Bridger Aerospace Group Holdings, Inc.

Listed Company

BAERWCIK 0001941536NasdaqEmerging GrowthServices-Business Services, NecDelawareCHFY ends Dec 31

Period

FY 2025

Revenue

$122.83M

Net Income

$4.14M

Total Assets

$330.31M

Equity

$-342.59M

Shares Out

55.92M

Op. Cash Flow

$16.73M

Business

Bridger Aerospace Group Holdings, Inc. provides aerial wildfire surveillance, relief and suppression and airframe modification and integration services using specialized aircraft and technology. Its main offerings include direct aerial fire suppression with Super Scooper amphibious aircraft, aerial surveillance and Air Attack coordination, maintenance, repair and overhaul (MRO) services, and fire monitoring technology platforms. The company’s portfolio is organized into three core segments: Fire Suppression, Aerial Surveillance and MRO. It primarily serves U.S. federal, state and local government customers through contractual deployments and seeks opportunities for international seasonal operations.

Summary from filing dated 2025-03-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro