Bridger Aerospace Group Holdings, Inc.
Business
Bridger Aerospace Group Holdings provides aerial wildfire surveillance, suppression, and firefighting services using specialized aircraft throughout the United States. Core offerings include fire suppression via CL-415EAF Super Scooper aircraft, aerial surveillance via manned Air Attack platforms with real-time data delivery, and airframe modification services. The company operates a fleet of specialized aircraft and serves federal agencies including the U.S. Forest Service and Department of Interior, as well as state agencies.
Summary from 10-K filed 2026-03-06
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Revenues | 123 | 99 | 67 | 46 | |
| Flight operations | 32 | 31 | 24 | 19 | |
| Maintenance | 39 | 26 | 17 | 15 | |
| Total cost of revenues | 71 | 57 | 41 | 34 | |
| Gross income | 52 | 41 | 25 | 13 | |
| Selling, general and administrative expense | 36 | 36 | 83 | 35 | |
| Interest expense | 23 | 24 | — | — | |
| Other income | 12 | 2 | 3 | 521,000 | |
| Income (loss) before income taxes | 4 | −16 | −78 | −42 | |
| Income tax benefit | 215,000 | 762,000 | 302,000 | 0 | |
| Net income (loss) | 4 | −16 | −77 | −42 | |
| Series A Preferred Stock - adjustment to maximum redemptions value | −27 | −25 | −22 | — | |
| Loss attributable to Common stockholders - basic | −23 | −41 | 9 | −330 | |
| Loss attributable to Common stockholders - diluted | −23 | −41 | −77 | −330 | |
| Loss per share basic (in dollars per share) | −0.42 | −0.81 | 0.19 | −8.2 | |
| Loss per share - diluted (in dollars per share) | −0.42 | −0.81 | −1 | −8.2 | |
| Weighted average Common Stock outstanding basic (in shares) | 54 | 51 | 45 | 40 | |
| Weighted average Common Stock outstanding Diluted (in shares) | 54 | 51 | 78 | 40 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 31 | 39 | 23 | 30 | — | |
| Restricted cash | 0 | 14 | 14 | 12 | — | |
| Accounts receivable | 3 | 6 | 4 | 29,000 | — | |
| Aircraft support parts | 2 | 857,000 | 488,000 | 2 | — | |
| Prepaid expenses and other current assets | 4 | 4 | 3 | 2 | — | |
| Total current assets | 40 | 64 | 45 | 107 | — | |
| Property, plant, and equipment, net | 219 | 184 | 197 | 192 | — | |
| Intangible assets, net | 6 | 6 | 2 | 208,000 | — | |
| Goodwill | 21 | 21 | 13 | 2 | — | |
| Other noncurrent assets | 44 | 16 | 17 | 4 | — | |
| Total assets | 330 | 291 | 273 | 306 | — | |
| Accounts payable | 3 | 5 | 4 | 3 | — | |
| Accrued expenses and other current liabilities | 10 | 14 | 17 | 19 | — | |
| Operating right-of-use current liabilities | 2 | 2 | 2 | 21,000 | — | |
| Current portion of long-term debt, net of debt issuance costs | 926,000 | 2 | 2 | 2 | — | |
| Total current liabilities | 17 | 23 | 25 | 24 | — | |
| Long-term accrued expenses and other noncurrent liabilities | 8 | 5 | 11 | 46,000 | — | |
| Operating lease right-of-use liabilities (non-current) | 29 | 6 | 6 | 755,000 | — | |
| Long-term debt, net of debt issuance costs | 212 | 202 | 205 | 205 | — | |
| Total liabilities | 266 | 237 | 247 | 231 | — | |
| COMMITMENTS AND CONTINGENCIES | — | — | — | — | — | |
| Series A Preferred Stock, $0.0001 par value; 315,789.473684 shares authorized, issued and outstanding at December 31, 2025 and 2024 | 407 | 380 | — | — | — | |
| Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 55,894,663 shares issued and outstanding at December 31, 2025; 54,209,388 shares issued and outstanding at December 31, 2024 | 6,000 | 6,000 | 5,000 | 4,000 | — | |
| Additional paid-in capital | 82 | 101 | 85 | 0 | — | |
| Accumulated deficit | −425 | −429 | −414 | −415 | — | |
| Accumulated other comprehensive income | 187,000 | 1 | 987,000 | 2 | — | |
| Total stockholders deficit | −343 | −327 | −328 | −414 | −85 | |
