Every 10-Q that Bridger Aerospace Group Holdings, Inc. (BAER) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BAER and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BAER filings page.
Bridger Aerospace Group Holdings, Inc., an aerial wildfire and surveillance services provider, reported unaudited results for the three and six months ended June 30, 2026. Revenue was $30,494 (thousands) for the quarter, essentially flat with $30,751 (thousands) a year earlier, while first-half revenue declined to $39,006 (thousands) from $46,397 (thousands), driven by lower MRO, Spanish and other services. Gross income was $11,322 (thousands) for the quarter and $2,786 (thousands) year-to-date, down from $12,051 (thousands) and $10,490 (thousands), respectively. Quarterly selling, general and administrative expense fell to $5,309 (thousands) from $6,524 (thousands), helped by a net $3.3 million reduction in stock-based compensation tied to a former executive, but first-half SG&A increased to $22,039 (thousands) from $15,114 (thousands). Interest expense rose to $12,757 (thousands) for the first half.
The company posted a net loss of $498 (thousands) for the quarter versus net income of $308 (thousands) a year earlier, and a first-half net loss of $31,802 (thousands) versus $15,230 (thousands). After Series A Preferred Stock adjustments, loss attributable to common stockholders was $45,939 (thousands) for the first half, with basic and diluted loss per share of $0.13 for the quarter and $0.82 year-to-date. Cash and cash equivalents declined to $7,241 from $31,381 (both dollars in thousands) since December 31, 2025, after net cash used in operating activities of $36,822 (thousands) and investing outflows of $9,189 (thousands), partly offset by $21,961 (thousands) of net financing inflows, including $14.0 million drawn on the Delayed Draw Term Loan and $10.0 million on the Revolver. Long-term debt, net of issuance costs, was $233,092 (thousands) with $2,795 (thousands) current, Series A Preferred Stock classified as mezzanine equity increased to $421,394 (thousands), and total stockholders’ deficit widened to $387,092 (thousands). Contract assets were $3,865 (thousands) and contract liabilities $1,897 (thousands), with $9.5 million of remaining performance obligations expected to be recognized within twelve months, and the fleet comprised 21 aircraft.
Bridger Aerospace Group Holdings, Inc. reported first‑quarter 2026 results with lower revenue and a significantly wider loss than a year earlier. Revenue was $8.5 million versus $15.6 million in 2025, driven by weaker fire suppression and MRO activity in both the U.S. and Spain.
Net loss grew to $31.3 million from $15.5 million, and loss per share increased to $0.69 from $0.41. Operating cash outflow was $21.1 million, reducing cash and cash equivalents to $9.0 million from $31.4 million at year‑end, while total debt rose to $227.8 million, leaving a stockholders’ deficit of $380.1 million. The company maintains a 21‑aircraft fleet, has $10.4 million of remaining contracted performance obligations (98% expected within 12 months), and recently drew $6.0 million on its revolving credit facility.
Bridger Aerospace Group Holdings (BAER) reported stronger Q3 results. Revenue reached $67.9 million, up from $64.5 million a year ago, and net income rose to $34.5 million from $27.3 million. Operating income improved to $39.0 million versus $32.9 million. Diluted EPS was $0.37 ($0.50 basic).
For the first nine months, revenue was $114.3 million compared with $83.0 million last year, and net income was $19.3 million versus a loss of $2.7 million. Operating cash flow turned positive at $24.8 million, compared with an outflow last year. Cash and equivalents were $55.1 million as of September 30, 2025, up from $39.3 million at year-end.
Fire suppression remained the core driver at $52.6 million in Q3, with aerial surveillance at $10.8 million and MRO at $4.5 million. Customer concentration was elevated, with two customers representing 79% and 10% of Q3 revenue. As of November 3, 2025, 55,543,104 common shares were outstanding. After quarter-end, the company closed a sale-leaseback of its Bozeman hangar and offices for approximately $49.3 million and purchased a King Air aircraft in Q3 for about $3.4 million to support surveillance services.