Bridger Aerospace Group Holdings Inc Financials
This page shows Bridger Aerospace Group Holdings Inc (BAERW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Bridger Aerospace Group Holdings Inc has an operating margin of 5.4%, meaning the company retains $5 of operating profit per $100 of revenue. This below-average margin results in a low score of 27/100, suggesting thin profitability after operating expenses. This is up from -86.2% the prior year.
Bridger Aerospace Group Holdings Inc's revenue surged 47.8% year-over-year to $98.6M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
With a current ratio of 2.73, Bridger Aerospace Group Holdings Inc holds $2.73 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 89/100.
Bridger Aerospace Group Holdings Inc's free cash flow margin of 5.3% results in a low score of 27/100. Capital expenditures of $4.1M absorb a large share of operating cash flow.
Bridger Aerospace Group Holdings Inc passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Bridger Aerospace Group Holdings Inc generates $-0.60 in operating cash flow ($9.4M OCF vs -$15.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Bridger Aerospace Group Holdings Inc earns $0.2 in operating income for every $1 of interest expense ($5.3M vs $23.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Bridger Aerospace Group Holdings Inc generated $98.6M in revenue in fiscal year 2024. This represents an increase of 47.8% from the prior year.
Bridger Aerospace Group Holdings Inc's EBITDA was $22.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 149.1% from the prior year.
Bridger Aerospace Group Holdings Inc generated $5.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 111.1% from the prior year.
Bridger Aerospace Group Holdings Inc reported -$15.6M in net income in fiscal year 2024. This represents an increase of 79.9% from the prior year.
Bridger Aerospace Group Holdings Inc earned $-0.81 per diluted share (EPS) in fiscal year 2024. This represents an increase of 19.0% from the prior year.
Bridger Aerospace Group Holdings Inc held $39.3M in cash against $202.5M in long-term debt as of fiscal year 2024.
Bridger Aerospace Group Holdings Inc had 54M shares outstanding in fiscal year 2024. This represents an increase of 21.1% from the prior year.
Bridger Aerospace Group Holdings Inc's gross margin was 41.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 3.7 percentage points from the prior year.
Bridger Aerospace Group Holdings Inc's operating margin was 5.4% in fiscal year 2024, reflecting core business profitability. This is up 91.6 percentage points from the prior year.
Bridger Aerospace Group Holdings Inc's net profit margin was -15.8% in fiscal year 2024, showing the share of revenue converted to profit. This is up 100.2 percentage points from the prior year.
Bridger Aerospace Group Holdings Inc invested $4.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 80.3% from the prior year.
BAERW Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $67.9M+120.8% | $30.8M+96.5% | $15.6M+1312.1% | $1.1M-97.9% | $53.6M+361.6% | $11.6M+3082.5% | $365K-67.2% | $1.1M |
| Cost of Revenue | $21.1M+13.0% | $18.7M+8.7% | $17.2M+126.1% | $7.6M-52.4% | $16.0M+51.9% | $10.5M+45.0% | $7.2M+36.3% | $5.3M |
| Gross Profit | $46.8M+288.0% | $12.1M+872.0% | -$1.6M+76.0% | -$6.5M-117.3% | $37.6M+3307.1% | $1.1M+116.1% | -$6.9M-63.6% | -$4.2M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $7.7M+18.4% | $6.5M-24.1% | $8.6M-55.7% | $19.4M+28.7% | $15.1M-0.8% | $15.2M-54.3% | $33.2M+411.8% | $6.5M |
| Operating Income | $39.0M+606.2% | $5.5M+154.4% | -$10.2M+60.8% | -$25.9M-214.6% | $22.6M+260.4% | -$14.1M+64.9% | -$40.1M-274.9% | -$10.7M |
| Interest Expense | $5.9M+1.6% | $5.9M-1.2% | $5.9M-2.0% | $6.0M+1.2% | $6.0M+7.8% | $5.5M-2.2% | $5.7M-19.4% | $7.0M |
