest expense 7,109 Other expense 4 Loss before taxes $ (77,412) Six Months Ended June 30, 2021 Cyber & Analytics Total Revenues $ 38,810 $ 33,071 $ 71,881 Segment adjusted gross margin 8,575 15,725 24,300 Segment adjusted gross margin % 22 % 48 % 34 % Research and development costs excluded from segment adjusted gross margin (4,857) Equity-based compensation excluded from segment adjusted gross margin — Operating expenses: Selling, general and administrative 20,519 Research and development 2,795 Transaction expenses — Goodwill impairment — Operating loss (3,871) Net decrease in fair value of derivatives — Interest expense 3,709 Other income (1) Loss before taxes $ (7,579)
Reconciliation of Assets from Segment to Consolidated	The following table presents the assets by segment as of the following periods: June 30, 2022 December 31, 2021 Cyber & Analytics Corporate Total Cyber & Analytics Corporate Total Total assets $ 39,091 $ 178,503 $ 8,910 $ 226,504 $ 74,808 $ 154,085 $ 154,429 $ 383,322

Description of the Business (De

Description of the Business (Details) $ / shares in Units, $ in Thousands			3 Months Ended	6 Months Ended
	Dec. 07, 2021 USD ($) $ / shares shares	Dec. 06, 2021 $ / shares shares	Mar. 31, 2022 shares	Jun. 30, 2022 segment $ / shares shares	Dec. 31, 2021 shares
Merger [Line Items]
Number of reportable segments \| segment				2
Holding period of shares	3 months
Proceeds from merger \| $	$ 101,958
Debt conversion, converted instrument, shares issued (in shares)	17,391,304			18,844,600
Debt instrument, convertible, conversion price (in usd per shares) \| $ / shares	$ 11.50			$ 10.61
Repayments of debt \| $	$ 114,393
Payment of Merger transaction costs \| $	9,802
Equity stock, shares authorized (in shares)		501,000,000
Common shares authorized (in shares)		500,000,000		500,000,000	500,000,000
Preferred stock authorized (in shares)		1,000,000		1,000,000	1,000,000
Common stock outstanding (in shares)				126,263,451	135,566,227
Preferred stock outstanding (in shares)				0	0
Proceeds from reverse recapitalization transaction \| $	$ 75,000
Reverse recapitalization shares issued (in shares)	105,000,000
Common stock issued (in shares)	8,000,000
Certain Advisors
Merger [Line Items]
Common stock issued (in shares)	1,495,320
AE Industrial Partners Fund II, LP
Merger [Line Items]
Majority shareholder, ownership by AE	83.50%
BigBear Holdings
Merger [Line Items]
Common units converted (in shares)	100	100
Unsecured Debt
Merger [Line Items]
Debt conversion, converted instrument, amount \| $	$ 200,000
Total Investor Share Liability
Merger [Line Items]
Repurchase of shares as a result of forward purchase agreements (in shares)			9,952,803
Forward Share Purchase Agreements
Merger [Line Items]
Earnout period, stock price trigger (usd per share) \| $ / shares		$ 10.15

Business Combinations - Narrati

Business Combinations - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Apr. 07, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Business Acquisition [Line Items]
Escrow deposit						$ 101,021
Transaction expenses		$ 186	$ 0	$ 1,585	$ 0
ProModel
Business Acquisition [Line Items]
Percentage of voting interests acquired	100%
Purchase consideration	$ 15,971
Escrow deposit	200
Distribution escrow amount	100
Adjustment escrow amount	$ 100
Transaction expenses		$ 186	$ 0	$ 1,585	$ 0
ProModel \| Customer relationships
Business Acquisition [Line Items]
Intangible assets, useful life	20 years
ProModel \| Technology
Business Acquisition [Line Items]
Intangible assets, useful life	7 years
ProModel \| Common Stock
Business Acquisition [Line Items]
Units issued to acquiree (in shares)	649,976

Business Combinations - Assets

Business Combinations - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands		6 Months Ended
	Apr. 07, 2022	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Business Acquisition [Line Items]
Equity issued		$ 7,501	$ 0
Liabilities:
Goodwill		$ 67,164		$ 91,636
ProModel
Business Acquisition [Line Items]
Cash paid	$ 8,470
Equity issued	7,501
Purchase consideration	15,971
Assets:
Cash	4,094
Accounts receivable	743
Prepaid expenses and other current assets	1,600
Contract assets	398
Property and equipment	83
Other non-current assets	21
Intangible assets	9,300
Total assets acquired	16,239
Liabilities:
Accounts payable	5
Accrued liabilities	7,752
Contract liabilities	1,555
Deferred tax liabilities	1,736
Total liabilities acquired	11,048
Fair value of net identifiable assets acquired	5,191
Goodwill	$ 10,780

