---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-003269"
form_type: "8-K"
ticker: "BAER"
cik: "0001941536"
company_name: "Bridger Aerospace Group Holdings, Inc."
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:54:58.309726+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bridger Aerospace Q1 net loss $44.7M; reaffirms 2023 revenue guidance $84-96M

## Summary
- Q1 revenue $365K (up from $69K YoY); net loss $44.7M vs $14.9M, driven by $24M non-cash stock comp.
- Adjusted EBITDA -$10.7M (vs -$9.1M); seasonal Q1 loss typical ahead of wildfire season.
- Sixth Super Scooper received Feb 2023; fleet of 20+ aircraft operational for 2023 season.
- FY 2023 guidance: revenue $84-96M, Adjusted EBITDA $37-45M; margins expected to exceed 40%.
- Interest expense rose to $5.7M from $3.7M; $160M Gallatin municipal bonds issued in Q3 2022.

## SEC filing metadata
- accession: 0001171843-23-003269
- form_type: 8-K
- ticker: BAER
- cik: 0001941536
- company_name: Bridger Aerospace Group Holdings, Inc.
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1941536/000117184323003269/0001171843-23-003269-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1941536/000117184323003269/f8k_051223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-003269
- JSON: https://secwatch.observer/filing/0001171843-23-003269.json
- Plain text: https://secwatch.observer/filing/0001171843-23-003269.txt

## Key facts
- Earnings Releases
  Bridger Aerospace Group Holdings, Inc. reported first quarter ended March 31, 2023 results: revenue $365 thousand, net income $44.7 million. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2023
  - Revenue: $365 thousand
  - Net income: $44.7 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: to expand into new verticals and markets to support our state and federal customers more fully.” First Quarter 2023 Results Revenue for the first quarter of 2023 was $365 thousand, compared to $69 thousand in the first quarter of 2022. Revenue is typically lower in the first quarter as Bridger schedules annual fleet maintenance activities in preparation
  evidence_url: https://www.sec.gov/Archives/edgar/data/1941536/000117184323003269/0001171843-23-003269-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.