Bridger Aerospace Group Holdings, Inc. Warrant

Bridger Aerospace Group Holdings, Inc. reported FY 2025 revenues of $122.8 million, a 25% increase from $98.6 million in FY 2024. The company achieved net income of $4.1 million, a significant improvement from a net loss of $15.6 million in the prior year. This turnaround was driven by revenue growth across all service offerings, particularly in fire suppression ($79.8 million, up 20%) and MRO ($21.5 million, up 54%), and a $16.9 million gain from a sale-leaseback transaction. However, the company reported a loss attributable to common stockholders of $22.9 million due to a $27.1 million adjustment for Series A Preferred Stock. Operating cash flow was positive at $16.7 million, though cash decreased by $21.7 million due to significant investing activities for aircraft purchases. The company maintains a strong liquidity position with $31.4 million in cash and $111.2 million in available credit facilities.

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