Business Combinations - Intangi

Business Combinations - Intangible Assets Acquired By Class (Details) - ProModel $ in Thousands	Apr. 07, 2022 USD ($)
Business Acquisition [Line Items]
Total intangible assets	$ 9,300
Technology
Business Acquisition [Line Items]
Total intangible assets	3,500
Customer relationships
Business Acquisition [Line Items]
Total intangible assets	$ 5,800

Business Combinations - Pro For

Business Combinations - Pro Forma (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Business Acquisition [Line Items]
Transaction expenses	$ 186	$ 0	$ 1,585	$ 0
ProModel
Business Acquisition [Line Items]
Net revenue	37,613	37,819	75,248	74,783
Net loss	(56,844)	(1,479)	(78,145)	(4,950)
Transaction expenses	$ 186	$ 0	$ 1,585	$ 0

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Financial Liabilities Measured At Fair Value On a Recurring Basis (Details) - Fair Value Recurring - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Private warrants
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial liabilities fair value disclosure	$ 138	$ 319
Written put options
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial liabilities fair value disclosure	0	44,827
Level 1 \| Private warrants
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial liabilities fair value disclosure	0	0
Level 1 \| Written put options
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial liabilities fair value disclosure	0	0
Level 2 \| Private warrants
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial liabilities fair value disclosure	0	0
Level 2 \| Written put options
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial liabilities fair value disclosure	0	0
Level 3 \| Private warrants
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial liabilities fair value disclosure	138	319
Level 3 \| Written put options
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial liabilities fair value disclosure	$ 0	$ 44,827

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Fair Value, Net Derivative Liabilities (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Private warrants
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 319
Changes in fair value	(138)
Settlements	(43)
Ending balance	138
Written put options
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	44,827
Changes in fair value	(1,281)
Settlements	(43,546)
Ending balance	$ 0

Goodwill - Narrative (Details)

Goodwill - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Goodwill - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill [Line Items]
Goodwill impairment	$ 35,252	$ 0	$ 35,252	$ 0
Increase in weighted average cost of capital, percentage	1%		1%
Percentage of reduction in forecasted revenues	3%		3%
Analytics
Goodwill [Line Items]
Goodwill impairment			$ 0
Goodwill, impairment loss, percentage	8.30%		8.30%
Cyber and Engineering
Goodwill [Line Items]
Goodwill impairment			$ 35,252
Accumulated impairment loss	$ 35,252		$ 35,252

Goodwill - Schedule of Goodwill

Goodwill - Schedule of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Goodwill [Roll Forward]
Beginning balance			$ 91,636
Goodwill impairment	$ (35,252)	$ 0	(35,252)	$ 0
Ending balance	67,164		67,164
Cyber and Engineering
Goodwill [Roll Forward]
Beginning balance			35,252
Goodwill impairment			(35,252)
Ending balance	0		0
Analytics
Goodwill [Roll Forward]
Beginning balance			56,384
Goodwill impairment			0
Ending balance	$ 67,164		67,164
ProModel Acquisition
Goodwill [Roll Forward]
Goodwill arising from the acquisition			10,780
ProModel Acquisition \| Cyber and Engineering
Goodwill [Roll Forward]
Goodwill arising from the acquisition			0
ProModel Acquisition \| Analytics
Goodwill [Roll Forward]
Goodwill arising from the acquisition			$ 10,780

Prepaid expenses and other cu_3

Prepaid expenses and other current assets - Schedule of Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses	$ 4,732	$ 2,217
Prepaid insurance	2,099	4,265
Pre-contract costs	1,266	546
Total prepaid expenses and other current assets	$ 8,097	$ 7,028

Prepaid expenses and other cu_4

Prepaid expenses and other current assets - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Prepaid Expenses and Other Current Assets [Line Items]
Pre-contract costs	$ 1,266	$ 546
Prepaid Expenses and Other Current Assets
Prepaid Expenses and Other Current Assets [Line Items]
Pre-contract costs	$ 1,266	$ 546

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Payroll accruals	$ 12,876	$ 9,011
Accrued interest	597	842
Other accrued expenses	2,505	882
Total accrued liabilities	$ 15,978	$ 10,735

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt, gross	$ 201,921	$ 204,233
Less: unamortized issuance costs	8,659	9,636
Total debt, net	193,262	194,597
Less: current portion	1,921	4,233
Long-term debt, net	191,341	190,364
Convertible Notes
Debt Instrument [Line Items]
Long-term debt, gross	200,000	200,000
Bank of America Senior Revolver
Debt Instrument [Line Items]
Long-term debt, gross	0	0
D&O Financing Loan
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,921	$ 4,233

