Bridger Aerospace Group Holdings Inc (NAS:BAER)

Q2 2026 Bridger Aerospace Group Holdings Inc Earnings Call Transcript

Aug 6, 2026 / 09:00 PM GMT

Release Date Price: $1.69 (-5.06%)

Transcript 10-Q8-K

Key Points

Positve

Bridger Aerospace Group Holdings Inc (BAER) secured two 160-day task orders from the U.S. Forest Service for four Super Scoopers, the longest guaranteed task orders in company history, improving fleet utilization and operational visibility.
The company announced a $58 million contract with Texas A&M Forest Service to acquire, modify, and deliver three King Air 360 aircraft, expanding into non-seasonal, long-term growth avenues.
Bridger Aerospace Group Holdings Inc (BAER) deployed its advanced King Air 350 platform with dual-sensor capability under a Department of the Interior task order, enhancing its intelligence-driven wildfire response capabilities.
The company formed a strategic partnership with TrackPlus to integrate real-time tracking and aerial suppression intelligence into its IGNIS software, strengthening its technology differentiation.
Excluding non-recurring return-to-service work, revenue increased 16% year-over-year, driven by higher Super Scooper flight hours and continued demand for aerial firefighting services.
Bridger Aerospace Group Holdings Inc (BAER) reiterated its full-year 2026 guidance of $135-$145 million in revenue and $55-$60 million in adjusted EBITDA, reflecting confidence in strong growth.
The company maintains significant financial flexibility with approximately $75 million in remaining availability under its credit facility, including a $100 million delayed draw feature for future fleet expansion.

Negative

Bridger Aerospace Group Holdings Inc (BAER) reported a net loss of $0.5 million in Q2 2026, compared to net income of $0.3 million in the prior year period.
Adjusted EBITDA declined to $8.1 million in Q2 2026 from $10.8 million in Q2 2025, impacted by higher operating costs and fleet expansion investments.
Cash and cash equivalents decreased significantly to $7.2 million at the end of Q2 2026 from $31.4 million at year-end 2025, due to seasonal working capital usage and strategic investments.
The late start of the Portugal contract with Vinci resulted in missed revenue expectations in Q2, as European commitments came later than anticipated.
Interest expense increased to $6.6 million in Q2 2026 from $5.7 million in the prior year, due to additional borrowings for fleet expansion and short-term credit facility draws.
The company plans to reposition two Spanish Super Scoopers from Europe to the U.S. after the fire season, indicating uncertainty in European contract renewals.
Cost of revenues increased 32% year-over-year (excluding return-to-service work), reflecting higher operating costs to support increased fleet utilization and readiness.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BAER.OQ - Bridger Aerospace Group Holdings Inc
Q2 2026 Bridger Aerospace Group Holdings Inc Earnings Call
Aug 06, 2026 / 09:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Please stand by. Your meeting is about to begin.

Greetings and welcome to the Bridger Aerospace Second Quarter 2026 Earnings Call. As a reminder, today's call is being recorded. It is now my pleasure to introduce your host, Ann Hayes, CFO.

You may begin.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thank you, and welcome everyone to our second quarter 2026 earnings call. Joining me today is our President and Chief Executive Officer, Sam Davis.

Before we begin, I would like to take this opportunity to remind everyone

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.