| Income Tax | -$840K-561.5% | $182K-27.5% | $251K+1991.7% | $12K+103.8% | -$314K | $0 | $0 | N/A |
| Net Income | $34.5M+11107.5% | $308K+102.0% | -$15.5M+50.1% | -$31.1M-278.1% | $17.5M+191.9% | -$19.0M+57.4% | -$44.7M-162.3% | -$17.0M |
| EPS (Diluted) | $0.37+408.3% | $-0.12+70.7% | $-0.41-485.7% | $-0.07-131.8% | $0.22+140.0% | $-0.55+8.3% | $-0.60-130.8% | $-0.26 |
BAERW Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $311.0M+11.4% | $279.0M+1.2% | $275.6M+0.8% | $273.5M-5.9% | $290.7M+14.7% | $253.4M-3.2% | $261.7M-14.5% | $306.0M |
| Current Assets | $88.2M+64.6% | $53.6M+15.5% | $46.4M+2.6% | $45.2M-29.1% | $63.8M+54.8% | $41.2M-15.8% | $48.9M-54.3% | $106.9M |
| Cash & Equivalents | $55.1M+223.5% | $17.0M-23.8% | $22.3M-2.6% | $23.0M+18.5% | $19.4M+2193.4% | $845K-63.1% | $2.3M-92.4% | $30.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | $11.8M+3116.6% | $367K+1171.0% | $29K |
| Goodwill | $20.9M0.0% | $20.9M0.0% | $20.9M+58.7% | $13.2M+0.2% | $13.1M+434.4% | $2.5M0.0% | $2.5M0.0% | $2.5M |
| Total Liabilities | $633.4M+0.5% | $630.0M+1.1% | $623.0M+3.6% | $601.4M+2.1% | $589.0M+2.8% | $573.0M+0.9% | $567.8M-21.1% | $719.6M |
| Current Liabilities | $22.3M-9.3% | $24.6M+16.3% | $21.2M-16.5% | $25.4M+65.3% | $15.4M-9.0% | $16.9M-11.4% | $19.0M-21.7% | $24.3M |
| Long-Term Debt | $200.4M-0.3% | $201.0M-0.4% | $201.9M-1.3% | $204.6M-0.3% | $205.2M+0.1% | $205.1M-0.1% | $205.2M-0.1% | $205.5M |
| Total Equity | -$322.4M+8.1% | -$351.0M-1.0% | -$347.4M-5.9% | -$327.9M-9.9% | -$298.2M+6.7% | -$319.6M-4.4% | -$306.1M+26.0% | -$413.6M |
| Retained Earnings | -$409.9M+7.8% | -$444.5M+0.1% | -$444.8M-7.5% | -$413.7M-8.1% | -$382.6M+4.4% | -$400.1M-5.0% | -$381.0M+8.3% | -$415.3M |
BAERW Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $41.0M+2743.6% | $1.4M+108.2% | -$17.7M-220.2% | $14.7M+22.8% | $12.0M+171.2% | -$16.8M+54.2% | -$36.7M-1770.7% | -$2.0M |
| Capital Expenditures | $6.3M+583.9% | $926K-72.0% | $3.3M+23.4% | $2.7M-51.4% | $5.5M+307.2% | $1.4M-87.9% | $11.2M+533.4% | $1.8M |
| Free Cash Flow | $34.6M+6626.8% | $515K+102.5% | -$21.0M-274.7% | $12.0M+86.7% | $6.4M+135.4% | -$18.1M+62.1% | -$47.8M-1184.6% | -$3.7M |
| Investing Cash Flow | -$6.6M-431.4% | -$1.2M+52.8% | -$2.6M+69.6% | -$8.7M-219.3% | $7.3M-53.3% | $15.6M+20.4% | $13.0M+164.7% | -$20.0M |
| Financing Cash Flow | -$847K+0.5% | -$851K+26.6% | -$1.2M-59.6% | -$726K-19.2% | -$609K-45.3% | -$419K+89.7% | -$4.1M-20.6% | -$3.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BAERW Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'23 | Q3'24 | Q2'24 | Q1'24 | Q4'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.9%+29.7pp | 39.2%+49.2pp | -10.0%+576.8pp | -586.8%-657.0pp | 70.2%+60.7pp | 9.5%+1895.3pp | -1885.8%-1507.6pp | -378.1% |
| Operating Margin | 57.5%+39.5pp | 18.0%+82.8pp | -64.9%+2271.3pp | -2336.2%-2378.3pp | 42.1%+163.3pp | -121.2%+10868.4pp | -10989.6%-10027.8pp | -961.8% |
| Net Margin | 50.8%+49.8pp | 1.0%+100.3pp | -99.3%+2711.1pp | -2810.4%-2843.0pp | 32.6%+196.4pp | -163.8%+12078.7pp | -12242.5%-10710.9pp | -1531.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 11.1%+11.0pp | 0.1%+5.8pp | -5.6%+5.8pp | -11.4%-17.4pp | 6.0%+13.5pp | -7.5%+9.6pp | -17.1%-11.5pp | -5.6% |
| Current Ratio | 3.95+1.8 | 2.17-0.0 | 2.19+0.4 | 1.78-2.4 | 4.15+1.7 | 2.44-0.1 | 2.57-1.8 | 4.40 |
| Debt-to-Equity | -0.62-0.0 | -0.570.0 | -0.58+0.0 | -0.62+0.1 | -0.69-0.0 | -0.64+0.0 | -0.67-0.2 | -0.50 |
| FCF Margin | 51.0%+49.4pp | 1.7%+135.7pp | -134.0%-1216.9pp | 1082.9%+1071.0pp | 12.0%+168.2pp | -156.2%+12946.2pp | -13102.5%-12767.8pp | -334.7% |
Note: Shareholder equity is negative (-$326.7M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Frequently Asked Questions
What is Bridger Aerospace Group Holdings Inc's annual revenue?
