Record Task Orders and Utilization
Record task orders through October with a 10% year-over-year increase in utilization across the fleet. Multi-mission aircraft flight hours nearly doubled year-over-year.
Surpassing Annual Revenue Guidance
Annual revenue guidance surpassed in the first 9 months of the year, with revenue for the first 9 months of 2025 at $114.3 million, a 38% increase year-over-year.
Strong Financial Performance and Debt Facility
Completed a $49 million sale leaseback and entered into a new $331 million expanded debt facility, providing financial flexibility for future growth.
Operational Effectiveness in Wildfire Management
Despite a 50% increase in wildfire incidents, only 4.7 million acres burned, down 40% from last year, highlighting operational effectiveness.
Adjusted EBITDA Growth
Adjusted EBITDA was $49.1 million in Q3 2025 compared to $47 million in Q3 2024. Expecting to hit the high end of adjusted EBITDA guidance for 2025.