BigBear.ai delivers AI decision intelligence and analytics for defense physical operations — the software autonomy layer translating sensor data into actionable physical decisions; $281.9M backlog (+14% QoQ) including a $53M classified award signals genuine program momentum.
Research snapshot · 6/15/26
BBAIBigBear.ai
Machine vision and LiDAR-perception
Open BBAI in Robinhood ↗Conviction●●●○○3 of 5
Research target4.73Snapshot target
Thesis statusINTACTLast reviewed 6/15/26
Market cap1.94BSnapshot value
$53M classified award ramp to revenue; additional defense contract awards; backlog conversion to bookings; FY2026 revenue guidance raise
DOGE eliminates classified national security programs; backlog fails to convert to revenue; competition from Palantir/Booz Allen
Mixed — defense AI narrative popular in retail but stock performance dampened enthusiasm
Snapshot · 6/15/26🟢 Lean-Bull · ins-$0.5M · 13F 18+/7- · short↓0.27
Snapshot · 6/15/26