Bridger Aerospace’s Earnings Call Highlights Strong Growth

Bridger Aerospace Group Holdings, Inc. ((BAER)) has held its Q2 earnings call. Read on for the main highlights of the call.

Bridger Aerospace Group Holdings, Inc. recently held its earnings call, revealing a generally positive sentiment despite some challenges. The company showcased strong revenue growth, successful deployment of aerial assets, and reported its first-ever positive net income alongside positive adjusted EBITDA. While there were hurdles such as delayed FMS revenue and increased operational costs, the achievements and optimistic future guidance suggest a promising outlook for the company.

Record-Breaking Revenue and Growth

Bridger Aerospace reported a remarkable 136% increase in Q2 revenue, reaching $30.8 million compared to $13 million in Q2 2024. This impressive growth translated into a positive net income of $0.3 million, a significant turnaround from the $10 million net loss recorded in the previous year.

Successful Deployment and Utilization

The company successfully deployed all six Super Scoopers and two PC-12s to Alaska for the first time. Additionally, Bridger Aerospace secured record 120-day task orders for four Super Scoopers from the U.S. Forest Service, highlighting the effective utilization of its aerial assets.

Positive Adjusted EBITDA

Bridger Aerospace achieved a positive adjusted EBITDA of $10.8 million in Q2, a substantial improvement from the $0.2 million reported in the previous year. This reflects the company’s enhanced operational efficiency and financial health.

Expansion and Innovation

The company is advancing its capabilities with the development of the new FF72 water scooping firefighting aircraft, based on the ATR 72-600. Furthermore, a partnership with Ignis Technologies aims to enhance situational awareness, underscoring Bridger Aerospace’s commitment to innovation.

Strong Guidance

Bridger Aerospace is optimistic about its future, expecting to end 2025 at the higher end of its guidance range. The company anticipates adjusted EBITDA between $42 million and $48 million on revenue of $105 million to $111 million, driven by strong demand and strategic initiatives.

Delayed Revenue in FMS

The company faced delays in FMS revenue, contributing only $0.4 million due to federal budgeting uncertainties. This challenge highlights the external factors affecting revenue streams.

Increase in Costs

The cost of revenues rose to $18.7 million in Q2 2025 from $9.9 million in Q2 2024, attributed to increased flight operations and maintenance expenses. This increase reflects the company’s expanded operations and commitment to maintaining its fleet.

Net Loss for First Half

Despite the positive quarterly results, Bridger Aerospace reported a net loss of $15.2 million for the first six months of 2025, an improvement from the $30.1 million net loss in the same period of 2024. This indicates progress in reducing losses over the year.

Forward-Looking Guidance

Bridger Aerospace’s forward-looking guidance remains strong, with expectations to reach the higher end of its annual targets. The company is focused on maximizing fleet utilization, enhancing operational capabilities, and leveraging legislative support to drive future growth. With improvements in cash flow and strategic financial maneuvers, Bridger Aerospace is well-positioned for continued success.

In conclusion, Bridger Aerospace Group Holdings, Inc.’s earnings call painted a picture of robust growth and strategic advancements. Despite some challenges, the company’s strong revenue performance, successful asset deployment, and positive financial metrics underscore a positive outlook. Investors can look forward to Bridger Aerospace’s continued progress and potential for future gains.