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Bridger Aerospace Group Holdings, Inc. Common Stock(BAER)Earnings, Financials & Key Ratios
BAER•NASDAQ
$1.73
$97M mkt cap·Price updated May 7, 2026
AboutBridger Aerospace Group Holdings, LLC offers aerial wildfire management and firefighting services for the U.S. State Governments. The company was founded in 2014 and is based in Belgrade, Montana.Show more
- Revenue$123M+24.6%
- EBITDA$31M+35.6%
- Net Income$4M+126.6%
- EPS (Diluted)-0.42+48.1%
- Gross Margin42.08%+0.9%
- EBITDA Margin25.13%+8.9%
- Operating Margin12.54%+132.5%
- Net Margin3.37%+121.4%
- ROE7.01%+118.1%
- ROIC4.58%+155.4%
- Debt/Equity3.79-4.7%
- Interest Coverage0.66+112.6%
BAER Key Insights
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 55.7%
- ✓Trading at only 1.5x book value
✗Weaknesses
- ✗High debt to equity ratio of 3.8x
- ✗Negative free cash flow
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
BAER Price & Volume
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) stock price & volume — 10-year historical chart
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BAER Growth Metrics
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years55.72%
3 Years38.35%
TTM24.56%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM126.59%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM54.84%
Return on Capital
10 Years-5.2%
5 Years-4.86%
3 Years-4.78%
Last Year5.3%
BAER Recent Earnings
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (33%)●Beat Revenue 5/12 qtrs (56%)
Q2 2026Latest
May 6, 2026EPS
$0.69
Est $0.37
-86.5%
Revenue
$9M
Est $17M
-50.6%
Q2 2026
Mar 5, 2026EPS
$0.40
Est $0.30
-33.3%
Revenue
$9M
Est $7M
+31.5%
Q4 2025
Nov 6, 2025EPS
$0.37
Est $0.32
+15.6%
Revenue
$68M
Est $48M
+40.3%
Q3 2025
Aug 7, 2025EPS
$0.12
Est $0.28
+57.1%
Revenue
$31M
Est $48M
-36.5%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.69vs $0.37-86.5% | $9Mvs $17M-50.6% |
| Q2 2026 | Mar 5, 2026 | $0.40vs $0.30-33.3% | $9Mvs $7M+31.5% |
| Q4 2025 | Nov 6, 2025 | $0.37vs $0.32+15.6% | $68Mvs $48M+40.3% |
| Q3 2025 | Aug 7, 2025 | $0.12vs $0.28+57.1% | $31Mvs $48M-36.5% |
Based on last 12 quarters of dataView full earnings history →
BAER Peer Comparison
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) competitors in Safety, Emergency and Risk Response — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CODA | 134.12M | 11.90 | 32.16 | 30.75% | 14.78% | 7.17% | 0.01 | |
 RCAT | 1.02B | 10.36 | -17.27 | 459.81% | -227.71% | -33.59% | 0.07 | |
 JOBY | 9.83B | 10.00 | -8.85 | 391.83% | -12.33% | -74.18% | 0.04 | |
 ACHR | 4.67B | 6.28 | -6.34 | -2060.67% | -37.76% | 0.02 | ||
 EVTL | 274.28M | 2.68 | -3.52 | |||||
 AIRO | 226.01M | 7.22 | -4.66 | 100.99% | -125.14% | -10.76% | 0.09 | |
 TXT | 15.95B | 91.59 | 17.92 | 8.01% | 6.15% | 12.13% | 0.54 | |
 HEI | 24.38B | 289.54 | 59.09 | 16.26% | 15.38% | 12.93% | 0.50 |
Compare BAER vs Peers
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
BAER Income Statement
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Sales/Revenue | 13.41M | 39.38M | 46.39M | 66.71M | 98.61M | 122.83M |
| Revenue Growth % | - | 193.63% | 17.78% | 43.8% | 47.83% | 24.56% |
| Cost of Goods Sold | 12.85M | 26.58M | 33.89M | 41.34M | 57.48M | 71.15M |
| COGS % of Revenue | 95.83% | 67.49% | 73.05% | 61.97% | 58.28% | 57.92% |
| Gross Profit | 558.77K▲ 0% | 12.8M▲ 2191.6% | 12.5M▼ 2.4% | 25.37M▲ 102.9% | 41.14M▲ 62.2% | 51.68M▲ 25.6% |