Debt - Successor Debt- Bank of

Debt - Successor Debt- Bank of America Senior Revolver (Details) - USD ($)	Dec. 07, 2021	Jun. 30, 2022
Other Noncurrent Assets
Debt Instrument [Line Items]
Unamortized debt issuance expense		$ 476,000
Bank of America Senior Revolver
Debt Instrument [Line Items]
Line of credit facility collateral percentage	100%
Line of credit facility increase in maximum borrowing capacity	$ 18,800,000
Line of credit facility increase in maximum borrowing capacity as percentage of EBITDA	100%
Bank of America Senior Revolver \| Base Rate
Debt Instrument [Line Items]
Variable rate	2%
Bank of America Senior Revolver \| Fed Funds Effective Rate Overnight Index Swap Rate
Debt Instrument [Line Items]
Variable rate	0.50%
Bank of America Senior Revolver \| Bloomberg Short-Term Yield Index Rate
Debt Instrument [Line Items]
Variable rate	1%
Bank of America Senior Revolver \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000,000

Debt - Convertible Notes (Detai

Debt - Convertible Notes (Details)	May 29, 2022 USD ($) d $ / shares shares	May 28, 2022	Dec. 07, 2021 USD ($) vote d $ / shares shares	Jun. 30, 2022 USD ($) $ / shares
Debt Instrument [Line Items]
Debt instrument, convertible, conversion price (in usd per shares) \| $ / shares			$ 11.50	$ 10.61
Convertible notes payable				$ 200,000,000
Common Stock
Debt Instrument [Line Items]
Shares converted (in shares) \| shares	94.2230
Convertible Notes Payable
Debt Instrument [Line Items]
Debt, face amount	$ 1,000		$ 200,000,000
Stated interest rate percentage			6%
Conversion ratio	94.2230	86.9565
Debt instrument, convertible, average daily trading days \| d	30		30
Daily volume weighted average price (in usd per shares) \| $ / shares	$ 10
Debt instrument, convertible, threshold consecutive trading days \| vote			20
Debt instrument, trading days			30 days
Debt instrument, convertible, for first two years after initial issuance			$ 3,000,000
Debt instrument, convertible, term of after initial issuance			2 years
Debt instrument, convertible, thereafter			$ 2,000,000
Debt instrument, convertible, obligated equal amount to pay of interest, term			12 months
Unamortized debt issuance expense				$ (8,700,000)
Convertible Notes Payable \| Common Stock
Debt Instrument [Line Items]
Debt instrument, shares issuable (in shares) \| shares	18,844,600		17,391,304
Debt instrument, convertible, conversion price (in usd per shares) \| $ / shares	$ 10.61		$ 11.50
Debt instrument, convertible, threshold percentage of stock price trigger			130%
Convertible Debt, Par Value
Debt Instrument [Line Items]
Debt, face amount			$ 1,000

Debt - D&O Financing Loan (Deta

Debt - D&O Financing Loan (Details) - D&O Financing Loan	Dec. 08, 2021 USD ($)
Debt Instrument [Line Items]
Debt, face amount	$ 4,233,000
Stated interest rate percentage	1.50%

Leases - Narrative (Details)

Leases - Narrative (Details)	6 Months Ended
Leases - Narrative (Details)	Jun. 30, 2022
Lessee, Lease, Description [Line Items]
Renewal term	5 years
Minimum
Lessee, Lease, Description [Line Items]
Discount rate	2.50%
Maximum
Lessee, Lease, Description [Line Items]
Discount rate	5.40%

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Effective tax rate	3.10%	36%	2.30%	26%

Written Put Option - Narrative

Written Put Option - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended	6 Months Ended
	Dec. 06, 2021	Mar. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Derivative [Line Items]
Period for reduced price repurchase		3 months
Treasury stock acquired (usd per share)		$ 10.125
Escrow deposit				$ 101,021
Release of escrow			$ 100,896
Share repurchase program, cash and cash equivalent			125
Derivative liabilities				$ 44,827
Derivative gain			(1,281)
Intrinsic value of Written Put Option upon settlement			$ 43,546
Total Investor Share Liability
Derivative [Line Items]
Stock repurchased (in shares)		9,952,803
Repurchase Price, Obligation Liability
Derivative [Line Items]
Stock repurchased (in shares)		5,000,000
Forward Share Purchase Agreements
Derivative [Line Items]
Earnout period, holding term	3 months
Earnout period, stock price trigger (usd per share)	$ 10.15
Forward Share Purchase Agreements \| Derivative Instrument, Period, One
Derivative [Line Items]
Earnout period, stock price trigger (usd per share)	10.15
Forward Share Purchase Agreements \| Derivative Instrument, Period, Two
Derivative [Line Items]
Earnout period, stock price trigger (usd per share)	10
Forward Share Purchase Agreements \| Derivative Instrument, Period, Three
Derivative [Line Items]
Earnout period, stock price trigger (usd per share)	10.05
Earnout stock price overage (usd per shares)	$ 0.05

