On this page of StockholderLetter.com we present the latest annual shareholder letter from Bridger Aerospace Group Holdings, Inc. — ticker symbol BAER. Reading current and past BAER letters to shareholders can bring important insights into the investment thesis.






     -   .    .                   &/    &")0,  %       

% *        1   2  *   0 0   1 3  * /&   ! /

             .    .                   &/    &")0,  %       

% *      *        4 *  0  * 3                          
 33            53  *6 !!&'#&7!/

8            .        .   -           
) 9 1    3     *    *       4 1    0       1  *  *,


;;'/"$$//7
)       *     * <5*  0 1       
  1 *4 *       *  *    =     ,
)        34  2 *
 0     1         ,

8   * 0     

) 00*      4*  1 4    9 15  >      1  ,
)@ 4   0 ,
)#!7, ;&/'!!?$
)     *  A      4      53  *    1 50     *   1 0 ,

  15*      *     * 0 45* 5        1     & ) ,         1 6
           1  1  
 33      1+  B! !!!& 4 * >  5  4 *    * 
  **      1  :     : **    9 *1         *        *    
 33      1+        9 *1    4* 1     B&& "! 4 *    * 
 * 0   
 23   
  3       1   91     
   :  1  *     * 0
8   
       0 C    1+   *+   --
8    
       0 C    1+   *+   --
  15*      *     * 0 45* 5        1     & ) ,         1 6     















                                                       /            / 0    1     #                   $                                   
2 '3-&-                $   (          $         %-        '                   $                              #                         ( !  

   $   '                 4                       5 4                  5 4          $          $   5     4                  $   5        %-  -      *+         (
6                     









                        $                                        7

         8+ 
    '%  9   : ;-<-' ((









          7  +     /                       /        /   $      $           3-   % 0 %' (
2











           .       8D   %      
A                       7          / $  +                 - -         @                                             %-              
         $       1    %  B                  $                     A                         $       1    %  B
  8-   %         

     % C       
     %       1      
     %C 9      /         :       
     - A  $      
     & 6     A         
       @         0          





       @                    7  :      *#                          @                  A            *#              
     < D     /  E
     ; @         7  0                          1         :                        8$        
     ;  F         /     F        / 0                 @          
     ? 1                          $$         0   
     , :              0                                              1         0        
     ,  :            A         
     ,C 8               
     ,: 0                     1       =                  A  /       $       






     %  0          *+     / 8            :  $     G /      
     %-         8       $    :       C          8          @                                  @      
     %& :                  $              2                 0            $      
     %  A     $              1          /    




.     E
     %< 1    %  B       


L
        D                     %      '-  (              

                                                  ,                    -               .  ,                 /                           001                                      )   
           )                  '   ,  *  '  ) *  '    *  '         *  '         *  '          *  '       *  ' !    *  '       *  '      *  '   *  '   2    *  '         *

                   & +             !          "      3                            )        "      3                                        "      3    4               5  
          4             5                            6 &7+ "      3                                                        6 &8+                                  
                 ,                                       ,    )       )                                              6  &9+                                               )                 
      6 &1+ "      3   !                                       )                  6     &:+              ,                                                            

                          !             "      3                                                                                                  ,                  ,

           "                                                2                                                    < "      3       )           )            , )           )
                                                               )                         "      3                                    6                       ,    )       )              
                            6                                                                                        6 "      3                =                        
     )   4         6  "      3                                 )           &               ,            )                             +6  "      3       )                )          )
  ,             !           ,                                              )6                 "      3                                                         )    
 )         )                  4                             )                  )                                                  "                   )  6               
                    6                                                                                               "                                                             )
 4        6            "            
                                         )6            "        !                                               !                6
"      3       )                    !                                                                                                                                       )         
 ,                                                                 6          )              )        !                            4               "      3                 
                          ,                                                 6                                                          

                  %    )                        =     "                 3                 ,                                       

%                                              "      3   !                                       ,         ,                                  
                    4      ,           ,                   "      3                         $   ,         "         )                                               
                                 "                )             )                                                                                                          "      3 
                   )           4                               


LL
 • shareholder letter icon 4/29/2024 Letter Continued (Full PDF)
 • stockholder letter icon 4/27/2023 BAER Stockholder Letter
 • stockholder letter icon More "Business Services & Equipment" Category Stockholder Letters
 • Benford's Law Stocks icon BAER Benford's Law Stock Score = 89