| Gross Margin % | 4.17% | 32.51% | 26.95% | 38.03% | 41.72% | 42.08% |
| Gross Profit Growth % | - | 2191.64% | -2.37% | 102.91% | 62.16% | 25.63% |
| Operating Expenses | 9.42M | 11.22M | 35.13M | 82.86M | 35.82M | 36.28M |
| OpEx % of Revenue | 70.21% | 28.48% | 75.73% | 124.22% | 36.32% | 29.54% |
| Selling, General & Admin | 9.29M | 10.85M | 35.13M | 82.86M | 35.82M | 36.28M |
| SG&A % of Revenue | 69.29% | 27.55% | 75.73% | 124.22% | 36.32% | 29.54% |
| Research & Development | 122.96K | 365.63K | 0 | 0 | 0 | 0 |
| R&D % of Revenue | 0.92% | 0.93% | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -8.86M▲ 0% | 1.59M▲ 117.9% | -22.63M▼ 1523.0% | -57.49M▼ 154.1% | 5.32M▲ 109.2% | 15.4M▲ 189.6% |
| Operating Margin % | -66.04% | 4.04% | -48.78% | -86.19% | 5.39% | 12.54% |
| Operating Income Growth % | - | 117.95% | -1523.04% | -154.11% | 109.25% | 189.58% |
| EBITDA | -6.18M | 8.26M | -13.54M | -46.41M | 22.77M | 30.87M |
| EBITDA Margin % | -46.04% | 20.98% | -29.18% | -69.57% | 23.09% | 25.13% |
| EBITDA Growth % | - | 233.81% | -263.79% | -242.86% | 149.06% | 35.58% |
| D&A (Non-Cash Add-back) | 2.68M | 6.67M | 9.09M | 11.09M | 17.45M | 15.47M |
| EBIT | -10.64M | 2.75M | -22.11M | -54.44M | 7.38M | 15.4M |
| Net Interest Income | -1.6M | -9.29M | -20.02M | -23.22M | -23.71M | -23.26M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 1.6M | 9.29M | 20.02M | 23.22M | 23.71M | 23.26M |
| Other Income/Expense | -3.38M | -8.13M | -19.5M | -20.16M | -21.65M | -11.47M |
| Pretax Income | -12.24M▲ 0% | -6.54M▲ 46.6% | -42.13M▼ 544.0% | -77.66M▼ 84.4% | -16.33M▲ 79.0% | 3.92M▲ 124.0% |
| Pretax Margin % | -91.24% | -16.61% | -90.81% | -116.42% | -16.56% | 3.2% |
| Income Tax | 0 | 0 | 0 | -302K | -762K | -215K |
| Effective Tax Rate % | 0% | 0% | 0% | 0.39% | 4.67% | -5.48% |
| Net Income | -12.24M▲ 0% | -6.54M▲ 46.6% | -42.13M▼ 544.0% | -77.36M▼ 83.6% | -15.57M▲ 79.9% | 4.14M▲ 126.6% |
| Net Margin % | -91.24% | -16.61% | -90.81% | -115.97% | -15.79% | 3.37% |
| Net Income Growth % | - | 46.55% | -544.03% | -83.64% | 79.88% | 126.59% |
| Net Income (Continuing) | -12.24M | -6.54M | -42.13M | -77.36M | -15.57M | 4.14M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.28▲ 0% | -0.56▼ 100.0% | -8.20▼ 1364.3% | -1.00▲ 87.8% | -0.81▲ 19.0% | -0.42▲ 48.1% |
| EPS Growth % | - | -100% | -1364.29% | 87.8% | 19% | 48.15% |
| EPS (Basic) | -0.28 | -0.56 | -8.20 | -1.71 | -0.81 | -0.42 |
| Diluted Shares Outstanding | 43.13M | 40.12M | 40.29M | 77.53M | 50.52M | 54.28M |
| Basic Shares Outstanding | 43.13M | 40.12M | 40.29M | 45.27M | 50.52M | 54.28M |
| Dividend Payout Ratio | - | - | - | - | - | - |
BAER Balance Sheet
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Total Current Assets | 9.28M | 22.07M | 106.86M | 45.2M | 63.81M | 40.22M |
| Cash & Short-Term Investments | 5.25M | 13.69M | 85.14M | 23.96M | 39.34M | 31.38M |
| Cash Only | 5.25M | 13.69M | 30.16M | 22.96M | 39.34M | 31.38M |
| Short-Term Investments | 0 | 0 | 54.98M | 1.01M | 0 | 0 |
| Accounts Receivable | 2.26M | 34.99K | 29K | 4.11M | 5.95M | 3.19M |
| Days Sales Outstanding | 61.57 | 0.32 | 0.23 | 22.5 | 22 | 9.48 |
| Inventory | 749.31K | 0 | 0 | 0 | 857K | 0 |
| Days Inventory Outstanding | 21.28 | - | - | - | 5.44 | - |
| Other Current Assets | 339.89K | 5.58M | 19.89M | 14.56M | 14.97M | 5.65M |
| Total Non-Current Assets | 122.78M | 173.05M | 199.11M | 228.28M | 227M | 290.09M |