Written Put Option - Aggregate

Written Put Option - Aggregate number of shares of common stock (Details)	Dec. 06, 2021 shares
Reverse Capitalization [Line Items]
Shares held (in shares)	9,952,803
Highbridge Investors
Reverse Capitalization [Line Items]
Shares held (in shares)	2,453,195
Tenor
Reverse Capitalization [Line Items]
Shares held (in shares)	2,499,608
Glazer Investors
Reverse Capitalization [Line Items]
Shares held (in shares)	5,000,000

Written Put Option - Schedule o

Written Put Option - Schedule of Investments (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Jun. 30, 2022
Option Indexed to Issuer's Equity [Line Items]
Exercise price (usd per shares)		$ 11.50
Written put options
Option Indexed to Issuer's Equity [Line Items]
Value of the written put options (usd per share)	$ 4.50
Exercise price (usd per shares)	10.15
Common stock price (usd per share)	$ 5.66
Expected option term (in years)	2 months 4 days
Expected volatility	66%
Risk-free rate of return	0.06%
Expected annual dividend yield	0%

Stockholders_ Equity - Schedule

Stockholders’ Equity - Schedule of Authorized Stock (Details) - $ / shares	Jun. 30, 2022	Dec. 31, 2021	Dec. 06, 2021
Common stock:
Common shares authorized (in shares)	500,000,000	500,000,000	500,000,000
Common Stock, par value (in usd per share)	$ 0.0001	$ 0.0001
Common stock outstanding (in shares)	126,263,451	135,566,227
Preferred stock:
Preferred stock authorized (in shares)	1,000,000	1,000,000	1,000,000
Preferred stock par value per share (in usd per share)	$ 0.0001	$ 0.0001
Preferred stock outstanding (in shares)	0	0

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) $ in Thousands	6 Months Ended
Stockholders’ Equity (Details) $ in Thousands	Jun. 30, 2022 USD ($) vote shares
Common Units [Line Items]
Repurchase of shares as a result of Forward Share Purchase Agreements	$ (57,350)
Voting right per share \| vote	1
Treasury Stock
Common Units [Line Items]
Repurchase of shares as a result of forward purchase agreements (in shares) \| shares	9,952,803
Repurchase of shares as a result of Forward Share Purchase Agreements	$ (57,350)

Warrants - Narrative (Details)

Warrants - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended	6 Months Ended
	Feb. 11, 2021	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Class of Warrant or Right [Line Items]
Exercise price (usd per shares)		$ 11.50	$ 11.50
Derivative gain			$ 1,281
Minimum
Class of Warrant or Right [Line Items]
Minimum strike price (usd per share)	$ 18
Public Warrants
Class of Warrant or Right [Line Items]
Number of securities called by warrant (in shares)	1	12,005,879	12,005,879
Exercise price (usd per shares)	$ 11.50
Class of warrant or right, redemption price (usd per share)	$ 0.01
Minimum period of prior written notice of redemption of warrants	30 days
Warrants redemption covenant threshold trading period	20 days
Warrants redemption covenant threshold consecutive trading period	30 days		3 days
Warrants outstanding (in shares)		12,005,879	12,005,879	11,959,939
Warrants issued (in shares)		12,005,879	12,005,879	11,959,939
Private warrants
Class of Warrant or Right [Line Items]
Number of securities called by warrant (in shares)		319,893	319,893
Exercise price (usd per shares)		$ 11.50	$ 11.50	$ 11.50
Warrants outstanding (in shares)		319,893	319,893	366,533
Warrants issued (in shares)		319,893	319,893	366,533
Fair value of derivative liability		$ 138	$ 138
Derivative gain		$ 199	$ 181

Warrants - Schedule of Stockhol

Warrants - Schedule of Stockholders' Equity Note, Warrants or Rights (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Class of Warrant or Right [Line Items]
Exercise price (usd per shares)	$ 11.50
Private warrants
Class of Warrant or Right [Line Items]
Fair value of each private warrant (usd per share)	0.43	$ 0.87
Exercise price (usd per shares)	11.50	11.50
Common stock price (usd per share)	$ 3.68	$ 5.66
Expected option term (in years)	4 years 4 months 24 days	4 years 11 months 8 days
Expected volatility	46.50%	39.50%
Risk-free rate of return	3%	1.25%
Expected annual dividend yield	0%	0%

