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FTAI Infrastructure Inc. FIP Investment in convertible promissory notes

Investment in convertible promissory notes at other companies

Karman Holdings Inc. logo
Karman Holdings Inc.KRMN
$6M
Marcus & Millichap logo
Marcus & MillichapMMI
$0
Alphatec Holdings logo
Alphatec HoldingsATEC
$0-100%
Alphatec Holdings logo
Alphatec HoldingsATEC
$0-100%
TransUnion logo
TransUnionTRU
$1M-95.0%
Blend Labs logo
Blend LabsBLND
$2.42M

Other financials

Income statement

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Revenue$188.4M+95.9%
Net income-$127.2M-206%
EPS (diluted)-$1.32-248%

Balance sheet

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Cash & equivalents$37.9M+43.8%
Total debt$3.9B+38.5%
Total equity-$122.5M-126%
Total assets$5.7B+37.3%

Cash flow

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Operating cash flow-$69.4M+19.0%
CapEx$46.5M-30.1%
Free cash flow-$115.9M+23.9%

Valuation

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Market cap$580.18M-18.9%
Enterprise value$4.45B+26.8%
P/S-1.1×

Profitability

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Net margin-67.2%-225pp
FCF margin-60.9%-4.9pp

Returns & leverage

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Return on equity-135.8%+413pp
Debt / equity180.7×+173×
Current ratio1.1×+0.2×

Where this comes from

Reported directly by FTAI Infrastructure Inc. in its filing.

Tagged under the XBRL concept ftai:InvestmentInConvertiblePromissoryNotes.

The official record: FTAI Infrastructure Inc.’s 10-K, filed March 16, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FTAI Infrastructure Inc.'s investment in convertible promissory notes?
FTAI Infrastructure Inc. (FIP) reported investment in convertible promissory notes of $0 in Q4 2025.
How has FTAI Infrastructure Inc.'s investment in convertible promissory notes changed year-over-year?
FTAI Infrastructure Inc.'s investment in convertible promissory notes decreased by 100.0% year-over-year, from $7.86M to $0.
What is the long-term trend for FTAI Infrastructure Inc.'s investment in convertible promissory notes?
Over 4 years (2021 to 2025), FTAI Infrastructure Inc.'s investment in convertible promissory notes has grown at a -100.0% compound annual growth rate (CAGR), from $10M to $0.
What does investment in convertible promissory notes mean?
Measures cash outflows for the purchase of debt instruments that carry the option to be converted into equity of the issuer. This indicates a strategic investment approach that balances debt-like security with potential future equity upside.