Bridger Aerospace Group (NASDAQ:BAER) Posts Quarterly Earnings Results, Misses Estimates By $0.32 EPS

Key Points

• Bridger reported Q1 EPS of ($0.69), missing estimates by $0.32, with revenue of $8.5M (down from $15.6M), a $31.3M net loss, negative $14.5M adjusted EBITDA, and cash declining to $9M after fleet and technology investments.
• Management reiterated full‑year guidance of $135–145M revenue and $55–60M adjusted EBITDA, expects ~29% underlying growth excluding 2025 non‑recurring items, and has ~$90M available on a delayed‑draw $100M credit facility.
• The company is expanding higher‑margin offerings — sensor‑enhanced aircraft hours nearly doubled, the Ignis platform is slated for a Q2 launch as a potential SaaS product, and it won an $18.6M Alaska exclusive‑use contract to bolster peak‑season utilization.

Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.32), Zacks reports. Bridger Aerospace Group had a negative return on equity of 1.21% and a net margin of 3.37%.

Here are the key takeaways from Bridger Aerospace Group's conference call:

• Q1 revenue was $8.5M versus $15.6M a year ago, with a $31.3M net loss, adjusted EBITDA of negative $14.5M, and cash declining to $9M after investments in fleet and technology.
• Management reiterated full‑year guidance of $135–145M revenue and $55–60M adjusted EBITDA, expects ~29% growth excluding 2025 non‑recurring items, and has ~ $90M available on a $100M delayed‑draw credit facility.
• The company is expanding higher‑margin capabilities — sensor‑enhanced aircraft hours nearly doubled in Q1, the Ignis platform launches in Q2 as a potential SaaS offering, and FMS is positioned to capture defense IDIQ work.
• Operational readiness and fleet expansion progressed — early dispatches of multi‑mission and air attack aircraft, qualification of additional Super Scooper and initial attack captains, and an $18.6M Alaska exclusive‑use contract to bolster peak‑season utilization.
• Management sees federal moves to consolidate wildfire programs and worsening fire conditions as demand drivers, but legislative and contracting changes are uncertain and may deliver more benefit over the longer term.

Bridger Aerospace Group Stock Up 2.0%

NASDAQ:BAER traded up $0.04 on Wednesday, reaching $2.00. The stock had a trading volume of 517,820 shares, compared to its average volume of 736,377. The company has a market capitalization of $111.84 million, a P/E ratio of -3.57 and a beta of 0.28. Bridger Aerospace Group has a 1-year low of $1.22 and a 1-year high of $3.44. The stock has a fifty day moving average price of $2.13 and a 200-day moving average price of $2.12.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Wall Street Zen cut Bridger Aerospace Group from a "hold" rating to a "strong sell" rating in a research report on Sunday, March 15th. Zacks Research raised Bridger Aerospace Group to a "hold" rating in a report on Wednesday, April 1st. Weiss Ratings cut Bridger Aerospace Group from a "hold (c-)" rating to a "sell (d)" rating in a report on Monday, March 9th. Stifel Nicolaus started coverage on Bridger Aerospace Group in a report on Tuesday, March 31st. They set a "buy" rating and a $3.35 price objective on the stock. Finally, Canaccord Genuity Group lowered their price objective on Bridger Aerospace Group from $5.25 to $5.00 and set a "buy" rating on the stock in a research note on Monday, March 9th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Bridger Aerospace Group presently has a consensus rating of "Hold" and an average target price of $4.18.

Institutional Investors Weigh In On Bridger Aerospace Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in Bridger Aerospace Group during the 2nd quarter valued at $26,000. Stifel Financial Corp increased its holdings in Bridger Aerospace Group by 23.6% during the 4th quarter. Stifel Financial Corp now owns 21,860 shares of the company's stock valued at $40,000 after purchasing an additional 4,180 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Bridger Aerospace Group during the 1st quarter valued at $41,000. Centiva Capital LP acquired a new stake in Bridger Aerospace Group during the 3rd quarter valued at $53,000. Finally, Jane Street Group LLC acquired a new stake in Bridger Aerospace Group during the 2nd quarter valued at $73,000. 48.94% of the stock is owned by institutional investors and hedge funds.

About Bridger Aerospace Group

Bridger Aerospace Group, Inc operates as an aerial services company specializing in wildfire management and aviation support. The company's core business activities include aerial wildfire suppression, providing rapid-response water and fire-retardant drops from fixed-wing air tankers. In addition to firefighting, Bridger Aerospace offers aviation services such as cloud seeding for weather modification, aerial inspection and mapping, environmental monitoring, and logistics support for remote sites.

Founded in 2014 and headquartered in Heber City, Utah, Bridger Aerospace Group deploys a fleet of both fixed-wing and rotary-wing aircraft under contract to federal, state and local government agencies as well as commercial customers.

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