Equity-Based Compensation - Nar

Equity-Based Compensation - Narrative (Details)

1 Months Ended

3 Months Ended

5 Months Ended

6 Months Ended

12 Months Ended

Jun. 13, 2022 $ / shares

May 01, 2022 $ / shares

Mar. 30, 2022 $ / shares

Jan. 01, 2022 shares

Dec. 07, 2021 shares

Jul. 29, 2021 $ / shares

Feb. 28, 2021 tranche $ / shares

Jun. 30, 2022 USD ($) shares

Jun. 30, 2021 USD ($)

Dec. 31, 2021

Jun. 30, 2022 USD ($) employee $ / shares shares

Jun. 30, 2021 USD ($)

Dec. 31, 2021

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment , expense

$ 5,080,000

$ 31,000

$ 8,938,000

$ 56,000

Options, fair value (usd per share) | $ / shares

$ 6.60

Class B Unit Incentive Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted (in usd per share) | $ / shares

$ 9.06

Incentive Units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment , expense

3,211,000

$ 5,917,000

Share-based payment arrangement, expense, percentage

100%

Cost not yet recognized, period for recognition

1 year 6 months 29 days

Incentive Units | Tranche Two

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted (in shares) | shares

Expiration period

30 months

25 months

Share-based payment arrangement, expense, percentage

17%

Number of former employees | employee

Incremental cost

1,468,000

$ 1,687,000

Cost not yet recognized, amount

15,368,000

$ 15,368,000

Incentive Units | Class B Unit Incentive Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Incentive units participation threshold (usd per share) | $ / shares

$ 1

Incentive units tranches | tranche

Incentive Units | Class B Unit Incentive Plan | Tranche One

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted (in usd per share) | $ / shares

$ 5.19

Stock Options

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Expiration period

10 years

Cost not yet recognized, period for recognition

3 years 6 months

Options, fair value (usd per share) | $ / shares

$ 2.85

$ 4.67

Vesting period

4 years

Intrinsic value

$ 0

Unrecognized compensation costs

3,786,000

$ 3,786,000

Stock Options | Tranche One

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting rights, percentage

25%

Stock Options | Tranche Two

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting rights, percentage for each quarter

6.25%

Stock Options | Tranche Three

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting rights, percentage for each quarter

6.25%

Stock Options | Tranche Four

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting rights, percentage for each quarter

6.25%

Restricted Stock Units (RSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted (in shares) | shares

2,951,377

Granted (in usd per share) | $ / shares

$ 5.46

Cost not yet recognized, amount

16,018,000

$ 16,018,000

Cost not yet recognized, period for recognition

3 years 3 months 21 days

Vesting period

4 years

Restricted Stock Units (RSUs) | Tranche One

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting rights, percentage

25%

Restricted Stock Units (RSUs) | Tranche Two

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting rights, percentage for each quarter

6.25%

Restricted Stock Units (RSUs) | Tranche Three

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting rights, percentage for each quarter

6.25%

Restricted Stock Units (RSUs) | Tranche Four

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting rights, percentage for each quarter

6.25%

Performance Shares

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted (in shares) | shares

Share-based payment , expense

82,000

$ 185,000

Granted (in usd per share) | $ / shares

$ 0

Cost not yet recognized, amount

166,000

$ 166,000

Cost not yet recognized, period for recognition

5 months 19 days

Vesting period

4 years

Shares available to vest each vesting period (in shares) | shares

37,500

Employee Stock

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Cost not yet recognized, period for recognition

5 months 1 day

Unrecognized compensation costs

381,000

$ 381,000

Employee Stock | 2021 Employee Stock Purchase Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options, fair value (usd per share) | $ / shares

$ 3.22

Shares contributed to ESOP (in shares) | shares

3,212,786

Stock issued under employee stock ownership plan (in shares) | shares

Withheld employee contributions

421,000

$ 421,000

Equity-based compensation expense in selling, general and administrative

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment , expense

3,928,000

31,000

6,999,000

56,000

Equity-based compensation expense in selling, general and administrative | Incentive Units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment , expense

2,921,000

5,274,000

Equity-based compensation expense in cost of revenues

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment , expense

1,009,000

1,709,000

Equity-based compensation expense in cost of revenues | Incentive Units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based payment , expense

$ 290,000

$ 643,000

Board of Directors | Equity-based compensation expense in selling, general and administrative | Class A Units

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Granted (in shares) | shares

