Bridger Aerospace Group Holdings Inc

For the period ended Sep 30, 2024. Filed Nov 13, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 13, 2024

BAER$0.20-6.0%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Stockholders’ Deficit

For the Nine Months Ended September 30, 2024

Legacy BridgerSeries C PreferredShares / Series APreferred Stock · Common Stock · AdditionalPaid-inCapital · Accumulated Deficit · Accumulated Other Comprehensive Income · Total Stockholders' Deficit
Share · Value · Share · Value
Balance at December 31, 2023	315,789	$354,840		47,200,504		$5		$84,771		$(413,672)		$987		$(327,909)
Net loss	—	—		—		—		—		(20,087)		—		(20,087)
Unrealized gain on derivative instruments	—	—		—		—		—		—		116		116
Reclassification of realized loss on investments in marketable securities to earnings	—	—		—		—		—		—		30		30
Series A Preferred Stock adjustment to maximum redemptions value	—	6,189		—		—		(6,189)		—		—		(6,189)
Sales of Common Stock through the at-the-market offering	—	—		33,798		—		168		—		—		168
Costs related to the at-the-market offering	—	—		—		—		(670)		—		—		(670)
Stock-based compensation	—	—		31,863		—		5,873		—		—		5,873
Balance at March 31, 2024	315,789	$361,029		47,266,165		$5		$83,953		$(433,759)		$1,133		$(348,668)
Net loss	—		—		—		—		—		(9,981)		—		(9,981)
Unrealized loss on derivative instruments	—		—		—		—		—		—		(22)		(22)
Series A Preferred Stock adjustment to maximum redemptions value	—		6,196		—		—		(6,196)		—		—		(6,196)
Sales of Common Stock through the registered direct offering	—		—		2,183,366		—		9,169		—		—		9,169
Costs related to offerings	—		—		—		—		(336)		—		—		(336)
Common Stock issued related to Ignis Acquisition	—		—		1,079,913		—		5,000		—		—		5,000
Common Stock issued related to FMS Acquisition	—		—		3,728,945		1		19,022		—		—		19,023
Repurchased shares for tax withholding	—		—		(114,196)		—		(466)		—		—		(466)
Cancellation of vested restricted stock units	—		—		(2,032,545)		—		—		—		—		—
Stock-based compensation	—		—		1,676,729		—		4,477		—		—		4,477
Balance at June 30, 2024	315,789	$367,225		53,788,377		$6		$114,623		$(443,740)		$1,111		$(328,000)
Net income	—		—		—		—		—		27,346		—		27,346
Unrealized loss on derivative instruments	—		—		—		—		—		—		(361)		(361)
Series A Preferred Stock adjustment to maximum redemptions value	—		6,476		—		—		(6,476)		—		—		(6,476)
Repurchased shares for tax withholding	—		—		(127,800)		—		(228)		—		—		(228)
Stock-based compensation	—		—		332,262		—		3,369		—		—		3,369
Balance at September 30, 2024	315,789		$373,701		53,992,839		$6		$111,288		$(416,394)		$750		$(304,350)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT

For the Nine Months Ended September 30, 2023

Legacy BridgerSeries C PreferredShares / Series APreferred Stock · Common Stock · AdditionalPaid-inCapital · Accumulated Deficit · Accumulated Other Comprehensive Income · Total Stockholders' Deficit
Share · Value · Share · Value
Balance at December 31, 2022	351,789	$489,022		39,081,744		$4		$—		$(415,304)		$1,678		$(413,622)
Net loss	—	—		—		—		—		(44,685)		—		(44,685)
Unrealized loss on derivative instruments	—	—		—		—		—		—		(272)		(272)
Unrealized gain on investments on marketable securities	—	—		—		—		—		—		319		319
Reclassification of realized gain on investments in marketable securities to earnings	—	—		—		—		—		—		(173)		(173)
Effect of the Closing	—	(156,363)		4,687,546		1		52,084		78,956		—		131,041
Series A Preferred Stock adjustment to maximum redemptions value	—	4,274		—		—		(4,274)		—		—		(4,274)
Stock-based compensation	—	—		2,400,354		—		25,597		—		—		25,597
Balance at March 31, 2023	351,789	$336,933		46,169,644		$5		$73,407		$(381,033)		$1,552		$(306,069)
Net loss	—	—		—		—		—		(19,022)		—		(19,022)
Unrealized gain on derivative instruments	—	—		—		—		—		—		204		204
Unrealized loss on investments on marketable securities	—	—		—		—		—		—		(28)		(28)
Reclassification of realized gain on investments in marketable securities to earnings	—	—		—		—		—		—		(208)		(208)
Series A Preferred Stock adjustment to maximum redemptions value	—	5,806		—		—		(5,806)		—		—		(5,806)
Bonuses paid in Class A Common Stock	—	—		736,554		—		4,928		—		—		4,928
Stock-based compensation	—	—		—		—		6,449		—		—		6,449
Balance at June 30, 2023	351,789	$342,739		46,906,198		$5		$78,978		$(400,055)		$1,520		$(319,552)
Net income	—		—		—		—		—		17,488		—		17,488
Foreign currency translation adjustment	—		—		—		—		—		—		(43)		(43)
Unrealized gain on derivative instruments	—		—		—		—		—		—		180		180
Unrealized loss on investments on marketable securities	—		—		—		—		—		—		(13)		(13)
Reclassification of realized gain on investments in marketable securities to earnings	—		—		—		—		—		—		(101)		(101)
Series A Preferred Stock adjustment to maximum redemptions value	—		6,048		—		—		(6,048)		—		—		(6,048)
Bonuses paid in Class A Common Stock	—		—		426,531		—		3,242		—		—		3,242
Stock-based compensation	—		—		—		—		6,605		—		—		6,605
Balance at September 30, 2023	351,789		$348,787		47,332,729		$5		$82,777		$(382,567)		$1,543		$(298,242)

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