Bridger Aerospace Group Holdings Inc
NASDAQ:BAER
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Bridger Aerospace Group Holdings Inc
Bridger Aerospace Group Holdings, Inc. engages in the provision of aerial firefighting services. The company is headquartered in Belgrade Montana, Montana and currently employs 4 full-time employees. The company went IPO on 2021-03-15. The firm is engaged in providing aerial wildfire surveillance, relief and suppression and aerial firefighting services to federal and state government agencies, including the United States Forest Service. The Company’s purpose-built fleet includes six Super Scoopers (CL-415EAF), and a mix of next generation Air Attack and support aircraft, which include Daher Kodiaks, Pilatus PC-12s, a DeHavilland Twin Otter, and Twin Commanders. The company also operates unmanned aerial vehicle (UAVs) for infrared fire surveillance and tactical awareness of fire behavior to assist firefighters. Its FireTrac platform integrates proprietary in-flight imaging capabilities and data to deliver insights on fire risk. FireTrac is available on the Web and as an app and includes fire maps and sensor data, near real-time imagery of critical fire incidents, satellite and weather data, and user-uploaded reporting and updates.
Bridger Aerospace Group Holdings, Inc. engages in the provision of aerial firefighting services. The company is headquartered in Belgrade Montana, Montana and currently employs 4 full-time employees. The company went IPO on 2021-03-15. The firm is engaged in providing aerial wildfire surveillance, relief and suppression and aerial firefighting services to federal and state government agencies, including the United States Forest Service. The Company’s purpose-built fleet includes six Super Scoopers (CL-415EAF), and a mix of next generation Air Attack and support aircraft, which include Daher Kodiaks, Pilatus PC-12s, a DeHavilland Twin Otter, and Twin Commanders. The company also operates unmanned aerial vehicle (UAVs) for infrared fire surveillance and tactical awareness of fire behavior to assist firefighters. Its FireTrac platform integrates proprietary in-flight imaging capabilities and data to deliver insights on fire risk. FireTrac is available on the Web and as an app and includes fire maps and sensor data, near real-time imagery of critical fire incidents, satellite and weather data, and user-uploaded reporting and updates.
Revenue Beat: Bridger Aerospace surpassed its full-year revenue guidance in just the first nine months, with Q3 revenue of $67.9 million and updated 2025 revenue guidance raised to $118–123 million.
Profitability: Net income for Q3 rose to $34.5 million, up from $27.3 million last year, and earnings per diluted share increased to $0.37.
Record Utilization: Fleet utilization days were up nearly 10% year-over-year, and multi-mission aircraft nearly doubled flight hours.
Financial Flexibility: Completed a $49 million sale-leaseback and secured a new $331 million credit facility, providing capital for fleet expansion.
EBITDA Guidance: Management expects to finish 2025 at the high end of adjusted EBITDA guidance ($42–48 million), after already achieving $54.8 million in the first nine months.
Positive Cash Flow: Year-to-date free cash flow is about $14 million, expected to remain stable or slightly higher for the full year.
Strategic Growth: Continued investment in technology and aircraft, plus new federal initiatives and increased wildfire funding, are expected to support future growth.