BAER Chart
About

Bridger Aerospace Group Holdings, Inc. provides aerial wildfire surveillance, relief and suppression, and aerial firefighting services in the United States. The company offers fire suppression services, such as aerial firefighting support for ground crews by operating the Viking CL-415EAF (Super Scooper) aircraft to drop water quickly and directly on wildfires. It also provides aerial surveillance services via manned (Air Attack) aircraft for fire suppression over an incident and providing tactical coordination with the incident commander, and decision-makers rapid, current intelligence from useful aerial vantage points, giving access to information to support ground firefighters and safety for the public. In addition, the company offers maintenance, repair, and overhaul (MRO) that provides maintenance and repair services for return-to-service upgrades of the Spanish scoopers, as well as airframe modification and integration solutions for governmental and commercial customers. Further, it operates an aircraft fleet of sixteen planes. The company was founded in 2014 and is headquartered in Belgrade, Montana.

Fundamentals
Scroll to Statements
Sector Industrials Industry Security & Protection Se Market Cap 139.97M
Enterprise Value 694.17M Income -20.17M Sales 129.87M
Book/sh -5.80 Cash/sh 1.04 Dividend Yield —
Payout 0.00% Employees 191 IPO —
P/E — Forward P/E — PEG —
P/S 1.08 P/B -0.43 P/C —
EV/EBITDA 16.77 EV/Sales 5.34 Quick Ratio 3.37
Current Ratio 3.95 Debt/Eq 271.49 LT Debt/Eq —
EPS (ttm) -0.40 EPS next Y — EPS Growth 20.50%
Revenue Growth 5.20% Earnings 2026-03-05 ROA 4.95%
ROE 8.75% ROIC — Gross Margin 44.22%
Oper. Margin 57.44% Profit Margin 4.96% Shs Outstand 55.54M
Shs Float 36.83M Short Float 1.24% Short Ratio 0.28
Short Interest — 52W High 3.44 52W Low 1.02
Beta 0.16 Avg Volume 719.02K Volume 402.40K
Target Price $5.25 Recom None Prev Close $2.41
Price $2.52 Change 4.56%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$5.25
Mean price target
2. Current target
$2.52
Latest analyst target
3. DCF / Fair value
$7.46
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.52
Low
$5.25
High
$5.25
Mean
$5.25

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-25 main Canaccord Genuity Buy → Buy $5
2025-05-28 main Canaccord Genuity Buy → Buy $5
2025-03-17 main Canaccord Genuity Buy → Buy $5
2025-01-15 main Canaccord Genuity Buy → Buy $6
2024-11-13 main Canaccord Genuity Buy → Buy $6
2024-08-13 main Canaccord Genuity Buy → Buy $5
2024-07-02 main Canaccord Genuity Buy → Buy $5
2024-06-24 init Canaccord Genuity — → Buy $6
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 300000 540210 — Purchase at price 1.80 per share. KELTER JEFFREY E Director — 2025-12-03 00:00:00 D/I
1 154145 — — Stock Award(Grant) at price 0.00 per share. FASCITELLI ELIZABETH COGAN Director — 2025-11-25 00:00:00 D
