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.

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 revenue for the second quarter was $32.5 million, far short of the $40.6 million analysts had expected and lower than the $39.8 million it posted during the same period last year. It also reported a loss of 71 cents a share late Monday,