Share-based payment , expense

$ 31,000

$ 56,000

Non-employee Director | Restricted Stock Units (RSUs) | Tranche One

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Vesting period

1 year

Vesting rights, percentage

100%

Equity-Based Compensation - Ass

Equity-Based Compensation - Assumptions used in Determining the Fair Value (Details) - $ / shares						6 Months Ended
	Jun. 13, 2022	May 01, 2022	Mar. 30, 2022	Jul. 29, 2021	Feb. 16, 2021	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Stock Options granted (in shares)						525,234
Options, fair value (usd per share)						$ 6.60
Class B Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility					57%
Risk-free interest rate					0.10%
Expected time to exit (in years)					1 year 7 months 6 days
Incentive Units \| Class B Unit Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility				46%
Risk-free interest rate				0.20%
Expected time to exit (in years)				1 year 2 months 12 days
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility	57%		54%
Risk-free interest rate	3.50%		2.40%
Expected time to exit (in years)	10 years		6 years 3 months 3 days
Number of Stock Options granted (in shares)	101,215		424,017
Price of common stock on the grant date (usd per share)	$ 4.94		$ 8.24
Expected annual dividend yield	0%		0%
Options, fair value (usd per share)	$ 2.85		$ 4.67
Employee Stock \| 2021 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility		56%
Risk-free interest rate		1.50%
Expected time to exit (in years)		7 months 6 days
Price of common stock on the grant date (usd per share)		$ 10.01
Expected annual dividend yield		0%
Options, fair value (usd per share)		$ 3.22

Equity-Based Compensation - Equ

Equity-Based Compensation - Equity-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment , expense	$ 5,080	$ 31	$ 8,938	$ 56
Equity-based compensation expense in selling, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment , expense	3,928	31	6,999	56
Equity-based compensation expense in cost of revenues
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment , expense	1,009	0	1,709	0
Equity-based compensation expense in research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment , expense	143	0	230	0
Incentive Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment , expense	3,211	0	5,917	0
Incentive Units \| Equity-based compensation expense in selling, general and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment , expense	2,921	0	5,274	0
Incentive Units \| Equity-based compensation expense in cost of revenues
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment , expense	$ 290	$ 0	$ 643	$ 0

Equity-Based Compensation - Sha

Equity-Based Compensation - Share Activity (Details)	6 Months Ended
Equity-Based Compensation - Share Activity (Details)	Jun. 30, 2022 $ / shares shares
Incentive Units \| Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (in shares)	3,760,000
Granted (in shares)	0
Vested (in shares)	(1,040,000)
Forfeited (in shares)	(250,000)
Ending balance (in shares)	2,470,000
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (in shares)	403,300
Granted (in shares)	2,951,377
Vested (in shares)	(3,591)
Forfeited (in shares)	(315,625)
Ending balance (in shares)	3,035,461
Weighted-Average Grant Date Fair Value Per Share
Beginning balance (in usd per share) \| $ / shares	$ 10.03
Granted (in usd per share) \| $ / shares	5.46
Vested (in usd per share) \| $ / shares	5.20
Forfeited (in usd per share) \| $ / shares	5.49
Ending balance (in usd per share) \| $ / shares	$ 6.07
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Beginning balance (in shares)	150,000
Granted (in shares)	0
Vested (in shares)	0
Forfeited (in shares)	0
Ending balance (in shares)	150,000
Weighted-Average Grant Date Fair Value Per Share
Beginning balance (in usd per share) \| $ / shares	$ 10.03
Granted (in usd per share) \| $ / shares	0
Vested (in usd per share) \| $ / shares	0
Forfeited (in usd per share) \| $ / shares	0
Ending balance (in usd per share) \| $ / shares	$ 10.03

Equity-Based Compensation - Sto

Equity-Based Compensation - Stock Option (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Stock Options Outstanding
Beginning balance (in shares)	482,000
Granted (in shares)	525,234
Vested (in shares)	0
Forfeited (in shares)	(49,665)
Ending balance (in shares)	957,569	482,000
Stock Options vested and exercisable, Outstanding (in shares)	0
Weighted-Average Exercise Price Per Share
Beginning balance (in usd per share)	$ 9.99
Options, fair value (usd per share)	6.60
Vested (in usd per share)	0
Forfeited (in usd per share)	9.14
Ending balance (in usd per share)	8.18	$ 9.99
Options, exercise price (in usd per share)	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted-Average Remaining Contractual Life (in years)	9 years 7 months 6 days	10 years
Aggregate Intrinsic Value	$ 0	$ 0
Stock Options vested and exercisable, Weighted-Average Remaining Contractual Life (in years)	0 years
Stock Options vested and exercisable, Aggregate Intrinsic Value	$ 0

