---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-25-002985"
form_type: "8-K"
ticker: "BAER"
cik: "0001941536"
company_name: "Bridger Aerospace Group Holdings, Inc."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T05:43:50.309211+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001171843-25-002985
- form_type: 8-K
- ticker: BAER
- cik: 0001941536
- company_name: Bridger Aerospace Group Holdings, Inc.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1941536/000117184325002985/0001171843-25-002985-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1941536/000117184325002985/f8k_050825.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-25-002985
- JSON: https://secwatch.observer/filing/0001171843-25-002985.json
- Plain text: https://secwatch.observer/filing/0001171843-25-002985.txt

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