bridger aerospace stock

Bridger Aerospace Group Holdings profile

Q: Where can I research Bridger Aerospace Group Holdings directly?

Go to the primary sources: StockTitan: Bridger news feed , SEC EDGAR search . Avoid aggregator summaries when the filing itself is available.

By Jonathan Tauzerus · reviewed against primary sources · updated October 9, 2026.

Bridger Aerospace Group Holdings is a publicly traded aviation services company headquartered in Belgrade that provides aerial firefighting, wildfire management, and specialty aviation services to federal and state agencies, including the U.S. Forest Service, and to customers outside the U.S.

What Bridger Aerospace Group Holdings does

Bridger Aerospace Group Holdings provides aerial firefighting, wildfire management and specialty aviation services to federal and state agencies, including the U.S. Forest Service, and to customers outside the U.S. Bridger Aerospace Group Holdings trades on Nasdaq under ticker BAER with warrants listed under BAERW. Bridger's business is crewed aviation services and data, not military drones. For drone makers, see the list of military drone companies. It is relevant to drone-and-defense research as a small-cap aerospace name with multi-mission surveillance aircraft and a wildfire data platform. Revenue includes standby revenue under U.S. Forest Service task orders. Wildfire revenue is seasonal, which is why Q1 and Q2 look so different. In the first quarter of 2026, the company generated $8.5 million in revenue, posted a net loss of $31.3 million, and negative adjusted EBITDA of $14.5 million, with cash of $9.0 million at March 31, 2026. In Q2 2026, released August 6, revenue was $30.5 million, a net loss of $0.5 million versus prior-year net income of $0.3 million, and adjusted EBITDA of $8.1 million versus $10.8 million. Revenue was down 1% from $30.8 million a year earlier, or up 16% to $29.7 million excluding non-recurring return-to-service work. Cash reserves stood at $7.2 million at June 30, 2026, down from $31.4 million at year-end 2025. Full-year 2026 guidance was reiterated at revenue of $135 million to $145 million and adjusted EBITDA of $55 million to $60 million. On May 11, 2026, Bridger announced two 160-day U.S. Forest Service task orders for four CL-415EAF Super Scooper aircraft starting May 8, representing at least $30 million in 2026 standby revenue and raising guaranteed flying days from 120 to 160 per aircraft versus last year. In international operations, Bridger leased two CL-215T Super Scoopers to Avincis on July 23, 2026, for wildfire suppression in Portugal through mid-October, marking its first revenue-generating deployment in Europe. On July 16, 2026, Bridger announced a 112-day U.S. Department of the Interior task order running through the end of October for a King Air 350 based in Bozeman, Montana. This aircraft features Blackhawk engine upgrades, Garmin avionics, dual-sensor systems, Wide Area Motion Imagery, and an MX-15 electro-optical/infrared sensor. On July 27, 2026, Bridger announced a $58 million, three-year contract with Texas A&M Forest Service to acquire, modify and deliver three King Air 360 multi-mission aircraft, with modifications in Texas with OEM Textron Aviation. It is part of a broader $257 million state appropriation (HB500) for wildfire suppression aircraft. IGNIS is Bridger's mobile wildfire operations platform used by state, federal, county and municipal agencies. On July 20, 2026 a partnership with TracPlus added real-time aircraft position and drop-event data, covering about 2,500 wildfire suppression aircraft. On September 3, 2026 a partnership with OroraTech USA added satellite-derived detection, thermal mapping and fire spread predictions; a pilot on the Grasshopper Fire near Oregon's Mount Hood produced an accurate forecast of fire progression. Bridger is micro-cap and thinly capitalized; verify listing standing in SEC EDGAR filings.

The product lines that define the company for research purposes:

CL-415EAF Super Scooper
CL-215T Super Scooper
King Air 350 Multi-Mission Aircraft
King Air 360 Multi-Mission Aircraft
IGNIS mobile wildfire operations platform

This profile is qualitative by design. It carries no share price, no price target, no valuation multiple, and no rating — those change faster than any page can honestly track, and the filings linked below are the authoritative source for them.

Bridger Aerospace Group Holdings drone lineup

The current public product record does not identify a complete aircraft lineup.

No complete-aircraft offering is catalogued for this company; it is tracked here as an unmanned-systems enabler.

Statuses are editorial classifications from the company’s current public catalog: active means currently presented for sale, delivery, or program work; development means publicly disclosed but not a mature production offering; legacy means retained for historical or installed-fleet coverage.

