Bridger Aerospace Group (NASDAQ:BAER) Announces Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Bridger Aerospace Group (NASDAQ:BAER) issued its quarterly earnings results on Thursday. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.10), FiscalAI reports. Bridger Aerospace Group had a negative return on equity of 1.21% and a negative net margin of 10.77%.The business had revenue of $30.49 million for the quarter, compared to analyst estimates of $37.04 million.

Here are the key takeaways from Bridger Aerospace Group’s conference call:

• Longer U.S. Forest Service task orders covering four Super Scoopers provide 160 guaranteed days, improving fleet utilization, staffing, maintenance planning, and revenue visibility into the fourth quarter.
• Bridger announced a $58 million, three-year Texas A&M contract to acquire and modify three King Air 360 multi-mission aircraft, expanding the company into engineering, aircraft modification, and integrated intelligence services.
• Second-quarter revenue was essentially flat at $30.5 million, while Adjusted EBITDA fell to $8.1 million from $10.8 million, the company posted a $0.5 million net loss, and cash declined to $7.2 million from $31.4 million at year-end 2025.
• Management reiterated 2026 revenue guidance of $135 million-$145 million and Adjusted EBITDA guidance of $55 million-$60 million, citing strong wildfire activity, increased fleet utilization, and expected cash-flow improvement as receivables are collected.
• European commitments for two Super Scoopers began later than expected under the Portugal arrangement; Bridger plans to move the aircraft to the U.S. after the European fire season if stronger long-term European contracts do not materialize.

Bridger Aerospace Group Price Performance

Shares of BAER stock traded down $0.43 during mid-day trading on Friday, hitting $1.26. The stock had a trading volume of 4,172,991 shares, compared to its average volume of 832,194. Bridger Aerospace Group has a fifty-two week low of $1.12 and a fifty-two week high of $3.44. The firm has a market cap of $70.46 million, a PE ratio of -1.48 and a beta of 0.35. The company’s 50-day simple moving average is $1.88 and its 200-day simple moving average is $2.13.

Insider Activity

In related news, major shareholder Holdings L.P. Blackstone II sold 1,900,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $1.70, for a total transaction of $3,230,000.00. Following the completion of the transaction, the insider directly owned 58,205 shares of the company’s stock, valued at $98,948.50. This represents a 97.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 16.36% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bridger Aerospace Group

Institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC boosted its stake in shares of Bridger Aerospace Group by 30.6% in the fourth quarter. Squarepoint Ops LLC now owns 181,860 shares of the company’s stock valued at $333,000 after buying an additional 42,613 shares in the last quarter. State Street Corp raised its position in Bridger Aerospace Group by 32.1% in the fourth quarter. State Street Corp now owns 101,280 shares of the company’s stock worth $185,000 after acquiring an additional 24,600 shares in the last quarter. Jane Street Group LLC acquired a new stake in Bridger Aerospace Group in the fourth quarter valued at $84,000. Goldman Sachs Group Inc. lifted its holdings in Bridger Aerospace Group by 50.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 332,042 shares of the company’s stock valued at $608,000 after acquiring an additional 110,788 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Bridger Aerospace Group by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 284,601 shares of the company’s stock worth $521,000 after purchasing an additional 5,959 shares in the last quarter. Hedge funds and other institutional investors own 48.94% of the company’s stock.

Analyst Upgrades and Downgrades

BAER has been the subject of several recent research reports. Lake Street Capital reiterated a “buy” rating and set a $4.00 target price on shares of Bridger Aerospace Group in a research note on Friday. Wall Street Zen downgraded Bridger Aerospace Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Weiss Ratings cut Bridger Aerospace Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, July 28th. Finally, Canaccord Genuity Group set a $4.50 target price on Bridger Aerospace Group in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.95.

Key Headlines Impacting Bridger Aerospace Group

Here are the key news stories impacting Bridger Aerospace Group this week:

• Positive Sentiment: Management maintained full-year 2026 revenue guidance of $135 million to $145 million, broadly in line with the roughly $138.3 million analyst consensus. The company also reported a significant improvement in quarterly operating profit to $16.6 million, which may support the longer-term turnaround case. Bridger Aerospace Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Bridger Aerospace reported second-quarter revenue of approximately $30.5 million, a modest year-over-year decline. Gross profit was $11.3 million, and the company continues to benefit from government wildfire-management contracts, but the seasonal and contract-driven nature of the business creates variability in quarterly results. Bridger Aerospace Reports Second Quarter 2026 Results
• Negative Sentiment: Second-quarter adjusted performance fell short of expectations: BAER posted a loss of $0.13 per share versus a consensus loss of approximately $0.01 to $0.03, while revenue of $30.5 million missed estimates near $37 million. The net loss attributable to common shareholders was $7.6 million, compared with a smaller loss a year earlier. Bridger Aerospace Q2 Loss and Revenue Miss
• Negative Sentiment: Liquidity and balance-sheet concerns remain: operating activities used $15.7 million of cash during the quarter, cash and equivalents stood at $7.2 million, and total liabilities increased to $289.8 million. These figures heighten investor concerns about financing needs and financial flexibility. BAER Stock Falls on Q2 Earnings
• Negative Sentiment: Blackstone II sold 1.9 million BAER shares for approximately $3.23 million, reducing its reported ownership by about 97%. The sizable insider/major-holder disposition may be interpreted as a lack of confidence and contributed to selling pressure. Blackstone II Sells BAER Stock

Bridger Aerospace Group Company Profile

Bridger Aerospace Group, Inc operates as an aerial services company specializing in wildfire management and aviation support. The company’s core business activities include aerial wildfire suppression, providing rapid-response water and fire-retardant drops from fixed-wing air tankers. In addition to firefighting, Bridger Aerospace offers aviation services such as cloud seeding for weather modification, aerial inspection and mapping, environmental monitoring, and logistics support for remote sites.

Founded in 2014 and headquartered in Heber City, Utah, Bridger Aerospace Group deploys a fleet of both fixed-wing and rotary-wing aircraft under contract to federal, state and local government agencies as well as commercial customers.