Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) Stock
Bridger Aerospace Group Holdings, Inc. Common Stock (BAER) is a Technology stock trading at $1.23 (as of 2026-08-21), with a market capitalization of $72.36M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Bridger Aerospace Group Holdings, LLC offers aerial wildfire management and firefighting services for the U.S. State Governments. The company was founded in 2014 and is based in Belgrade, Montana.
Understand Bridger Aerospace Group Holdings, Inc. Common Stock: how it makes money
Bridger Aerospace provides aerial wildfire management and firefighting services to U.S. state governments, and it also earns revenue from defense mission support operations (including FMS) and related aircraft return to service work.
The profit engine is tied to how much billable deployment and mission work the aircraft can support, net of flight operation and maintenance expenses that sustain that readiness.
Revenue by segment (latest quarter)
Ongoing Defense Support
$0.0B
FMS
$0.0B
Return to Service
$0.0B
Business quality (Weak): This dataset shows very small, effectively zero reported revenue (rounded) alongside sharply negative margins, so investor focus should be on operating metrics tied to deployment and cost control, not on period-over-period margin figures alone.
Bull case
Revenue is linked to measurable aircraft deployment and mission work, including ongoing defense mission support operations and wildfire-related services: This can help investors track operational momentum through deployment-related KPIs like Fleet Deployment.
The company has multiple revenue streams tied to aircraft readiness activities: Beyond ongoing operations, it also reports return to service work on Spanish Super Scoopers.
Bear case
Profitability was sharply negative in the latest reported period: Gross margin and operating margin are both reported as deeply negative (gross_margin_pct -100.3, operating_margin_pct -367.4), indicating costs outweighed revenue.
Reported segment and total revenue are effectively at or near zero in this dataset: With revenue amounts rounding to zero across segment candidates, results may be sensitive to small changes in activity, contract timing, or accounting treatment.
Ongoing readiness costs are a key pressure point: The presence of both Flight Operation Expenses and Maintenance Expenses as operating line items suggests earnings depend on controlling these cost categories.