Quarterly ResultMay 8, 2026, 04:12 PM
Bridger Aerospace Q1 Revenue $8.51M, Net Loss $(31.30)M; Cash $9.0M
AI Summary
Bridger Aerospace Group Holdings, Inc. reported a significant decline in Q1 2026 revenues and an increased net loss compared to the prior year. Revenues fell to $8.51 million from $15.65 million, while the net loss widened to $(31.30) million from $(15.54) million. The company also experienced a substantial decrease in cash and cash equivalents, dropping from $31.38 million at year-end 2025 to $9.00 million by March 31, 2026.
Key Highlights
- Net loss for Q1 2026 was $(31.30) million, compared to $(15.54) million in Q1 2025.
- Revenues for Q1 2026 decreased to $8.51 million from $15.65 million in Q1 2025.
- Loss per share was $(0.69) for Q1 2026, up from $(0.41) in Q1 2025.
- Cash and cash equivalents decreased to $9.00 million as of March 31, 2026, from $31.38 million at December 31, 2025.
- Net cash used in operating activities was $(21.12) million for Q1 2026, compared to $(17.66) million in Q1 2025.
- Fire suppression revenue decreased to $2.27 million in Q1 2026 from $5.78 million in Q1 2025.
- MRO revenue decreased to $4.65 million in Q1 2026 from $7.89 million in Q1 2025.
- Total liabilities increased to $280.20 million as of March 31, 2026, from $265.64 million at December 31, 2025.