---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-007031"
form_type: "8-K"
ticker: "BAER"
cik: "0001941536"
company_name: "Bridger Aerospace Group Holdings, Inc."
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:45:07.889912+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Bridger Aerospace posts record Q3 revenue $53.6M, net income $17.5M; cuts 2023 guidance due to short wildfire season

## Summary
- Q3 revenue $53.6M (+65% YoY), net income $17.5M vs loss $5.7M, Adjusted EBITDA $38.7M vs $19.1M.
- Cuts FY2023 revenue guidance to $66-68M from $84-96M; Adjusted EBITDA to $18-19M from $37-45M due to shortest N.A. wildfire season in 10 years.
- Initial FY2024 guidance: revenue $70-86M, Adjusted EBITDA $35-51M, including $16M annual cost savings.
- Acquiring four Spanish Super Scoopers for €40.3M; Bighorn acquisition terminated mutually, no break-up fee.
- Cash and short-term investments $33.9M at Sep 30, 2023, up from $25.7M at June 30.

## SEC filing metadata
- accession: 0001171843-23-007031
- form_type: 8-K
- ticker: BAER
- cik: 0001941536
- company_name: Bridger Aerospace Group Holdings, Inc.
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1941536/000117184323007031/0001171843-23-007031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1941536/000117184323007031/f8k_111323.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-007031
- JSON: https://secwatch.observer/filing/0001171843-23-007031.json
- Plain text: https://secwatch.observer/filing/0001171843-23-007031.txt

## Key facts
- Earnings Releases
  Bridger Aerospace Group Holdings, Inc. reported third quarter ended September 30, 2023 results: revenue $53.6 million, net income $17.5 million. Guidance reaffirmed.
  - Period: third quarter ended September 30, 2023
  - Revenue: $53.6 million
  - Net income: $17.5 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: on guidance including the establishment of initial 2024 Revenue and Adjusted EBITDA estimates. Highlights: Achieved record quarterly revenue, net income, and Adjusted EBITDA of $53.6 million, $17.5 million and $38.7 million, respectively, in the third quarter of 2023 Bridger’s Super Scooper fleet experienced its highest level of utilization ever during the third
  evidence_url: https://www.sec.gov/Archives/edgar/data/1941536/000117184323007031/0001171843-23-007031-index.htm

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