The combination of profitability turnaround, strong EBITDA growth, and raised guidance suggests improving operational execution. The new credit facility reduces near-term liquidity risk and supports fleet growth. Traders should monitor 2026 revenue execution, especially non-recurring item adjustments and cash flow sustainability.
Price Chart
Executive Summary
Bridger Aerospace reported strong full-year 2025 results with revenue up 25% to $122.8 million and a swing to positive net income of $4.1 million from a $15.6 million loss in 2024. Adjusted EBITDA grew 21% to $45.3 million, and the company secured a $331.5 million financing package to fund fleet expansion. It also issued bullish 2026 guidance, projecting revenue of $135M–$145M and Adjusted EBITDA of $55M–$60M.
Key Financial Metrics
Key Facts
- 2025 revenue: $122.8 million (25% YoY growth)
- 2025 net income: $4.1 million (vs. $15.6 million net loss in 2024)
- 2025 Adjusted EBITDA: $45.3 million (21% YoY growth)
- Completed $331.5 million financing, including $100 million delayed draw facility
- Fleet expanded with two Spanish Scoopers and four surveillance aircraft
- 2026 guidance: $135M–$145M revenue (14% growth at midpoint), $55M–$60M Adjusted EBITDA (27% growth)
Financial Impact
Revenue increased by $24.2 million YoY; net income improved by $19.7 million; Adjusted EBITDA increased by $8.0 million. 2026 Adjusted EBITDA guidance implies $9.7M midpoint increase.
Risk Factors
- Fourth quarter revenue and Adjusted EBITDA declined sharply YoY (Q4 revenue down 45%, Adjusted EBITDA more negative)
- Cash from operations improved but remains modest at $16.7M vs. $45.3M EBITDA, raising quality-of-earnings questions
- High SG&A and interest expenses; $13.4M SG&A in Q4 2025 vs. $7.7M in Q4 2024
- Stockholders’ deficit remains large at $342.6M as of Dec 2025
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3250645 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | Press Release | $0.5111 | awaiting T+20 | — | $0.4920 (−3.74%) |
Sep 3, 2026 7w ago | Press Release | $1.09 $0.6800 | ▼ −37.61% | ▼ −36.43% | $0.4920 (−54.86%) |
Aug 25, 2026 8w ago | 144 | $1.16 $0.8300 | ▲ +28.45% | ▲ +28.67% | $0.4920 (+57.59%) |
Aug 17, 2026 9w ago | 144 | $1.16 $0.9922 | ▲ +14.47% | ▲ +12.72% | $0.4920 (+57.59%) |
Aug 13, 2026 10w ago | Insider Cluster | $1.25 $1.02 | ▲ +18.40% | ▲ +16.41% | $0.4920 (+60.64%) |
Aug 11, 2026 10w ago | 144 | $1.20 $1.04 | ▲ +13.33% | ▲ +11.44% | $0.4920 (+59.00%) |
Aug 6, 2026 11w ago | Insider Cluster | $1.26 $1.12 | ▲ +11.51% | ▲ +11.11% | $0.4920 (+60.95%) |
Aug 4, 2026 11w ago | 144 | $1.78 $1.06 | ▲ +40.45% | ▲ +39.85% | $0.4920 (+72.36%) |
Jul 20, 2026 14w ago | Press Release | $1.93 $1.19 | ▼ −38.34% | ▼ −42.46% | $0.4920 (−74.51%) |
Mar 5, 2026 33w ago | 8-K | $2.21 $2.12 | ▼ −3.85% | ▼ −1.81% | $0.4920 (−77.69%) |
US Market Status
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