# FTAI Infrastructure Inc.: overview

FIP · Nasdaq · CIK 1899883 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/fip.md) · [Financials](/companies/fip/financials.md) · [Filings](/companies/fip/filings.md) · [Insiders](/companies/fip/insiders.md)

Latest reported revenue: [$186.8m](/filings/0001899883-26-000036.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 10, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001899883-26-000036).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [83.3](/filings/0001899883-25-000054.md) | [80.8 d](/filings/0001899883-26-000015.md) | [96.2](/filings/0001899883-26-000025.md) | [122](/filings/0001899883-26-000036.md) | [141](/filings/0001899883-25-000054.md) | [144 d](/filings/0001899883-26-000015.md) | [188](/filings/0001899883-26-000025.md) | [187](/filings/0001899883-26-000036.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(51.6%)](/filings/0001899883-25-000054.md) | [(154.4%) d](/filings/0001899883-26-000015.md) | [125.0%](/filings/0001899883-26-000036.md) | [(57.2%)](/filings/0001899883-26-000036.md) | [(74.4%)](/filings/0001899883-25-000054.md) | [(68.1%) d](/filings/0001899883-26-000015.md) | [(67.5%)](/filings/0001899883-26-000036.md) | [(74.7%)](/filings/0001899883-26-000036.md) |
| Diluted EPS | $ per share | [(0.45)](/filings/0001899883-25-000054.md) | not reported | [0.89](/filings/0001899883-26-000025.md) | [(0.73)](/filings/0001899883-26-000036.md) | [(1.38)](/filings/0001899883-25-000054.md) | not reported | [(1.32)](/filings/0001899883-26-000025.md) | [(1.41)](/filings/0001899883-26-000036.md) |
| Free cash flow | $m | [(11.7) d](/filings/0001899883-25-000054.md) | [(34.3) d](/filings/0001899883-26-000015.md) | [(152)](/filings/0001899883-26-000025.md) | [(87.0) d](/filings/0001899883-26-000036.md) | [(90.7) d](/filings/0001899883-25-000054.md) | [(68.6) d](/filings/0001899883-26-000015.md) | [(116)](/filings/0001899883-26-000025.md) | [(43.5) d](/filings/0001899883-26-000036.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [120](/filings/0001899883-24-000012.md) | [262](/filings/0001899883-25-000007.md) | [320](/filings/0001899883-26-000015.md) | [331](/filings/0001899883-26-000015.md) | [503](/filings/0001899883-26-000015.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(88.5%)](/filings/0001899883-24-000012.md) | [(71.6%)](/filings/0001899883-25-000007.md) | [(49.8%)](/filings/0001899883-26-000015.md) | [(80.3%)](/filings/0001899883-26-000015.md) | [(30.3%)](/filings/0001899883-26-000015.md) |
| Diluted EPS | $ per share | [(0.80)](/filings/0001899883-24-000012.md) | [(1.73)](/filings/0001899883-25-000007.md) | [(1.79)](/filings/0001899883-26-000015.md) | [(2.72)](/filings/0001899883-26-000015.md) | [(2.26)](/filings/0001899883-26-000015.md) |
| Free cash flow | $m | [(203)](/filings/0001899883-24-000012.md) | [(260)](/filings/0001899883-25-000007.md) | [(93.5)](/filings/0001899883-26-000015.md) | [(94.8)](/filings/0001899883-26-000015.md) | [(399)](/filings/0001899883-26-000015.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/fip/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $62.6m | 13,490,351 |  | Added +1,259,468 |
| [WASHINGTON STATE INVESTMENT BOARD](/funds/943712.md) | 2026-06-30 | $54.7m | 11,785,779 |  | Unchanged |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $41.5m | 8,950,618 |  | Added +708,946 |
| [FRONTIER CAPITAL MANAGEMENT CO LLC](/funds/351173.md) | 2026-06-30 | $38.3m | 8,257,704 |  | Added +702,012 |
| [CASPIAN CAPITAL LP](/funds/1518999.md) | 2026-06-30 | $24.2m | 5,211,307 |  | Unchanged |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $22.5m | 4,847,955 |  | Added +162,654 |
| [ALLIANCEBERNSTEIN L.P.](/funds/1109448.md) | 2026-06-30 | $21.0m | 4,253,292 |  | Reduced −944,709 |
| [Long Focus Capital Management, LLC](/funds/1602716.md) | 2026-06-30 | $16.3m | 3,517,209 |  | Reduced −556,096 |
| [ROYCE & ASSOCIATES LP](/funds/906304.md) | 2026-06-30 | $15.3m | 3,307,338 |  | Added +410,160 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $13.9m | 3,001,777 |  | Added +307,478 |

## Recent filings

[All 215 filings](/companies/fip/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-23 | 06:31 ET | [8-K](/filings/0001140361-26-040580.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001140361-26-040580 |
| 2026-09-28 | 06:46 ET | [8-K](/filings/0001140361-26-037763.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001140361-26-037763 |
| 2026-08-10 | 16:03 ET | [10-Q](/filings/0001899883-26-000036.md) | Quarterly report, period 2026-06-30 | 0001899883-26-000036 |
| 2026-08-05 | 16:18 ET | [8-K](/filings/0001899883-26-000031.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001899883-26-000031 |
| 2026-07-02 | 16:48 ET | [SCHEDULE 13D/A](/filings/0000921895-26-001743.md) | Ownership report, active investor, amended | 0000921895-26-001743 |
| 2026-07-02 | 16:05 ET | [8-K](/filings/0001140361-26-027428.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001140361-26-027428 |
| 2026-05-29 | 16:30 ET | [8-K](/filings/0001140361-26-023327.md) | 5.07 Shareholder vote results | 0001140361-26-023327 |
| 2026-05-08 | 16:32 ET | [10-Q](/filings/0001899883-26-000025.md) | Quarterly report, period 2026-03-31 | 0001899883-26-000025 |
| 2026-05-07 | 16:24 ET | [8-K](/filings/0001899883-26-000023.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001899883-26-000023 |
| 2026-04-30 | 07:36 ET | [8-K](/filings/0001140361-26-018033.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001140361-26-018033 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001899883-26-000015.md), filed Mar 16, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/c2c6e0ea-804e-468e-b4b6-8643c560d06f)

## About the filer

- CIK: 1899883
- Tickers: FIP
- Exchange: Nasdaq
- SIC code: 4011 Railroads, Line-Haul Operating
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:49 ET. No prices; not investment advice.