Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER ), headquartered in Belgrade, Montana, stands as the premier U.S. provider of aerial firefighting services. The company specializes in wildland fire management and offers its expertise to various federalI'm a financial analyst with a Master's degree in Corporate and Market Finance. I work on the buy-side, focusing on identifying resilient and undervalued companies across all sectors. While I have a particular interest in the Energy sector due to its strat ...

Core Insights - The Executive Order aims to restructure the national wildland firefighting system, emphasizing preparedness and rapid response to wildfires [2][4] - Bridger Aerospace, a leading aerial firefighting company, supports the Executive Order and is prepared to assist federal and state agencies in enhancing wildfire management [2][4] Budget and Funding - The U.S. Department of the Interior's fiscal year 2026 budget for the new U.S. Wildland Fire Service (USWFS) proposes a funding increase to $3.70 billion, a more than three-fold rise compared to previous years [3] - The budget includes a Wildfire Suppression Operations Reserve Fund of $2.85 billion, totaling $6.55 billion for wildfire management [3] Wildfire Management Strategy - The Executive Order establishes a National Wildland Firefighting Task Force to streamline operations and focus on aggressive wildfire suppression [2][4] - The U.S. Forest Service emphasizes the need for direct attack tactics to minimize fire size and containment time, as stated in a recent letter from the Chief of the US Forest Service [3] Current Wildfire Situation - The summer of 2025 is predicted to have above-average wildfire activity, with over 1 million acres burned nationally so far this year, including significant damage in Los Angeles estimated at over $250 billion [4]

Core Viewpoint - Bridger Aerospace Group Holdings, Inc. has signed a Purchase and Sale Agreement for a sale leaseback transaction of its facilities at Bozeman Yellowstone International Airport for at least $46 million, aimed at reducing debt and ongoing cash interest [1][4]. Group 1: Transaction Details - The sale leaseback transaction is expected to close in the third quarter of 2025 and is subject to customary closing conditions [1]. - Concurrently, Bridger will enter into a ten-year lease agreement with SR Aviation Infrastructure for the hangar and office headquarters, allowing continued use for aerial firefighting operations [2]. Group 2: Company Background - Bridger Aerospace is one of the largest aerial firefighting companies in the U.S., providing services to federal and state agencies, including the U.S. Forest Service [5]. - The company is based in Belgrade, Montana, and focuses on wildfire management services both domestically and internationally [5]. Group 3: Strategic Implications - The CEO of Bridger expressed enthusiasm about the agreement, highlighting the opportunity to capitalize on real estate value and reduce the company's debt balance, which is expected to enhance shareholder value [4]. - The transaction reflects Bridger's commitment to the Bozeman area while enabling growth and operational efficiency [4].

BELGRADE, Mont., May 22, 2025 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger”, “the Company” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, today announced that is has received two separate 120 day task orders from the US Forest Service, each for two of its CL-415EAF “Super Scooper” aircraft. These procurements are noteworthy in that they were received early in the wildfire year and are for a record 120 days each. “These task ...

Core Insights - Bridger Aerospace Group Holdings, Inc. (BAER) shares have increased by 28.1% since the earnings report for Q1 2025, outperforming the S&P 500 Index's 4.6% gain during the same period [1] - The company reported record revenue of $15.6 million for Q1 2025, a 184.1% increase from $5.5 million in Q1 2024, driven by early wildfire deployments and contributions from the acquisition of Flight Test & Mechanical Solutions (FMS) [2] - The net loss improved to $15.5 million ($0.41 per diluted share) from $20.1 million ($0.55 per share) in the prior year, with adjusted EBITDA narrowing to negative $5.1 million from negative $6.9 million [3] Earnings Snapshot and Segmental Overview - Revenue growth was significantly influenced by $1.9 million from FMS and $5.9 million from one-time return-to-service work on Spanish Super Scoopers, with core revenues increasing to $9.7 million from $4.5 million [2][7] - Cost of revenues rose by 86.9% to $17.2 million, including $5.6 million in expenses related to Spanish Scoopers [3] - Operating loss narrowed to $10.2 million from $15.3 million, while SG&A expenses decreased by 26% to $8.6 million due to lower non-cash stock-based compensation [3] Cash Position - Cash and cash equivalents at the end of the quarter were $22.3 million, up from $6.8 million a year ago but down from $39.3 million at year-end 2024 due to seasonal expenses [4] Management Commentary - CEO Sam Davis highlighted the company's proactive response to year-round wildfire activity, emphasizing record early deployments as key to performance [5] - CFO Eric Gerratt noted historical net losses in the first and fourth quarters due to seasonality but expressed confidence in improving full-year metrics [6] Guidance - The company reaffirmed its 2025 guidance of adjusted EBITDA between $42 million and $48 million, with projected revenue between $105 million and $111 million, excluding potential upside from Spanish Scoopers in Europe [9] - Most adjusted EBITDA is expected to be generated in the third quarter, coinciding with the peak wildfire season [10] Strategic Developments - Bridger Aerospace secured a five-year, $20.1 million IDIQ contract with the U.S. Department of the Interior for surveillance aircraft in Alaska and won a wildfire mapping contract in Montana [11] - The acquisition of FMS enhanced engineering capabilities and contributed to competitive bids and margin expansion [11] - The company is progressing with the return to service of four Spanish Scoopers for European deployment in 2025 and signed a memorandum of understanding with Positive Aviation for potential acquisition of up to 20 FF72 aircraft [12]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ___________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from___________to___________ Commission file number: 001-41603 ___________________________ BRIDGER AEROSPACE GROUP HOLDINGS, INC ...

