FY2025 · ended Dec 31, 2025 · Revenue $502.52M, +51.6% YoY · Filed Mar 16, 2026
Ftai Infrastructure Inc. (FIP) files with the SEC under industry code 4011, Railroads, Line-Haul Operating. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $502.5 million and a net loss of $152.1 million. Free cash flow was -$398.5 million. As of Jun 30, 2026 it held $32.6 million in cash and investments and $2.9 billion in total debt.
Revenue (TTM)
$659.21M
+72.3% vs year-ago TTM
Net income (TTM)
$-468.91M
-299.3% vs year-ago TTM
Operating cash flow (TTM)
$-57.48M
+32.1% vs year-ago TTM
Free cash flow (TTM)
$-318.71M
-11.8% vs year-ago TTM
EPS (TTM)
$-4.75
-238.9% vs year-ago TTM
Dividend per share
None
Shares outstanding
118.16M
+3.7% vs prior year
Net cash
$-2.83B
as of Jun 30, 2026
Operating margin
—
Company profile
- Industry
- Railroads, Line-Haul Operating (SIC 4011)
- Listed as
- FIP (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- New York, NY
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1899883
- Former names
- FTAI Infrastructure LLC (until Jul 25, 2022)
Other Railroads, Line-Haul Operating companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
|---|---|---|---|---|
| Revenue | $502.5M | $331.5M | $320.5M | $262.0M |
| Net income | -$152.1M | -$266.1M | -$159.8M | -$187.5M |
| Diluted EPS | -$2.26 | -$2.72 | -$1.79 | -$1.73 |
| Operating cash flow | -$118.0M | -$15.3M | $5.5M | -$42.7M |
| Free cash flow | -$398.5M | -$94.8M | -$93.5M | -$259.8M |
| Total assets | $5.7B | $2.4B | $2.4B | $2.5B |
| Total liabilities | $4.8B | $1.9B | $1.6B | $1.7B |
| Stockholders' equity | $21.3M | $202.7M | $484.3M | $551.6M |
| Cash and investments | $57.4M | $27.8M | $29.4M | $36.5M |
| Total debt | $3.9B | $1.7B | $1.4B | $1.3B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Regulation FD disclosure, Other events
|
Oct 23, 2026 | Oct 23, 2026 |
| 8-K |
Current report
Material agreement, Regulation FD disclosure
|
Sep 28, 2026 | Sep 27, 2026 |
| 10-Q | Quarterly report | Aug 10, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 5, 2026 | Aug 5, 2026 |
| 8-K |
Current report
Material agreement, New debt
|
Jul 2, 2026 | Jul 1, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 29, 2026 | May 29, 2026 |
All 225 Ftai Infrastructure Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.