FIP (FTAI Infrastructure Inc.) Stock Financials & Earnings | Market Cap Arena

FIP (FTAI Infrastructure Inc.) Stock Financials & Earnings | Market Cap Arena

FIPFTAI Infrastructure Inc.

Mkt Cap$650M

Industrials·Conglomerates·🇺🇸 United States·NASDAQ

Revenue (TTM)$503M

Net Income (TTM)-$107M

EPS (TTM)-$2.26

Free Cash Flow (TTM)-$184M

Gross Margin11.1%

Op. Margin7.9%

Net Margin-21.3%

FCF Margin-36.6%

P/S Ratio (TTM)1.3x

P/E Ratio (TTM)—

YoY Rev Growth+51.6%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$76M	$76M	-$15M
Q2 23	$82M	-$4M	-$8M
Q3 23	$81M	-$11M	-$14M
Q4 23	$81M	$81M	-$3M
Q1 24	$83M	-$6M	-$10M
Q2 24	$85M	$723K	-$2M
Q3 24	$83M	-$2M	-$5M
Q4 24	$81M	$81M	-$4M
Q1 25	$96M	$2M	-$4M
Q2 25	$122M	$10M	$6M
Q3 25	$141M	$27M	$24M
Q4 25	$144M	$17M	$13M

Valuation

Quarter	P/S	P/E
Q1 23	2.2x	—
Q2 23	2.1x	—
Q3 23	2.1x	—
Q4 23	2.0x	—
Q1 24	2.0x	—
Q2 24	2.0x	—
Q3 24	2.0x	—
Q4 24	2.0x	—
Q1 25	1.9x	—
Q2 25	1.7x	—
Q3 25	1.5x	—
Q4 25	1.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	-$12M	-$52M
Q2 23	-$5M	-$31M
Q3 23	$15M	$2M
Q4 23	$8M	-$14M
Q1 24	-$4M	-$17M
Q2 24	-$18M	-$33M
Q3 24	$14M	-$12M
Q4 24	-$8M	-$36M
Q1 25	-$86M	-$152M
Q2 25	-$5M	-$88M
Q3 25	-$24M	$125M
Q4 25	-$3M	-$69M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$40M
Q2 23	$26M
Q3 23	$13M
Q4 23	$22M
Q1 24	$13M
Q2 24	$15M
Q3 24	$26M
Q4 24	$28M
Q1 25	$67M
Q2 25	$82M
Q3 25	$149M
Q4 25	$66M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+65.8%	+48.4%
Q2 23	+24.2%	+24.6%
Q3 23	+2.7%	+11.0%
Q4 23	+14.1%	+0.3%
Q1 24	+7.9%	+1.6%
Q2 24	+3.7%	-3.2%
Q3 24	+3.2%	-6.6%
Q4 24	-0.8%	+1.0%
Q1 25	+16.5%	+7.3%
Q2 25	+44.1%	+33.3%
Q3 25	+68.7%	+32.6%
Q4 25	+77.7%	+53.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$895K	1.2%
Q2 23	$642K	0.8%
Q3 23	$4M	5.3%
Q4 23	$3M	4.2%
Q1 24	$2M	2.8%
Q2 24	$2M	2.1%
Q3 24	$3M	3.2%
Q4 24	$2M	2.3%
Q1 25	$1M	1.3%
Q2 25	$910K	0.7%
Q3 25	$2M	1.1%
Q4 25	$7M	5.1%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 23	$6M	—
Q2 23	—	$4M
Q3 23	—	$2M
Q4 23	$3M	—
Q1 24	$5M	—
Q2 24	$3M	—
Q3 24	$3M	—
Q4 24	$4M	—
Q1 25	$5M	—
Q2 25	$4M	—
Q3 25	$3M	—
Q4 25	$4M	—

Revenue Segments

Quarter

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$40M	$22M	$62M
Q2 23	$43M	$20M	$62M
Q3 23	$24M	$0	$24M
Q4 23	$29M	$0	$29M
Q1 24	$23M	$0	$23M
Q2 24	$33M	$0	$33M
Q3 24	$20M	$0	$20M
Q4 24	$28M	$0	$28M
Q1 25	$26M	$0	$26M
Q2 25	$448M	$0	$448M
Q3 25	$35M	$0	$35M
Q4 25	$326M	$0	$326M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	103M	+3.4%
Q2 23	103M	+0.0%
Q3 23	103M	+0.0%
Q4 23	103M	+0.6%
Q1 24	104M	+0.7%
Q2 24	105M	+0.8%
Q3 24	110M	+4.5%
Q4 24	108M	-1.4%
Q1 25	123M	+13.4%
Q2 25	115M	-6.4%
Q3 25	116M	+0.6%
Q4 25	116M	+0.6%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	$655K	400
FY 23	$728K	440
FY 24	$495K	670
FY 25	$750K	670