| Property, Plant & Equipment | 119.98M | 169.25M | 192.54M | 204.18M | 191.49M | 218.81M |
| Fixed Asset Turnover | 0.11x | 0.23x | 0.24x | 0.33x | 0.51x | 0.56x |
| Goodwill | 2.46M | 2.46M | 2.46M | 13.16M | 20.75M | 20.89M |
| Intangible Assets | 341K | 307.95K | 431K | 1.94M | 6.08M | 6.02M |
| Long-Term Investments | 0 | 1M | 1M | 5M | 6.08M | 5M |
| Other Non-Current Assets | 0 | 25.48K | 2.69M | 3.99M | 2.61M | 39.36M |
| Total Assets | 132.06M▲ 0% | 195.11M▲ 47.7% | 305.98M▲ 56.8% | 273.47M▼ 10.6% | 290.81M▲ 6.3% | 330.31M▲ 13.6% |
| Asset Turnover | 0.10x | 0.20x | 0.15x | 0.24x | 0.34x | 0.37x |
| Asset Growth % | - | 47.75% | 56.82% | -10.62% | 6.34% | 13.58% |
| Total Current Liabilities | 3.91M | 73.07M | 24.31M | 25.4M | 23.39M | 16.52M |
| Accounts Payable | 711.55K | 4.02M | 3.17M | 3.98M | 5.33M | 3.42M |
| Days Payables Outstanding | 20.2 | 55.22 | 34.15 | 35.12 | 33.85 | 17.53 |
| Short-Term Debt | 1.46M | 2.16M | 2.45M | 2.1M | 2.17M | 3.31M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 66.41M | 0 | 0 | 0 | 9.79M |
| Current Ratio | 2.37x | 0.30x | 4.40x | 1.78x | 2.73x | 2.43x |
| Quick Ratio | 2.18x | 0.30x | 4.40x | 1.78x | 2.69x | 2.43x |
| Cash Conversion Cycle | 62.64 | - | - | - | -6.4 | - |
| Total Non-Current Liabilities | 191.03M | 60.18M | 206.27M | 221.14M | 213.94M | 249.12M |
| Long-Term Debt | 189.97M | 58.12M | 205.47M | 204.59M | 202.47M | 212.38M |
| Capital Lease Obligations | 0 | 608.57K | 755K | 5.78M | 6.08M | 29.16M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1.06M | 1.46M | 46K | 10.78M | 5.39M | 7.58M |
| Total Liabilities | 194.94M | 133.25M | 230.58M | 246.54M | 237.33M | 265.64M |
| Total Debt | 191.43M | 60.89M | 208.69M | 214.62M | 212.56M | 244.85M |
| Net Debt | 186.18M | 47.2M | 178.53M | 191.66M | 173.22M | 213.47M |
| Debt / Equity | - | 0.98x | 2.77x | 7.97x | 3.97x | 3.79x |
| Debt / EBITDA | - | 7.37x | - | - | 9.34x | 7.93x |
| Net Debt / EBITDA | - | 5.71x | - | - | 7.61x | 6.91x |
| Interest Coverage | -6.64x | 0.30x | -1.10x | -2.34x | 0.31x | 0.66x |
| Total Equity | -62.88M▲ 0% | 61.86M▲ 198.4% | 75.4M▲ 21.9% | 26.93M▼ 64.3% | 53.48M▲ 98.6% | 64.67M▲ 20.9% |
| Equity Growth % | - | 198.38% | 21.89% | -64.28% | 98.57% | 20.92% |
| Book Value per Share | -1.46 | 1.54 | 1.87 | 0.35 | 1.06 | 1.19 |
| Total Shareholders' Equity | -62.88M | 61.86M | 75.4M | 26.93M | 53.48M | 64.67M |
| Common Stock | 0 | 0 | 4K | 5K | 6K | 6K |
| Retained Earnings | -62.38M | -84.83M | -415.3M | -413.67M | -429.24M | -425.1M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -502.13K | 24.71K | 1.68M | 987K | 1.04M | 187K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
BAER Cash Flow Statement
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) cash flow — operating, investing & free cash flow history
| Line item | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
| Cash from Operations | -7.81M | 6.02M | -9.92M | -26.81M | 9.36M | 16.73M |
| Operating CF Margin % | -58.26% | 15.29% | -21.38% | -40.19% | 9.49% | 13.62% |
| Operating CF Growth % | - | 177.05% | -264.73% | -170.3% | 134.9% | 78.86% |
| Net Income | -12.24M | -6.54M | -42.13M | -77.36M | -15.57M | 4.14M |
| Depreciation & Amortization | 2.68M | 6.85M | 9.09M | 11.09M | 17.45M | 15.47M |
| Stock-Based Compensation | 0 | 0 | 9K | 47.8M | 16.16M | 7.1M |
| Deferred Taxes | 0 | 0 | 0 | -342K | -1.14M | -373K |
