--- title: "BRIDGER AEROSPACE GROUP HOLDIGS INC C/WTS 24/01/2028 (TO PUR COM) | 8-K: FY2026 Q2 Revenue: USD 30.49 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295148607.md" datetime: "2026-08-06T21:41:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295148607.md) - [en](https://longbridge.com/en/news/295148607.md) - [zh-HK](https://longbridge.com/zh-HK/news/295148607.md) generator: "portal-rs" --- # BRIDGER AEROSPACE GROUP HOLDIGS INC C/WTS 24/01/2028 (TO PUR COM) | 8-K: FY2026 Q2 Revenue: USD 30.49 M Revenue: As of FY2026 Q2, the actual value is USD 30.49 M. EPS: As of FY2026 Q2, the actual value is USD -0.13. EBIT: As of FY2026 Q2, the actual value is USD 6.104 M. ### Second Quarter 2026 Financial Highlights #### Revenue Bridger Aerospace Group Holdings, Inc. reported second quarter 2026 revenue of $30.5 million, a 1% decrease compared to $30.8 million in the prior-year period. Excluding non-recurring return-to-service work, second quarter 2026 revenue increased by 16% to $29.7 million, up from $25.7 million in the second quarter of 2025. For the six months ended June 30, 2026, revenues were $39.0 million, a decrease from $46.4 million for the same period in 2025. #### Net Income/Loss Net loss for the second quarter of 2026 was - $0.5 million, compared to a net income of $0.3 million in the second quarter of 2025. For the six months ended June 30, 2026, the company reported a net loss of - $31.8 million, compared to a net loss of - $15.2 million for the six months ended June 30, 2025. #### Adjusted EBITDA Adjusted EBITDA for the second quarter of 2026 was $8.1 million, down from $10.8 million in the second quarter of 2025. For the six months ended June 30, 2026, Adjusted EBITDA was - $6.3 million, compared to $5.7 million for the same period in 2025. #### Cost of Revenues Cost of revenues was $19.2 million in the second quarter of 2026, compared to $18.7 million in the second quarter of 2025, including $0.8 million from non-recurring return-to-service work in Q2 2026, down from $4.8 million in Q2 2025. Excluding non-recurring costs, cost of revenues increased by 32%, primarily due to increased aircraft depreciation, fuel expense, and workforce costs. Total cost of revenues for the six months ended June 30, 2026, was $36.2 million, slightly up from $35.9 million in the prior-year period. #### Gross Income Gross income for the three months ended June 30, 2026, was $11.3 million, a decrease from $12.1 million in the same period of 2025. For the six months ended June 30, 2026, gross income was $2.8 million, a significant decrease from $10.5 million in the prior-year period. #### Selling, General and Administrative Expenses (SG&A) SG&A expenses were $5.3 million in the second quarter of 2026, a decrease from $6.5 million in the second quarter of 2025, primarily due to changes in the fair value of warrants, stock-based compensation, and contingent consideration. For the six months ended June 30, 2026, SG&A expenses increased to $22.0 million from $15.1 million in the same period of 2025. #### Interest Expense Interest expense for the second quarter of 2026 was $6.6 million, up from $5.7 million in the second quarter of 2025. For the six months ended June 30, 2026, interest expense was $12.8 million, an increase from $11.5 million in the prior-year period. #### Cash and Cash Equivalents As of June 30, 2026, cash and cash equivalents were $7.2 million, a decrease from $31.4 million as of December 31, 2025, reflecting seasonal working capital usage and the timing of customer receipts. #### Cash Flows from Operating Activities Net cash used in operating activities for the six months ended June 30, 2026, was - $36.8 million, compared to - $16.2 million used in the prior-year period. #### Cash Flows from Investing Activities Net cash used in investing activities for the six months ended June 30, 2026, was - $9.2 million, up from - $3.9 million used in the prior-year period, driven by purchases and improvements of property, plant, and equipment. #### Cash Flows from Financing Activities Net cash provided by financing activities for the six months ended June 30, 2026, was $22.0 million, a significant change from - $2.0 million used in the prior-year period, primarily due to drawdowns from revolving credit facilities and delayed draw term loans. ### Operational Metrics / Unique Metrics Bridger Aerospace secured two 160-day U.S. Forest Service task orders for four Super Scoopers, representing at least $30 million in guaranteed standby revenue for the 2026 fire season and extending operations into the fourth quarter. The company was also awarded a 112-day U.S. Department of the Interior task order for its King Air 350 and secured a $58 million contract with Texas A&M Forest Service for three King Air 360 aircraft. Additionally, Bridger Aerospace entered into a lease agreement with Avincis, deploying two Super Scoopers to Portugal for its first revenue-generating operations in Europe. ### Business Outlook / Guidance Bridger Aerospace reiterated its full-year 2026 guidance, expecting revenue to be between $135 million and $145 million, representing 14% growth at the midpoint. This guidance reflects 29% growth when excluding revenue from 2025 return-to-service work. Adjusted EBITDA is projected to be between $55 million and $60 million, representing 27% growth at the midpoint of the range. ### Related Stocks - [BAERW.US](https://longbridge.com/en/quote/BAERW.US.md) ## Related News & Research - [Wall Street Zen Downgrades Bridger Aerospace Group (NASDAQ:BAER) to Sell](https://longbridge.com/en/news/298788506.md) - [Bridger Aerospace Group (NASDAQ:BAER) Announces Quarterly Earnings Results, Misses Expectations By $0.10 EPS](https://longbridge.com/en/news/295288698.md) - [CARNIVAL TROPICALE RESERVATIONS NOW OPEN, SETTING SAIL FROM GALVESTON IN 2028](https://longbridge.com/en/news/298752389.md) - [HPS/PayMedix Named a 2026 Best and Brightest Company to Work For](https://longbridge.com/en/news/298358823.md) - [2026 Pegasus Awards Celebrate Poetry's Range](https://longbridge.com/en/news/298590523.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**