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MARKETS / NASDAQ / BAER
NASDAQ · SERVICES-BUSINESS SERVICES, NEC · SMALL CAP

Bridger Aerospace Group Holdings, Inc. BAER

4 fiscal years on record · USD · FY2025 reported · SEC filings only
$122.8M
▲ 24.6% YoY
$4.1M
$-64.2M
▼ 1318.2% YoY
In brief

What this company does

Bridger provides aerial wildfire surveillance, relief and suppression, and aerial firefighting services primarily throughout the United States. As of December 31, 2025, the company had a team of 235 employees headquartered in Belgrade, Montana. The company operates an aircraft fleet of nineteen planes. Its portfolio is organized across three core offerings: Fire Suppression, Aerial Surveillance, and Maintenance, Repair and Overhaul. In fire suppression, the company operates Super Scooper amphibious aircraft that drop high volumes of water directly onto active wildfires, complementing traditional ground-based suppression efforts. Its aerial surveillance services use Air Attack aircraft and sensor-enhanced manned aircraft for early detection, perimeter mapping, real-time video downlink, and command and control. In maintenance, repair and overhaul, the company provides return-to-service upgrades of the Spanish Scoopers, along with aerospace engineering services including operations support, aircraft modification, and airworthiness certification for manned and unmanned, rotary- and fixed-wing platforms. Bridger was founded in 2014 in Bozeman, Montana, by Tim Sheehy, a former U.S. Navy SEAL officer and current United States Senator.

Written from the business description in BRIDGER AEROSPACE GROUP HOLDINGS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 6 March 2026. Every sentence was checked against that document before publication.

Growth
USD 122.8M
Revenue, FY2025 · full 4-year series below
Revenue $M Net income $M
FY2025 · Revenue 122.8 · Net income 4.1
50M100M-40M2022202320242025
Compound annual growth
+38.3%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
3 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 3.2% · Net 3.4%
-50%-100%2022202320242025
ROE

Not applicable: equity was negative in this period, so return on equity has no meaning.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -64.2
-25.0M-50.0M2022202320242025

Total assetsUSD 330.3M
EquityUSD -342.6M
CashUSD 31.4M
Gross debtUSD 213.3M
Net debtUSD 181.9M
Current ratio2.43×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 4-year record
4 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022
Revenue $B0.10.10.10.0
Operating income $B0.0−0.0−0.1−0.0
EBITDA $B0.00.0−0.0−0.0
Income tax $B−0.0−0.0−0.00.0
Net income $B0.0−0.0−0.1−0.0
Free cash flow $B−0.10.0−0.0−0.0
EPS, diluted $−0.42−0.81−1.00−8.20
Dividend / sh $····
Payout %····
ROE %····
Shares out B0.060.050.040.04

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 20 reconciliationsAUDITED

Reconciled in 4 of 19 fiscal years. 75 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Business Services, NEC
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company, smaller reporting company
Data on record since2022

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