Security
Bridger Aerospace Group Holdings, Inc. Common Stock · BAER
BAERNASDAQCommon stockCurrentCIK 1941536Updated Nov 2, 2026
Name history
Wildfire New PubCo, Inc. · through Jan 25, 2023
BAER price & chart
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NASDAQ:BAER on TradingView ↗About the company
Based in Belgrade, Montana, Bridger Aerospace Group Holdings, Inc. is one of the nation’s largest aerial firefighting companies. Bridger provides aerial firefighting and wildfire management services to federal and state government agencies, including the United States Forest Service, across the nation, as well as internationally. More information about Bridger Aerospace is available at https://www.bridgeraerospace.com.
In the news
Bridger Aerospace and OroraTech Advance Integration of Space-Based Data into IGNIS for Centralized Wildfire Intelligence ↗
SR Aviation Infrastructure Acquires Bridger Hangar Complex at Bozeman Yellowstone International Airport News provided by SomeraRoad Oct 28, 2025, 16:16 ET Share this article Share to X Share this article Share to X The 3-hangar, 118,000 SF complex includes opportunity for future 40,000 SF hangar NEW ↗
Seeking Alpha
Bridger Aerospace Group Holdings, Inc. (BAER) Presents at Canaccord Genuity's 46th Annual Growth Conference - Slideshow ↗
Bridger Aerospace reiterates $135M-$145M 2026 revenue outlook as it outlines $58M Texas A&M program ↗
Bridger Aerospace Group Holdings, Inc. (BAER) Q2 2026 Earnings Call Transcript ↗
Recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 310,986,000Source | 307,312,000Source | 324,139,000Source | 279,038,000Source | 281,705,000Source | 314,371,000Source | 275,602,000Source | 252,431,000Source | 330,306,000Source | 290,809,000Source | 273,470,000Source | 305,979,000Source |
| GoodwillUSD | 20,888,000Source | 24,813,000Source | 20,888,000Source | 20,888,000Source | 24,741,000Source | 20,888,000Source | 20,888,000Source | 13,163,000Source | 20,888,000Source | 20,749,000Source | 13,163,000Source | 2,458,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 55,118,000Source | 33,328,000Source | 7,241,000Source | 17,036,000Source | 8,526,000Source | 9,000,000Source | 22,349,000Source | 6,776,000Source | 31,381,000Source | 39,336,000Source | 22,956,000Source | 30,163,000Source |
| Assets, CurrentUSD | 88,193,000Source | 74,312,000Source | 32,457,000Source | 53,578,000Source | 38,914,000Source | 19,224,000Source | 46,387,000Source | 25,207,000Source | 40,219,000Source | 63,809,000Source | 45,195,000Source | 106,865,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 5,045,000Source | 3,656,000Source | 3,644,000Source | 3,320,000Source | 2,937,000Source | 2,147,000Source | 3,686,000Source | 3,740,000Source | 3,994,000Source | 3,924,000Source | 2,648,000Source | 1,835,000Source |
| Operating Lease, Right-of-Use AssetUSD | 8,525,000Source | 8,013,000Source | 31,629,000Source | 9,094,000Source | 7,004,000Source | 32,980,000Source | 9,634,000Source | 7,395,000Source | 31,416,000Source | 7,951,000Source | 7,777,000Source | 671,000Source |
| Other Assets, NoncurrentUSD | 16,204,000Source | 16,580,000Source | 44,183,000Source | 16,741,000Source | 16,293,000Source | 46,349,000Source | 17,735,000Source | 16,174,000Source | 44,362,000Source | 16,406,000Source | 16,771,000Source | 4,356,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 233,064,000Source | 237,961,000Source | 289,837,000Source | 236,652,000Source | 242,480,000Source | 280,204,000Source | 236,230,000Source | 240,070,000Source | 265,640,000Source | 237,332,000Source | 246,539,000Source | 230,579,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 6,000Source | 6,000Source | 6,000Source | 6,000Source | 6,000Source | 6,000Source | 6,000Source | 5,000Source | 6,000Source | 6,000Source | 5,000Source | 4,000Source |
| Additional Paid in CapitalUSD | 86,988,000Source | 111,288,000Source | 71,204,000Source | 92,843,000Source | 114,623,000Source | 77,350,000Source | 96,583,000Source | 83,953,000Source | 82,315,000Source | 101,495,000Source | 84,771,000Source | 0Source |
| Retained Earnings (Accumulated Deficit)USD | -409,950,000Source | -416,394,000Source | -456,901,000Source | -444,469,000Source | -443,740,000Source | -456,403,000Source | -444,777,000Source | -433,759,000Source | -425,099,000Source | -429,239,000Source | -413,672,000Source | -415,304,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 563,000Source | 750,000Source | -1,401,000Source | 630,000Source | 1,111,000Source | -1,071,000Source | 820,000Source | 1,133,000Source | 187,000Source | 1,036,000Source | 987,000Source | 1,678,000Source |
