{ "ok": true, "cik": "1899883", "ticker": "FIP", "name": "FTAI INFRASTRUCTURE INC.", "filings": [ { "form": "8-K", "filed": "2026-09-28", "items": [ "1.01 Entry into a Material Definitive Agreement", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1899883/000114036126037763/0001140361-26-037763-index.htm" }, { "form": "10-Q", "filed": "2026-08-10", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1899883/000189988326000036/0001899883-26-000036-index.htm" }, { "form": "8-K", "filed": "2026-08-05", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1899883/000189988326000031/0001899883-26-000031-index.htm" }, { "form": "8-K", "filed": "2026-07-02", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1899883/000114036126027428/0001140361-26-027428-index.htm" }, { "form": "8-K", "filed": "2026-05-29", "items": [ "5.07 Submission of Matters to a Vote of Security Holders" ], "url": "https://www.sec.gov/Archives/edgar/data/1899883/000114036126023327/0001140361-26-023327-index.htm" }, { "form": "10-Q", "filed": "2026-05-08", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1899883/000189988326000025/0001899883-26-000025-index.htm" } ], "events12m": 10, "healthWatch": { "window": "last 12 months", "since": "2025-09-29", "signals": [ { "code": "NT 10-K", "label": "Late annual report notice", "count": 1, "latest": { "filed": "2026-03-03", "url": "https://www.sec.gov/Archives/edgar/data/1899883/000114036126007549/0001140361-26-007549-index.htm" } }, { "code": "4.01", "label": "Auditor change", "count": 1, "latest": { "filed": "2026-04-17", "url": "https://www.sec.gov/Archives/edgar/data/1899883/000114036126015294/0001140361-26-015294-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001899883.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1899883" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up FTAI INFRASTRUCTURE INC. ($FIP). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-28. 10 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2026-04-17.", "auditor": { "changes": [ { "filed": "2026-04-17", "url": "https://www.sec.gov/Archives/edgar/data/1899883/000114036126015294/0001140361-26-015294-index.htm" } ], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 502520000, "revenueGrowth1y": 0.5159111545504182, "revenueGrowthPerYear": 0.4298650799865156, "yearsOfData": 5, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": -0.30258298177186976, "operatingCashFlow": -118008000, "capitalSpending": 280526000, "freeCashFlow": -398534000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 57351000, "longTermDebt": 3774173000, "longTermDebtChange": 1.3769302225986957, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 120219000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 261966000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 320472000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 331497000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 502520000 } ], "totalEquity": 21324000, "totalAssets": 5748661000, "equityRatio": 0.003709385542128854, "returnOnEquity": -7.130650909773026, "dividendsPaid": 13831000, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -2.26, "sharesOutstanding": 115214910, "bookValuePerShare": 0.18508021227460925, "revenuePerShare": 4.361588270129274, "range80": { "low": 461738443.456266, "high": 1008974128.795202, "baseline": 693082994.5363294, "n": 4309, "band": "b01", "bandLabel": "$100M–1B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.3214960213806518, "classVolatility": 0.1022985825903761, "volatility": 0.23856308574839122 }, "ifPaceHeld": { "low": 461738443.456266, "high": 1008974128.795202 } }, "edgarette": "🔖 Exposure: revenue $502.5M (FY2025), total debt $3.8B. Experience: revenue up 51.6% on the year, up 43.0% a year over 4 years. Soundness: equity 0.4% of assets, return on equity -713.1%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $461.7M and $1.0B next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $378.9M to $1.2B. A statistical range, not company guidance.", "summary": "Ftai Infrastructure (FIP) grew revenue 51.6% in FY2025 to $503 million, equity 0.4% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
FTAI INFRASTRUCTURE INC. against its own record and its peers
Revenue, on the year51.6%Equity of assets0.4%Return on equity-713.1%No peer group large enough for a median