Net Loss Per Share - Numerators

Net Loss Per Share - Numerators and Denominators (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net loss	$ (56,844)	$ (3,175)	$ (75,669)	$ (5,612)
Denominator:
Weighted-average shares outstanding, Basic (in shares)	126,223,903	105,000,000	129,037,598	105,000,000
Weighted-average shares outstanding, Diluted (in shares)	126,223,903	105,000,000	129,037,598	105,000,000
Basic net loss per share (in usd per share)	$ (0.45)	$ (0.03)	$ (0.59)	$ (0.05)
Diluted net loss per share (in usd per share)	$ (0.45)	$ (0.03)	$ (0.59)	$ (0.05)

Net Loss Per Share - Narrative

Net Loss Per Share - Narrative (Details) - $ / shares		3 Months Ended	6 Months Ended
Net Loss Per Share - Narrative (Details) - $ / shares	Dec. 07, 2021	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Feb. 11, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Options outstanding (in shares)			957,569		482,000
Weighted-average exercise price average exercise price (in usd per share)			$ 8.18		$ 9.99
Exercise price (usd per shares)			$ 11.50
Debt conversion, converted instrument, shares issued (in shares)	17,391,304		18,844,600
Debt instrument, convertible, conversion price (in usd per shares)	$ 11.50		$ 10.61
Maximum number of shares per employee (in shares)			477,280
Antidilutive shares (in shares)		0		0
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares outstanding (in shares)			3,035,461
Performance Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares outstanding (in shares)			150,000
Private warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of securities called by warrant (in shares)			319,893
Exercise price (usd per shares)			$ 11.50		$ 11.50
Public Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of securities called by warrant (in shares)			12,005,879			1
Exercise price (usd per shares)						$ 11.50

Revenues - Revenues by Contract

Revenues - Revenues by Contract (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Revenues	$ 37,613	$ 36,311	$ 74,003	$ 71,881
Time and materials
Disaggregation of Revenue [Line Items]
Revenues	26,659	28,118	50,657	56,961
Firm fixed price
Disaggregation of Revenue [Line Items]
Revenues	6,855	8,193	14,952	14,920
Cost-plus
Disaggregation of Revenue [Line Items]
Revenues	$ 4,099	$ 0	$ 8,394	$ 0

Revenues - Concentration of Ris

Revenues - Concentration of Risk (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Concentration Risk [Line Items]
Revenues	$ 37,613	$ 36,311	$ 74,003	$ 71,881
Percent of total revenues	100%	100%	100%	100%
Cyber and Engineering
Concentration Risk [Line Items]
Revenues	$ 18,618	$ 20,251	$ 35,951	$ 38,810
Analytics
Concentration Risk [Line Items]
Revenues	18,995	16,060	38,052	33,071
Customer Concentration Risk \| Revenue Benchmark \| Customer A
Concentration Risk [Line Items]
Revenues	$ 7,326	$ 8,167	$ 14,590	$ 16,509
Percent of total revenues	19%	23%	20%	23%
Customer Concentration Risk \| Revenue Benchmark \| Customer A \| Cyber and Engineering
Concentration Risk [Line Items]
Revenues	$ 7,326	$ 8,167	$ 14,590	$ 16,509
Customer Concentration Risk \| Revenue Benchmark \| Customer A \| Analytics
Concentration Risk [Line Items]
Revenues	0	0	0	0
Customer Concentration Risk \| Revenue Benchmark \| Customer B
Concentration Risk [Line Items]
Revenues	$ 4,405	$ 3,664	$ 8,902	$ 7,419
Percent of total revenues	12%	10%	12%	10%
Customer Concentration Risk \| Revenue Benchmark \| Customer B \| Cyber and Engineering
Concentration Risk [Line Items]
Revenues	$ 4,405	$ 3,664	$ 8,902	$ 7,419
Customer Concentration Risk \| Revenue Benchmark \| Customer B \| Analytics
Concentration Risk [Line Items]
Revenues	0	0	0	0
Customer Concentration Risk \| Revenue Benchmark \| Customer C
Concentration Risk [Line Items]
Revenues	$ 7,577	$ 0	$ 12,928	$ 0
Percent of total revenues	20%	0%	17%	0%
Customer Concentration Risk \| Revenue Benchmark \| Customer C \| Cyber and Engineering
Concentration Risk [Line Items]
Revenues	$ 0	$ 0	$ 0	$ 0
Customer Concentration Risk \| Revenue Benchmark \| Customer C \| Analytics
Concentration Risk [Line Items]
Revenues	7,577	0	12,928	0
Customer Concentration Risk \| Revenue Benchmark \| All others
Concentration Risk [Line Items]
Revenues	$ 18,305	$ 24,480	$ 37,583	$ 47,953
Percent of total revenues	49%	67%	51%	67%
Customer Concentration Risk \| Revenue Benchmark \| All others \| Cyber and Engineering
Concentration Risk [Line Items]
Revenues	$ 6,887	$ 8,420	$ 12,459	$ 14,882
Customer Concentration Risk \| Revenue Benchmark \| All others \| Analytics
Concentration Risk [Line Items]
Revenues	$ 11,418	$ 16,060	$ 25,124	$ 33,071

