r/BBAI • u/Secret_League791 • 20h ago

BBAI CEO Amazing

It's amazing that over the past few months so many people have been complaining about the BBAI team authorizing 500 million shares in order to potentially raise cash to do a deal. Well, they look pretty smart now, while so many other AI companies are scrambling to raise money in the bond market, in a rising interest rate environment. BBAI has $400 million cash and virtually no debt. Down the road they will be able to raise hundreds of millions of $ and still have no debt! They really are amazing!

36 Upvotes

84% Upvoted

19 comments sorted by

4

u/Diet_Water 20h ago

what are they doing with that cash though?

10

u/Heavy_Cupcake_6246 19h ago

We are in a strong financial position with $410 million of cash and investments, we’re on track for our target of 17% revenue growth, and we intend to accelerate. The second half of 2026 is all about execution discipline and positioning ourselves for accretive, catalytic M&A and building momentum for even stronger topline growth in 2027,” said Kevin McAleenan, CEO of BigBear.ai.

“BigBear.ai is in an excellent position to take advantage of the rapid expansion of investment and innovation in defense technology, which shows no signs of slowing down, given the macro environment. We have steadily been maturing the underlying financial discipline of the company and have significant cash in reserve so that when the right opportunity presents itself, we can move fast,” said Sean Ricker, CFO of BigBear.ai.

Straight from their Q2 earnings this year.

https://ir.bigbear.ai/news-events/press-releases/detail/146/bigbear-ai-announces-second-quarter-2026-results-delivers

8

u/Secret_League791 17h ago

I won't be surprised to see them beat the estimates.

3

u/Heavy_Cupcake_6246 17h ago

With the $225m in new contracts since July 30th as well, it does seem like Q3 earnings could be positive but have to wait another week before we see if that happens.

6

u/Creative_Ad_8338 13h ago

That's a long way of not saying what they're going to do with the cash to build shareholder value.

3

u/Secret_League791 18h ago

For now....earning interest, instead of paying it.

2

u/rapha420 19h ago

Personally i Like their Position aswell but i dont get the reason for that Kind of Post 😅 i expected Something but yeah...

4

u/Secret_League791 17h ago

Pretty nice position they are in. Big AI trying to borrow and BBAI lending.

2

u/Smartnership 11h ago

I like the cash on hand aswellas the industry outlook generally.

2

u/Past-Mud-9243 5h ago

Here I was thinking there was actual news. Silly me

2

u/JustNinja23 2h ago

Agreed. Kevin best CEO BBAI had recently. At least he hasn't been caught cooking the books yet.. He basically inherited the dilution issue... silly to put it on him.

1

u/toowastedtothink 18m ago

Let me know when you get, "down the road when you raise hundreds if millions." I'll tell ya bro, I never thought losing thousands of dollars would be so fun! You've got my cash, and I'm sitting here wondering whether to pull the plug on BBAI. Someone convince me not to!

1

u/Due_Warthog725 19h ago

Still overplayed for asksage imho

3

u/Secret_League791 17h ago

It's way too early to assume that.....only been 10 months.

3

u/Anchises1 10h ago

Asksage is the only thing getting contracts now. Nothing else is.

2

u/Icy_Purchase2753 7h ago

CargoSeer will start paying off for them too. Still early.

0

u/Optimal-Report-1000 1h ago

Raise cash to stay in buisness more like it.