Bridger Aerospace Group Holdings, Inc. (BAERW)
Based in Belgrade, Montana, Bridger Aerospace Group Holdings, LLC, which commenced operations in 2014, specializes in delivering aerial services for the management and suppression of wildfires to state governments across the United States.
Sector: Services-Business Services, NEC
Industry: Security & Protection Services
Bridger Aerospace Group Holdings, Inc. Warrant
PrePre-market+17.81%$0.0600
Close$0.0509-15.12%
Close$0.0509-15.12%
Mkt Cap$3.01M
Float39.86M
O/S59.05M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$122.83M
Net Income$4.14M
Total Assets$330.31M
Free Cash Flow-$64.21M
Debt & Equity
Debt 34%
Equity 9%
Preferred 57%
Total Debt$244.85M
Total Equity$64.67M
Preferred Stock$407.26M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BAERW's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$330.31M
Liabilities$265.64M
Accounts Receivable$3.19M
Accounts Payable$3.42M
Inventory$0
PP&E (Net)$218.81M
Goodwill$20.89M
Intangible Assets$6.02M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Revenue | $122.83M | $98.61M | $66.71M | $46.39M | $39.38M | $13.41M |
| YoY Growth | 24.6% | 47.8% | 43.8% | 17.8% | 193.6% | - |
| Cost of Revenue | $71.15M | $57.48M | $41.34M | $33.89M | $26.58M | $12.85M |
| Gross Profit | $51.68M | $41.14M | $25.37M | $12.5M | $12.8M | $559K |
| Gross Margin | 42.1% | 41.7% | 38.0% | 27.0% | 32.5% | 4.2% |
| Research and Development | $0 | $0 | $0 | $0 | $366K | $123K |
| Selling, General, and Administrative | $36.28M | $35.82M | $82.86M | $35.13M | $10.85M | $9.29M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $36.28M | $35.82M | $82.86M | $35.13M | $11.22M | $9.42M |
| Operating Income (EBIT) | $15.4M | $5.32M | -$57.49M | -$22.63M | $1.59M | -$8.86M |
| Operating Margin | 12.5% | 5.4% | -86.2% | -48.8% | 4.0% | -66.0% |
| Interest Expense | $23.26M | $23.71M | $23.22M | $20.02M | $9.29M | $1.6M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$11.47M | -$21.65M | -$20.16M | -$19.5M | -$8.13M | -$3.38M |
| Income Before Tax (EBT) | $3.92M | -$16.33M | -$77.66M | -$42.13M | -$6.54M | -$12.24M |
| Income Tax Expense | -$215K | -$762K | -$302K | $0 | $0 | $0 |
| Net Income | $4.14M | -$15.57M | -$77.36M | -$42.13M | -$6.54M | -$12.24M |
| Net Income Margin | 3.4% | -15.8% | -116.0% | -90.8% | -16.6% | -91.2% |
| Supplementary Data | ||||||
| EPS | -0.42 | -0.81 | -1.71 | -7.55 | -0.51 | -0.28 |
| Diluted EPS | -0.42 | -0.81 | -0.98 | -7.55 | -0.56 | -0.28 |
| Weighted Average OS | 54.28M | 50.52M | 45.27M | 43.77M | 43.77M | 43.77M |
| EBITDA | $42.66M | $24.84M | -$43.35M | -$13.01M | $9.43M | -$7.95M |
| EBITDA Margin | 34.7% | 25.2% | -65.0% | -28.1% | 23.9% | -59.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $31.38M | $39.34M | $22.96M | $30.16M | $13.69M | $5.25M |
| Short-Term Investments | $0 | $0 | $1.01M | $54.98M | $0 | $0 |
| Cash and Short-Term Investments | $31.38M | $39.34M | $23.96M | $85.14M | $13.69M | $5.25M |
| Accounts Receivable | $3.19M | $5.95M | $4.11M | $29K | $35K | $2.26M |
| Inventory | $0 | $857K | $0 | $0 | $0 | $749K |
| Other Current Assets | $1.95M | $14.97M | $14.56M | $19.89M | $5.58M | $340K |
| Total Current Assets | $40.22M | $63.81M | $45.2M | $106.86M | $22.07M | $9.28M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $218.81M | $191.49M | $204.18M | $192.54M | $169.25M | $119.98M |
| Goodwill | $20.89M | $20.75M | $13.16M | $2.46M | $2.46M | $2.46M |
| Intangible Assets | $6.02M | $6.08M | $1.94M | $431K | $308K | $341K |
| Long-Term Investments | $5M | $6.08M | $5M | $1M | $1M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $39.36M | $2.61M | $3.99M | $2.69M | $25K | $0 |
| Total Long-Term Assets | $290.09M | $227M | $228.28M | $199.11M | $173.05M | $122.78M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $330.31M | $290.81M | $273.47M | $305.98M | $195.11M | $132.06M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $3.42M | $5.33M | $3.98M | $3.17M | $4.02M | $712K |
