Bridger Aerospace Group Holdings, Inc. Common Stock
Severe listing-compliance risk
The share price is below $1 and the stored reverse-split/listing-risk level is HIGH. No verified reverse-split authorization or announced reverse split is currently recorded. This is a risk signal, not confirmation that Nasdaq has issued a deficiency notice.
BAER · Price history
Price at last available close
$0.47
−$0.28 (-38.00%) 1M
2026-10-27
Tap or drag sideways to inspect a price. Use two fingers to compare automatically. Release to scroll. Use Shift + arrow keys to compare with a keyboard.
Company & revenue
About Bridger Aerospace Group Holdings, Inc. Common Stock
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
Bridger Aerospace Group Holdings, LLC, established in 2014, specializes in delivering aerial services for wildfire management and suppression to various U. S. state government entities.
How they make money
Bridger Aerospace generates revenue primarily through aerial firefighting services, including wildfire suppression, surveillance, and relief operations. The company operates under long-term contracts with government agencies, providing specialized aircraft and flight crews to support wildfire management efforts across the United States.
Products & services
Aerial firefighting services, wildfire surveillance, airframe modification, and integration solutions.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
Customer concentration
The company relies on a limited number of federal and state government agencies for the majority of its revenue, as disclosed in the 2025 annual report.
Suppliers, materials & equipment
- Longview Aviation Services (LAS) — Supplier of Super Scooper aircraft.Source
Business relationships & partnerships
- Viking Air Limited — Commercial agreement for the purchase of Super Scooper aircraft.Source
Competitors
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt is at least one year of revenue
Debt is large relative to the company's recent revenue base. Review maturity dates, borrowing terms and whether available liquidity can support the obligation.
Interest coverage is below 2x
Reported earnings provide limited coverage of interest expense. Review the underlying interest and operating-income figures because weak coverage can increase refinancing and liquidity risk.
Free cash flow is negative
The latest reported period did not generate positive free cash flow. Check whether the cash use reflects development investment, working capital or continuing operating losses.
Cash covers less than 20% of total debt
Cash on hand is small relative to reported debt. Compare unrestricted cash, debt maturities and expected financing needs rather than treating the ratio alone as a default prediction.
Quarterly net income turned from a profit to a loss versus the same quarter last year.
Identify the causes in the interim report and distinguish operating cash use from accounting charges. Prior profitability is not a guarantee of recovery.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
27
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
35
Poor
Financial Strength
24
Business Quality / Moat
83
Management
17
Growth Quality
25
Risk / Durability
2
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
25
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
37/100
Building Historical Record
Model Score 37/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
Reverse-split / listing-compliance risk: HIGH
This is a risk signal, not a prediction. It is separate from Wall Street Score and does not change the company score. It looks for listing-pressure signals such as prolonged Nasdaq trading below $1, very low share price, micro-cap size, negative free cash flow, and verified recent reverse splits.
Risk indicator: 55/100
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Asset quality scores strongly
- •High debt risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for BAER
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving BAER's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can BAER fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is BAER's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for BAER to reach sustainable profitability?
- •What future growth or profitability would be needed to justify BAER's current valuation?
Essential Investment Snapshot
Wall Street Score
27
Opportunity Score
25
Market Cap
$27.4M
P/E Ratio
-1.0
EPS
$-0.72
52-Week High
$3.44
52-Week Low
$0.54
Beta
0.35
Analyst Target
$4.00
Shares Outstanding
54.3M
Total Revenue
$115.4M
Total Debt
$267.9M
Dividend
No current dividend
Liquidation Value / Share
$0.63
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
High movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for BAER
Detected from reported data — verify before acting.High debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on BAER.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Long-term government contracts.
- +Specialized next-generation aircraft fleet.
Potential downside factors
- −Debt risk (high): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
26
Sep 9, 2026
Change
+1.1
points
Current Score
27
Oct 1, 2026
Category Changes
BAER increased 1.1 points because Asset improved by 10.1 points.
Positive Contributors
- + Asset improved by 10.1 points
Projected Score
Projected Score
22
Projected Change
-4.6 points
Preliminary comparable-period financial changes suggest decline of approximately 4.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$0.47
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $115.4M | $122.8M | $98.6M | $66.7M | ···· | ···· | ···· |
| Cost of Revenue | $71.5M | $71.1M | $57.5M | $41.3M | ···· | ···· | ···· |
| Gross Profit | $44.0M | $51.7M | $41.1M | $25.4M | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· |
| SG&A Expenses | $43.2M | $36.3M | $35.8M | $82.9M | ···· | ···· | ···· |
| Operating Expenses | $43.2M | $36.3M | $35.8M | $82.9M | ···· | ···· | ···· |
| EBITDA | $27.9M | $42.7M | $24.8M | -$43.4M | ···· | ···· | ···· |
| Operating Income | $771K | $15.4M | $5.3M | -$57.5M | ···· | ···· | ···· |
| Interest Expense | $24.5M | $23.3M | $23.7M | $23.2M | ···· | ···· | ···· |
| Income Before Tax | -$13.1M | $3.9M | -$16.3M | -$77.7M | ···· | ···· | ···· |
| Income Tax Expense | -$625K | -$215K | -$762K | -$302K | ···· | ···· | ···· |
| Net Income | -$12.4M | $4.1M | -$15.6M | -$77.4M | ···· | ···· | ···· |
| Basic EPS | $-0.72 | $-0.42 | $-0.81 | $-1.71 | ···· | ···· | ···· |
| Basic Shares | 56.44M | 54.28M | 50.52M | 45.27M | ···· | ···· | ···· |
| Diluted Shares | 56.44M | 54.28M | 50.52M | 78.91M | ···· | ···· | ···· |
Earnings Summary
Revenue
$30.5M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.13
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+26.0%
Cash Change
-57.5%
Margin Change
-2.6 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included EPS growth. Pressure indicators included revenue growth, cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 0.8%. EPS increased 8.3%. Cash declined 57.5%. Total debt increased 26.0%. Net income margin declined by 2.6 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Security & Protection ServicesNews
Bridger Aerospace Awarded 220-day Department of the Interior Task Order for 2027 with Multi-Mission King Air 350
Bridger Aerospace Targets Growth as Super Scooper Demand Outstrips Supply
Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Receives Consensus Recommendation of “Hold” from Analysts
Bridger Aerospace and OroraTech Advance Integration of Space-Based Data into IGNIS for Centralized Wildfire Intelligence
Rumor Mill · BAER
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
Related Stock Research
Continue researching this company with related Wall Street Score rankings and investing guides.
Score Alerts
Premium unlocks alerts when a score rises, falls, or reaches your target price.
Start 7-Day Free TrialPortfolio Score
Premium unlocks portfolio scoring, strongest and weakest holdings, and overall margin of safety.
Start 7-Day Free Trial