)
Bridger Aerospace Group (BAER) investor relations material
Bridger Aerospace Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record Q3 2025 revenue of $67.9 million and nine-month revenue of $114.3 million, up 38% year-over-year, with net income for Q3 at $34.5 million and nine-month net income at $19.3 million, reversing a prior year loss.
Adjusted EBITDA for Q3 2025 was $49.1 million, up 4% year-over-year, and nine-month Adjusted EBITDA was $54.8 million, up from $40.2 million.
Completed major financing transactions, including a $49–$49.9 million sale leaseback and a $331–$331.5 million credit facility, refinancing debt and supporting fleet expansion.
Benefited from federal wildfire initiatives, new legislation, and increased wildfire budgets, supporting year-round operations and future demand.
Completed the acquisition of Flight Test & Mechanical Solutions (FMS), contributing to growth in maintenance, repair, and overhaul (MRO) revenues.
Financial highlights
Q3 2025 gross income was $46.8 million, with a gross margin of approximately 69% and operating income of $39.0 million.
Q3 2025 net income margin was 51%, and Adjusted EBITDA margin was 72%.
SG&A expenses for Q3 declined to $7.7 million, mainly due to lower stock-based compensation and earnout adjustments.
Cash and cash equivalents as of September 30, 2025, were $55.1 million.
Net cash provided by operating activities was $24.8 million for the first nine months of 2025.
Outlook and guidance
Revenue for 2025 is now expected between $118 million and $123 million, above previous guidance.
Adjusted EBITDA is expected at the higher end of the $42 million–$48 million range.
Management expects existing cash, cash flow from operations, and new credit facilities to be sufficient for at least the next 12 months.
Anticipates continued improvement in cash from operations and positive free cash flow for the year.
The company anticipates continued growth in demand for aerial firefighting services due to climate trends and increased wildfire activity.
Next Bridger Aerospace Group earnings date
Next Bridger Aerospace Group earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)