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Bridger Aerospace Group Holdings, Inc. Common Stock (BAER)

NASDAQ / Industrials / Security & Protection Services

Share price

0.51 USD Market dataClose of Oct 15, 2026

Market capitalisation

30.1M USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2025, filed Mar 6, 2026
Ratios computed
Oct 15, 2026
Filed years
4, FY2022 to FY2025
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

n/a Computed

From the FY2025 filing

Why n/a

No operating income line is filed for this year.

Read quality

Valuation

Price to earnings

n/m Computed

FY2025 accounts, priced at the latest close

Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

Read valuation

Cash generation

Free cash flow yield

n/m Computed

FY2025 accounts, priced at the latest close

Why n/m

Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.

Read cash generation

Revenue and net income, by fiscal year

FY2020 Revenue: 13.4M USDFY2020 Net income: -12.2M USDFY2021 Revenue: 39.4M USDFY2021 Net income: -6.5M USDFY2022 Revenue: 46.4M USDFY2022 Net income: -42.1M USDFY2023 Revenue: 66.7M USDFY2023 Net income: -77.4M USDFY2024 Revenue: 98.6M USDFY2024 Net income: -15.6M USDFY2025 Revenue: 122.8M USDFY2025 Net income: 4.1M USD
Revenue Net income6 fiscal years; a year whose statement names no SEC filing is market data, and the table in Filings says which.
Named tests met
0 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Free cash flow yield is -200.0% at the close of 2026-10-15 on FY2025 figures; the lines are 2.0%, 5.0% and 8.0%, set by convention, and this sits below the lowest.

Today, against the Industrials sector (636 companies), -200.0% sits at the 3rd percentile; the middle half of that group runs from -12.0% to 5.6%.

Is it good

Return on invested capital for Bridger Aerospace Group Holdings, Inc. Common Stock in FY2025: n/a. No operating income line is filed for this year.

Is it safe

Current ratio was 2.43 in FY2025, in the band labelled "At or above Graham's requirement" (2.00 and above), on lines anchored on Graham's defensive-investor criteria, suggesting short-term assets well above short-term obligations.

Today, against the Industrials sector (673 companies), 2.43 sits at the 68th percentile; the middle half of that group runs from 1.20 to 2.86.

Year by year against peers
Whether Bridger Aerospace Group Holdings, Inc. Common Stock's gross margin stayed above the median of the Industrials sector, year by year. (FY2023 to FY2025, 3 fiscal years of Bridger Aerospace Group Holdings, Inc. Common Stock with a comparable figure)
The direction
Which way Bridger Aerospace Group Holdings, Inc. Common Stock's gross margin has moved, and how steadily. (FY2020 to FY2025, 6 filed years of Bridger Aerospace Group Holdings, Inc. Common Stock)
What could explain it
What in Bridger Aerospace Group Holdings, Inc. Common Stock's filed statements could explain the movements. (4 readings drawn from the statement lines Bridger Aerospace Group Holdings, Inc. Common Stock filed)
What to check next
What to check next on Bridger Aerospace Group Holdings, Inc. Common Stock, and where in its filings. (5 questions for Bridger Aerospace Group Holdings, Inc. Common Stock)
In one paragraph
One paragraph on Bridger Aerospace Group Holdings, Inc. Common Stock's returns, cash, balance sheet and price. (7 of sixteen figures read for Bridger Aerospace Group Holdings, Inc. Common Stock)

These are BAER’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research BAERPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Mar 6, 2026, accession 0001941536-26-000005.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Bridger Aerospace Group Holdings, Inc. Common Stock: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Return on equity
Why n/m

Book equity is zero or negative. Return on equity computed over it flips sign and can read as a strong positive on a loss-making company, so we will not show a number.

n/m ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Return on capital employed, pre-tax
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Return on assets1.3% ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Gross margin42.1% ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Operating margin
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Net margin3.4% ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
BAER 3.4%
UUU -51.3%SNT 8.8%SUGP -9.6%BKYI -120.5%KSCP -298.3%
-298.3%8.8%
Net margin: BAER against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Bridger Aerospace Group Holdings, Inc. Common Stock: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity
Why n/m

Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).

n/m ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Current ratio2.43 ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Quick ratio2.43 ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Interest coverage
Why n/a

No operating income line is filed for this year.

n/a ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Altman Z-score
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Net debt213.6M ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Total assets 330.3MTotal liabilities 265.6MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity (zero or below, not drawn)
The balance sheet, line by line

Financial health

What Bridger Aerospace Group Holdings, Inc. Common Stock owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Mar 6, 2026, 0001941536-26-000005).

Bridger Aerospace Group Holdings, Inc. Common Stock: balance sheet position
Total assets330.3M FiledFY2025 10-K, filed Mar 6, 2026
Total liabilities265.6M FiledFY2025 10-K, filed Mar 6, 2026
Shareholders' equity-342.6M FiledFY2025 10-K, filed Mar 6, 2026
Cash31.4M FiledFY2025 10-K, filed Mar 6, 2026
Total debt244.9M FiledFY2025 10-K, filed Mar 6, 2026
Net debt213.6M
Current ratio2.43
Debt to equityn/m
  • Debt to equity: FY2025: Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).
  • Interest cover: FY2025: No operating income line is filed for this year.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Bridger Aerospace Group Holdings, Inc. Common Stock: what the market charges, each with its source
FigureValue, source and document
Price to earnings
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
P/E on trailing twelve months
Why n/a

Fewer than twenty trading days carry a meaningful trailing price to earnings ratio, so no range is stated.

n/a ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book
Why n/m

Book equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number.

n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Price to sales0.24x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Enterprise value to EBIT
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Enterprise value to EBITDA
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Price to earnings over growth
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Diluted earnings per share-0.42 USD FiledFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Graham number
Why n/m

Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.

n/m ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005

We publish no fair value or price target of our own. Value BAER on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Bridger Aerospace Group Holdings, Inc. Common Stock today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Bridger Aerospace Group Holdings, Inc. Common Stock: valuation
Share price0.51 USD
Market capitalisation30.1M USD
Enterprise value to EBITDAn/a
Graham numbern/m
Diluted earnings per share, FY2025-0.42 USD

Price to earnings on trailing twelve months: Fewer than twenty trading days carry a meaningful trailing price to earnings ratio, so no range is stated.

Companies like Bridger Aerospace Group Holdings, Inc. Common Stock

  1. Universal Safety Products, Inc. (UUU)Market cap 15.4M USD
  2. Senstar Technologies Ltd. (SNT)Market cap 32.7M USD
  3. SU Group Holdings Limited Ordinary Shares (SUGP)Market cap 432.2K USD
  4. BIO-key International, Inc. (BKYI)Market cap 4.2M USD
  5. Knightscope, Inc. (KSCP)Market cap 13.3M USD

Same industry (Security & Protection Services) and size band (Nano, under 50M), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Bridger Aerospace Group Holdings, Inc. Common Stock: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield
Why n/m

Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.

n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Free cash flow-64.2M USD ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Free cash flow margin-52.3% ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Dividend yield
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Payout ratio
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
FY2020 Free cash flow: -61.1M USDFY2020 Net income: -12.2M USDFY2021 Free cash flow: -16.5M USDFY2021 Net income: -6.5M USDFY2022 Free cash flow: -35.5M USDFY2022 Net income: -42.1M USDFY2023 Free cash flow: -47.5M USDFY2023 Net income: -77.4M USDFY2024 Free cash flow: 5.3M USDFY2024 Net income: -15.6M USDFY2025 Free cash flow: -64.2M USDFY2025 Net income: 4.1M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Bridger Aerospace Group Holdings, Inc. Common Stock: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
n/mFY2025Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/mFY2025Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/aFY2025Oct 15, 2026
n/a The filed income statement reports no operating income.
n/mFY2025Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/aFY2025Mar 6, 2026
n/a No operating income line is filed for this year.
n/aFY2025Oct 15, 2026
n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one.
n/mFY2025Mar 6, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
2.43FY2025Mar 6, 2026
0.24xFY2025Oct 15, 2026
n/mFY2025Oct 15, 2026
n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT.
n/aFY2025Oct 15, 2026
n/a We hold no figure here and no stored reason for its absence. The gap is ours, not the company's.
-2.85FY2025Mar 6, 2026
7/9FY2025Mar 6, 2026

