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Bridger Aerospace Group Holdings cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$18.5M in Q2 2026 · −$89.0M over twelve months

Operating cash flow−$15.7M
Capital spending−$2.8M
Free cash flow−$18.5M

Analysis

In Q2 2026, Bridger Aerospace Group Holdings generated −$15.7M of operating cash flow and spent $2.8M on capital projects, leaving free cash flow of −$18.5M. That is $19.0M less than in Q2 2025 ($515K).

Over the twelve months to Jun 30, 2026, operating cash flow was −$3.9M; the largest uses were capital spending ($85.2M), operating cash flow ($3.9M), other financing ($3.8M); besides operations, cash came from other investing ($45.4M), net borrowing (+) / repaid (−) ($23.5M); the cash balance fell by $23.6M.

Operating cash flow was −$15.7M against net income of −$498K. The largest differences: receivables −$13.7M, depreciation & amortization +$4.8M, prepaid and other assets −$2.1M.

Free cash flow

Bridger Aerospace Group Holdings: free cash flow by quarterBridger Aerospace Group Holdings: free cash flow by quarter−$951KQ3 2024$11.2MQ4 2024−$21.0MQ1 2025$515KQ2 2025$34.6MQ3 2025−$78.4MQ4 2025−$26.8MQ1 2026−$18.5MQ2 2026
Operating cash flow less capital spending.
Bridger Aerospace Group Holdings: operating cash flow against capital spendingBridger Aerospace Group Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$200K$1.2MQ3 2024$12.2M$985KQ4 2024−$17.7M$3.3MQ1 2025$1.4M$926KQ2 2025$41.0M$6.3MQ3 2025−$8.0M$70.4MQ4 2025−$21.1M$5.7MQ1 2026−$15.7M$2.8MQ2 2026
Latest (Q2 2026): Operating cash flow −$15.7M, Capital spending $2.8M.

Capital allocation, year by year

Bridger Aerospace Group Holdings: where the cash came from (up) and went (down), by fiscal yearBridger Aerospace Group Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingFY2022: Operating cash flow −$9.9MFY2022: Net borrowing −$2.0MFY2022: Asset sales $286KFY2022: Capital spending −$25.6M$286KFY2022FY2023: Operating cash flow −$26.8MFY2023: Net borrowing −$2.2MFY2023: Asset sales $817KFY2023: Capital spending −$20.7M$817KFY2023FY2024: Operating cash flow $9.4MFY2024: Net borrowing −$3.0MFY2024: Shares issued $168KFY2024: Asset sales $649KFY2024: Capital spending −$4.1M$10.2MFY2024FY2025: Operating cash flow $16.7MFY2025: Net borrowing $9.3MFY2025: Asset sales $976KFY2025: Capital spending −$80.9M$27.0MFY2025
Over these 4 years operating cash flow totalled −$10.6M; the largest uses were capital spending ($131M) and operating cash flow ($36.7M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$7.2M
Debt$222M
Net debt$215M
Due within a year$2.8M
Cash runway1 month

Bridger Aerospace Group Holdings is burning cash: its operations consume cash, a free cash flow of −$89.0M a year at the current rate against $7.2M of cash and investments: a runway of about 1 month; $2.8M of debt also comes due within a year, which would need refinancing or new money before any new financing.

Bridger Aerospace Group Holdings: debt maturities by year (FY2025)Bridger Aerospace Group Holdings: debt maturities by year (FY2025)$2.8MYear 1$4.4MYear 2$2.2MYear 3$2.2MYear 4$211MYear 5
Principal due in each year as disclosed in the annual report, against $7.2M of cash and investments now.

Where the cash came from and went

Bridger Aerospace Group Holdings: sources (+) and uses (−) of cash, Q2 2026Bridger Aerospace Group Holdings: sources (+) and uses (−) of cash, Q2 2026Operating cash flow−$15.7MOther financing$13.9MNet borrowing (+) / repaid (−)$3.3MCapital spending−$2.8MCash drawn (+) / kept (−)$1.8MOther investing−$442KExchange rates−$48K
Bridger Aerospace Group Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Bridger Aerospace Group Holdings: sources (+) and uses (−) of cash, TTM to Q2 2026Capital spending−$85.2MOther investing$45.4MCash drawn (+) / kept (−)$23.6MNet borrowing (+) / repaid (−)$23.5MOperating cash flow−$3.9MOther financing−$3.8MExchange rates$334KAsset & business sales$3K

From profit to cash

Bridger Aerospace Group Holdings: net income to operating cash flow, Q2 2026Bridger Aerospace Group Holdings: net income to operating cash flow, Q2 2026Net income−$498KDepreciation & amortization$4.8MStock-based pay−$655KReceivables−$13.7MPayables−$1.4MDeferred revenue−$182KContract assets−$779KPrepaid and other assets−$2.1MOperating cash flow−$15.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 2026−$15.7M−$2.8M$3.3M—$1.8M−$18.5M
Q1 2026−$21.1M−$5.7M$5.3M—$22.4M−$26.8M
Q4 2025−$8.0M−$70.4M−$208M—$33.0M−$78.4M
Q3 2025$41.0M−$6.3M−$830K—−$33.5M$34.6M
Q2 2025$1.4M−$926K−$819K—$720K$515K
Q1 2025−$17.7M−$3.3M−$817K—$21.5M−$21.0M
Q4 2024$12.2M−$985K−$761K−$9.0M−$10.5M$11.2M
Q3 2024$200K−$1.2M−$751K—−$20.0M−$951K

Bridger Aerospace Group Holdings: income statement and cash flow

Bridger Aerospace Group Holdings, Q2 2026: revenue $30.5M (-0.8% year over year), operating margin -1.6%. The chart follows the revenue to costs, profit and cash.

Bridger Aerospace Group Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.