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.