Bridger Aerospace Group Holdings, Inc.

For the period ended Sep 30, 2025. Filed Nov 7, 2025.

About 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

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, 2025

(In thousands, except share amounts)

Series A Preferred Stock · Common Stock · Additional Paid-in Capital · Accumulated Deficit · Accumulated Other Comprehensive Income · Total Stockholders’ Deficit
Share · Value · Share · Value
Balance at December 31, 2024	315,789	$380,179		54,209,388		$6			$101,495			$(429,239)			$1,036			$(326,702)
Net loss	—	—		—		—			—			(15,538)			—			(15,538)
Foreign currency translation adjustment	—	—		—		—			—			—			(32)			(32)
Unrealized loss on derivative instruments	—	—		—		—			—			—			(184)			(184)
Series A Preferred Stock adjustment to maximum redemptions value	—	6,561		—		—			(6,561)			—			—			(6,561)
Repurchased shares for tax withholding	—	—		(226,860)			—			(342)			—			—			(342)
Stock-based compensation	—	—		760,118		—			1,991			—			—			1,991
Balance at March 31, 2025	315,789	$386,740		54,742,646		$6			$96,583			$(444,777)			$820			$(347,368)
Net income	—		—		—			—			—			308			—			308
Foreign currency translation adjustment	—		—		—			—			—			—			(63)			(63)
Unrealized loss on derivative instruments	—		—		—			—			—			—			(127)			(127)
Series A Preferred Stock adjustment to maximum redemptions value	—		6,636		—			—			(6,636)			—			—			(6,636)
Common Stock issued related to Ignis Acquisition	—		—		617,189			—			1,191			—			—			1,191
Repurchased shares for tax withholding	—		—		(16,909)			—			(32)			—			—			(32)
Stock-based compensation	—		—		148,550			—			1,737			—			—			1,737
Balance at June 30, 2025	315,789		$393,376		55,491,476			$6			$92,843			$(444,469)			$630			$(350,990)
Net income	—		—		—			—			—			34,519			—			34,519
Unrealized loss on derivative instruments	—		—		—			—			—			—			(67)			(67)
Series A Preferred Stock adjustment to maximum redemptions value	—		6,939		—			—			(6,939)			—			—			(6,939)
Repurchased shares for tax withholding	—		—		(10,477)			—			(17)			—			—			(17)
Stock-based compensation	—		—		62,105			—			1,101			—			—			1,101
Balance at September 30, 2025	315,789		$400,315		55,543,104			$6			$86,988			$(409,950)			$563			$(322,393)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT

For the Nine Months Ended September 30, 2024

(In thousands, except share amounts)

Series A Preferred Stock · Common Stock · Additional Paid-in Capital · 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)
Bonuses paid in Class A Common Stock	—		—		(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		BS	$6			$111,288			$(416,394)			$750			$(304,350)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.