2 400000 — — Stock Award(Grant) at price 0.00 per share. KELTER JEFFREY E Director — 2025-11-25 00:00:00 D
3 208290 — — Stock Award(Grant) at price 0.00 per share. SAVAGE ROBERT F JR Director — 2025-11-25 00:00:00 D
4 106768 — — Stock Award(Grant) at price 0.00 per share. FREEDMAN ERNEST MICHAEL Director — 2025-11-25 00:00:00 D
5 154145 — — Stock Award(Grant) at price 0.00 per share. HELLER DEAN Director — 2025-11-25 00:00:00 D
6 23799 — — Stock Award(Grant) at price 0.00 per share. HOWARD HUGH WYMAN III Director — 2025-11-25 00:00:00 D
7 154145 — — Stock Award(Grant) at price 0.00 per share. SCHELLENBERG DAVID ALFRED Director — 2025-11-25 00:00:00 D
8 154145 — — Stock Award(Grant) at price 0.00 per share. DROHAN DAN Director — 2025-11-25 00:00:00 D
9 140609 — — Stock Award(Grant) at price 0.00 per share. PASRICHA MEGHAN Director — 2025-11-25 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.050.000.000.00
NormalizedEBITDA24.84M-43.35M-13.01M9.43M
NetIncomeFromContinuingOperationNetMinorityInterest-15.57M-77.36M-42.12M-6.54M
ReconciledDepreciation17.45M11.09M9.09M6.67M
ReconciledCostOfRevenue57.48M41.34M33.89M26.58M
EBITDA24.84M-43.35M-13.01M9.43M
EBIT7.38M-54.44M-22.11M2.75M
NetInterestIncome-23.71M-23.22M-20.02M-9.29M
InterestExpense23.71M23.22M20.02M9.29M
NormalizedIncome-15.57M-77.36M-42.12M-6.54M
NetIncomeFromContinuingAndDiscontinuedOperation-15.57M-77.36M-42.12M-6.54M
TotalExpenses93.30M124.20M69.01M37.79M
TotalOperatingIncomeAsReported5.32M-57.49M-22.63M1.59M
DilutedAverageShares50.52M78.91M43.77M43.77M
BasicAverageShares50.52M45.27M43.77M43.77M
DilutedEPS-0.810.11-7.55-0.15
BasicEPS-0.810.19-7.55-0.15
DilutedNIAvailtoComStockholders-40.91M-77.20M-330.48M-6.54M
AverageDilutionEarnings0.00-85.73M0.00
NetIncomeCommonStockholders-40.91M8.52M-330.48M-6.54M
OtherunderPreferredStockDividend25.34M-134.18M288.35M
PreferredStockDividends48.30M
NetIncome-15.57M-77.36M-42.12M-6.54M
NetIncomeIncludingNoncontrollingInterests-15.57M-77.36M-42.12M-6.54M
NetIncomeContinuousOperations-15.57M-77.36M-42.12M-6.54M
TaxProvision-762.00K-302.00K0.00
PretaxIncome-16.33M-77.66M-42.12M-6.54M
OtherIncomeExpense2.07M3.05M521.00K1.16M
OtherNonOperatingIncomeExpenses2.07M3.05M521.00K1.16M
NetNonOperatingInterestIncomeExpense-23.71M-23.22M-20.02M-9.29M
InterestExpenseNonOperating23.71M23.22M20.02M9.29M
OperatingIncome5.32M-57.49M-22.63M1.59M
OperatingExpense35.82M82.86M35.13M11.22M
ResearchAndDevelopment365.63K
SellingGeneralAndAdministration35.82M82.86M35.13M11.22M
GeneralAndAdministrativeExpense10.85M
OtherGandA10.85M
GrossProfit41.14M25.37M12.50M12.80M
CostOfRevenue57.48M41.34M33.89M26.58M
TotalRevenue98.61M66.71M46.39M39.38M
OperatingRevenue93.75M65.80M46.06M39.07M
Line Item2023-12-31
TreasurySharesNumber0.00
OrdinarySharesNumber54.21M44.78M43.77M43.77M
ShareIssued54.21M44.78M43.77M43.77M
NetDebt165.30M183.73M177.75M46.58M
TotalDebt212.56M214.62M208.69M60.89M
TangibleBookValue-353.75M-343.01M-416.51M-87.57M
