Bridger Aerospace Group Q2 EPS USD -0.13

Bridger Aerospace Group Holdings, Inc. (NASDAQ: BAER) reported a loss per diluted share of $0.13 for the second quarter of 2025, compared to loss of $0.33 per diluted share in the same period of 2024. The improvement in earnings reflects a significant increase in revenue and operational performance during the quarter. For the second quarter of 2025, the company generated $30.8 million in revenue, more than double the $13.0 million recorded in 2024.

The company attributed the revenue growth to expanded contracts and increased wildfire activity, which led to the full deployment of its fleet and record utilization of its Super Scooper aircraft. Despite the improved revenue, the company reported a net loss of $0.3 million for the quarter, compared to net loss of $10.0 million in the second quarter of 2024. Adjusted EBITDA, a key performance metric, rose to $10.8 million in Q2 2025, compared to $0.2 million in the prior-year period.

Bridger Aerospace also announced a $46 million sale-leaseback deal for its hangar and headquarters, expected to close in Q3 2025. The proceeds from the transaction are intended to reduce interest expenses and strengthen the company’s balance sheet. The company remains on track to meet the upper end of its 2025 guidance, with projected Adjusted EBITDA of $42–$48 million on revenue of $105–$111 million.

The company’s cash and cash equivalents stood at $17.0 million as of June 30, 2025, down from $39.3 million at the end of 2024, primarily due to winter maintenance and training expenses. However, the company expects incoming receivables from early fire season activity to bolster its cash position in the coming months.