FTAI Infrastructure Inc. (FIP)

FTAI Infrastructure Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	439.77	331.5	320.47	261.97	120.22	68.56
Revenue Growth (YoY)	32.39%	3.44%	22.33%	117.91%	75.34%	-70.12%
Cost of Revenue	275.57	247.67	253.67	208.16	98.54	69.39
Gross Profit	164.19	83.82	66.8	53.81	21.68	-0.83
Selling, General & Admin	3.87	2.06	31.04	23.86	24.38	21.6
Operating Expenses	116.92	81.47	112.03	94.6	78.39	52.71
Operating Income	47.27	2.36	-45.23	-40.8	-56.71	-53.54
Interest Expense	-208.94	-122.11	-99.6	-53.24	-16.02	-10.76
Earnings From Equity Investments	-10.25	-55.5	-24.71	-67.4	-13.5	-3.11
Other Non Operating Income (Expenses)	-7.82	-3.16	12.33	-3.17	-8.93	0.09
EBT Excluding Unusual Items	-179.74	-178.4	-157.22	-164.6	-95.16	-67.32
Merger & Restructuring Charges	-16.52	-5.46	-4.14	-16.84	-14.83	-1.66
Gain (Loss) on Sale of Assets	119.63	2.37	6.86	-1.6	0.02	-0.01
Asset Writedown	-76.74	-72.34	-0.74	-	-	-
Other Unusual Items	-147.14	-79.74	-64.44	-23.66	-	-4.72
Pretax Income	-300.51	-333.57	-219.68	-206.71	-109.97	-73.71
Income Tax Expense	-34.15	3.31	2.47	4.47	-3.63	-1.98
Earnings From Continuing Operations	-266.36	-336.88	-222.15	-211.17	-106.34	-71.72
Minority Interest in Earnings	44.36	42.42	38.41	33.93	26.47	16.52
Net Income	-222	-294.46	-183.74	-177.24	-79.87	-55.2
Net Income to Common	-268.43	-294.46	-183.74	-177.24	-79.87	-55.2
Shares Outstanding (Basic)	115	108	103	103	99	99
Shares Outstanding (Diluted)	115	108	103	103	99	99
Shares Change (YoY)	8.54%	5.11%	0.21%	3.38%	-	-
EPS (Basic)	-2.34	-2.72	-1.78	-1.73	-0.80	-0.56
EPS (Diluted)	-2.34	-2.72	-1.79	-1.73	-0.80	-0.56
Free Cash Flow	-366.44	-98.1	-95.23	-259.83	-202.61	-294.38
Free Cash Flow Per Share	-3.20	-0.91	-0.93	-2.53	-2.04	-2.96
Dividend Per Share	0.120	0.120	0.120	0.060	-	-
Dividend Growth	-	-	100.00%	-	-	-
Gross Margin	37.34%	25.29%	20.84%	20.54%	18.03%	-1.21%
Operating Margin	10.75%	0.71%	-14.12%	-15.57%	-47.17%	-78.09%
Profit Margin	-61.04%	-88.83%	-57.33%	-67.66%	-66.44%	-80.51%
Free Cash Flow Margin	-83.33%	-29.59%	-29.72%	-99.19%	-168.54%	-429.37%
EBITDA	160.33	81.77	35.76	29.95	-2.7	-22.42
EBITDA Margin	36.46%	24.67%	11.16%	11.43%	-2.24%	-32.71%
D&A For EBITDA	113.06	79.41	80.99	70.75	54.02	31.11
EBIT	47.27	2.36	-45.23	-40.8	-56.71	-53.54
EBIT Margin	10.75%	0.71%	-14.12%	-15.57%	-47.17%	-78.09%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q