Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER), one of the nation’s leading aerial firefighting companies, reported record first-quarter revenue of $15.6 million for the period ending March 31, 2025 — a significant milestone fueled by earlier and broader wildfire activity across the country.
The strong start to the year reflects a historic early deployment of Bridger’s Super Scooper aircraft, which began operations in California as early as January, followed by missions in Oklahoma and North Carolina in March. The company also deployed its multi-mission aircraft (MMA) fleet to support surveillance efforts, underscoring a growing shift toward year-round wildfire activity and response demand.
“As wildfires increasingly become a year-round threat, our team’s readiness and ability to rapidly deploy aircraft across the country is critical,” said Sam Davis, CEO of Bridger Aerospace. “This quarter’s results put us on a strong path to meet our full-year guidance, while continuing to protect lives and property.”
Bridger also highlighted a number of key developments in the quarter:
- The first-of-its-kind exclusive-use contract with the State of Montana to provide wildfire detection and mapping using a specially equipped Daher Kodiak 100 aircraft.
- A new five-year, $20.1 million contract with the U.S. Department of the Interior to support wildfire response efforts in Alaska.
- Appointment of Meghan Pasricha as an independent director, expanding the company’s board.
The company narrowed its net loss to $15.5 million, while reducing negative adjusted EBITDA to $5.1 million for the quarter. Bridger reaffirmed its 2025 financial guidance, projecting adjusted EBITDA of $42 million to $48 million on revenue between $105 million and $111 million.
With aircraft maintenance and crew training nearly complete for the season, Bridger says nearly its entire air attack and sensor-equipped fleet is now either committed or operational for wildfire season.
By: DNU staff