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Nasdaq · Industrials

Bridger Aerospace Group Holdings, Inc. (BAER)

As-reported financials and SEC filings for Bridger Aerospace Group Holdings, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Bridger Aerospace Group Holdings, Inc.

Bridger Aerospace Group Holdings, Inc. provides aerial wildfire surveillance, relief, and suppression services primarily in the United States. The company operates specialized firefighting aircraft, including Super Scoopers that drop large volumes of water on wildfires, and offers aerial surveillance using sensor-equipped aircraft to support incident commanders. Bridger also provides maintenance, repair, and airframe modification services for governmental and commercial customers.

Snapshot

Revenue
$122.8M
Revenue growth (YoY)
24.6%
Net income
$4.1M
Diluted EPS
$-0.42
Gross margin
42.1%
Operating margin
Net margin
3.4%
FCF margin
-52.3%
ROE
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$68.2M
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Bridger Aerospace Group Holdings

  • Revenue grew 24.6% to $123M in FY2025, slower than the 47.8% the year before.
  • Most recent quarter Q2 FY2026: revenue $30M, down 0.8% from Q2 FY2025.
  • Free cash flow was negative $64M in FY2025.
  • Net income turned positive at $4M in FY2025, from a $16M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Bridger Aerospace Group Holdings’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin42.1%
78th percentile of 466
Net margin3.4%
49th percentile of 645
FCF margin-52.3%
2nd percentile of 562
Revenue growth (YoY)+24.6%
86th percentile of 668
Short interest1.00d
1st percentile of 676

Bridger Aerospace Group Holdings’s FCF margin of -52.3% ranks in the 2nd percentile of the 562 Industrials companies reporting it. Bridger Aerospace Group Holdings’s revenue growth of +24.6% ranks in the 86th percentile of the 668 Industrials companies reporting it.

6 reported insider purchases (code P) totaling $354,050 in the last 90 days, against 12 sales totaling $12.2M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+2 quant / multi-strat
Initiated / added
1
0 new, 1 added
Reduced / exited
1
1 trimmed, 0 exited
Combined position
$79,172
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$47,86624.9KAdded
Point72 Asset ManagementquantQ2 2026$31,30616.3KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
6
1 insider
Bought (90d)
$354K
code P value
Sells (90d)
12
$12.2M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-20
KELTER JEFFREY EDirectorBuy50.0K$1.16$58K
2026-08-20
KELTER JEFFREY EDirectorBuy50.0K$1.16$58K
2026-08-20
KELTER JEFFREY EDirectorBuy50.0K$1.16$58K
2026-08-19
filed 2026-08-20
KELTER JEFFREY EDirectorBuy50.0K$1.20$60K
2026-08-19
filed 2026-08-20
KELTER JEFFREY EDirectorBuy50.0K$1.20$60K
2026-08-19
filed 2026-08-20
KELTER JEFFREY EDirectorBuy50.0K$1.20$60K
2026-08-11
filed 2026-08-13
Blackstone Holdings II L.P.10% ownerSell2.7M$1.04$2.8M
2026-08-11
filed 2026-08-13
Blackstone Holdings I L.P.10% ownerSell2.7M$1.04$2.8M
2026-08-11
filed 2026-08-13
Blackstone Holdings II L.P.10% ownerSell46.8K$1.04$49K
2026-08-11
filed 2026-08-13
Blackstone Holdings I L.P.10% ownerSell46.8K$1.04$49K
2026-08-11
filed 2026-08-13
Blackstone Holdings II L.P.10% ownerSell20.9K$1.04$22K
2026-08-11
filed 2026-08-13
Blackstone Holdings I L.P.10% ownerSell20.9K$1.04$22K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.2M
settled 2026-08-14
Change vs prior
-35.1%
vs previous settlement
Days to cover
1.00
at avg daily volume
Avg daily volume
2.4M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-141.2M-35.1%1.00
2026-07-311.8M+41.0%4.11
2026-07-151.3M-7.9%4.22
2026-06-301.4M-17.0%2.66
2026-06-151.7M-5.7%3.06
2026-05-291.8M+76.4%1.34
2026-05-151.0M-13.5%1.45
2026-04-301.2M+18.0%2.91

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022
Revenue$122.8M$98.6M$66.7M$46.4M
Gross profit$51.7M$41.1M$25.4M$12.5M
Operating income$5.3M$-57.5M$-22.6M
Net income$4.1M$-15.6M$-77.4M$-42.1M
Diluted EPS$-0.42$-0.81$-1.00$-4.10

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022
Cash and equivalents$31.4M$39.3M$23.0M$30.2M
Current assets$40.2M$63.8M$45.2M$106.9M
Total assets$330.3M$290.8M$273.5M$306.0M
Current liabilities$16.5M$23.4M$25.4M$24.3M
Long-term debt$212.4M$202.5M$204.6M$205.5M
Total liabilities$265.6M$237.3M$246.5M$230.6M
Total equity$-342.6M$-326.7M$-327.9M$-413.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022
Operating cash flow$16.7M$9.4M$-26.8M$-9.9M
Capital expenditure$80.9M$4.1M$20.7M$25.6M
Free cash flow$-64.2M$5.3M$-47.5M$-35.5M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$30.5M-0.8%$-498,000
Q1 FY2026$8.5M-45.6%$-31.3M$-0.69
Q4 FY2025$8.5M-45.2%$-15.1M$-0.28
Q3 FY2025$67.9M5.2%$34.5M$0.37
Q2 FY2025$30.8M136.3%$308,000
Q1 FY2025$15.6M184.1%$-15.5M$-0.41
Q4 FY2024$15.6M1306.6%$-12.8M$-0.24
Q3 FY2024$64.5M20.3%$27.3M$0.31

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorIndustrials
SIC industryServices-Business Services, NEC
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2022
SEC CIK1941536

Selected SEC filings

10-K2026-03-06
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
8-K2026-08-06
View on EDGAR →
8-K2026-07-27
View on EDGAR →
8-K2026-06-05
View on EDGAR →
8-K2026-05-12
View on EDGAR →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.