Bridger Aerospace reports record Q1 revenue of $15.6M, net loss narrows; reiterates 2025 guidance

Bridger Aerospace Group Holdings, Inc.

2025-Q1 EPS reported -$0.41 revenue$15,646,000

Record Q1 revenue of $15.6M, up 184% from $5.5M in Q1 2024, driven by early wildfire deployments and FMS acquisition.
Net loss improved to $15.5M ($0.41 loss per diluted share) from $20.1M ($0.55 loss) in prior year.
Adjusted EBITDA was negative $5.1M vs negative $6.9M; reiterated FY2025 EBITDA guidance of $42M-$48M on revenue $105M-$111M.
Cash and equivalents $22.3M at March 31, down from $39.3M at year-end due to winter maintenance and training costs.
New contracts: exclusive-use Montana wildfire detection/mapping deal and five-year $20.1M U.S. DOI contract for Alaska.

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