← FTAI Infrastructure Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $68.6m |
$120.2m
+75.34%
|
$262.0m
+117.91%
|
$320.5m
+22.33%
|
$331.5m
+3.44%
|
$502.5m
+51.59%
|
$659.2m
+31.18%
|
|
| General and administrative | $8.5m | $8.7m | $10.9m | $12.8m | $14.8m | $16.2m | $14.5m | |
| Operating expenses | $69.4m | $98.5m | $208.2m | $253.7m | $247.7m | $299.6m | $590.3m | |
| Interest expense | ($10.8m) | ($16.0m) | ($53.2m) | ($99.6m) | ($122.1m) | ($265.9m) | $351.6m | |
| Gain on sale of assets, net | ($8k) | $16k | ($1.6m) | $6.9m | $2.4m | $128.8m | — | |
| Other income (expense) | ||||||||
| Total other expense | ($18.5m) | ($38.4m) | ($125.4m) | ($112.9m) | ($163.3m) | ($163.3m) | — | |
| Loss before income taxes | ($73.7m) | ($110.0m) | ($183.0m) | ($157.3m) | ($262.8m) | ($155.4m) | — | |
| Net loss | ($71.7m) | ($106.3m) | ($187.5m) | ($159.8m) | ($266.1m) | ($152.1m) | — | |
| Less: Net loss attributable to non-controlling interests in consolidated subsidiaries | ($16.5m) | ($26.5m) | ($33.9m) | ($38.4m) | ($42.4m) | ($44.9m) | — | |
| Net loss attributable to stockholders, before series B preferred stock dividend and loss on extinguishment of preferred stock | ($55.2m) | ($79.9m) | ($177.2m) | ($183.7m) | ($294.5m) | ($207.4m) | — | |
| Net loss attributable to common stockholders | — | — | — | ($183.7m) | ($294.5m) | ($260.4m) | — | |
| Basic (dollar per share) | ($0.72) | ($1.07) | ($1.83) | ($1.55) | ($2.46) | ($1.32) | — | |
| Diluted (dollars per share) | ($0.72) | ($1.07) | ($1.83) | ($1.55) | ($2.46) | ($1.32) | — | |
| Acquisition and transaction expenses | $1.7m | $14.8m | $16.8m | $4.1m | $5.5m | $27.1m | — | |
| Management fees and incentive allocation to affiliate | $13.1m | $15.6m | $13.0m | $12.5m | $11.3m | $14.7m | — | |
| Depreciation and amortization | $31.1m | $54.0m | $70.7m | $81.0m | $79.4m | $132.5m | $163.7m | |
| Asset impairment | — | — | — | $743k | $72.3m | $4.4m | — | |
| Equity in earnings (losses) of unconsolidated entities | ($3.1m) | ($13.5m) | ($67.4m) | ($24.7m) | ($55.5m) | $12.3m | — | |
| Loss on modification or extinguishment of debt | ($4.7m) | $0 | $0 | ($2.0m) | ($8.9m) | ($59.3m) | — | |
| Less: Preferred dividends and accretion on redeemable non-controlling interests | — | — | — | $0 | $0 | $44.6m | — | |
| Less: Dividends and accretion of redeemable preferred stock | $0 | $0 | $23.7m | $62.4m | $70.8m | $55.6m | — | |
| Total expenses | $123.8m | $191.8m | $319.6m | $364.8m | $431.0m | $494.6m | $590.3m | |
| Total provision | ($2.0m) | ($3.6m) | $4.5m | $2.5m | $3.3m | ($3.3m) | — |