| Total liabilities, mezzanine equity and stockholders deficit | 330 | 291 | 273 | 306 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Depreciation and amortization | 15 | 17 | 11 | 9 | |
| Loss on debt extinguishment | 8 | 0 | 0 | 845,000 | |
| Impairment of long-lived assets | 200,000 | 0 | 3 | 0 | |
| Stock-based compensation expense | 7 | 16 | 48 | 9,000 | |
| Change in fair value of Warrants | 4 | −5 | −267,000 | 0 | |
| Amortization of debt issuance costs | 1 | 900,000 | 1 | 600,000 | |
| Loss on termination of interest rate swap | 59,000 | 0 | — | — | |
| Reclassification of realized gain on derivative instruments from AOCI | −700,000 | 0 | — | — | |
| Change in fair value of earnout consideration | −2 | −393,000 | 167,000 | 0 | |
| (Gain) loss on disposal of fixed assets | −87,000 | 386,000 | 1 | 2 | |
| Gain on sale-leaseback transaction | −17 | 0 | — | — | |
| Change in fair value of embedded derivative | 0 | −885,000 | −155,000 | 1 | |
| Realized gain on investments in marketable securities | 0 | −16,000 | −794,000 | — | |
| Deferred tax benefit | −373,000 | −1 | −342,000 | 0 | |
| Accounts receivable | 3 | −2 | −1 | 6,000 | |
| Aircraft support parts | −797,000 | −104,000 | 1 | 183,000 | |
| Prepaid expense and other current and noncurrent assets | 2 | 2 | −2 | −372,000 | |
| Accounts payable, accrued expenses and other liabilities | −7 | −3 | −9 | 12 | |
| Net cash provided by operating activities | 17 | 9 | −27 | −10 | |
| Proceeds from sale-leaseback transaction, net | 47 | 0 | — | — | |
| Sale of property, plant and equipment | 976,000 | 649,000 | 817,000 | 286,000 | |
| Capitalized costs related to in-process research and development (IPR&D) | −1 | −1 | −328,000 | 0 | |
| Purchases and improvements of property, plant and equipment | −81 | −4 | −21 | −26 | |
| Proceeds from sales and maturities of marketable securities | 0 | 1 | 55 | — | |
| Collection of note receivable | 0 | 3 | 0 | — | |
| Cash acquired through acquisition | 0 | 3 | 0 | — | |
| Net cash (used in) provided by investing activities | −34 | 2 | 27 | −90 | |
| Proceeds from issuance of term loans | 220 | 0 | — | — | |
| Payment of issuance costs for term loans | −14 | 0 | 0 | −4 | |
| Termination of interest rate swap | 639,000 | 0 | — | — | |
| Payment of finance lease liability | −27,000 | −26,000 | −30,000 | −27,000 | |
| Cash paid for taxes related to net share settlement of equity awards | −391,000 | −644,000 | 0 | — | |
| Repayments on debt | −211 | −3 | −2 | −2 | |
| Payment of issuance costs for Common Stock in offerings | 0 | −1 | 0 | −4 | |
| Proceeds from issuance of Common Stock in the at-the-market offering | 0 | 168,000 | 0 | — | |
| Proceeds from issuance of Common Stock in the registered direct offering | 0 | 9 | 0 | — | |
| Net cash (used in) provided by financing activities | −4 | 5 | −6 | 125 | |
| Effects of exchange rate changes | 329,000 | 62,000 | −42,000 | 0 | |
| Net change in cash, cash equivalents and restricted cash | −22 | 16 | −6 | 25 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Bridger Aerospace Group Holdings, Inc.'s CIK number?
Bridger Aerospace Group Holdings, Inc.'s SEC CIK number is 0001941536 (1941536). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Bridger Aerospace Group Holdings, Inc.'s SEC filings?
All of Bridger Aerospace Group Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Bridger Aerospace Group Holdings, Inc. last report earnings?
Bridger Aerospace Group Holdings, Inc. (BAER) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-219605). This is Bridger Aerospace Group Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Bridger Aerospace Group Holdings, Inc.'s most recent earnings 8-K?
Bridger Aerospace Group Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001193125-26-219605. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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