Bridger Aerospace Group Holdings, Inc. (BAER)

NASDAQ: BAER · Real-Time Price · USD

1.780

-0.180 (-9.18%)

Aug 4, 2026, 4:00 PM EDT - Market closed

BAER Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	115.7	122.83	98.61	66.71	46.39	39.38
Revenue Growth	6.39%	24.56%	47.83%	43.80%	17.78%	193.63%
Gross Profit	-8.54	51.68	41.14	25.37	12.5	12.8
Operating Income	44.56	15.4	5.32	-57.5	-22.63	1.59
Net Income	-40.05	-22.94	-40.91	8.52	-330.48	-22.45
Earnings Per Share	-0.84	-0.42	-0.81	-1.00	-8.20	-0.56
EPS Growth	-	-	-	-	-	-

Revenue by Geography

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
United States	105.93	108.84	88.53	49.49	46.39	39.38
Spain	9.77	13.99	10.09	0.05	-	-
Total	115.7	122.83	98.61	66.71	46.39	39.38

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	9	31.38	53.08	37.95	97.44	17.26
Total Debt	252.06	244.85	212.56	214.62	208.69	60.89
Net Cash (Debt)	-243.06	-213.47	-159.47	-176.67	-111.25	-43.63
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.80	-3.93	-3.16	-3.90	-2.76	-1.09

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	23.21	16.73	9.36	-26.81	-9.92	6.02
Capital Expenditures	-83.33	-80.94	-4.08	-20.74	-25.58	-53.76
Free Cash Flow	-60.12	-64.21	5.27	-47.55	-35.5	-47.74
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	-7.38%	42.08%	41.72%	38.03%	26.95%	32.51%
Operating Margin	38.51%	12.54%	5.39%	-86.19%	-48.78%	4.04%
Pretax Margin	-10.43%	3.20%	-16.56%	-116.42%	-90.81%	-16.61%
Profit Margin	-10.81%	3.02%	-17.33%	-115.97%	-90.81%	-16.61%
FCF Margin	-51.97%	-52.28%	5.35%	-71.27%	-76.53%	-121.22%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 5, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Forward PE	-	166.50	-	-	-	-
P/FCF Ratio	-	-	21.91	-	-	-
PS Ratio	0.89	0.83	1.17	4.64	8.53	9.69