| Stockholders' Equity Attributable to ParentUSD | -322,393,000Source | -304,350,000Source | -387,092,000Source | -350,990,000Source | -328,000,000Source | -380,118,000Source | -347,368,000Source | -348,668,000Source | -342,591,000Source | -326,702,000Source | -327,909,000Source | -413,622,000Source |
| Liabilities and EquityUSD | 310,986,000Source | 307,312,000Source | 324,139,000Source | 279,038,000Source | 281,705,000Source | 314,371,000Source | 275,602,000Source | 252,431,000Source | 330,306,000Source | 290,809,000Source | 273,470,000Source | 305,979,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 22,349,000Source | 21,746,000Source | 18,716,000Source | 24,648,000Source | 24,926,000Source | 21,343,000Source | 21,197,000Source | 20,068,000Source | 16,521,000Source | 23,392,000Source | 25,398,000Source | 24,307,000Source |
| Operating Lease, Liability, CurrentUSD | 2,274,000Source | 2,332,000Source | 3,033,000Source | 2,274,000Source | 2,153,000Source | 2,954,000Source | 2,258,000Source | 2,153,000Source | 2,384,000Source | 1,835,000Source | 2,153,000Source | 21,000Source |
| Accounts Payable, CurrentUSD | 6,473,000Source | 3,723,000Source | 5,012,000Source | 6,705,000Source | 4,516,000Source | 5,817,000Source | 6,949,000Source | 3,932,000Source | 3,417,000Source | 5,330,000Source | 3,978,000Source | 3,170,000Source |
| Operating Lease, Liability, NoncurrentUSD | 6,225,000Source | 5,852,000Source | 28,995,000Source | 6,849,000Source | 5,017,000Source | 30,289,000Source | 7,374,000Source | 5,395,000Source | 29,163,000Source | 6,083,000Source | 5,779,000Source | 755,000Source |
| Additional Financial Items | ||||||||||||
| Accrued Liabilities, CurrentUSD | 11,049,000Source | 13,570,000Source | 7,876,000Source | 13,165,000Source | 16,183,000Source | 9,652,000Source | 9,768,000Source | 11,955,000Source | 9,794,000Source | 14,057,000Source | 17,168,000Source | 18,670,000Source |
| Long-term Debt, Current MaturitiesUSD | 2,553,000Source | 2,121,000Source | 2,795,000Source | 2,504,000Source | 2,074,000Source | 2,920,000Source | 2,222,000Source | 2,028,000Source | 926,000Source | 2,170,000Source | 2,099,000Source | 2,446,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 200,396,000Source | 203,045,000Source | 233,092,000Source | 201,015,000Source | 203,586,000Source | 215,897,000Source | 201,857,000Source | 204,115,000Source | 212,380,000Source | 202,469,000Source | 204,585,000Source | 205,471,000Source |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | — | — | 2,050,000Source | 1,979,000Source | 15,471,000Source | 17,451,000Source | 11,089,000Source | 9,091,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 2,432,000Source | 1,991,000Source | 7,098,000Source | 16,160,000Source | 47,796,000Source | 9,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 3,663,000Source | 4,294,000Source | -2,755,000Source | 2,133,000Source | 1,085,000Source | -6,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | -373,000Source | -1,142,000Source | -342,000Source | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | -21,117,000Source | -17,656,000Source | 16,732,000Source | 9,355,000Source | -26,808,000Source | -9,918,000Source |
| Cash flows from investing activities: | ||||||||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -5,985,000Source | -2,643,000Source | -34,443,000Source | 2,056,000Source | 27,158,000Source | -89,813,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 5,697,000Source | 3,311,000Source | 80,942,000Source | 4,084,000Source | 20,738,000Source | 25,582,000Source |
| Cash flows from financing activities: | ||||||||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 4,763,000Source | -1,159,000Source | -4,320,000Source | 4,673,000Source | -5,831,000Source | 124,930,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | -22,381,000Source | -21,490,000Source | -21,702,000Source | 16,146,000Source | -5,523,000Source | 25,199,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 64,375,000Source | 42,590,000Source | 7,241,000Source | 30,873,000Source | 9,000,000Source | 31,593,000Source | 31,381,000Source | 53,083,000Source | 36,937,000Source | 42,460,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 5,656,000Source | 10,228,000Source | 28,839,000Source | 23,137,000Source | 23,220,000Source | 12,747,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 18,000Source | 0Source | 430,000Source | — | — | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | -42,000Source | -32,000Source | 329,000Source | 62,000Source | -42,000Source | 0Source |
