Filing Flows › Bridger Aerospace Group Holdings (BAER) › Q3 2025
Bridger Aerospace Group Holdings (BAER) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Bridger Aerospace Group Holdings (BAER) reported revenue of $67.9M for the third quarter 2025 (Q3 2025), +5% from a year earlier and +121% from the quarter before. Operating margin was 57.5%, net earnings $34.5M (50.8% of revenue).
Bridger Aerospace Group Holdings, Q3 2025: revenue $67.9M (+5% year over year), operating margin 57.5%, net earnings $34.5M, operating cash flow $41.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $67.9M | +121% | +5% |
| Gross profit | $46.8M | +288% | +13% |
| Operating profit | $39.0M | +606% | +19% |
| Net earnings | $34.5M | 112× | +26% |
| Operating cash flow | $41.0M | 28× | 205× |
| Free cash flow | $34.6M | 67× | — |
What changed
Revenue was $67.9M in Q3 2025, up 5% year over year and up 121% from the previous quarter.
Gross margin was 68.9%, up 4.5 points from a year earlier. Operating profit was $39.0M, a 57.5% margin (up 6.5 points year over year). Of the extra revenue versus a year earlier, 182% reached operating profit, above the 51% margin then. Operating expenses fell 11% while revenue rose 5%. Net earnings were $34.5M, up 26% year over year. The effective tax rate was -2.5%.
Operating cash flow was $41.0M (up 20388% year over year), 119% of net earnings. Non-cash charges added back $8.2M of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $2.8M. Capital expenditures of $6.3M left free cash flow of $34.6M.
Questions
What was Bridger Aerospace Group Holdings' revenue in the third quarter 2025?
Bridger Aerospace Group Holdings (BAER) reported revenue of $67.9M for the third quarter 2025 (Q3 2025), +5% from a year earlier and +121% from the quarter before.
Was Bridger Aerospace Group Holdings profitable in the third quarter 2025?
Operating profit was $39.0M (57.5% of revenue) and net earnings $34.5M.