Revenues - Contract Balances (D

Revenues - Contract Balances (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract assets	$ 1,252	$ 628
Contract liabilities	$ 3,714	$ 4,207

Revenues - Narrative (Details)

Revenues - Narrative (Details) $ in Thousands	6 Months Ended
Revenues - Narrative (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 4,207
Remaining performance obligation, amount	$ 130,000
Remaining performance obligation, percentage	97%

Revenues - Net Estimates At Com

Revenues - Net Estimates At Completion Adjustments (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Change in Accounting Estimate [Line Items]
Net EAC Adjustments, before income taxes	$ (58,664)	$ (4,958)	$ (77,412)	$ (7,579)
Net EAC Adjustments, net of income taxes	$ (56,844)	$ (3,175)	$ (75,669)	$ (5,612)
Net EAC Adjustments, net of income taxes, per diluted share (usd per share)	$ (0.45)	$ (0.03)	$ (0.59)	$ (0.05)
Contracts Accounted for under Percentage of Completion
Change in Accounting Estimate [Line Items]
Net EAC Adjustments, before income taxes	$ (654)	$ 758	$ (634)	$ 982
Net EAC Adjustments, net of income taxes	$ (517)	$ 599	$ (501)	$ 776
Net EAC Adjustments, net of income taxes, per diluted share (usd per share)	$ 0	$ 0.01	$ 0	$ 0.01

Reportable Segment Informatio_2

Reportable Segment Information - Narrative (Details)	6 Months Ended
Reportable Segment Information - Narrative (Details)	Jun. 30, 2022 segment
Segment Reporting [Abstract]
Number of operating segments	2
Number of reportable segments	2

Reportable Segment Informatio_3

Reportable Segment Information - Operating Segment Results of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	$ 37,613	$ 36,311	$ 74,003	$ 71,881
Segment adjusted gross margin	$ 12,049	$ 11,792	$ 24,721	24,300
Segment adjusted gross margin (percentage)	32%	32%	33%		34%
Research and development costs excluded from segment adjusted gross margin	$ (1,450)	$ (2,629)	$ (3,555)	(4,857)
Equity-based compensation excluded from segment adjusted gross margin	(1,009)	0	(1,709)	0
Operating expenses:
Selling, general and administrative	26,952	10,405	48,972	20,519
Research and development	2,535	1,867	5,409	2,795
Transaction expenses	186	0	1,585	0
Goodwill impairment	35,252	0	35,252	0
Operating loss	(55,335)	(3,109)	(71,761)	(3,871)
Net decrease in fair value of derivatives	(199)	0	(1,462)	0
Interest expense	3,554	1,849	7,109	3,709
Other (income) expense	(26)	0	4	(1)
Loss before taxes	(58,664)	(4,958)	(77,412)	(7,579)
Cyber and Engineering
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	18,618	20,251	35,951	38,810
Segment adjusted gross margin	$ 4,561	$ 4,366	$ 8,306	8,575
Segment adjusted gross margin (percentage)	24%	22%	23%		22%
Operating expenses:
Goodwill impairment			$ 35,252
Analytics
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Revenues	$ 18,995	$ 16,060	38,052	33,071
Segment adjusted gross margin	$ 7,488	$ 7,426	$ 16,415	$ 15,725
Segment adjusted gross margin (percentage)	39%	46%	43%		48%
Operating expenses:
Goodwill impairment			$ 0

Reportable Segment Informatio_4

Reportable Segment Information - Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 226,504	$ 383,322
Cyber and Engineering
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	39,091	74,808
Analytics
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	178,503	154,085
Corporate
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 8,910	$ 154,429

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Board of Directors \| Affiliated Entity
Related Party Transaction [Line Items]
Compensation expense	$ 589	$ 7	$ 1,175	$ 57
Purchases from related party	$ 325	$ 6	647	31
Affiliated Entity \| Business, Financial And Management Consulting Services
Related Party Transaction [Line Items]
Amounts of transaction			$ 0	$ 265