Bridger Aerospace Group Holdings, Inc. reported a significant increase in its financial performance for the fiscal year ending December 31, 2025, with total revenues reaching $122.8 million, a 25% increase from $98.6 million in 2024. The growth was primarily driven by a 20% rise in fire suppression revenue, which amounted to $79.8 million, and a 33% increase in aerial surveillance revenue, totaling $17.4 million. The company's maintenance, repair, and overhaul (MRO) services also saw a substantial boost, with revenues climbing 54% to $21.5 million, largely due to return-to-service work on Spanish Scooper aircraft.
In terms of profitability, Bridger reported a net income of $4.1 million for 2025, a significant turnaround from a net loss of $15.6 million in the previous year. This improvement was attributed to increased operational efficiency and higher demand for aerial firefighting services, which are expected to continue due to prolonged wildfire seasons driven by climate change. The company’s gross income also rose by 26% to $51.7 million, reflecting effective cost management despite a 24% increase in total cost of revenues, which reached $71.1 million.
Strategically, Bridger has made notable advancements, including the acquisition of Flight Test & Mechanical Solutions, Inc. in June 2024, which enhanced its service offerings. Additionally, the company completed a reverse recapitalization with Jack Creek Investment Corp. in January 2023, transitioning to a public entity. As of December 31, 2025, Bridger operated a fleet of 19 aircraft, including six Super Scoopers, and employed 235 individuals, reflecting a commitment to expanding its operational capacity and workforce.
Operationally, Bridger's customer base remains concentrated, with three customers accounting for 66% of total revenues in 2025. The company has also reported a backlog of $14 million, indicating future revenue potential. Bridger's geographic reach includes significant operations in the United States and Spain, with revenues from Spain increasing by 39% to $14 million, driven by the return-to-service work on the Spanish Scoopers.
Looking ahead, Bridger anticipates continued growth in demand for its services, supported by favorable legislation and increased federal funding for wildfire management. The company plans to leverage its existing relationships with government agencies to secure additional contracts and expand its market presence. However, it remains cautious about potential risks, including reliance on a limited number of suppliers for aircraft parts and the impact of climate variability on wildfire activity.
About Bridger Aerospace Group Holdings, Inc.
Bridger Aerospace Group Holdings, Inc. provides full-spectrum aerial wildfire management services, including fire suppression using specialized amphibious Super Scooper aircraft, aerial surveillance with manned Air Attack planes, and maintenance, repair, and overhaul (MRO) of firefighting aircraft. Serving primarily U.S. federal and state government agencies, Bridger leverages advanced technology, experienced crews, and environmentally sustainable methods to deliver rapid, efficient wildfire response and support decision-makers in fire management.
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