InvestedCapital-122.06M-121.22M-205.71M-24.53M
WorkingCapital40.42M19.80M82.56M-51.00M
NetTangibleAssets26.43M11.83M72.51M59.09M
CapitalLeaseObligations7.92M7.93M776.00K613.54K
CommonStockEquity-326.70M-327.91M-413.62M-84.81M
PreferredStockEquity380.18M354.84M489.02M146.67M
TotalCapitalization255.95M231.52M280.87M119.98M
TotalEquityGrossMinorityInterest53.48M26.93M75.40M61.86M
StockholdersEquity53.48M26.93M75.40M61.86M
GainsLossesNotAffectingRetainedEarnings1.04M987.00K1.68M24.71K
OtherEquityAdjustments1.04M987.00K1.68M24.71K
RetainedEarnings-429.24M-413.67M-415.30M-84.83M
AdditionalPaidInCapital101.50M84.77M0.00
CapitalStock380.19M354.85M489.03M146.67M
CommonStock6.00K5.00K4.00K0.00
PreferredStock380.18M354.84M489.02M146.67M
TotalLiabilitiesNetMinorityInterest237.33M246.54M230.58M133.25M
TotalNonCurrentLiabilitiesNetMinorityInterest213.94M221.14M206.27M60.18M
PreferredSecuritiesOutsideStockEquity354.84M489.02M146.67M
NonCurrentAccruedExpenses5.39M10.78M46.00K1.46M
LongTermDebtAndCapitalLeaseObligation208.55M210.36M206.23M58.73M
LongTermCapitalLeaseObligation6.08M5.78M755.00K608.57K
LongTermDebt202.47M204.59M205.47M58.12M
CurrentLiabilities23.39M25.40M24.31M73.07M
OtherCurrentLiabilities66.41M
CurrentDebtAndCapitalLeaseObligation4.00M4.25M2.47M2.16M
CurrentCapitalLeaseObligation1.83M2.15M21.00K4.97K
CurrentDebt2.17M2.10M2.45M2.16M
OtherCurrentBorrowings2.17M2.10M2.45M2.16M
PayablesAndAccruedExpenses19.39M21.15M21.84M4.50M
CurrentAccruedExpenses14.06M17.17M18.67M474.64K
Payables5.33M3.98M3.17M4.02M
AccountsPayable5.33M3.98M3.17M4.02M
TotalAssets290.81M273.47M305.98M195.11M
TotalNonCurrentAssets227.00M228.28M199.11M173.05M
OtherNonCurrentAssets837.00K32.00K
NonCurrentPrepaidAssets1.54M2.88M1.25M0.00
FinancialAssets1.07M1.12M1.41M25.48K
InvestmentsAndAdvances5.00M5.00M1.00M1.00M
OtherInvestments5.00M5.00M1.00M1.00M
GoodwillAndOtherIntangibleAssets27.05M15.10M2.89M2.77M
OtherIntangibleAssets6.30M1.94M431.00K307.95K
Goodwill20.75M13.16M2.46M2.46M
NetPPE191.49M204.18M192.54M169.25M
AccumulatedDepreciation-44.95M-28.83M-18.48M-9.68M
GrossPPE236.45M233.00M211.02M178.93M
Leases35.50M34.82M
ConstructionInProgress5.00K5.00K30.77M37.09M
OtherProperties8.05M7.90M801.00K698.49K
MachineryFurnitureEquipment191.83M189.16M162.92M124.68M
BuildingsAndImprovements1.05M1.12M16.52M16.47M
Properties0.000.000.000.00
CurrentAssets63.81M45.20M106.86M22.07M
OtherCurrentAssets1.04M577.00K1.79M2.01M
CurrentDeferredAssets0.005.80M0.00
RestrictedCash13.75M13.98M12.30M3.57M
PrepaidAssets3.75M2.56M1.80M2.76M
Receivables5.95M4.11M29.00K34.99K
OtherReceivables1.75M195.00K34.99K
TaxesReceivable986.00K237.00K
NotesReceivable0.003.00M0.00
AccountsReceivable3.21M681.00K29.00K0.00
CashCashEquivalentsAndShortTermInvestments39.34M23.96M85.14M13.69M
OtherShortTermInvestments0.001.01M54.98M0.00
CashAndCashEquivalents39.34M22.96M30.16M13.69M