Bridger Aerospace Group Holdings Inc (BAERW) reported $98.6M in total revenue for fiscal year 2024. This represents a 47.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Bridger Aerospace Group Holdings Inc's revenue growing?
Bridger Aerospace Group Holdings Inc (BAERW) revenue grew by 47.8% year-over-year, from $66.7M to $98.6M in fiscal year 2024.
Is Bridger Aerospace Group Holdings Inc profitable?
No, Bridger Aerospace Group Holdings Inc (BAERW) reported a net income of -$15.6M in fiscal year 2024, with a net profit margin of -15.8%.
What is Bridger Aerospace Group Holdings Inc's earnings per share (EPS)?
Bridger Aerospace Group Holdings Inc (BAERW) reported diluted earnings per share of $-0.81 for fiscal year 2024. This represents a 19.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Bridger Aerospace Group Holdings Inc's EBITDA?
Bridger Aerospace Group Holdings Inc (BAERW) had EBITDA of $22.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Bridger Aerospace Group Holdings Inc have?
As of fiscal year 2024, Bridger Aerospace Group Holdings Inc (BAERW) had $39.3M in cash and equivalents against $202.5M in long-term debt.
What is Bridger Aerospace Group Holdings Inc's gross margin?
Bridger Aerospace Group Holdings Inc (BAERW) had a gross margin of 41.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Bridger Aerospace Group Holdings Inc's operating margin?
Bridger Aerospace Group Holdings Inc (BAERW) had an operating margin of 5.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Bridger Aerospace Group Holdings Inc's net profit margin?
Bridger Aerospace Group Holdings Inc (BAERW) had a net profit margin of -15.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Bridger Aerospace Group Holdings Inc's free cash flow?
Bridger Aerospace Group Holdings Inc (BAERW) generated $5.3M in free cash flow during fiscal year 2024. This represents a 111.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Bridger Aerospace Group Holdings Inc's operating cash flow?
Bridger Aerospace Group Holdings Inc (BAERW) generated $9.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Bridger Aerospace Group Holdings Inc's total assets?
Bridger Aerospace Group Holdings Inc (BAERW) had $290.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Bridger Aerospace Group Holdings Inc's capital expenditures?
Bridger Aerospace Group Holdings Inc (BAERW) invested $4.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Bridger Aerospace Group Holdings Inc have outstanding?
Bridger Aerospace Group Holdings Inc (BAERW) had 54M shares outstanding as of fiscal year 2024.
What is Bridger Aerospace Group Holdings Inc's current ratio?
Bridger Aerospace Group Holdings Inc (BAERW) had a current ratio of 2.73 as of fiscal year 2024, which is generally considered healthy.
What is Bridger Aerospace Group Holdings Inc's debt-to-equity ratio?
Bridger Aerospace Group Holdings Inc (BAERW) had a debt-to-equity ratio of -0.62 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Bridger Aerospace Group Holdings Inc's return on assets (ROA)?
Bridger Aerospace Group Holdings Inc (BAERW) had a return on assets of -5.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Why is Bridger Aerospace Group Holdings Inc's debt-to-equity ratio negative or unusual?
Bridger Aerospace Group Holdings Inc (BAERW) has negative shareholder equity of -$326.7M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Bridger Aerospace Group Holdings Inc's Piotroski F-Score?
Bridger Aerospace Group Holdings Inc (BAERW) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Bridger Aerospace Group Holdings Inc's earnings high quality?
Bridger Aerospace Group Holdings Inc (BAERW) has an earnings quality ratio of -0.60x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Bridger Aerospace Group Holdings Inc cover its interest payments?
Bridger Aerospace Group Holdings Inc (BAERW) has an interest coverage ratio of 0.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Bridger Aerospace Group Holdings Inc?
Bridger Aerospace Group Holdings Inc (BAERW) scores 61 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.