Latest revenue
$8.5M
as of 2026-03-31
Latest net income
$-31.3M
as of 2026-03-31
Net margin
-367.8%
as of 2026-03-31
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Services-Business Services, NEC (109 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 6, 2026.
Community sentiment
Where do you think BAER is heading?
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $109.2M
- Enterprise value
- $319.0M
- P/E (trailing)
- 2.0×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $3.44
- 52-wk low
- $1.47
- Beta
- —
- Shares out
- 57.6M
5-year trend
dashed bar = fiscal Q4 derived from 10-K annual − Q1 − Q2 − Q3 (SEC requires only three 10-Qs per year).
What this company does
ITEM 1. BUSINESS. Business Overview Bridger provides aerial wildfire surveillance, relief and suppression, and aerial firefighting services using next-generation technology and environmentally friendly and sustainable firefighting methods primarily throughout the United States, as well as airframe modification and integration solutions for governmental and commercial customers. Our mission is to deploy the most advanced technologies in aviation to protect lives, property, critical infrastructure, and the environment, delivering these capabilities where they are needed most, from wildfire response to defense and beyond. Through innovation and the use of advanced technology and software,…
AI summary unavailable — showing raw filing excerpt
Generated from BAER's filing dated 2026-03-06
Key risks
ITEM 1A. RISK FACTORS. Summary of Risk Factors Below is a summary of the principal factors that could adversely affect our business, operations and financial results. This summary does not address all of the risks that we face. Additional discussion of the risks summarized in this summary, and other risks that we face (including general risk factors), can be found below following this summary. Aviation and Firefighting Risks •Our operation of aircraft involves a degree of inherent risk, and we could suffer losses and adverse publicity stemming from any accident, whether related to us or not, involving aircraft, helicopters, or commercial drones similar to the assets we use in our…
AI summary unavailable — showing raw filing excerpt
Generated from BAER's filing dated 2026-03-06
Profitability
Gross margin
42.1%
0.9%Operating margin
5.4%
106.3%Net margin
44.1%
14.2%Return on equity
-15.8%
1.9%Return on assets
16.4%
5.9%Leverage
Debt / equity
-1.96×
3.9%Long-term debt / equity
-0.62×
0.0%Debt / assets
203.7%
4.1%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $8.5M | -45.6% | $-31.3M | -101.5% | -367.8% |
Q4 2025 2025-12-31 | $8.5M | -45.2% | $50.1M | -40.0% | 586.1% |
Q3 2025 2025-09-30 | $67.9M | +5.2% | $19.3M | +808.6% | 28.4% |
Q2 2025 2025-06-30 | $30.8M | +136.3% | $308.0K | +103.1% | 1.0% |
Q1 2025 2025-03-31 | $15.6M | +184.1% | $-15.5M | +22.6% | -99.3% |
Q4 2024 2024-12-31 | $15.6M | — | $83.5M | — | 535.6% |
Q3 2024 2024-09-30 | $64.5M | +20.3% | $-2.7M | -115.8% | -4.2% |
Q2 2024 2024-06-30 | $13.0M | +12.0% | $-10.0M | +47.5% | -76.7% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Business Services, NEC · SIC 7389
Your notes
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Insider activity
Insider buying
$180.1K
Insider selling
$0
Net activity
+$180.1K
Distinct insiders
1
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns BAER
Institutional value
$7.0M
Total shares held
3.6M
Distinct holders
36
-20 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 1.2M | $2.3M | — | New |
| 2 | Walleye Capital LLC | 432.6K | $856.6K | — | New |
| 3 | Enclave Advisors LLC | 304.5K | $602.9K | — | New |
| 4 | JANE STREET GROUP, LLC | 261.9K | $518.5K | +215.8K (+468.3%) | Added |
| 5 | BlackRock, Inc. | 239.0K | $473.1K | +7.4K (+3.2%) | Added |
| 6 | Peterson Wealth Advisors, LLC | 233.3K | $462.0K | +0 (+0.0%) | No change |
| 7 | KIECKHEFER GROUP LLC | 208.4K | $412.6K | -32.0K (-13.3%) | Trimmed |
| 8 | VANGUARD FIDUCIARY TRUST CO | 154.6K | $306.0K | — | New |
| 9 | HighMark Wealth Management LLC | 130.2K | $257.7K | +20.0K (+18.2%) | Added |
| 10 | DIMENSIONAL FUND ADVISORS LP | 85.2K | $168.7K | — | New |
| 11 | UBS Group AG | 59.9K | $118.7K | -11.0K (-15.5%) | Trimmed |
| 12 | STIFEL FINANCIAL CORP | 55.9K | $110.7K | +34.0K (+155.6%) | Added |
| 13 | Apollon Wealth Management, LLC | 39.0K | $77.2K | +0 (+0.0%) | No change |
| 14 | Kingsview Wealth Management, LLC | 35.0K | $69.3K | +5.0K (+16.7%) | Added |
| 15 | Stanley-Laman Group, Ltd. | 28.6K | $56.6K | +0 (+0.0%) | No change |
| 16 | Catalyst Funds Management Pty Ltd | 21.3K | $42.2K | — | New |
| 17 | CLIFFORD SWAN INVESTMENT COUNSEL LLC | 15.5K | $30.8K | +3.0K (+23.8%) | Added |
| 18 | SCRATCH CAPITAL LLC | 13.6K | $26.9K | — | New |
| 19 | HB Wealth Management, LLC | 13.1K | $25.9K | — | New |
| 20 | WELLS FARGO & COMPANY/MN | 12.5K | $24.8K | +0 (+0.0%) | No change |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once BAER's latest filing finishes processing.
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