FTAI Infrastructure Inc.
FIP- Exchange
- Nasdaq
- Industry
- Railroads, Line-Haul Operating
- SEC CIK
- 0001899883
In the last 90 days, FTAI Infrastructure Inc. insiders filed 2 open-market purchases and 0 sales; 179 institutions reported holding it in 13F filings for Q2 2026, worth $482.6M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 11:01 PM ET
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 28, 2025 | Feb 29, 2024 | Jan 24, 2023 |
| Revenue | $502.5M | $331.5M | $320.5M | $262.0M |
| Operating expenses | $299.6M | $247.7M | $253.7M | $208.2M |
| Selling, general and administrative | $16.2M | $14.8M | $12.8M | $10.9M |
| Interest expense | $265.9M | $122.1M | $99.6M | $53.2M |
| Income tax | -$3.32M | $3.31M | $2.47M | $4.47M |
| Net income | -$152.1M | -$266.1M | -$159.8M | -$187.5M |
| EPS, basic | $-2.24 | $-2.72 | $-1.78 | $-1.73 |
| EPS, diluted | $-2.26 | $-2.72 | $-1.79 | $-1.73 |
| Weighted shares, basic | 115.2M | 108.2M | 103.0M | 102.7M |
| Weighted shares, diluted | 115.2M | 108.2M | 103.0M | 102.7M |
| Margins and growth | ||||
| Net margin | -30.3% | -80.3% | -49.8% | -71.6% |
| Revenue growth, year over year | +51.6% | +3.4% | +22.3% | – |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025! | FY2024! | FY2023! | FY2022! |
|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 28, 2025 | Feb 29, 2024 | Jan 24, 2023 |
| Cash and equivalents | $57.4M | $27.8M | $29.4M | $36.5M |
| Total current assets | $484.0M | $219.9M | $185.5M | $277.8M |
| Property, plant and equipment | $4.58B | $1.65B | $1.63B | $1.67B |
| Goodwill | $365.7M | $275.4M | $275.4M | $260.3M |
| Intangible assets | $43.2M | $46.2M | $52.6M | $60.2M |
| Total assets | $5.75B | $2.37B | $2.38B | $2.48B |
| Short-term debt | $65.4M | $48.6M | $0 | $0 |
| Total current liabilities | $410.0M | $250.8M | $150.6M | $159.6M |
| Long-term debt | $3.71B | $1.54B | $1.34B | $1.23B |
| Total liabilities | $4.80B | $1.92B | $1.64B | $1.69B |
| Shareholders' equity | -$146.2M | $75.1M | $412.9M | $524.8M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 |
| Filing | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 28, 2025 | Feb 29, 2024 | Jan 24, 2023 |
| Operating cash flow | -$118.0M | -$15.3M | $5.51M | -$42.7M |
| Capital expenditures | $280.5M | $79.5M | $99.0M | $217.1M |
| Free cash flow | -$398.5M | -$94.8M | -$93.5M | -$259.8M |
| Depreciation and amortization | $132.5M | $79.4M | $81.0M | $70.7M |
| Stock-based compensation | $11.1M | $8.64M | $9.20M | $4.15M |
| Dividends paid | $13.8M | $13.1M | $12.4M | $3.08M |
| Investing cash flow | -$1.14B | -$118.1M | -$147.1M | -$267.3M |
| Financing cash flow | $1.44B | $193.2M | $79.4M | $157.7M |
| Net change in cash | $178.7M | $59.8M | -$62.2M | -$152.2M |
| Ratio | ||||
| Stock-based compensation, % of revenue | 2.2% | 2.6% | 2.9% | 1.6% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Nov 4, 2026 | 118.2M | +1.6% | SEC |
| Aug 4, 2026 | 118.2M | +2.7% | SEC |
| May 6, 2026 | 118.2M | +3.0% | SEC |
| Mar 13, 2026 | 118.2M | +3.7% | SEC |
| Oct 29, 2025 | 116.3M | +2.2% | SEC |
| Aug 11, 2025 | 115.1M | +9.6% | SEC |
| May 9, 2025 | 114.8M | +12.8% | SEC |
| Mar 10, 2025 | 113.9M | +12.0% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
- A column marked ! failed an accounting identity (gross profit = revenue − cost of revenue, or assets = liabilities + equity, within 1%). Its numbers are shown as filed.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.