Filing Flows › Bridger Aerospace Group Holdings (BAER) › Q1 2026
Bridger Aerospace Group Holdings (BAER) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Bridger Aerospace Group Holdings (BAER) reported revenue of $8.5M for the first quarter 2026 (Q1 2026), -46% from a year earlier and -0.4% from the quarter before. Operating margin was -367.4%, net loss $31.3M (367.8% of revenue).
Bridger Aerospace Group Holdings, Q1 2026: revenue $8.5M (-46% year over year), operating margin -367.4%, net loss $31.3M, operating cash flow −$21.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.5M | -0.4% | -46% |
| Operating profit | −$31.3M | — | — |
| Net earnings | −$31.3M | — | — |
| Operating cash flow | −$21.1M | — | — |
What changed
Revenue was $8.5M in Q1 2026, down 46% year over year and roughly flat from the previous quarter.
Operating costs exceeded revenue by $31.3M, an operating margin of -367.4%. Total costs grew 54% against a revenue fall of 46%. The fastest-growing cost line was SG&A (+95%). The quarter ended with a net loss of $31.3M, wider than the previous quarter's $15.1M loss.
Operating cash flow was −$21.1M. Non-cash charges added back $2.0M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items added $5.7M. Capital expenditures of $5.7M exceeded it, leaving free cash flow of −$26.8M.
Questions
What was Bridger Aerospace Group Holdings' revenue in the first quarter 2026?
Bridger Aerospace Group Holdings (BAER) reported revenue of $8.5M for the first quarter 2026 (Q1 2026), -46% from a year earlier and -0.4% from the quarter before.
Was Bridger Aerospace Group Holdings profitable in the first quarter 2026?
Operating loss was $31.3M (-367.4% of revenue) and net loss $31.3M.