Bridger Aerospace Group Holdings (BAER) Company Report

Bridger Aerospace (BAER) anticipates achieving north of $120 million in revenue and the higher end of its $42-$48 million EBITDA range for the current year, with expectations for continued growth into 2026 and beyond.
The company completed a debt refinancing in late October, securing a five-year facility that includes a $210 million term loan at SOFR plus 6% and a $100 million deferred draw facility to support fleet expansion and growth.
As the largest owner-operator of Super Scoopers globally, Bridger Aerospace plans to expand its fleet from six to potentially ten aircraft, including the acquisition and return to service of former Spanish military aircraft.
The company addresses the increasing demand for aerial firefighting services due to growing wildfire intensity, leveraging its Super Scoopers for initial attack and advanced surveillance technology for early detection and real-time command and control.

Dec 10, 2025, 9:00 PM

Bridger Aerospace Provides Business Update and Growth Outlook

BAER

Guidance Update

Debt Issuance

New Projects/Investments

Bridger Aerospace (BAER), an aerial firefighting and aerospace services company, anticipates exceeding $120 million in revenue and reaching the higher end of its $42-$48 million EBITDA range for the current year, projecting continued growth into 2026 and beyond.
In late October, the company completed a debt refinancing, establishing a five-year $210 million term loan at SOFR plus 6%, a $21.5 million revolving facility, and a $100 million deferred draw facility to fund future aircraft acquisitions.
Bridger is actively expanding its Super Scooper fleet, including managing the return to service of four former Spanish military aircraft and closing on the purchase of two airworthy units, with these additions expected online in 2025 and 2026.
The company is also exploring future fleet expansion through a memorandum of understanding to retrofit ATR 72-600 passenger planes into Super Scoopers, with a potential delivery timeline of 2029-2030.

Dec 10, 2025, 9:00 PM

Bridger Aerospace Provides Business Update and Financial Outlook

BAER

New Projects/Investments

Debt Issuance

Revenue Acceleration/Inflection

Bridger Aerospace (BAER) anticipates achieving over $120 million in revenue and $42-$48 million in EBITDA for the current year, with expectations for continued growth into 2026 and beyond.
The company recently completed a debt refinancing, securing a five-year facility that includes a $210 million term loan at SOFR plus 6% interest, a $21.5 million revolving facility, and a $100 million deferred draw facility to support future aircraft acquisitions and growth.
Bridger Aerospace is expanding its fleet of Super Scoopers, with plans to grow from six to potentially ten aircraft, including the acquisition of four former Spanish military aircraft. Each Scooper has an average purchase price of $32 million and contributes an average of $8 million in annual EBITDA.
The company is exploring new platforms, such as retrofitting ATR 72-600 passenger planes into Scoopers, with a potential delivery timeline of 2029-2030.
Bridger Aerospace benefits from increasing wildfire intensity and duration, year-round demand, and strong bipartisan support for wildfire management, driving demand for its suppression and surveillance assets.

Dec 10, 2025, 9:00 PM

Bridger (BAER) Reports Strong Q3 2025 Results, Raises Revenue Guidance, and Completes Balance Sheet Transformation

BAER

Earnings

Guidance Update

Debt Issuance

Bridger (BAER) reported strong financial results for Q3 2025, with revenue increasing to $67.9 million and net income reaching $34.5 million. For the first nine months of 2025, revenue was $114.3 million, a 38% increase year-over-year, and adjusted EBITDA was $54.8 million.
The company updated its full-year 2025 guidance, now expecting revenue between $118 million and $123 million (exceeding previous guidance) and adjusted EBITDA at the higher end of its $42-$48 million range.
BAER completed a $49 million sale leaseback of its campus facilities and secured a new $331 million expanded debt facility, providing financial flexibility for future fleet expansion and organic growth.
Operationally, the company experienced record task orders and increased utilization, with multi-mission aircraft flight hours almost doubling and super scoopers seeing a nearly 9% increase in average flight hours year-to-date.

Nov 6, 2025, 10:00 PM

Bridger Aerospace Reports Record Third Quarter 2025 Results and Updates Full-Year Guidance

BAER

Earnings

Guidance Update

Debt Issuance

Bridger Aerospace reported record third quarter revenue of $67.9 million and nine-month revenue of $114.3 million for the period ended September 30, 2025.
Net income for Q3 2025 jumped 26% to $34.5 million, with Adjusted EBITDA increasing 4% to $49.1 million compared to Q3 2024.
The company completed a $49 million sale leaseback and $331 million financing package in late October to provide financial flexibility and growth capital for fleet expansion.
Bridger Aerospace is on track to hit the higher end of its 2025 Adjusted EBITDA guidance of $42-$48 million, and revenue is now expected to be between $118 million to $122 million, exceeding previous guidance.

Nov 6, 2025, 9:12 PM

Bridger Aerospace Secures New Financing and Completes Sale-Leaseback

BAER

Debt Issuance

New Projects/Investments

Bridger Aerospace Group Holdings, Inc. secured new financing commitments totaling up to $331.5 million.
This financing package includes a $21.5 million Revolving Credit Facility, a $210 million Senior Secured Term Loan, and a $100 million Fleet Expansion Facility, with loans maturing on October 28, 2030.
The new facility, led by Bain Capital, will refinance existing debt and provide capacity for future fleet expansion.
Concurrently, the company completed a $49 million sale-leaseback of its Bozeman Yellowstone International Airport campus facilities, entering into a ten-year lease agreement.

Oct 29, 2025, 12:25 PM

Bridger Aerospace Sells Hangar Complex to SR Aviation Infrastructure

BAER

M&A

New Projects/Investments

SR Aviation Infrastructure (SRAI), a subsidiary of SomeraRoad, has acquired the Bridger Hangar Complex at Bozeman Yellowstone International Airport from Bridger Aerospace Group Holdings, Inc. (BAER).
The complex consists of three hangars totaling 118,000 square feet and includes a fully entitled development site for an additional 40,000-square-foot hangar.
As part of the transaction, the existing hangars have been leased back to Bridger Aerospace under a 10-year lease agreement, and the location will continue to serve as the company's headquarters.