Bridger Aerospace Group Holdings Schedule 13G/A (Amendment No. 1) This amendment reports that ElementCompany, LLC and Timothy P. Sheehy have transferred all previously held shares of Bridger Aerospace common stock to blind trusts managed by independent trustees and to a donor advised fund, and that ElementCompany previously distributed its shares to its two members. As a result, the reporting persons no longer beneficially own more than 5% of the outstanding common stock. The filing cites 55,527,652 shares outstanding for percentage calculations.
Bridger Aerospace Group Holdings, Inc. furnished an investor presentation dated August 2025 as Exhibit 99.1 to be used during investor meetings. The company explicitly states the presentation is furnished (not "filed") for purposes of the Exchange Act and is not being incorporated by reference into its securities filings. The report lists the company’s common stock (BAER) and warrants (BAERW) as Nasdaq-listed securities and identifies the submitted exhibits, including the Interactive Data cover page. The filing is signed by the Chief Financial Officer.
Bridger Aerospace Group Holdings, Inc. provides aerial firefighting, surveillance and MRO services and owned 12 aircraft as of June 30, 2025. Revenue accelerated sharply year-over-year to $30.8 million for the three months ended June 30, 2025 from $13.0 million a year earlier, and to $46.4 million for the six months ended June 30, 2025 from $18.5 million, driven by fire suppression, MRO and surveillance work.
Operational results improved in the quarter with operating income of $5.5 million and net income of $0.3 million for Q2 2025, though the six-month period showed a net loss of $15.2 million. Cash and cash equivalents were $17.0 million at June 30, 2025, down from $39.3 million at year-end. Total assets were $279.0 million and long-term debt outstanding was $206.8 million with long-term debt net of issuance costs of $201.0 million. The company disclosed a planned sale-leaseback of hangar facilities with a preliminary purchase price of approximately $46.0 million expected to close in Q3 2025, and reduced contingent consideration by $2.1 million during the six months ended June 30, 2025.