Bridger Aerospace Group Holdings, Inc.
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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.
Mar 31, 2025 · Filed May 9, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands, except per share amounts)
| As ofMarch 31, 2025 | As ofDecember 31, 2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $22,349 | $39,336 |
| Restricted cash | 9,244 | 13,747 |
| Accounts receivable | 10,239 | 5,945 |
| Aircraft support parts | 869 | 857 |
| Prepaid expenses and other current assets | 3,686 | 3,924 |
| Total current assets | 46,387 | 63,809 |
| Property, plant and equipment, net | 184,546 | 183,769 |
| Intangible assets, net | 6,046 | 6,076 |
| Goodwill | 20,888 | 20,749 |
| Other noncurrent assets1 | 17,735 | 16,406 |
| Total assets | $275,602 | $290,809 |
| LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities: | ||
| Accounts payable2 | $6,949 | $5,330 |
| Accrued expenses and other current liabilities | 9,768 | 14,057 |
| Operating right-of-use current liabilities3 | 2,258 | 1,835 |
| Current portion of long-term debt, net of debt issuance costs | 2,222 | 2,170 |
| Total current liabilities | 21,197 | 23,392 |
| Long-term accrued expenses and other noncurrent liabilities | 5,802 | 5,388 |
| Operating right-of-use noncurrent liabilities4 | 7,374 | 6,083 |
| Long-term debt, net of debt issuance costs | 201,857 | 202,469 |
| Total liabilities | 236,230 | 237,332 |
| COMMITMENTS AND CONTINGENCIES | ||
| MEZZANINE EQUITY | ||
| Series A Preferred Stock, $0.0001 par value; 315,789.473684 shares authorized, issued and outstanding at March 31, 2025 and December 31, 2024 | 386,740 | 380,179 |
| STOCKHOLDERS’ DEFICIT | ||
| Common Stock, $0.0001 par value; 1,000,000,000 shares authorized; 54,722,646 shares issued and outstanding at March 31, 2025; 54,209,388 shares issued and outstanding at December 31, 2024 | 6 | 6 |
| Additional paid-in capital | 96,583 | 101,495 |
| Accumulated deficit | (444,777) | (429,239) |
| Accumulated other comprehensive income | 820 | 1,036 |
| Total stockholders’ deficit | (347,368) | (326,702) |
| Total liabilities, mezzanine equity, and stockholders’ deficit | $275,602 | $290,809 |
1 Includes related party operating lease right-of-use assets of $4.8 million and $5.1 million as of March 31, 2025 and December 31, 2024, respectively.
2 Includes related party accounts payable ofzero and $0.1 million as of March 31, 2025 and December 31, 2024, respectively.
3 Includes related party operating lease right-of-use current liabilities of $1.3 million as of March 31, 2025 and December 31, 2024.
4 Includes related party operating lease right-of-use noncurrent liabilities of $3.4 million and $3.8 million as of March 31, 2025 and December 31, 2024, respectively.
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