CashFinancial22.96M30.16M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow4.12M-47.87M-45.31M-47.74M
RepurchaseOfCapitalStock0.00-306.25M0.00
RepaymentOfDebt-3.01M-2.23M-9.61M-1.74M
IssuanceOfDebt0.00160.20M8.17M
IssuanceOfCapitalStock9.34M3.19M288.52M55.00M
CapitalExpenditure-5.24M-21.07M-35.39M-53.76M
InterestPaidSupplementalData23.14M23.22M12.75M2.69M
EndCashPosition39.34M22.96M30.16M13.69M
OtherCashAdjustmentOutsideChangeinCash-13.75M-13.98M-12.30M-3.57M
BeginningCashPosition36.94M42.46M17.26M5.25M
EffectOfExchangeRateChanges62.00K-42.00K0.00-776.00
ChangesInCash16.08M-5.48M25.20M12.02M
FinancingCashFlow4.67M-5.83M124.93M60.76M
CashFlowFromContinuingFinancingActivities4.67M-5.83M124.93M60.76M
NetOtherFinancingCharges-1.65M-6.79M-7.93M-670.30K
NetPreferredStockIssuance0.00-17.73M55.00M
PreferredStockPayments0.00-306.25M0.00
PreferredStockIssuance0.00288.52M55.00M
NetCommonStockIssuance9.34M3.19M0.00
CommonStockIssuance9.34M3.19M0.00
NetIssuancePaymentsOfDebt-3.01M-2.23M150.59M6.43M
NetLongTermDebtIssuance-3.01M-2.23M150.59M6.43M
LongTermDebtPayments-3.01M-2.23M-9.61M-1.74M
LongTermDebtIssuance0.00160.20M8.17M
InvestingCashFlow2.06M27.16M-89.81M-54.76M
CashFlowFromContinuingInvestingActivities2.06M27.16M-89.81M-54.76M
NetOtherInvestingChanges3.00M-3.00M
NetInvestmentPurchaseAndSale1.05M50.41M-54.71M-1.00M
SaleOfInvestment1.05M55.41M5.50M0.00
PurchaseOfInvestment0.00-5.00M-60.21M-1.00M
NetBusinessPurchaseAndSale2.59M0.00
SaleOfBusiness2.59M0.00
NetIntangiblesPurchaseAndSale0.00
PurchaseOfIntangibles0.00
NetPPEPurchaseAndSale-3.44M-19.92M-35.11M-53.76M
SaleOfPPE649.00K817.00K286.00K0.00
PurchaseOfPPE-4.08M-20.74M-35.39M-53.76M
CapitalExpenditureReported-1.16M-328.00K0.00
OperatingCashFlow9.36M-26.81M-9.92M6.02M
CashFlowFromContinuingOperatingActivities9.36M-26.81M-9.92M6.02M
ChangeInWorkingCapital-3.05M-11.68M11.34M-842.62K
ChangeInOtherCurrentAssets183.39K-1.20M
ChangeInPayablesAndAccruedExpense-3.10M-9.48M11.53M-67.80K
ChangeInPayable-3.10M-9.48M11.53M-67.80K
ChangeInAccountPayable-3.10M-9.48M11.53M-67.80K
ChangeInPrepaidAssets2.29M-2.38M-372.00K-1.81M
ChangeInInventory-104.00K1.27M183.00K-1.20M
ChangeInReceivables-2.13M-1.08M6.00K2.23M
ChangesInAccountReceivables-2.13M-1.08M6.00K2.23M
OtherNonCashItems550.00K1.14M4.19M6.51M
StockBasedCompensation16.16M47.80M9.00K0.00
UnrealizedGainLossOnInvestmentSecurities0.003.92M0.00
AssetImpairmentCharge0.002.53M0.00
DeferredTax-1.14M-342.00K0.00
DeferredIncomeTax-1.14M-342.00K0.00
DepreciationAmortizationDepletion17.45M11.09M9.09M6.67M
DepreciationAndAmortization17.45M11.09M9.09M6.67M
OperatingGainsLosses-5.04M18.00K3.66M221.23K
EarningsLossesFromEquityInvestments0.00
GainLossOnInvestmentSecurities-5.43M-1.17M1.04M
GainLossOnSaleOfPPE386.00K1.18M1.77M995.53K
NetIncomeFromContinuingOperations-15.57M-77.36M-42.12M-6.54M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for BAER
Date User Asset Broker Type Position Size Entry Price Patterns