Bridger Aerospace Reports 136% Revenue Growth to $30.8 Million in Q2 2025

Bridger Aerospace Group Holdings, Inc. reported significant financial growth in its latest quarterly filing, with revenues reaching $30.8 million for the three months ended June 30, 2025, a 136% increase from $13.0 million in the same period last year. For the first half of 2025, revenues totaled $46.4 million, up 151% from $18.5 million in the first half of 2024. The company attributed this growth primarily to increased utilization of its aerial firefighting services, particularly its Viking CL-415EAF aircraft, and expanded maintenance and repair operations following the acquisition of Flight Test & Mechanical Solutions, Inc. in June 2024.

Despite the revenue surge, Bridger reported a net income of $308,000 for the second quarter, a stark contrast to the net loss of $9.98 million in the same quarter of 2024. However, the company recorded a net loss of $15.2 million for the first half of 2025, an improvement from a loss of $30.1 million in the prior year. The gross income for the second quarter was $12.1 million, compared to $3.1 million in the previous year, reflecting a gross margin improvement driven by operational efficiencies and increased service demand.

Operationally, Bridger has made strategic moves to enhance its service offerings and market presence. The company is in the process of finalizing a sale and leaseback agreement for its hangar and office facilities at the Bozeman Yellowstone International Airport, which is expected to generate approximately $46 million. This transaction is anticipated to close in the third quarter of 2025 and will allow Bridger to continue utilizing the facilities under a long-term lease. Additionally, the company has expanded its fleet and capabilities, now owning twelve aircraft, including specialized firefighting and surveillance platforms.

As of June 30, 2025, Bridger's total assets were valued at $279 million, with total liabilities of $236.7 million, resulting in a stockholders' deficit of $351 million. The company has also seen an increase in its employee headcount, reflecting its growth strategy and operational expansion. Looking ahead, Bridger anticipates continued demand for its services, driven by climate trends and the increasing frequency of wildfires, which may further enhance its financial performance. The company remains focused on improving its operational efficiencies and addressing identified weaknesses in its internal controls to support its growth trajectory.