Recent contracts & awards

A dated log of the specific contracts, orders, funding, and deployments reported for Bridger Aerospace Group Holdings, each tied to its primary source. This is a record of what was announced — a "selection", "award", or "partnership" is not the same as obligated money, so read each source before treating a figure as revenue. No figure appears here unless a source reported it.

ContractJul 27, 2026$58 million
Texas A&M Forest Service awards Bridger a $58 million wildfire aviation surveillance program
On July 27, 2026, the Texas A&M Forest Service awarded Bridger a $58 million, three-year contract to acquire, modify, and deliver three King Air 360 multi-mission aircraft for wildfire detection, situational awareness, and Medevac. The project is part of a broader $257 million state appropriation (HB500) for wildfire suppression aircraft, with modifications handled alongside Textron Aviation in Texas. Researchers should verify the aircraft delivery schedule and revenue recognition milestones in primary filings on the SEC EDGAR search database.
StockTitan: Bridger news feed

Where Bridger Aerospace Group Holdings sits in the value chain

Bridger Aerospace Group Holdings is an enabler: it supplies inputs to the companies that build complete systems, so its demand is spread across many platforms instead of concentrated in any single program.

Its disclosed activity spans aerial drones. That placement is the single most useful thing to fix in your head before reading any coverage, because the same headline means different things at different layers: a large platform award is transformative for a pure-play, material but diluted for a diversified contractor, and only indirectly relevant to a component supplier whose exposure arrives later as build-rate demand. Retail coverage routinely applies one story to all three layers at once. For the layer-by-layer comparison across the sector, see the drone stocks research shortlist and the list of publicly traded drone companies.

What to watch

The signals worth tracking are structural, not price-based — they tell you whether the business is changing shape, which is what eventually shows up in the numbers.

Full-year 2026 financial delivery against reiterated corporate guidance of $135 million to $145 million in revenue and $55 million to $60 million in adjusted EBITDA.
Cash was $7.2 million at June 30, 2026, versus $31.4 million at year-end 2025.
Modification and delivery schedule under the $58 million Texas A&M Forest Service King Air 360 contract.
Results from the two CL-215T Super Scoopers leased to Avincis in Portugal, under contract through mid-October.
How agencies use IGNIS following the TracPlus partnership (aircraft position and drop-event data) and the OroraTech USA partnership (satellite-derived detection, thermal mapping, fire spread predictions).

How to research Bridger Aerospace Group Holdings

Every question below has one authoritative source, and using the wrong source is how most retail research goes wrong.

Research question	Where the answer lives	What to look for
How much of this is really drones?	Segment tables in the annual filing	Whether unmanned systems are reported as their own segment or buried inside a larger one.
Is the revenue repeatable?	Revenue-recognition policy and backlog discussion	Recurring sustainment, services, or subscription language versus one-time hardware sales.
Is a win real money?	Official DoD contract announcements	Contract type, awarding command, and whether the amount announced is obligated or a ceiling.
Can the balance sheet fund the plan?	Liquidity discussion and share-count disclosure	Dilution history and cash runway relative to the manufacturing scale-up being promised.

Bridger's results and contract releases are listed on the StockTitan Bridger news feed.
Review official periodic reports, quarterly cash balances, and listing status compliance via the SEC EDGAR search database.
The Forest Service and Department of the Interior task orders and the Texas A&M Forest Service contract were announced in releases listed on the StockTitan Bridger news feed.

One failure mode is worth naming explicitly: a company announcement describing a "selection", "award", or "partnership" is not the same as obligated money, and the two are easy to conflate because they use the same vocabulary. Check the filing before treating either as revenue. Our full approach is documented on the methodology page.

Bridger Aerospace Group Holdings FAQ

What does Bridger Aerospace Group Holdings do?

Bridger Aerospace Group Holdings provides aerial firefighting, wildfire management and specialty aviation services to federal and state agencies, including the U.S.

Is Bridger Aerospace Group Holdings publicly traded?

Bridger Aerospace Group Holdings trades as BAER on Nasdaq. Listing status is not a quality signal, and nothing here is a recommendation to buy or sell it.

What should investors watch with Bridger Aerospace Group Holdings?

Full-year 2026 financial delivery against reiterated corporate guidance of $135 million to $145 million in revenue and $55 million to $60 million in adjusted EBITDA.

Where can I research Bridger Aerospace Group Holdings directly?

Go to the primary sources: StockTitan: Bridger news feed, SEC EDGAR search. Avoid aggregator summaries when the filing itself is available.