What is FTAI Infrastructure Inc.'s warrant liabilities?

FTAI Infrastructure Inc. (FIP) reported warrant liabilities of $81.6M in Q4 2025.

What does warrant liabilities mean?

This reflects the fair value of outstanding warrants that grant holders the right to purchase company equity at a specified price, classified as a long-term liability. Because these instruments are often marked-to-market, changes in the liability value can impact net income based on fluctuations in the company's stock price. It serves as an indicator of potential future dilution and long-term financial obligations.

FTAI Infrastructure Inc. FIP Warrant liabilities

Warrant liabilities at other companies

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$69.82M+171%

Archer AviationACHR

$7.1M-85.1%

SatellogicSATL

$31.64M+112%

Gryphon Digital Mining, Inc.ABTC

$77K—

Vor BiopharmaVOR

$638.46M—

Ribbon Communications Inc.RBBN

$1.92M-76.2%

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/S1×-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:WarrantLiabilityNoncurrent.

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 warrant liabilities?: FTAI Infrastructure Inc. (FIP) reported warrant liabilities of $81.6M in Q4 2025.
What does warrant liabilities mean?: This reflects the fair value of outstanding warrants that grant holders the right to purchase company equity at a specified price, classified as a long-term liability. Because these instruments are often marked-to-market, changes in the liability value can impact net income based on fluctuations in the company's stock price. It serves as an indicator of potential future dilution and long-term financial obligations.