SequelSEC

FTAI Infrastructure Inc. FIP

Railroads, Line-Haul Operating · CIK 0001899883 · Fiscal year ends 1231

AnnualQuarterlyTTM
Revenue
$502.52M
Fiscal year ended 2025-12-31
Operating income
Unavailable
Fiscal year ended 2025-12-31
Free cash flow
-$398.53M
Fiscal year ended 2025-12-31

FTAI Infrastructure Inc. (FIP) reported revenue of $502.52M for the fiscal year ended 2025-12-31. This page shows 6 annual periods of income statement, balance sheet and cash flow figures normalized from FTAI Infrastructure Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Railroads, Line-Haul Operating.

Income

FTAI Infrastructure Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Revenue$502.52M$331.50M$320.47M$261.97M$120.22M$68.56M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 115.21Mshares 108.22Mshares 102.96Mshares 102.75Mshares 99.39Mshares 99.39M
Pretax income-$155.37M-$262.75M-$157.28M-$183.05M-$109.97M-$73.71M
Income tax expense-$3.32M$3.31M$2.47M$4.47M-$3.63M-$1.98M
Diluted EPS$-2.26$-2.72$-1.79$-1.73$-0.80$-0.56
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrative$16.22M$14.80M$12.83M$10.89M$8.74M$8.52M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

FTAI Infrastructure Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Cash & equivalents$57.35M$27.78M$29.37M$36.49M$49.87MUnavailable
Total assets$5.75B$2.37B$2.38B$2.48B$2.48BUnavailable
Current assets$484.01M$219.85M$185.50M$277.80M$277.80MUnavailable
Total liabilities$4.80B$1.92B$1.64B$1.69B$1.69BUnavailable
Current liabilities$410.00M$250.79M$150.64M$159.58M$159.58MUnavailable
Total equity incl. NCI-$146.24M$75.14M$412.86M$524.79M$1.46B$995.40M
Temporary (mezzanine) equity$1.09B$381.22M$325.23M$264.59M$0Unavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivable$95.39M$52.99M$55.99M$60.81M$50.30MUnavailable
Goodwill$365.70M$275.37M$275.37M$260.25M$257.14MUnavailable
Long-term debt$3.71B$1.54B$1.34B$1.23B$1.23BUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

FTAI Infrastructure Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Operating cash flow-$118.01M-$15.28M$5.51M-$42.69M-$61.72M-$46.86M
Capital expenditures$280.53M$79.54M$99.02M$217.14M$140.90M$247.52M
Investing cash flow-$1.14B-$118.14M-$147.12M-$267.27M-$828.72M-$252.22M
Financing cash flow$1.44B$193.23M$79.45M$157.74M$1.14B$337.63M
Net change in cash$178.65M$59.82M-$62.16M-$152.21M$246.43M$38.55M
Stock-based compensationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common dividends paid$13.83M$13.12M$12.37M$3.08M$0$0
Common share repurchasesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$132.49M$79.41M$80.99M$70.75M$54.02M$31.11M

Derived

FTAI Infrastructure Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-31
Free cash flow-$398.53M-$94.81M-$93.51M-$259.83M-$202.61M-$294.38M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF margin-79.3%-28.6%-29.2%-99.2%-168.5%-429.4%
SBC / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current ratio1.18x0.88x1.23x1.74x1.74xUnavailable
Revenue YoY growth51.6%3.4%22.3%117.9%75.3%Unavailable
Net marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue55.8%24.0%30.9%82.9%117.2%361.0%
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FIP in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-10View SEC filing
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-03-16View SEC filing
10-Q · Filed 2025-10-31View SEC filing
10-Q · Filed 2025-08-15View SEC filing
10-Q · Filed 2025-05-16View SEC filing

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Reconciliation checks needing review

1 period on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

balance equationreview2021-12-31

Difference 672662000 exceeds tolerance 2478399.000. Presentation or filing-vintage differences need review.