BBAI Stock: $282M Backlog, But Where Is the Cash Proof?
BigBear.ai's Q1 2026 backlog and gross margin improved, but the deep dive keeps the proof gate on revenue conversion, adjusted EBITDA, and operating cash flow.
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BigBear.ai's Q1 2026 backlog and gross margin improved, but the deep dive keeps the proof gate on revenue conversion, adjusted EBITDA, and operating cash flow.
OpenAudioEye sits in a useful corner of software: websites and mobile apps keep needing accessibility testing, monitoring and remediation. The appeal is $41.2 million of ARR, about 78% GAAP gross margin and positive operating cash flow. The catch is that AEYE is still a small, levered company with GAAP losses, customer concentration and litigation expense.
OpenADTRAN's fiber and optical-networking rebound is finally visible in official numbers, but the next decision point is whether gross margin, cash conversion, debt, and Adtran Networks obligations let common shareholders keep the upside.
OpenADT has a 6.1 million-subscriber monitoring base, $359 million of recurring monthly revenue, and real cash generation, but the stock story now depends on whether ADT+, Origin AI, and smart-home intelligence can improve growth without stretching payback or leverage.
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