Bridger Aerospace Group (BAER) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Company Participants Eric Gerratt - Chief Financial OfficerSam Davis - CEO and PresidentJohn Founders - Senior Vice President of Finance & Capital MarketsAustin Moeller - Director - Equity Research Operator Greetings, and welcome to Breacher Aerospace First Quarter Fiscal twenty twenty five Investor Conference Call. As a reminder, today's call is being recorded. It is now my pleasure to introduce your host, Eric Jarrett, chief fin ...

Bridger Aerospace Group (BAER) Q1 2025 Earnings Call May 08, 2025 05:00 PM ET Speaker0 Greetings, and welcome to Breacher Aerospace First Quarter Fiscal twenty twenty five Investor Conference Call. As a reminder, today's call is being recorded. It is now my pleasure to introduce your host, Eric Jarrett, chief financial officer. Thank you. Mister Jarrett, you may begin. Speaker1 Good afternoon, and thank you for joining us today. Joining me on the call this afternoon is chief executive Officer, Sam Davis and ...

EXHIBIT 99.1 Bridger Aerospace Announces Record First Quarter; Reiterates 2025 Guidance BELGRADE, Mont., May 08, 2025 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. ("Bridger", "the Company" or "Bridger Aerospace"), (NASDAQ: BAER, BAERW), one of the nation's largest aerial firefighting companies, today reported record results for the first quarter ended March 31, 2025. First Quarter Highlights: Summary Financial Results | (in thousands) | For the three months ended March 31, | | | | | --- | --- ...

Core Insights - Bridger Aerospace Group Holdings, Inc. reported record financial results for Q1 2025, with significant revenue growth driven by increased aerial firefighting operations [1][5]. Financial Performance - Revenues for Q1 2025 reached $15.6 million, a substantial increase from $5.5 million in Q1 2024, marking a growth of approximately 184% [4][9]. - The operating loss improved to $10.2 million in Q1 2025 from $15.3 million in Q1 2024 [3][9]. - Net loss for Q1 2025 was $15.5 million, or $0.41 per diluted share, compared to a net loss of $20.1 million, or $0.55 per diluted share, in Q1 2024 [9][18]. - Adjusted EBITDA was negative $5.1 million in Q1 2025, an improvement from negative $6.9 million in Q1 2024 [5][9]. Operational Highlights - The company deployed Super Scoopers earlier than ever in January 2025, with operations in California, Oklahoma, and North Carolina, reflecting a trend of year-round wildfire activity [5][11]. - Bridger secured a new five-year contract worth $20.1 million with the U.S. Department of the Interior to support operations in Alaska [5]. - The company has nearly all of its air attack and sensor-equipped fleet operational for 2025, enhancing its readiness for wildfire suppression [3][5]. Cash Flow and Liquidity - Cash and cash equivalents at the end of Q1 2025 were $22.3 million, a decrease from $39.3 million at the end of 2024, primarily due to winter maintenance and training expenses [10][20]. - Net cash used in operating activities was $17.7 million in Q1 2025, compared to $22.8 million in Q1 2024, indicating improved cash flow management [3][24]. Business Outlook - The company is on track to meet its 2025 guidance of Adjusted EBITDA between $42 million and $48 million on revenues of $105 million to $111 million [5][11]. - The ongoing trend of extended wildfire seasons and new contracts are expected to stabilize revenues and enhance operational performance [11].