Bridger Aerospace Posts $30.5M in Q2 Revenue and Reaffirms Full-Year Outlook

summarizeSummary

Bridger Aerospace posted Q2 2026 revenue of $30.5 million, essentially flat year-over-year, alongside a net loss of $(0.5) million and Adjusted EBITDA of $8.1 million. The company reaffirmed its full-year guidance of $135–$145 million in revenue and $55–$60 million in Adjusted EBITDA, but cash reserves slipped to $7.2 million.

check_boxKey Events · Earnings and Guidance · BAER

• Q2 Revenue Flat, Net Loss Swings Negative

  Revenue came in at $30.5 million, essentially flat compared with $30.8 million in Q2 2025. The bottom line swung to a net loss of $(0.5) million from net income of $0.3 million a year ago, pressured by higher interest expense and lower gross margins.

• Adjusted EBITDA Declines to $8.1M

  Adjusted EBITDA dropped to $8.1 million from $10.8 million in Q2 2025, reflecting higher operating costs and a non-cash warrant fair value adjustment.

• Cash Reserves Drop to $7.2M

  Cash and cash equivalents fell to $7.2 million as of June 30, 2026, down from $31.4 million at year-end 2025, driven by seasonal working capital usage and the timing of customer receipts.

• Full-Year Guidance Reiterated

  Management reaffirmed its 2026 guidance, targeting revenue of $135–$145 million (14% growth at the midpoint) and Adjusted EBITDA of $55–$60 million (27% growth at the midpoint), implying a significant ramp in the second half.

auto_awesomeAnalysis · BAER · Trade & Services

Bridger Aerospace's Q2 results met expectations but revealed a shift to a net loss and a pullback in Adjusted EBITDA. Despite this, management reiterated its full-year guidance, underscoring confidence in the second half even as cash reserves dwindled to $7.2 million. The report lands amid escalating wildfire activity and fresh contract wins, yet the cash burn and a stock price hovering near its 52-week low cast doubt on liquidity and operational staying power should the wildfire season fall short.