secwatch.observer — SEC 8-K summary
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Issuer:     Bridger Aerospace Group Holdings, Inc. (BAER)
CIK:        0001941536
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001171843-25-002985
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1941536/000117184325002985/0001171843-25-002985-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1941536/000117184325002985/f8k_050825.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-002985

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