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Other financials

Income statement

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Revenue$186.8M+52.7%
Net income-$139.4M-99.3%
EPS (diluted)-$1.41-93.2%

Balance sheet

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Cash & equivalents$32.6M-3.0%
Total debt$2.9B-9.0%
Total equity-$329.8M-188%
Total assets$5.7B+30.4%

Cash flow

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Operating cash flow-$69.4M+19.0%
CapEx$82.6M+0.9%
Free cash flow-$43.5M+50.0%

Valuation

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Market cap$504.56M-9.2%
Enterprise value$3.34B-9.1%
P/S0.8×-0.7×

Profitability

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Net margin-71.1%-295pp
FCF margin-48.3%-12.6pp

Returns & leverage

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Return on equity-135.8%+413pp
Debt / equity180.7×+173×
Current ratio0.3×-1.2×

Where this comes from

Reported directly by FTAI Infrastructure Inc. in its filing.

Tagged under the XBRL concept us-gaap:DeferredRevenue.

The source filing: FTAI Infrastructure Inc.’s 10-K, filed March 16, 2026.

Filed
Mar 16, 2026, 9:29 AM EDT
Fiscal year
FY2025
Accession
0001899883-26-000015

Other Current Liabilities—Other current liabilities primarily include insurance premium liabilities of $2.7 million and $5.0 million and deferred revenue of $11.5 million and $8.3 million as of December 31, 2025 and 2024, respectively. During the year ended December 31, 2025, the Company recognized revenue of $2.5 million that was included in the deferred revenue balance at the beginning of the year.

Item 8. Consolidated Financial Statements of FTAI Infrastructure Inc.

FAQ

What is FTAI Infrastructure Inc.'s deferred revenue?
FTAI Infrastructure Inc. (FIP) reported deferred revenue of $11.5M in Q4 2025.
What is the long-term trend for FTAI Infrastructure Inc.'s deferred revenue?
Over 3 years (2022 to 2025), FTAI Infrastructure Inc.'s deferred revenue has grown at a 51.6% compound annual growth rate (CAGR), from $3.3M to $11.5M.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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