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Bridger Aerospace Group Holdings (BAER)
NASDAQ:BAER
Earnings Data
Report Date
May 08, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.44Last Year’s EPS
-0.41Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong full-year financial and operational progress with 25% revenue growth, positive net income, a 21% increase in adjusted EBITDA, improved liquidity and an actionable growth plan for 2026. At the same time, Bridger reported a weak fourth quarter driven by timing and return-to-service differences, elevated maintenance and one-time items that depressed quarterly profitability, and clear capacity constraints (48% unfilled scooper requests). Management presented credible mitigants — new financing with a $100M delayed draw for fleet expansion, high-margin fleet additions, technology integration (Ignis) and active contract discussions in the U.S. and Europe — and provided constructive guidance for 2026. Overall, the favorable full-year results, improved balance sheet and confident guidance outweigh the quarter-specific and timing-related challenges discussed on the call.Company Guidance
Full-Year Revenue Growth and Return to Profitability
Revenue of $122.8M in 2025 vs $98.6M in 2024, a 25% increase; excluding return-to-service work revenue was $108.8M vs $88.5M, up 23%. Net income of $4.1M in 2025 compared to a net loss of $15.6M in 2024. Adjusted EBITDA was $45.3M in 2025 vs $37.3M in 2024, up ~21%.
Strong 2026 Guidance and Fleet Growth
2026 guidance for revenue of $135M–$145M and adjusted EBITDA of $55M–$60M (implying >25% revenue growth vs 2025). Company added 6 aircraft to the balance sheet entering 2026 (2 PC-12s, 2 King Air MMAs, 2 Spanish scoopers) and expects scoopers and MMA contribution to be ~10%–15% of 2026 revenue at ~40% EBITDA margins.
Improved Operational Utilization and Record Activity
Days on contract (utilization) increased almost 10% year-over-year. Multi-mission aircraft flight hours nearly doubled year-over-year. Company flew in 21 states, supported 380 fires, dropped 7.3M gallons of water, flew record hours >10% above 2024, and maintained 96% uptime on contracts.
Stronger Balance Sheet and Financing Flexibility
Ended 2025 with $31.4M cash. Completed a sale-leaseback that generated a $16.9M gain and closed a new senior secured facility up to $331.5M including a $100M delayed draw term loan (DDTL) to fund future fleet expansion and refinance a $160M municipal bond.
Technology, M&A and New Revenue Streams
Acquisitions and subsidiaries making progress: FMS contributed $7.9M in 2025 and is performing high-margin modification work; Ignis platform is piloting live-streamed sensor imagery to ground teams increasing situational awareness; two Spanish scoopers acquired to pursue international contracts.
Clear Demand Signal for Scoopers and Sensor-Enhanced Aircraft
Demand outstripped capacity: over 60 scooper orders could not be filled, representing a ~48% unfilled rate, signaling strong market demand and opportunity to monetize fleet expansion and high-margin sensor-enhanced platforms.
BAER Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BAER Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 05, 2026 | $2.34 | $2.21 | -5.77% |
Nov 06, 2025 | $1.61 | $1.62 | +0.62% |
Aug 07, 2025 | $2.05 | $1.88 | -8.29% |
May 08, 2025 | $1.41 | $1.42 | +0.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Bridger Aerospace Group Holdings (BAER) report earnings?
Bridger Aerospace Group Holdings (BAER) is schdueled to report earning on May 08, 2026, After Close (Confirmed).
What is Bridger Aerospace Group Holdings (BAER) earnings time?
Bridger Aerospace Group Holdings (BAER) earnings time is at May 08, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BAER EPS forecast?
BAER EPS forecast for the fiscal quarter 2026 (Q1) is -0.44.