Bridger Aerospace Group Holdings, Inc.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
View on SEC.govAbout this filing
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, 2025 · Filed Nov 7, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(In thousands, except per share amounts)
| For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues1 | $67,886 | $64,507 | $114,283 | $83,028 |
| Cost of revenues: | ||||
| Flight operations | 12,118 | 15,122 | 26,226 | 25,237 |
| Maintenance | 9,015 | 7,879 | 30,814 | 16,837 |
| Total cost of revenues | 21,133 | 23,001 | 57,040 | 42,074 |
| Gross income | 46,753 | 41,506 | 57,243 | 40,954 |
| Selling, general and administrative expense2 | 7,723 | 8,641 | 22,837 | 28,153 |
| Operating income | 39,030 | 32,865 | 34,406 | 12,801 |
| Interest expense3 | (5,802) | (5,989) | (17,274) | (17,766) |
| Other income | 451 | 470 | 1,750 | 1,773 |
| Income (loss) before income taxes | 33,679 | 27,346 | 18,882 | (3,192) |
| Income tax benefit | 840 | — | 407 | 470 |
| Net income (loss) | $34,519 | $27,346 | $19,289 | $(2,722) |
| Series A Preferred Stock - adjustment to maximum redemptions value | (6,939) | (6,476) | (20,136) | (18,861) |
| Earnings (loss) attributable to Common stockholders - basic | $27,580 | $20,870 | $(847) | $(21,583) |
| Dilutive adjustments to Earnings (loss) attributable to Common stockholders - basic | 6,939 | 6,476 | — | — |
| Earnings (loss) attributable to Common stockholders - diluted | $34,519 | $27,346 | $(847) | $(21,583) |
| Earnings (loss) per share - basic | $0.50 | $0.39 | $(0.02) | $(0.43) |
| Earnings (loss) per share - diluted | $0.37 | $0.31 | $(0.02) | $(0.43) |
| Weighted average Common Stock outstanding - basic | 54,637,414 | 52,934,951 | 54,113,214 | 49,633,387 |
| Weighted average Common Stock outstanding - diluted | 92,112,791 | 87,955,641 | 54,113,214 | 49,633,387 |
1 Includes related party revenues ofzero for the three and nine months ended September 30, 2025, and $0.1 million and $0.2 million for the three and nine months ended September 30, 2024, respectively.
2 Includes related party cost of revenues ofzero and $1.3 million for the three and nine months ended September 30, 2025, respectively, and $0.6 million and $2.0 million for the three and nine months ended September 30, 2024, respectively.
3 Includes related party interest expense ofzero for the three and nine months ended September 30, 2025, and $0.3 million and $0.8 million for the three and nine months ended September 30, 2024, respectively.
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