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 4 filed fiscal years on record, FY2022 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

6 fiscal years, FY2020 to FY2025. 4 read from the annual reports Bridger Aerospace Group Holdings, Inc. Common Stock filed with the SEC, each naming its filing; the rest from statements that name none, which are market data. Amounts in USD, as reported.

Bridger Aerospace Group Holdings, Inc. Common Stock: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY2025122.8Mn/a4.1M-0.42-64.2Mn/an/m10-K, Mar 6, 20260001941536-26-000005
FY202498.6M5.3M-15.6M-0.815.3M5.4%n/m10-K, Mar 14, 20250001628280-25-012821
FY202366.7M-57.5M-77.4M-1.00-47.5M-86.2%n/m10-K, Mar 20, 20240001628280-24-012213
FY202246.4M-22.6M-42.1M-8.20-35.5M-48.8%n/m10-K, Mar 20, 20240001628280-24-012213
FY202139.4M1.6M-6.5M-0.56-16.5M4.0%-10.6%Market data, supplied Oct 15, 2026accession n/a
FY202013.4M-8.9M-12.2M-0.28-61.1M-66.0%n/mMarket data, supplied Oct 15, 2026accession n/a
  • Revenue, compound annual growth FY2020 to FY2025: 55.7%
  • Earnings: Earnings was not positive in both 2020 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Earnings per share: Earnings per share was not positive in both 2020 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
  • Free cash flow: Free cash flow was not positive in both 2020 and 2025, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Bridger Aerospace Group Holdings, Inc. Common Stock: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.85 ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Piotroski F-score7/9 ComputedFY2025 10-K, filed Mar 6, 2026, 0001941536-26-000005
Named tests met0 of 30 Computed
Beta1.38 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 0 met, 15 not met, 15 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
None of the named tests.
Does not
Defensive investor (Benjamin Graham); Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; Gross margin, turnover (Robert Novy-Marx); High yield, low payout; Dividends and buybacks; Low beta, profitable; Two thirds of NCAV (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Tangible book or below; Cash-flow yield and ROIC
Not measured
Deep value; Earnings yield and ROIC (Joel Greenblatt); Low PEG, low debt (Peter Lynch); High returns and growth; EV/EBITDA and coverage; ROIC at or above WACC; Near the 52-week low; Z-score and coverage (Edward Altman); P/E times P/B (Benjamin Graham); Book or below, low debt (Walter Schloss); Cash-covered dividend; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(18)
  • Debt to Equity: Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).
  • P/B Ratio: Book equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number.
  • P/E Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • EV/EBIT: We do not hold this figure for this company, so there is nothing to show.
  • Return on Invested Capital: No operating income line is filed for this year.
  • Altman Z-Score: We do not hold this figure for this company, so there is nothing to show.
  • PEG Ratio: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Return on Equity: Book equity is zero or negative. Return on equity computed over it flips sign and can read as a strong positive on a loss-making company, so we will not show a number.
  • EV/EBITDA: We do not hold this figure for this company, so there is nothing to show.
  • Interest Coverage: No operating income line is filed for this year.
  • Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: Earnings are zero or negative, so a price to earnings multiple is not meaningful. A negative P/E is not a cheap company and a large positive one from a near-zero denominator is not an expensive one.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: We do not hold this figure for this company, so there is nothing to show.
  • Price Tangible Book: Book equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 18 figures could not be read on this company, among them Debt to Equity, P/B Ratio, P/E Ratio. Each blank in the table above names the rest, with its reason. 15 named tests come back incomplete because of them, which is neither met nor missed.
  • We hold 4 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.