Bridger Aerospace Group Holdings, Inc. reported a notable increase in financial performance for the third quarter of 2025, with revenues reaching $67.9 million, a 5% rise from $64.5 million in the same period last year. For the nine months ending September 30, 2025, total revenues surged by 38% to $114.3 million, compared to $83.0 million in the prior year. The company attributed this growth primarily to increased demand for its fire suppression and aerial surveillance services, driven by favorable weather conditions and enhanced operational efficiency.
The company's gross income for the third quarter was $46.8 million, reflecting a 13% increase from $41.5 million in the previous year. Operating income also saw significant growth, rising 19% to $39.0 million, up from $32.9 million. Net income for the quarter was reported at $34.5 million, a 26% increase compared to $27.3 million in Q3 2024. The nine-month period also showed a substantial turnaround, with net income of $19.3 million compared to a loss of $2.7 million in the same timeframe last year.
Operationally, Bridger Aerospace has made strategic advancements, including the acquisition of Flight Test & Mechanical Solutions, Inc. (FMS) in June 2024, which has contributed to increased maintenance and repair revenues. The company also completed the purchase of a King Air aircraft for approximately $3.4 million to enhance its aerial surveillance capabilities. As of September 30, 2025, Bridger operated a fleet of 13 aircraft, including specialized firefighting planes, and reported a total employee headcount of 300, reflecting a commitment to expanding its operational capacity.
The company’s balance sheet showed total assets of $311.0 million, up from $290.8 million at the end of 2024, with cash and cash equivalents increasing to $55.1 million. However, total liabilities also rose to $233.1 million, primarily due to increased debt obligations. Bridger's Series A Preferred Stock value increased to $400.3 million, reflecting adjustments to its maximum redemption value. The company remains classified as a smaller reporting company and an emerging growth company, allowing it to take advantage of certain regulatory exemptions.
Looking ahead, Bridger Aerospace anticipates continued growth driven by increasing demand for its services amid ongoing climate challenges. The company is focused on enhancing its operational efficiency and expanding its service offerings while managing its financial obligations. The recent refinancing of its debt, which includes a new credit agreement effective October 28, 2025, is expected to provide additional liquidity and support future growth initiatives.
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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