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Bridger Aerospace Group
Bridger Aerospace Group (BAER) investor relations material
Bridger Aerospace Group Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary5 Mar, 2026
Executive summary
Achieved record operational and financial performance in 2025, with revenue up 25% year-over-year to $122.8 million and positive net income of $4.1 million, reversing a net loss of $15.6 million in 2024.
Adjusted EBITDA increased 21% to $45.3 million for 2025, with positive cash flow for the second consecutive year.
Expanded fleet with new aircraft acquisitions and integration of sensor-enhanced capabilities, advancing technology platforms.
Supported 380 fires across 21 states, dropping 7.3 million gallons of water and achieving 96% uptime on contract.
Completed major financing and leadership transitions, including new CFO and COO appointments.
Financial highlights
Full-year 2025 revenue was $122.8 million, up from $98.6 million in 2024; excluding return to service work, revenue rose 23%.
Net income for 2025 was $4.1 million, compared to a net loss of $15.6 million in 2024.
Adjusted EBITDA for 2025 was $45.3 million, up from $37.3 million in 2024.
Fourth quarter 2025 revenue was $8.5 million, with a net loss of $15.1 million and adjusted EBITDA of negative $9.5 million.
Cash and cash equivalents at year-end were $31.4 million (2025) vs. $39.3 million (2024).
Outlook and guidance
2026 revenue guidance is $135 million–$145 million, with adjusted EBITDA of $55 million–$60 million, representing 14% and 27% growth at midpoints, respectively.
Expects over 25% growth in 2026, excluding 2025 Spain return to service work.
Positive net income and improved cash from operations anticipated for 2026.
Contribution from new Scoopers and MMA aircraft expected to be 10–15% of 2026 revenue at ~40% EBITDA margin.
Fleet expansion and increased aircraft deployment expected to drive growth.
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Next Bridger Aerospace Group earnings date
Q1 20267 May, 2026
Bridger Aerospace Group
Next Bridger Aerospace Group earnings date
Q1 20267 May, 2026
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Frequently asked questions
Bridger Aerospace Group Holdings Inc. specializes in aerial wildfire management, offering comprehensive services that include surveillance, relief, suppression, and aerial firefighting. These services are primarily provided to federal and state government agencies in the United States, including the United States Forest Service. Bridger Aerospace leverages next-generation technology and employs environmentally friendly and sustainable methods in its operations. The company's focus on innovation and sustainability positions it as a key player in managing and combating wildfires across the nation. The company is headquartered in Belgrade, Montana, and its shares are listed on the Nasdaq.
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