| Other Non-Cash Items | 3.39M | 6.49M | 11.76M | 3.68M | -4.5M | -6.57M |
| Working Capital Changes | -1.65M | -774.82K | 11.34M | -11.68M | -3.05M | -3.03M |
| Change in Receivables | -2.09M | 2.23M | 6K | -1.08M | -2.13M | 2.75M |
| Change in Inventory | 0 | -1.2M | 183K | 1.27M | -104K | -797K |
| Change in Payables | 1.06M | 0 | 11.53M | -9.48M | -3.1M | -7.33M |
| Cash from Investing | -53.3M | -54.76M | -89.81M | 27.16M | 2.06M | -34.44M |
| Capital Expenditures | -53.01M | -53.76M | -25.58M | -20.74M | -4.08M | -80.94M |
| CapEx % of Revenue | 395.19% | 136.51% | 55.15% | 31.09% | 4.14% | 65.9% |
| Acquisitions | 0 | 0 | 286K | 0 | 2.59M | 47.83M |
| Investments | - | - | - | - | - | - |
| Other Investing | -296.68K | -1M | 0 | -2.51M | 2.49M | -1.33M |
| Cash from Financing | 54.99M | 60.76M | 124.93M | -5.83M | 4.67M | -4.32M |
| Debt Issued (Net) | 46.91M | 6.43M | 153.72M | -2.23M | -3.01M | -4.57M |
| Equity Issued (Net) | 10M | 0 | -21.24M | 3.19M | 9.34M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -1.91M | 54.33M | -7.55M | -6.79M | -1.65M | 248K |
| Net Change in Cash | -6.13M▲ 0% | 12.02M▲ 296.2% | 25.2M▲ 109.7% | -5.52M▼ 121.9% | 16.15M▲ 392.3% | -21.7M▼ 234.4% |
| Free Cash Flow | -61.12M▲ 0% | -47.74M▲ 21.9% | -35.5M▲ 25.6% | -47.87M▼ 34.9% | 5.27M▲ 111.0% | -64.21M▼ 1318.2% |
| FCF Margin % | -455.66% | -121.22% | -76.53% | -71.77% | 5.35% | -52.28% |
| FCF Growth % | - | 21.89% | 25.64% | -34.86% | 111.01% | -1318.17% |
| FCF per Share | -1.42 | -1.19 | -0.88 | -0.62 | 0.10 | -1.18 |
| FCF Conversion (FCF/Net Income) | 0.64x | -0.92x | 0.24x | 0.35x | -0.60x | 4.04x |
| Interest Paid | 810.42K | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
BAER Key Ratios
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -10.57% | -61.38% | -151.19% | -38.72% | 7.01% |
| Return on Invested Capital (ROIC) | - | 1.03% | -9.35% | -18.25% | 1.79% | 4.58% |
| Gross Margin | 4.17% | 32.51% | 26.95% | 38.03% | 41.72% | 42.08% |
| Net Margin | -91.24% | -16.61% | -90.81% | -115.97% | -15.79% | 3.37% |
| Debt / Equity | - | 0.98x | 2.77x | 7.97x | 3.97x | 3.79x |
| Interest Coverage | -6.64x | 0.30x | -1.10x | -2.34x | 0.31x | 0.66x |
| FCF Conversion | 0.64x | -0.92x | 0.24x | 0.35x | -0.60x | 4.04x |
| Revenue Growth | - | 193.63% | 17.78% | 43.8% | 47.83% | 24.56% |
BAER SEC Filings & Documents
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) SEC filings — annual & quarterly reports (10-K, 10-Q)
BAER Frequently Asked Questions
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) reported $122.8M in revenue for fiscal year 2025. This represents a 816% increase from $13.4M in 2020.
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) grew revenue by 24.6% over the past year. This is strong growth.
Yes, Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) is profitable, generating $4.1M in net income for fiscal year 2025 (3.4% net margin).
Dividend & Returns
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) has a return on equity (ROE) of 7.0%. This is below average, suggesting room for improvement.
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) had negative free cash flow of $64.2M in fiscal year 2025, likely due to heavy capital investments.
Explore More BAER
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
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DCA Calculator
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates