Mar. 6 at 8:07 AM
$BAER 🚁 Q4 & FY 2025 earnings are out — and the setup looks 🔥. Adding tomorrow.
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2025 Highlights:
• Q4 Revenue:
$8.6M vs
$6.55M est ✅
• Q4 EBITDA: -
$9.5M vs -
$12.8M est ✅
• FY Revenue:
$122.8M vs
$121M est ✅
• FY EBITDA:
$45.3M vs
$37.6M est ✅
• Positive net income, >20% YoY growth in revenue & EBITDA
2026 Guidance & Catalysts:
• Revenue
$135–145M vs
$133M est
• EBITDA
$55–60M vs
$49M est
• 2x new Spanish Super Scoopers + 2x Air Attack aircraft = 10–15% of 2026 revenue, ~40–50% EBITDA margins
• More Scoopers coming H2 2026 → ramping revenue capacity
• Bridger FMS bidding DoD contracts; already won small USAF awards
• New COO from Lockheed Martin scaling ops & opening defense/commercial opportunities
• Supportive regulatory tailwinds: Wildland Fire Service + Fire Ready Nation Act + Aerial Firefighting Enhancement Act 2025
Strong growth, huge unmet demand, + margin expansion = this could run.