Bridger Aerospace Group Holdings Inc
bridgeraerospace.comWhat Do They Do?
Provides aerial wildfire suppression and surveillance services, including water drops, fire monitoring and coordination, and aircraft repair and modification for government and commercial customers.
10-K for FY2025, filed Mar 6, 2026Bridger provides aerial wildfire surveillance, relief and suppression, and aerial firefighting services using next-generation technology…View ↗
Fire Suppression: Consists of deploying CL-415EAF (“Super Scooper”) aircraft to drop large amounts of water as part of the initial and…View ↗
Aerial Surveillance: Consists of providing aerial surveillance via manned (“Air Attack”) aircraft for fire suppression aircraft over an…View ↗
Maintenance, Repair and Overhaul (“MRO”): Consists of maintenance and repair services for return-to-service upgrades of certain Canadair…View ↗
How Do They Make Money?
Government agencies pay for aerial firefighting services through contracts, with charges based on daily standby availability and hourly flight time. Aircraft repair and return-to-service work is billed as work progresses.
10-K for FY2025, filed Mar 6, 2026The Company enters into short, medium and long-term contracts with customers, primarily with government agencies during the firefighting…View ↗
Our firefighting contracts generally provide for payment on a day rate basis. Such activities consist of standby and flight time. Standby…View ↗
The Company satisfies the underlying performance obligations over time as either the customer obtains control or receives benefits as work…View ↗
$122.8M
-
10-K for FY2025, filed Mar 6, 2026
$122.8M ↗
Who Are Their Customers?
Federal agencies and state governments buy firefighting and surveillance services through contracts; the company also serves governmental and commercial customers with aircraft repair, modification and integration work.
10-K for FY2025, filed Mar 6, 2026Maintenance, Repair and Overhaul (“MRO”): Consists of maintenance and repair services for return-to-service upgrades of certain Canadair…View ↗
We provide maintenance and repair services for return-to-service upgrades of the Spanish Scoopers. We also provide turnkey aerospace…View ↗
Our high-performing aircraft, including the Super Scooper, and full-service support platforms have allowed us to enter into contracts with…View ↗
10-K for FY2025, filed Mar 6, 2026
The Company had three customers who individually accounted for 66%, 11%, and 10% of total revenues for the year ended December 31, 2025 and…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$64.2M.
10-K for FY2025, filed Mar 6, 2026
$15.4MView ↗
10-K for FY2025, filed Mar 6, 2026
$4.1MView ↗
10-K for FY2025, filed Mar 6, 2026
−$64.2MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
−$498KView ↗
- ▼ Now a loss
- vs $308K in Q2 FY2025
-
Jul 27, 2026
Wins Texas contract to build a wildfire aviation program
The contract covers acquiring, modifying and delivering three multi-mission aircraft over three years.
Sources
8-K, filed Jul 27, 2026
On July 27, 2026, Bridger Aerospace Group Holdings, Inc. (the “Company”) issued a press release announcing that it has executed a contract…View ↗
-
Mar 11, 2026
Anne Hayes becomes CFO as Eric Gerratt retires
Hayes was appointed CFO effective March 10, 2026; Gerratt's retirement was scheduled for April 3, 2026.
Sources
8-K, filed Mar 11, 2026
As previously announced on November 21, 2025, Eric Gerratt, the Chief Financial Officer of Bridger Aerospace Group Holdings, Inc. (the…View ↗
Loading...
