Filing Flows › Bridger Aerospace Group Holdings (BAER) › Q4 2025
Bridger Aerospace Group Holdings (BAER) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 6, 2026
Bridger Aerospace Group Holdings (BAER) reported revenue of $8.5M for the fourth quarter 2025 (Q4 2025), -45% from a year earlier and -87% from the quarter before. Operating margin was -175.0%, net loss $15.1M (177.2% of revenue).
Bridger Aerospace Group Holdings, Q4 2025: revenue $8.5M (-45% year over year), operating margin -175.0%, net loss $15.1M, operating cash flow −$8.0M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.5M | -87% | -45% |
| Operating profit | −$15.0M | -138% | — |
| Net earnings | −$15.1M | -144% | — |
| Operating cash flow | −$8.0M | -120% | -187% |
What changed
Revenue was $8.5M in Q4 2025, down 45% year over year and down 87% from the previous quarter.
Operating costs exceeded revenue by $15.0M, an operating margin of -175.0%. The quarter ended with a net loss of $15.1M, after a profit of $34.5M the previous quarter.
Operating cash flow was −$8.0M. Non-cash charges added back $1.3M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $3.6M. Capital expenditures of $70.4M exceeded it, leaving free cash flow of −$78.4M.
Questions
What was Bridger Aerospace Group Holdings' revenue in the fourth quarter 2025?
Bridger Aerospace Group Holdings (BAER) reported revenue of $8.5M for the fourth quarter 2025 (Q4 2025), -45% from a year earlier and -87% from the quarter before.
Was Bridger Aerospace Group Holdings profitable in the fourth quarter 2025?
Operating loss was $15.0M (-175.0% of revenue) and net loss $15.1M.