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FTAI Infrastructure Inc.

CIK: 1899883 SIC: 4011
$502.52M
Revenue
$-152.05M
Net Income
-
Gross Margin
-
Op. Margin
$-789.38M
Free Cash Flow
Financial Statements Annual (10-K)
Showing 4 of 4 annual reports available (2022 - 2025)
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
+ Total Revenue $502.52M $502.52M $331.50M $320.47M $261.97M
Revenue Growth % 0.0% 51.6% 3.4% 22.3% nan%
Operating Expenses $300.96M $299.59M $247.67M $253.67M $319.61M
Interest Expense - $265.91M $122.11M $99.60M $38.08M
Other Income/Expense $20.75M $20.75M $20.90M $6.59M $-3.17M
Income Before Tax $-155.37M $-155.37M $-262.75M $-157.28M $-183.05M
Income Tax Expense $-3.32M $-3.32M $3.31M $2.47M $4.47M
+ Net Income $-152.05M $-152.05M $-266.06M $-159.75M $-187.52M
Net Margin % -30.3% -30.3% -80.3% -49.8% -71.6%
Basic EPS nan -2.24 -2.72 -1.78 nan
Diluted EPS nan -2.26 -2.72 -1.79 nan
Basic Shares Outstanding 364K 115.2M 108.2M 103.0M 102.7M
Diluted Shares Outstanding 364K 115.2M 108.2M 103.0M 102.7M
Breakdown FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
Cash & Cash Equivalents $57.35M $27.79M $29.37M $36.49M
Accounts Receivable $95.39M $52.99M $55.99M $60.81M
Other Current Assets $62.68M $19.56M $42.03M $67.36M
Total Current Assets $484.01M $219.85M $185.50M $277.80M
Property Plant & Equipment $4.58B $1.65B $1.63B $1.67B
Goodwill $365.70M $275.37M $275.37M $260.25M
Intangible Assets $43.17M $46.23M $52.62M $60.20M
Total Assets $5.75B $2.37B $2.38B $2.48B
Short-term Debt $65.44M $48.59M - -
Other Current Liabilities $20.36M $18.60M $12.62M $16.49M
Total Current Liabilities $410.00M $250.79M $150.64M $159.58M
Long-term Debt $3.77B $1.59B $1.34B $1.23B
Total Liabilities $4.80B $1.92B $1.64B $1.69B
Common Stock $1.16M $1.14M $1.01M $994.00K
Retained Earnings $-512.99M $-405.82M $-182.17M $-60.84M
Total Stockholders Equity $21.32M $202.65M $484.29M $551.62M
Total Liabilities & Equity $5.75B $2.37B $2.38B $2.48B
Breakdown TTM
(Dec 31, 2025)
FY 2025
(Dec 31, 2025)
FY 2024
(Dec 31, 2024)
FY 2023
(Dec 31, 2023)
FY 2022
(Dec 31, 2022)
Net Income $-152.05M $-152.05M $-266.06M $-159.75M $-187.52M
Depreciation & Amortization $157.50M $132.49M $79.41M $80.99M $70.75M
Deferred Income Tax - $-5.76M $1.92M $2.02M -
Change in Receivables $12.82M $9.92M $-2.13M $-2.84M $3.30M
Operating Cash Flow $-294.53M $-118.01M $-15.28M $5.51M $-42.69M
Capital Expenditure $494.85M $280.53M $79.54M $99.02M $217.14M
Acquisitions $403.39M $856.64M - $4.45M $3.82M
Investing Cash Flow $-900.01M $-1.14B $-118.14M $-147.12M $-267.27M
Debt Repayment - $780.36M $247.59M $75.13M -
Stock Issued - $2.69M - - -
Dividends Paid $24.16M $13.83M $13.12M $12.37M $3.08M
Financing Cash Flow $1.75B $1.44B $193.23M $79.45M $157.74M
Net Change in Cash $555.73M $178.65M $59.82M $-62.16M $-152.21M
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Total Revenue $140.56M $83.31M $359.00M $250.73M
Operating Expenses $120.00M $90.58M $352.31M $272.39M
Other Income/Expense $5.55M $6.54M $12.30M $15.87M
Income Before Tax $-99.46M $-43.05M $-89.81M $-139.41M
Income Tax Expense $5.08M $-92.00K $-35.48M $1.98M
Net Income $-104.54M $-42.96M $-54.33M $-141.39M
Basic EPS -1.38 -0.45 -1.17 -1.51
Diluted EPS -1.38 -0.45 -1.18 -1.51
Basic Shares Outstanding $115.56M $109.72M $114.85M $106.32M
Diluted Shares Outstanding $115.56M $109.72M $114.85M $106.32M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Dec 31, 2024
Cash & Cash Equivalents $34.72M $27.79M
Other Current Assets $25.25M $19.56M
Total Current Assets $442.83M $219.85M
Property Plant & Equipment $3.26B $1.65B
Goodwill $401.23M $275.37M
Intangible Assets $44.20M $46.23M
Other Non-current Assets $70.63M $61.55M
Total Assets $5.45B $2.37B
Short-term Debt $1.51B $48.59M
Other Current Liabilities $15.41M $18.60M
Total Current Liabilities $1.77B $250.79M
Long-term Debt $2.21B $1.54B
Total Liabilities $4.37B $1.92B
Common Stock $1.16M $1.14M
Retained Earnings $-438.64M $-405.82M
Total Stockholders Equity $181.06M $202.65M
Total Liabilities & Equity $5.45B $2.37B
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025 Sep 30, 2025
Current Prior Year Current YTD Prior Year YTD
Net Income $-104.54M $-42.96M $-54.33M $-141.39M
Depreciation & Amortization $34.81M $19.49M $93.82M $60.18M
Change in Receivables - - $-2.04M $-253.00K
Operating Cash Flow - - $-115.25M $-7.22M
Capital Expenditure - - $214.64M $53.32M
Acquisitions - - $-226.63M -
Investing Cash Flow - - $-1.10B $-89.64M
Debt Repayment - - $763.36M $247.59M
Stock Issued - - $2.69M -
Dividends Paid - - $10.34M $9.71M
Financing Cash Flow - - $1.42B $154.01M
Net Change in Cash - - $206.62M $57.15M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.

Annual data represents full fiscal year results. FY = Fiscal Year ending.

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