BAER Shareholder/Stockholder Letter Transcript:







     -   .    .                   &/    &")0,  %       

% *        1   2  *   0 0   1 3  * /&   ! /

             .    .                   &/    &")0,  %       

% *      *        4 *  0  * 3                          
 33            53  *6 !!&'#&7!/

8            .        .   -           
) 9 1    3     *    *       4 1    0       1  *  *,


;;'/"$$//7
)       *     * <5*  0 1       
  1 *4 *       *  *    =     ,
)        34  2 *
 0     1         ,

8   * 0     

) 00*      4*  1 4    9 15  >      1  ,
)@ 4   0 ,
)#!7, ;&/'!!?$
)     *  A      4      53  *    1 50     *   1 0 ,

  15*      *     * 0 45* 5        1     & ) ,         1 6
           1  1  
 33      1+  B! !!!& 4 * >  5  4 *    * 
  **      1  :     : **    9 *1         *        *    
 33      1+        9 *1    4* 1     B&& "! 4 *    * 
 * 0   
 23   
  3       1   91     
   :  1  *     * 0
8   
       0 C    1+   *+   --
8    
       0 C    1+   *+   --
  15*      *     * 0 45* 5        1     & ) ,         1 6     















                                                       /            / 0    1     #                   $                                   
2 '3-&-                $   (          $         %-        '                   $                              #                         ( !  

   $   '                 4                       5 4                  5 4          $          $   5     4                  $   5        %-  -      *+         (
6                     









                        $                                        7                 



         8+ 
    '%  9   : ;-<-' ((









          7  +     /                       /        /   $      $           3-   % 0 %' (
2











           .       8D   %      
A                       7          / $  +                 - -         @                                             %-              
         $       1    %  B                  $                     A                         $       1    %  B




  8-   %         

     % C       
     %       1      
     %C 9      /         :       
     - A  $      
     & 6     A         
       @         0          





       @                    7  :      *#                          @                  A            *#              
     < D     /  E
     ; @         7  0                          1         :                        8$        
     ;  F         /     F        / 0                 @          
     ? 1                          $$         0   
     , :              0                                              1         0        
     ,  :            A         
     ,C 8               
     ,: 0                     1       =                  A  /       $       






     %  0          *+     / 8            :  $     G /      
     %-         8       $    :       C          8          @                                  @      
     %& :                  $              2                 0            $      
     %  A     $              1          /    




.     E
     %< 1    %  B       


L

        D                     %      '-  (              

                                                  ,                    -               .  ,                 /                           001                                      )   
           )                  '   ,  *  '  ) *  '    *  '         *  '         *  '          *  '       *  ' !    *  '       *  '      *  '   *  '   2    *  '         *

                   & +             !          "      3                            )        "      3                                        "      3    4               5  
          4             5                            6 &7+ "      3                                                        6 &8+                                  
                 ,                                       ,    )       )                                              6  &9+                                               )                 
      6 &1+ "      3   !                                       )                  6     &:+              ,                                                            

                          !             "      3                                                                                                  ,                  ,

           "                                                2                                                    < "      3       )           )            , )           )
                                                               )                         "      3                                    6                       ,    )       )              
                            6                                                                                        6 "      3                =                        
     )   4         6  "      3                                 )           &               ,            )                             +6  "      3       )                )          )
  ,             !           ,                                              )6                 "      3                                                         )    
 )         )                  4                             )                  )                                                  "                   )  6               
                    6                                                                                               "                                                             )
 4        6            "            
                                         )6            "        !                                               !                6
"      3       )                    !                                                                                                                                       )         
 ,                                                                 6          )              )        !                            4               "      3                 
                          ,                                                 6                                                          

                  %    )                        =     "                 3                 ,                                       

%                                              "      3   !                                       ,         ,                                  
                    4      ,           ,                   "      3                         $   ,         "         )                                               
                                 "                )             )                                                                                                          "      3 
                   )           4                               


LL



shareholder letter icon 4/29/2024 Letter Continued (Full PDF)
 

BAER Stockholder/Shareholder Letter (Bridger Aerospace Group Holdings, Inc.) | www.StockholderLetter.com
Copyright © 2023 - 2025, All Rights Reserved

Nothing in StockholderLetter.com is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy.