Filing Flows › Bridger Aerospace Group Holdings (BAER) › Q1 2025
Bridger Aerospace Group Holdings (BAER) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Bridger Aerospace Group Holdings (BAER) reported revenue of $15.6M for the first quarter 2025 (Q1 2025), +184% from a year earlier and +0.4% from the quarter before. Operating margin was -64.9%, net loss $15.5M (99.3% of revenue).
Bridger Aerospace Group Holdings, Q1 2025: revenue $15.6M (+184% year over year), operating margin -64.9%, net loss $15.5M, operating cash flow −$17.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.6M | +0.4% | +184% |
| Operating profit | −$10.2M | — | — |
| Net earnings | −$15.5M | — | — |
| Operating cash flow | −$17.7M | -292% | — |
What changed
Revenue was $15.6M in Q1 2025, up 184% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $10.2M, an operating margin of -64.9%. Total costs grew 24% against revenue growth of 184%. The fastest-growing cost line was Cost of revenue (+87%). The quarter ended with a net loss of $15.5M, wider than the previous quarter's $12.8M loss.
Operating cash flow was −$17.7M. Non-cash charges added back $2.0M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $6.1M. Capital expenditures of $3.3M exceeded it, leaving free cash flow of −$21.0M.
Questions
What was Bridger Aerospace Group Holdings' revenue in the first quarter 2025?
Bridger Aerospace Group Holdings (BAER) reported revenue of $15.6M for the first quarter 2025 (Q1 2025), +184% from a year earlier and +0.4% from the quarter before.
Was Bridger Aerospace Group Holdings profitable in the first quarter 2025?
Operating loss was $10.2M (-64.9% of revenue) and net loss $15.5M.