Cash (including cash equivalents) constitutes $391 million of the $599 million in Total Assets for BigBear.ai. This results in a very strong Cash-to-Assets Ratio of 65.2% (versus 6.9% for S&P 500)

BigBear's sales trajectory is concerning, and its losses are growing. The company has a non-negligible amount of debt already and negative cash flows. Despite this, the stock still carries a hefty premium, granted not nearly as high as Palantir's, but still significant for its current sales and earnings trajectories. I would avoid the stock.

BigBear.ai reported second-quarter revenue of $32.47 million, missing estimates of $41.17 million, according to Benzinga Pro. The company reported a second-quarter loss of 71 cents per share, missing expectations for a loss of 6 cents per share.