Bridger Aerospace (BAER)
Provides aerial wildfire suppression, incident coordination, surveillance and aircraft integration services.
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Delivers contracted aerial wildfire suppression, incident coordination, surveillance and aircraft-engineering services, supplemented by mapping software. Revenue is principally tied to U.S. government agencies and a fleet-led operating model, with fire suppression the largest service line.
Operates amphibious Super Scoopers for direct wildfire suppression, Air Attack aircraft for incident coordination, and sensor-equipped Multi-Mission Aircraft for imagery and data transmission. Performs maintenance, return-to-service, modification, flight-testing and airworthiness-certification work, while Ignis supplies mapping and incident-coordination software.
Serves principally U.S. federal and state agencies through exclusive-use contracts, task orders and call-when-needed work. Spanish aircraft work and an Alabama modification business extend operations beyond Montana; aircraft, crews, mission systems and data sit inside a unified service-reporting segment.
Depends on government funding and contract terms, seasonal wildfire activity, scarce amphibious aircraft, specialized pilots and mechanics, and FAA and customer compliance requirements. Eight large amphibious scoopers underpin the direct-suppression line.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $7.2M · Total debt $267.9M · Total assets $324.1M · Shareholders' equity $34.3M
- Revenue
- $30.5M
- Operating income
- $6.0M
- Net income
- −$498.0K
No dividends on record.
| Institutions72 holders · as of Mar 31, 2026 | 37.19% | 21.88M shares | |
| Insiders17 holders · as of Sep 2, 2026 | 23.18% | 13.64M shares | |
| Strategic holders1 holder · as of Aug 13, 2026 | 8.41% | 4.95M shares | |
| Otherremainder | 31.22% | 18.36M shares |
58.83M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Blackstone Inc.Institution | 16.36% | 9.62M | 13Fas of Mar 31, 2026 |
First Manhattan Co. LLC.Institution | 9.80% | 5.76M | 13Fas of Mar 31, 2026 |
Blackstone Holdings I L.P.Strategic10 percent owner | 8.41% | 4.95M | Form 4filed Aug 13, 2026 ↗ |
McAndrew Rudisill1Insiderdirector, 10 percent owner, officer: Chief Investment Officer | 4.22% | 6.12M | 13Gfiled Jun 14, 2024 ↗ |
Jeffrey E. KelterInsiderdirector | 4.11% | 2.42M | Form 4filed Sep 2, 2026 ↗ |
| See all 25 → | |||
- McAndrew Rudisill's transaction reports restate only vehicles that traded; the 2024 ownership statement (6.12M) less the 3.64M net shares sold since is used instead.
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Jeffrey E. Kelter | director | +200,000 | $1.10 |
| Aug 20, 2026 | Jeffrey E. Kelter | director | +150,000 | $1.16 |
| Aug 19, 2026 | Jeffrey E. Kelter | director | +100,000 | $1.20 |
| Aug 11, 2026 | Blackstone Holdings I L.P. | 10 percent owner | −2,778,124 | $1.04 |
| Aug 11, 2026 | Blackstone Holdings II L.P. | 10 percent owner | −2,778,124 | $1.04 |