| Short-Term Debt | $926K | $2.17M | $2.1M | $2.45M | $2.16M | $1.46M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $66.41M | $0 |
| Total Current Liabilities | $16.52M | $23.39M | $25.4M | $24.31M | $73.07M | $3.91M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $212.38M | $202.47M | $204.59M | $205.47M | $58.12M | $189.97M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $7.58M | $5.39M | $10.78M | $46K | $1.46M | $1.06M |
| Total Long-Term Liabilities | $249.12M | $213.94M | $221.14M | $206.27M | $60.18M | $191.03M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $265.64M | $237.33M | $246.54M | $230.58M | $133.25M | $194.94M |
| Stockholders' Equity | ||||||
| Preferred Stock | $407.26M | $380.18M | $354.84M | $489.02M | $146.67M | $0 |
| Common Stock | $6K | $6K | $5K | $4K | $345M | $0 |
| Retained Earnings | -$425.1M | -$429.24M | -$413.67M | -$415.3M | -$84.83M | -$62.38M |
| Comprehensive Income & Other | $187K | $1.04M | $987K | $1.68M | $25K | -$502K |
| Other Stockholders' Equity | $489.76M | $482.71M | $440.6M | $490.7M | -$198.31M | -$502K |
| Total Equity | $64.67M | $53.48M | $26.93M | $75.4M | $61.86M | -$62.88M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $330.31M | $290.81M | $273.47M | $305.98M | $195.11M | $132.06M |
| Supplementary Data | ||||||
| Total Debt | $244.85M | $212.56M | $214.62M | $208.69M | $60.89M | $191.43M |
| Net Debt | $213.47M | $173.22M | $191.66M | $178.53M | $47.2M | $186.18M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | $4.14M | -$15.57M | -$77.36M | -$42.13M | -$6.54M | -$12.24M |
| Depreciation & Amortization | $15.47M | $17.45M | $11.09M | $9.09M | $6.67M | $2.68M |
| Deferred Income Tax | -$373K | -$1.14M | -$342K | $0 | $0 | $0 |
| Stock-Based Compensation | $7.1M | $16.16M | $47.8M | $9K | $0 | $0 |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $2.75M | -$2.13M | -$1.08M | $6K | $2.23M | -$2.09M |
| Inventory | -$797K | -$104K | $1.27M | $183K | -$1.2M | $0 |
| Accounts Payable | -$7.33M | -$3.1M | -$9.48M | $11.53M | -$68K | $1.06M |
| Other Working Capital | $2.35M | $2.29M | -$2.38M | -$372K | -$1.81M | -$620K |
| Total Working Capital Change | -$3.03M | -$3.05M | -$11.68M | $11.34M | -$843K | -$1.65M |
| Other Non-Cash Items | -$6.57M | -$4.5M | $3.68M | $11.76M | $6.73M | $3.39M |
| Net Cash from Operating | $16.73M | $9.36M | -$26.81M | -$9.92M | $6.02M | -$7.81M |
| Investing Activities | ||||||
| Capital Expenditures | -$80.94M | -$4.08M | -$20.74M | -$25.58M | -$22.57M | -$53.01M |
| Acquisitions | $47.83M | $2.59M | $0 | $286K | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$5M | -$70.02M | -$32.2M | $0 |
| Sales of Investments | $0 | $1.05M | $55.41M | $5.5M | $0 | $0 |
| Other Investing Activities | -$1.33M | $2.49M | -$2.51M | $0 | $0 | -$297K |
| Net Cash from Investing | -$34.44M | $2.06M | $27.16M | -$89.81M | -$54.76M | -$53.3M |
| Financing Activities | ||||||
| Debt Repaid | $4.57M | $3.01M | $2.23M | -$153.72M | -$5.76M | -$46.91M |
| Common Stock Issuance | $0 | $9.34M | $3.19M | -$21.24M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $248K | -$1.65M | -$6.79M | -$7.55M | $0 | -$1.91M |
| Net Cash from Financing | -$4.32M | $4.67M | -$5.83M | $124.93M | $60.76M | $54.99M |
| Forex Effect | $329K | $62K | -$42K | -$132 | $5.25M | $0 |
| Net Change in Cash | -$21.7M | $16.15M | -$5.52M | $25.2M | $17.26M | -$6.13M |
| Supplementary Data | ||||||
| Operating Cash Flow | $16.73M | $9.36M | -$26.81M | -$9.92M | $6.02M | -$7.81M |
| Capital Expenditure | -$80.94M | -$4.08M | -$21.07M | -$25.58M | -$22.57M | -$53.3M |
| Free Cash Flow | -$64.21M | $5.27M | -$47.87M | -$35.5M | -$16.55M | -$61.12M |
| Cash at Beginning | $53.08M | $36.94M | $42.46M | $17.26M | $0 | $11.37M |
| Cash at End | $31.38M | $53.08M | $36.94M | $42.46M | $17.26M | $5.25M |