Bridger Aerospace Q2 revenue flat, misses analyst expectations

Bridger Aerospace group

06/08/2026 21:44

Overview
US aerial firefighting firm's Q2 revenue was flat yr/yr and missed analyst expectations
Q2 adjusted EBITDA missed analyst expectations
Company reiterates 2026 guidance, expects revenue growth and expanded operations

Outlook
Bridger Aerospace reiterates 2026 revenue guidance of $135 mln to $145 mln
Company expects 2026 adjusted EBITDA of $55 mln to $60 mln
Company says increased government commitments are extending aircraft utilization into Q4 due to severe wildfire conditions

Result Drivers
NON-RECURRING REVENUE DROP - Co said Q2 revenue decline was primarily due to lower non-recurring return-to-service work compared to prior yr
INCREASED FLIGHT HOURS - Co said increased flight hours for Super Scoopers offset some of the decline in non-recurring revenue
LONGER TASK ORDERS - Co said new and longer task orders from government agencies extended aircraft utilization into Q4

Key Details
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)

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

Reuters Recommended Reads
Aug 5 - Firefighters gain ground against flames around Spokane, Washington 
Aug 4 - Southern California Edison tower sparked devastating LA County's Eaton fire, report finds 
Aug 4 - Bristow Group Q2 revenue beats estimates on higher rates in Europe and the Americas

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)