Short answer
FTAI Infrastructure Inc. (FIP) filed its Q3 2025 10-Q quarterly report on Oct 31, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $141M (up 68.7% year over year) with net income of −$118M.
Q3 2025 key financials · XBRL
- Revenue
- $141M
- +68.7% YoY · +14.9% QoQ
- Net income
- −$118M
- −136.8% YoY · −48.3% QoQ
- EPS (diluted)
- −$1.39
- −208.9% YoY · −104.4% QoQ
Source: XBRL data from the FTAI Infrastructure Inc. (FIP) Q3 2025 10-Q on SEC EDGAR. USD.
FTAI Infrastructure Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $140.6M vs $83.3M, up $57.2M YoY, driven by Power and Gas acquisition
- Net loss $104.5M vs $43.0M; Adjusted EBITDA $70.9M vs $36.9M
- Best segment Power and Gas, revenue $58.6M above prior year from Long Ridge acquisition
- Worst segment Railroad, revenue $42.9M vs $44.8M, down $1.9M from lower carloads and rates
- Interest expense up $41.8M; average debt increased approximately $2.0B, including $1.2B Long Ridge debt
Risk Factors
- No material changes identified versus the 10-K; risks appear carried forward
- Stand-alone operating risk from limited history and higher public-company costs after the FTAI spin-off
- Rail regulatory and environmental exposure, including potential remediation liabilities and civil or criminal penalties
- Near-term competition risk from infrastructure investors with greater capital and lower funding costs
- Debt-service risk if insufficient free cash flow limits refinancing, asset sales, or principal repayment at maturity
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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