BAER — what changed in the latest 10-Q
A section-by-section comparison of BAER's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-06 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +47 | −27 | ~27 | 73 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-06
Revenues decreased by $0.3 million, or 1%, to $30.5 million for the three months ended June 30, 2026, from $30.8 million for the three months ended June 30, 2025.
Revenues by service offering for the three months ended June 30, 2026 and 2025 were as follows:
Fire suppression revenue increased by $3.5 million, or 19%, to $21.5 million for the three months ended June 30, 2026, from $18.1 million for the three months ended June 30, 2025. The increase was primarily driven by increased flight hours for our Super Scoopers for the three months ended June 30, 2…
Aerial surveillance revenue increased by $1.4 million, or 36%, to $5.5 million for the three months ended June 30, 2026, from $4.0 million for the three months ended June 30, 2025. The increase was primarily driven by increased flight hours for our surveillance aircraft for the three months ended Ju…
Maintenance repair revenue decreased by $1.9 million, or 35%, to $3.5 million for the three months ended June 30, 2026, from $5.4 million for the three months ended June 30, 2025. The decrease was primarily driven by a decrease in the return-to-service work performed on the Spanish Scoopers in conne…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
dollars in thousands20262025Period Over Period Change ($)Period Over Period Change (%)
Revenues decreased by $7.1 million, or 46%, to $8.5 million for the three months ended March 31, 2026, from $15.6 million for the three months ended March 31, 2025.
Revenues by service offering for the three months ended March 31, 2026 and 2025 were as follows:
dollars in thousands20262025Period Over Period Change ($)Period Over Period Change (%)
Fire suppression revenue decreased by $3.5 million, or 61%, to $2.3 million for the three months ended March 31, 2026, from $5.8 million for the three months ended March 31, 2025. The decrease was primarily driven by decreased flight hours for our Super Scoopers for the three months ended March 31, …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice