What is the 13F Pro Quality Score for BAER?

13F Pro ranks Bridger Aerospace Group Holdings, Inc. (BAER) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View BAER's current score at https://13fpro.ai/research/BAER (free sign-up required for the full ranking).

Which hedge funds own the most BAER stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of BAER include Blackstone, FIRST MANHATTAN CO., VANGUARD CAPITAL MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/BAER as soon as new 13F filings post.

Where does 13F Pro source BAER data?

All Bridger Aerospace Group Holdings, Inc. fundamentals and ownership data come directly from SEC EDGAR. Bridger Aerospace Group Holdings, Inc. files with the SEC under CIK 1941536. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is BAER in?

Bridger Aerospace Group Holdings, Inc. (BAER) is classified in the Industrials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/industrials.

How often is BAER research updated on 13F Pro?

BAER's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

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

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13F Pro Quality Score

35.2/100

Rank #2,160 of 2,879 stocks

View Industrials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

88.0/100

Profitability

19.0/100

Balance Sheet

26.3/100

Earnings Quality

30.0/100

Free Cash Flow

18.7/100

Institutional Flow

28.1/100

Revenue Scale

19.7/100

Dilution Risk

23.6/100

BAER Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Bridger Aerospace Group Holdings, Inc. (BAER), a Industrials sector company. 13F Pro's AI-powered ranking engine scores BAER at 35.2/100 on a 32-signal composite quality model, placing it at rank #2,160 of 2,879 stocks — the bottom half of the AI-ranked universe. BAER scores in the top quartile across revenue growth (88.0). Areas of concern include free cash flow (18.7) and profitability (19.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 23.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Bridger Aerospace Group Holdings, Inc. reports quarterly revenue of $8.5M, net income of $-31.3M, free cash flow of $-26.8M. Top institutional holders of BAER by reported 13-F value include Blackstone, FIRST MANHATTAN CO., VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. BAER trades on the Nasdaq exchange and files with the SEC under CIK 1941536. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate BAER daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Bridger Aerospace Group Holdings, Inc. directly from SEC EDGAR. Bridger Aerospace Group Holdings, Inc.'s 13F Pro composite quality score has ranged between 12 and 73 since 2024, currently 35.2 — an improving long-term trajectory across 15 quarterly and live scoring snapshots.

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Fun facts about Bridger Aerospace Group Holdings, Inc.

Quirks, history, and lore behind BAER — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. industrial services company · small-cap · listed on Nasdaq · headquartered in Montana.
2
The Numbers
Revenue is in the tens of millions of dollars — this is no behemoth, but demand for its services spikes sharply during summer and fall every single year.
3
The History
Founded in the 2010s, it went public via a SPAC merger and has been building out a fleet ever since, betting that climate trends will only make its business more essential.
4
The Secret
Its core customers include government agencies and utilities who need rapid-response aerial help — the kind that can't wait for a slow procurement cycle.
5
The Lore
It operates a fleet of large air tankers and scooper aircraft that pick up water directly from lakes — a niche so specialized that only a handful of companies in the world do it.
6
The Giveaway
When wildfires rage across the American West, this Montana-based company drops thousands of gallons of retardant from the sky — firefighting at 30,000 feet is literally the whole business.

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Revenue

Q1 2026

$8.5M

Net Income

Q1 2026

$-31.3M

Free Cash Flow

Q1 2026

$-26.8M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+24.6% YoY

$122.8MFY 2025

FY22 $46.4MFY24 $98.6MFY25 $122.8M

Net Income

+126.6% YoY

$4.1MFY 2025

FY22 $-42.1MFY24 $-15.6MFY25 $4.1M

Operating Income

—FY 2025

FY22 $-22.6MFY24 $5.3MFY25 —

EPS (Diluted)

+48.1% YoY

$-0.42FY 2025

FY22 $-8.20FY24 $-0.81FY25 $-0.42

Total Assets

+13.6% YoY

$330.3MFY 2025

FY22 $306.0MFY24 $290.8MFY25 $330.3M

Total Debt

+6.1% YoY

$223.4MFY 2025

FY22 $207.9MFY24 $210.6MFY25 $223.4M

Op. Cash Flow

+78.9% YoY

$16.7MFY 2025

FY22 $-9.9MFY24 $9.4MFY25 $16.7M

Metric	FY 2025	FY 2024	FY 2022
Revenue	$122.8M +24.6%	$98.6M +112.6%	$46.4M
Net Income	$4.1M +126.6%	$-15.6M +63.0%	$-42.1M
Operating Income	—	$5.3M +123.5%	$-22.6M
EPS (Diluted)	$-0.42 +48.1%	$-0.81 +90.1%	$-8.20
Total Assets	$330.3M +13.6%	$290.8M -5.0%	$306.0M
Total Debt	$223.4M +6.1%	$210.6M +1.3%	$207.9M
Operating Cash Flow	$16.7M +78.9%	$9.4M +194.3%	$-9.9M

AI Insight: BAER Financial Trends

Q3 seasonality dominates BAER's financials, but Q4 2025 revenue collapsed to $9M — its weakest quarter in two years — while debt crept to $223M.

• Q3 peak-season revenue grew modestly from $65M in Q3 2024 to $68M in Q3 2025, with operating income improving from $33M to $39M.

• Q4 2025 revenue dropped to $9M versus $16M in Q4 2024, the lowest single quarter in the dataset, signaling sharp off-season deterioration.

• Total debt rose to $223M in Q4 2025 from $203M in Q3 2025, while equity remained deeply negative at -$343M.

• Q2 2025 operating income turned positive at $6M versus -$5M in Q2 2024, suggesting modest off-peak improvement mid-year.

⚠ Debt jumped $20M sequentially in Q4 2025 to $223M — first material increase in five quarters — threatening already-negative equity further.

⚠ Operating CF swung to -$8M in Q4 2025 after a strong $41M in Q3 2025; sustained off-season cash burn with no equity buffer is a key risk.

⚠ Heavy Q3 revenue concentration ($68M of ~$124M full-year 2025) leaves the business highly exposed to a single fire-season quarter.

AI Insight: BAER Ratio Trends

Severe Q4 2025 operating margin collapse to -175.0% overwhelms strong Q3 2025 gains, signaling deep seasonal/structural volatility at Bridger Aerospace.

• Q3 quarters are consistently profitable: OpMargin hit 50.9% in Q3 2024 and 57.5% in Q3 2025, reflecting concentrated fire-season revenue.

• Q4 2025 operating margin collapsed to -175.0% from -48.0% in Q4 2024, a dramatic year-over-year deterioration in the off-season trough.

• Q1 2025 operating margin of -64.9% was worse than Q1 2024's missing data period, with ROA deepening to -22.6% from -31.8%.

• TTM ROA of 1.2% and OpMargin of 3.2% suggest the business barely breaks even on an annual basis despite strong seasonal peaks.

⚠ Q4 2025 OpMargin of -175.0% is far worse than Q4 2024's -48.0% — monitor whether off-season cost structure is rapidly deteriorating.

⚠ ROE, ROIC, and D/E are entirely absent across all periods — capital efficiency and leverage profile remain opaque and unassessable.

⚠ Q3 2025 NPM improved to 50.8% vs. 42.4% in Q3 2024 — watch whether peak-season execution gains persist into future fire seasons.

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Available Research

13F Pro tracks comprehensive data for Bridger Aerospace Group Holdings, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of BAER

Blackstone Inc.
$19.1M9,624,610 sh
FIRST MANHATTAN CO. LLC.
$11.4M5,763,555 sh
VANGUARD CAPITAL MANAGEMENT LLC
$2.3M1,159,518 sh
MARSHALL WACE, LLP
$2.0M1,021,524 sh
GEODE CAPITAL MANAGEMENT, LLC
$656.4K331,395 sh
Enclave Advisors LLC
$602.9K304,506 sh
Mill Creek Capital Advisors, LLC
$586.5K296,192 sh
JANE STREET GROUP, LLC
$518.5K261,892 sh
BRIDGEWAY CAPITAL MANAGEMENT, LLC
$506.1K255,583 sh
BlackRock, Inc.
$473.1K238,960 sh

Fund	Value	Shares
Blackstone Inc.	$19.1M	9,624,610
FIRST MANHATTAN CO. LLC.	$11.4M	5,763,555
VANGUARD CAPITAL MANAGEMENT LLC	$2.3M	1,159,518
MARSHALL WACE, LLP	$2.0M	1,021,524
GEODE CAPITAL MANAGEMENT, LLC	$656.4K	331,395
Enclave Advisors LLC	$602.9K	304,506
Mill Creek Capital Advisors, LLC	$586.5K	296,192
JANE STREET GROUP, LLC	$518.5K	261,892
BRIDGEWAY CAPITAL MANAGEMENT, LLC	$506.1K	255,583
BlackRock, Inc.	$473.1K	238,960

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Is BAER a good stock to buy?

13F Pro's AI-powered analysis of Bridger Aerospace Group Holdings, Inc. (BAER) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Industrials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for BAER are available on the BAER stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own BAER?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling BAER. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Bridger Aerospace Group Holdings, Inc.'s investment landscape.