| Additional Financial Items | ||||||||||||
| Amortization of Debt Issuance CostsUSD | — | — | 300,000Source | 300,000Source | 600,000Source | 200,000Source | 524,000Source | 252,000Source | 1,096,000Source | 943,000Source | 968,000Source | 601,000Source |
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | — | — | 100,000Source | 100,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | — | — | — | — | — | — | 698,000Source | — | — | — |
| Gain (Loss) on Sale of InvestmentsUSD | — | — | — | — | — | — | — | — | — | — | 794,000Source | 0Source |
| Gain (Loss) on Disposition of Other AssetsUSD | — | — | — | — | — | — | -82,000Source | 111,000Source | 87,000Source | -386,000Source | -1,183,000Source | -1,770,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | 0Source | 0Source | 0Source | 0Source | -100,000Source | 100,000Source | — | — | 1,200,000Source | 1,800,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | — | — | -7,776,000Source | — | 0Source | -845,000Source |
| GoodwillUSD | — | — | 20,888,000Source | 24,813,000Source | 20,888,000Source | 20,888,000Source | 20,888,000Source | 20,888,000Source | 20,888,000Source | 20,749,000Source | 13,163,000Source | 2,458,000Source |
| Goodwill, Impairment LossUSD | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | — | — | -840,000Source | 0Source | -5,000Source | 182,000Source | 28,000Source | 251,000Source | -215,000Source | -762,000Source | -302,000Source | 0Source |
| InterestExpenseNonoperatingUSD | — | — | — | 5,989,000Source | — | — | — | — | — | 23,714,000Source | — | — |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment LossUSD | — | — | — | — | — | — | — | 0Source | 0Source | 16,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | 34,519,000Source | 27,346,000Source | -498,000Source | 308,000Source | -31,304,000Source | -15,538,000Source | 4,140,000Source | -15,567,000Source | -77,358,000Source | -42,125,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 27,580,000Source | 20,870,000Source | -7,607,000Source | -6,328,000Source | -38,332,000Source | -22,099,000Source | -22,938,000Source | -40,906,000Source | 8,524,000Source | -330,477,000Source |
| Operating Lease, Lease IncomeUSD | — | — | 8,000Source | 2,400,000Source | 21,000Source | 3,300,000Source | 18,000Source | 300,000Source | 4,100,000Source | 4,900,000Source | 12,000Source | 300,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 451,000Source | 470,000Source | 91,000Source | 700,000Source | 140,000Source | 599,000Source | 11,788,000Source | 2,067,000Source | 3,053,000Source | 521,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | — | — | — | — | 0Source | 168,000Source | — | — |
| Proceeds from Issuance of Redeemable Preferred StockUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 288,517,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | — | — | — | — | — | — | — | — | 0Source | -51,000Source | -3,000Source |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 67,886,000Source | 64,507,000Source | 30,494,000Source | 30,751,000Source | 8,512,000Source | 15,646,000Source | 122,830,000Source | 98,613,000Source | 66,708,000Source | 46,388,000Source |
| Cost of Goods and Services Sold | — | — | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source |
| Selling, General and Administrative ExpenseUSD | — | — | 7,723,000Source | 8,641,000Source | 5,309,000Source | 6,524,000Source | 16,730,000Source | 8,590,000Source | 36,283,000Source | 35,820,000Source | 82,863,000Source | 35,128,000Source |
| Operating Income (Loss)USD | — | — | 39,030,000Source | 32,865,000Source | — | 5,527,000Source | — | -10,151,000Source | — | 5,318,000Source | -57,495,000Source | -22,626,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 451,000Source | 470,000Source | 91,000Source | 700,000Source | 140,000Source | 599,000Source | 11,788,000Source | 2,067,000Source | 3,053,000Source | 521,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 33,679,000Source | 27,346,000Source | -503,000Source | 490,000Source | -31,276,000Source | -15,287,000Source | 3,925,000Source | -16,329,000Source | -77,660,000Source | -42,125,000Source |
