Bridger Aerospace Reports Record 2024 Earnings

Bridger Aerospace Group Holdings, Inc. ( (BAER) ) has released its Q4 earnings. Here is a breakdown of the information Bridger Aerospace Group Holdings, Inc. presented to its investors.

Bridger Aerospace Group Holdings, Inc., based in Belgrade, Montana, is one of the largest aerial firefighting companies in the United States, providing wildfire management services to federal and state agencies both domestically and internationally.

Bridger Aerospace reported record financial results for the fourth quarter and full year 2024, with significant revenue growth and improved financial metrics. The company also initiated guidance for 2025, anticipating continued growth in revenue and adjusted EBITDA.

For 2024, Bridger Aerospace achieved a record revenue of $98.6 million, a 48% increase from the previous year, driven by the deployment of Super Scoopers and surveillance aircraft. The company also reported a significant reduction in net loss, down 80% to $15.6 million, and doubled its adjusted EBITDA to $37.3 million. Additionally, Bridger secured a five-year, $20.1 million contract with the U.S. Department of the Interior to support Alaska.

Looking ahead, Bridger Aerospace expects revenue to grow to between $105 million and $111 million in 2025, with adjusted EBITDA projected to increase by 20% at the midpoint of the range. The company aims to capitalize on year-round wildfire activity and further diversify its revenue streams through strategic contracts and acquisitions.

Bridger Aerospace’s management remains optimistic about the company’s future, focusing on expanding operations and enhancing its financial performance through strategic initiatives and increased deployment of its aircraft fleet.