Business
Bridger Aerospace Announces Record 2025 Results: Revenue Grows 25%, Adjusted EBITDA up 21% Year-Over-Year and Delivers Positive Net Income
Initiates 2026 guidance, anticipating another record year BELGRADE, Mont., March 05, 2026 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc.
About this update from Bridger Aerospace Group Holdings, Inc.
[{"type":"text","content":"Initiates 2026 guidance, anticipating another record year\nBELGRADE, Mont., March 05, 2026 (GLOBE NEWSWIRE) -- Bridger Aerospace Group Holdings, Inc. (“Bridger”, “the Company” or “Bridger Aerospace”), (NASDAQ: BAER, BAERW), one of the nation’s largest aerial firefighting companies, today reported financial results for the fourth quarter and year ended December 31, 2025, including positive net income for the full year. Highlights: Revenue for 2025 grew 25% to $122.8 million, surpassing the company’s increased guidance rangePositive Net Income for 2025 was $4.1 million, with adjusted EBITDA increasing 21% from 2024 to $45.3 millionCompleted $331.5 million financing package, including debt refinancing and a $100.0 million delayed draw facility, to bolster financial flexibility and fund strategic fleet expansion amid rising demand for aerial firefighting servicesFleet expansion program advanced with the addition of the first two Spanish Scoopers to the operational fleet and four additional air surveillance aircraft added to the balance sheetInitiating 2026 guidance: Revenue expected to be between $135 million and $145 million, representing 14% growth at the midpoint of the range and growth of 29% when excluding non-recurring return to service work on the Spanish Scoopers in 2025Adjusted EBITDA range of $55 million to $60 million representing growth of 27% at the midpoint of the range Summary Financial Results (In thousands) For the three months ended December 31, For the year ended December 31, 2025 2024 2025 2024 Revenues $8,547 $15,585 $122,830 98,613 Net (loss) income (15,149) (12,845) 4,140 (15,567) Adjusted EBITDA (9,543) (2,901) 45,278 37,336 Net cash provided by operating activities 16,732 9,355 Cash and cash equivalents $31,381 $39,336 “Our record financial performance in 2025, during a statistically below-average fire year, underscores the strength of our business model, growing diversification of our revenue stream and the benefits of longer-term contacts for our aircraft,” shared Sam Davis, Bridger’s Chief Executive Officer. “Our customers’ growing emphasis on early detection, combined with our outstanding team, helped drive the increased prepositioning and enhanced utilization of our fleet in 2025. As we complete fleet maintenance to ensure our year-round readiness, we are well positioned for another record year, both op...