| Income Tax Expense (Benefit)USD | — | — | -840,000Source | 0Source | -5,000Source | 182,000Source | 28,000Source | 251,000Source | -215,000Source | -762,000Source | -302,000Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 34,519,000Source | 27,346,000Source | -498,000Source | 308,000Source | -31,304,000Source | -15,538,000Source | 4,140,000Source | -15,567,000Source | -77,358,000Source | -42,125,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 0.5Source | 0.39Source | -0.13Source | -0.12Source | -0.69Source | -0.41Source | -0.42Source | -0.81Source | 0.19Source | -8.2Source |
| Earnings Per Share, DilutedUSD per share | — | — | 0.37Source | 0.31Source | -0.13Source | -0.12Source | -0.69Source | -0.41Source | -0.42Source | -0.81Source | -1Source | -8.2Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 54,637,414Source | 52,934,951Source | 56,439,564Source | 53,878,966Source | 55,289,231Source | 53,814,596Source | 54,283,410Source | 50,524,996Source | 45,269,201Source | 40,287,478Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 92,112,791Source | 87,955,641Source | 56,439,564Source | 53,878,966Source | 55,289,231Source | 53,814,596Source | 54,283,410Source | 50,524,996Source | 77,527,381Source | 40,287,478Source |
| Interest Expense (non-operating)USD | — | — | — | 5,989,000Source | — | — | — | — | — | 23,714,000Source | — | — |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | — | — | — | — | — | — | — | — | 100,000Source | 100,000Source |
| Business Combination, Acquisition Related CostsUSD | — | — | — | — | — | — | — | — | — | — | 100,000Source | — |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 158,000Source | 380,000Source | 40,000Source | 0Source |
| Goodwill, Impairment LossUSD | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | — | 0Source | 0Source |
| Gross ProfitUSD | — | — | 46,753,000Source | 41,506,000Source | 11,322,000Source | 12,051,000Source | -8,536,000Source | -1,561,000Source | 51,683,000Source | 41,138,000Source | 25,368,000Source | 12,502,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | 3,199,000Source | -15,566,000Source | -77,659,000Source | -42,125,000Source |
| Interest ExpenseUSD | — | — | — | — | — | — | — | — | — | — | 23,218,000Source | 20,020,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | — | — | -5,802,000Source | -5,989,000Source | -6,607,000Source | -5,737,000Source | -6,150,000Source | -5,735,000Source | -23,263,000Source | — | — | — |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment LossUSD | — | — | — | — | — | — | — | 0Source | 0Source | 16,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | 27,580,000Source | 20,870,000Source | -7,607,000Source | -6,328,000Source | -38,332,000Source | -22,099,000Source | -22,938,000Source | -40,906,000Source | 8,524,000Source | -330,477,000Source |
| Operating Lease, Lease IncomeUSD | — | — | 8,000Source | 2,400,000Source | 21,000Source | 3,300,000Source | 18,000Source | 300,000Source | 4,100,000Source | 4,900,000Source | 12,000Source | 300,000Source |
Filing attachments
d110889dex991.htm · 8-K · 2026-05-12
EX-99.1 2 d110889dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 May 6, 2026 ─────────────── Bridger Aerospace Reports First Quarter 2026 Results First quarter 2026 revenue of $8.5 million, in line with guidance as the Company prepares for fire season Based on current weather and environmental conditions, Bridger anticipates a highly active fire season The Company reiterates 2026 guidance, including revenue expectations of $135 million to $145 million BELGRADE, Mont. - (BUSINESS WIRE) - Br…
Read attachment ↗d110889dex992.htm · 8-K · 2026-05-12
EX-99.2 3 d110889dex992.htm EX-99.2 EX-99.2 Exhibit 99.2 Bridger Aerospace Group Holdings, Inc. First Quarter 2026 Earnings Conference Call May 6, 2026 CORPORATE PARTICIPANTS Anne Hayes, Chief Financial Officer Sam Davis, President and Chief Executive Officer CONFERENCE CALL PARTICIPANTS Austin Moeller, Canaccord Genuity Jonathan Siegmann, Stifel Nicolaus PRESENTATION Operator Good afternoon, everyone. Welcome to today’s Bridger Aerospace First Quarter 2026 Earnings Conference C…
Read attachment ↗