Bridger Aerospace's Q2 2025: Unraveling Contradictions in Contracts, Expansion, and Cost Management

DHS contract opportunities and revenue generation, European expansion and contract opportunities, Spanish Scoopers certification and operational readiness, cash balance and European operations funding, inflationary pressures and cost management are the key contradictions discussed in Bridger Aerospace Group Holdings' latest 2025Q2 earnings call.



Record-breaking Financial Performance:
- Bridger Aerospace Group Holdings, Inc. reported record revenue of $30.8 million in Q2 2025, up 136% from the previous year.
- The growth was driven by increased demand for its aerial firefighting assets and multiple task orders securing year-round revenue.

Super Scooper Deployment and Utilization:
- All six of Bridger's Super Scoopers were deployed together in Alaska for the first time in history under U.S. Forest Service task orders.
- This deployment, along with two 120-day task orders for four of the Super Scoopers, ensures fleet mobilization and critical wildfire response efforts into the fourth quarter.

Adjusted EBITDA and Profitability:
- The company reported positive adjusted EBITDA of $10.8 million in Q2 2025, compared to $0.2 million in the previous year.
- This was attributed to increased fleet utilization, leading to the first quarterly profit and positive adjusted EBITDA for the first half of the year.

Government and State Partnerships:
- Bridger's assets are recognized as effective initial attack assets, with partnerships and contracts from federal and state governments.
- The commitment from the government to fully fund wildfire suppression and the focus on proactive management are enhancing demand for Bridger's services.

Developments in Sensor-Enhanced Aviation and FMS:
- Ignis Technologies' mobile platform supports firefighters in the field, linking real-time sensor imagery with Bridger's aircraft for enhanced situational awareness.
- FMS contributed $0.4 million in revenue during Q2, with ongoing opportunities for year-round revenue growth, primarily with the DoD.