Bridger Aerospace Q2 revenue flat, misses analyst expectations
BAER•Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell".
- Wall Street's median 12-month price target for Bridger Aerospace Group Holdings Inc is $4.50, about 152.8% above its August 5 closing price of $1.78.
Drivers of the quarter
- The company said the revenue decline was primarily due to lower non-recurring return-to-service work compared with the prior year.
- Increased flight hours for Super Scoopers offset some of the decline in non-recurring revenue.
- New and longer task orders from government agencies extended aircraft utilization into Q4.
Quarterly results miss estimates
Bridger Aerospace said Q2 revenue was flat year over year and missed analyst expectations. Q2 adjusted EBITDA also missed analyst expectations.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Miss | $30.5 mln | $37.04 mln (3 Analysts) |
| Q2 Net Loss | $500,000 | $2.37 mln (2 Analysts) | |
| Q2 Adjusted EBITDA | Miss | $8.1 mln | $20.18 mln (3 Analysts) |
2026 outlook reiterated
Bridger Aerospace reiterated 2026 revenue guidance of $135 mln to $145 mln and expects 2026 adjusted EBITDA of $55 mln to $60 mln.
