Growth & profitability
- Revenue has grown 38.3% per year over the past 3 years.
Financial health
- Total debt ($222M) exceeds cash ($31M); net debt is $191M.
- Total debt has grown slower than revenue (2.3% vs 38.3% per year).
BAER Financials Bridger Aerospace Group Holdings, Inc.
4 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $123M | $4M | 42.1% | 0.0% | -1.2% | 1.3% | -$64M | $222M | $31M |
| 2024 | $99M | -$16M | 41.7% | 5.4% | 4.8% | -5.4% | $5M | $208M | $39M |
| 2023 | $67M | -$77M | 38.0% | -86.2% | 23.6% | -28.3% | -$48M | $211M | $23M |
| 2022 | $46M | -$42M | 27.0% | -48.8% | 10.2% | -13.8% | -$36M | $208M | $30M |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $30M | -$498000 | 37.1% | 0.0% | 0.1% | -0.2% | -$18M | $236M | $7M |
| Mar '26 | $9M | -$31M | -100.3% | 0.0% | 8.2% | -10.0% | -$27M | $219M | $9M |
| Dec '25 | $9M | -$15M | -65.1% | 0.0% | 4.4% | -4.6% | -$78M | $222M | $31M |
| Sep '25 | $68M | $35M | 68.9% | 57.5% | -10.7% | 11.1% | $35M | $203M | $55M |
| Jun '25 | $31M | $308000 | 39.2% | 18.0% | -0.1% | 0.1% | $515000 | $204M | $17M |
| Mar '25 | $16M | -$16M | -10.0% | -64.9% | 4.5% | -5.6% | -$21M | $204M | $22M |
| Dec '24 | $16M | -$13M | 1.2% | -48.0% | 3.9% | -4.4% | $11M | $208M | $39M |
| Sep '24 | $65M | $27M | 64.3% | 50.9% | -9.0% | 8.9% | $22M | $205M | $33M |
| Jun '24 | $13M | -$10M | 24.2% | -36.5% | 3.0% | -3.5% | -$4M | $206M | $9M |
| Mar '24 | $6M | -$20M | -67.2% | -278.0% | 5.8% | -8.0% | -$24M | $206M | $7M |
| Dec '23 | $1M | -$31M | -586.8% | -2336.2% | 9.5% | -11.4% | $12M | $211M | $23M |
| Sep '23 | $54M | $17M | 70.2% | 42.1% | -5.9% | 6.0% | $6M | $207M | $19M |
| Jun '23 | $12M | -$19M | 9.5% | -121.2% | 6.0% | -7.5% | -$18M | $208M | $845000 |
| Mar '23 | $365000 | -$45M | -1885.8% | -10989.6% | 14.6% | -17.1% | -$48M | $208M | $2M |
| Dec '22 | $1M | -$17M | -378.1% | -961.8% | 4.1% | -5.6% | -$4M | $208M | $30M |
| Sep '22 | $32M | -$6M | 61.1% | 5.5% | 1.4% | -1.8% | -$16M | — | $56M |
| Jun '22 | $13M | -$5M | 26.1% | -18.8% | 1.2% | -1.5% | -$5M | — | $117M |
| Mar '22 | $69292 | -$15M | -9320.0% | -16306.8% | 14.4% | — | -$10M | — | $4M |
Valuation over time
How the market has priced BAER against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 25.8× (Dec '25) to 15.6× (Sep '26).
- The price-to-sales ratio has fallen from 5.8× (Mar '23) to 0.5× (Sep '26).
P/E
P/S
Frequently asked questions
Is BAER growing its revenue and profit?
Over the past 3 years, Bridger Aerospace Group Holdings, Inc.'s revenue has grown 38.3% per year. These are computed facts, not advice.
How much debt does BAER have?
As of FY2025, Bridger Aerospace Group Holdings, Inc. reported $222M of total debt against $31M of cash.
What is BAER's profit margin?
In FY2025, gross margin was 42.1%, operating margin —, and net margin 3.4%.
What is BAER's P/E ratio?
As of Sep '26, Bridger Aerospace Group Holdings, Inc. traded at a price-to-earnings ratio of about 15.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.