FTAI Infrastructure Inc. (FIP) Financial Statements
Industry: Railroads, Line-Haul Operating
In fiscal 2025, FTAI Infrastructure reported revenue of $502.5M, up 51.6% from $331.5M the year before. Net income was -$107.2M (a -21.3% net margin), or -$2.26 per diluted share. Gross margin was 1.6% and operating margin was -58.0%. Operating activities generated -$118.0M of cash, leaving -$398.5M of free cash flow. At fiscal year end, FTAI Infrastructure held $5.75B in total assets against $4.80B in total liabilities, including $57.4M of cash and equivalents.
Open the full interactive FTAI Infrastructure financials → Quarterly statements, key ratios, valuation history and price charts.
FTAI Infrastructure Key Stats
| Share Price | $2.44 |
|---|---|
| Market Cap | $288.3M |
| Revenue YoY Growth | +51.6% |
| 52-Week Range | $2.44 – $6.31 |
| Shares Outstanding | 118.2 million (basic, 2026 Q2) |
FTAI Infrastructure Income Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Revenue | $262.0M | $320.5M | $331.5M | $502.5M |
| Cost of Goods Sold | $319.6M | $364.8M | $431.0M | $494.6M |
| Gross Profit | -$57.6M | -$44.4M | -$99.5M | $8.0M |
| Operating Income | -$265.8M | -$298.0M | -$347.2M | -$291.6M |
| Pre-Tax Income | -$183.0M | -$157.3M | -$262.8M | -$155.4M |
| Income Tax | $4.5M | $2.5M | $3.3M | -$3.3M |
| Net Income | -$187.5M | -$159.8M | -$266.1M | -$107.2M |
| Diluted EPS | -$1.73 | -$1.79 | -$2.72 | -$2.26 |
FTAI Infrastructure Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $140.6M | $143.5M | $188.4M | $186.8M |
| Net Income | -$93.0M | -$86.8M | -$113.0M | -$128.1M |
| Diluted EPS | -$1.38 | -$0.75 | -$1.32 | -$1.41 |
FTAI Infrastructure Balance Sheet
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash & Equivalents | $36.5M | $29.4M | $27.8M | $57.4M |
| Current Assets | $277.8M | $185.5M | $219.9M | $484.0M |
| Total Assets | $2.48B | $2.38B | $2.37B | $5.75B |
| Current Liabilities | $159.6M | $150.6M | $250.8M | $410.0M |
| Total Long-Term Debt | $1.23B | $1.34B | $1.59B | $3.77B |
| Total Liabilities | $1.69B | $1.64B | $1.92B | $4.80B |
| Shareholders' Equity | $551.6M | $484.3M | $202.7M | $21.3M |
FTAI Infrastructure Cash Flow Statement
| FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|
| Cash From Operations | -$42.7M | $5.5M | -$15.3M | -$118.0M |
| Cash From Investing | -$267.3M | -$147.1M | -$118.1M | -$1.14B |
| Cash From Financing | $157.7M | $79.4M | $193.2M | $1.44B |
| Free Cash Flow | -$259.8M | -$93.5M | -$94.8M | -$398.5M |
Figures from FTAI Infrastructure's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full FTAI Infrastructure financials page for every line item.
FTAI Infrastructure Company Profile
| Ticker | FIP |
|---|---|
| Exchange | Nasdaq |
| Industry | Railroads, Line-Haul Operating |
| Headquarters | New York, New York |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001899883 |
Frequently Asked Questions
What was FTAI Infrastructure's revenue in fiscal 2025?
FTAI Infrastructure (FIP) reported revenue of $502.5M for fiscal 2025.
What is FTAI Infrastructure's annual revenue history?
FTAI Infrastructure's annual revenue by fiscal year: 2022: $262.0M; 2023: $320.5M; 2024: $331.5M; 2025: $502.5M.
What was FTAI Infrastructure's net income in fiscal 2025?
FTAI Infrastructure reported net income of -$107.2M for fiscal 2025.
What was FTAI Infrastructure's earnings per share (EPS) in fiscal 2025?
FTAI Infrastructure's diluted EPS was -$2.26 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did FTAI Infrastructure generate in fiscal 2025?
FTAI Infrastructure generated -$398.5M of free cash flow in fiscal 2025.
What was FTAI Infrastructure's revenue last quarter?
In its most recent reported quarter (2026 Q2), FTAI Infrastructure reported revenue of $186.8M.
How much debt does FTAI Infrastructure have?
FTAI Infrastructure reported $3.77B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of FTAI Infrastructure are outstanding?
FTAI Infrastructure reported a weighted average of 118.2 million basic shares outstanding in 2026 Q2.
What is FTAI Infrastructure's market cap?
Based on its latest closing price, FTAI Infrastructure (FIP) has a market capitalization of about $288.3M.
When does FTAI Infrastructure's fiscal year end?
FTAI Infrastructure's fiscal year end, as registered with the SEC, is December 31.
Where is FTAI Infrastructure headquartered?
FTAI Infrastructure lists its business address in New York, New York in its SEC filings.