", "chartHorizon": null, "backtest": { "tests": 2, "hits": 2, "rate": 1, "method": "v4", "byYear": { "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-29T14:14:52.711Z", "hash": "8528e4ba7d9d9036", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Ftai Infrastructure (FIP) grew revenue 51.6% in FY2025 to $503 million, equity 0.4% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 502520000, "totalDebt": 3774173000, "cash": 57351000 }, "experience": { "revenueGrowth1y": 0.5159111545504182, "revenueGrowthPerYear": 0.4298650799865156, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": -0.30258298177186976, "freeCashFlow": -398534000 }, "soundness": { "equityRatio": 0.003709385542128854, "returnOnEquity": -7.130650909773026, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": null, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": { "filed": "2026-04-17", "url": "https://www.sec.gov/Archives/edgar/data/1899883/000114036126015294/0001140361-26-015294-index.htm" } }, "healthWatch": { "window": "last 12 months", "since": "2025-09-29", "signals": [ { "code": "NT 10-K", "label": "Late annual report notice", "count": 1, "latest": { "filed": "2026-03-03", "url": "https://www.sec.gov/Archives/edgar/data/1899883/000114036126007549/0001140361-26-007549-index.htm" } }, { "code": "4.01", "label": "Auditor change", "count": 1, "latest": { "filed": "2026-04-17", "url": "https://www.sec.gov/Archives/edgar/data/1899883/000114036126015294/0001140361-26-015294-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 461738443.456266, "high": 1008974128.795202, "baseline": 693082994.5363294, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4309, "sizeBand": "$100M–1B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.3214960213806518, "classVolatility": 0.1022985825903761, "pricedVolatility": 0.23856308574839122, "k": 3 }, "stress": { "low": 378888949.34635067, "high": 1239405677.3448136, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 2, "hits": 2, "rate": 1, "method": "v4", "byYear": { "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-29T14:14:52.711Z", "hash": "8528e4ba7d9d9036", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001899883.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1899883" }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.2348, "growth3y": 0.2425, "volatility": 0.3215, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.0037, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "notyet", "inside": "Turns -23.5% of revenue into operating cash; revenue growing 24.3% a year over three years; pays and raised its dividend.", "outside": "Among $100M-1B companies: 8th percentile for cash, 82nd for growth.", "emoji": "⚡", "label": "Fast, cash not yet", "plain": "growing fast, but little cash arriving so far" }, "band": "$100M-1B", "cashPctInClass": 8, "growthPctInClass": 82, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed late annual report notice, auditor change in the last 12 months" }, { "key": "cash", "text": "operating cash flow was negative" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±37%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -118008000, "investing": -1142666000, "financing": 1439324000, "capitalSpending": 280526000, "free": -398534000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -61716000, "free": -202613000 }, { "fiscalYearEnd": "2022-12-31", "operating": -42690000, "free": -259831000 }, { "fiscalYearEnd": "2023-12-31", "operating": 5513000, "free": -93509000 }, { "fiscalYearEnd": "2024-12-31", "operating": -15278000, "free": -94814000 }, { "fiscalYearEnd": "2025-12-31", "operating": -118008000, "free": -398534000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 57351000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 5748661000, "ladder": null, "currentRatio": 1.18, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.2348, "growth3y": 0.2425, "volatility": 0.3215, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.0037, "quadrant": { "code": "fj", "label": "Fast and jumpy", "plain": "growing faster than its size class, with revenue that swings more" }, "compass": { "code": "notyet", "inside": "Turns -23.5% of revenue into operating cash; revenue growing 24.3% a year over three years; pays and raised its dividend.", "outside": "Among $100M-1B companies: 8th percentile for cash, 82nd for growth.", "emoji": "⚡", "label": "Fast, cash not yet", "plain": "growing fast, but little cash arriving so far" }, "band": "$100M-1B", "cashPctInClass": 8, "growthPctInClass": 82, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed late annual report notice, auditor change in the last 12 months" }, { "key": "cash", "text": "operating cash flow was negative" }, { "key": "range", "text": "revenue is hard to predict: its 80% range is ±37%" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -118008000, "investing": -1142666000, "financing": 1439324000, "capitalSpending": 280526000, "free": -398534000, "trend": [ { "fiscalYearEnd": "2021-12-31", "operating": -61716000, "free": -202613000 }, { "fiscalYearEnd": "2022-12-31", "operating": -42690000, "free": -259831000 }, { "fiscalYearEnd": "2023-12-31", "operating": 5513000, "free": -93509000 }, { "fiscalYearEnd": "2024-12-31", "operating": -15278000, "free": -94814000 }, { "fiscalYearEnd": "2025-12-31", "operating": -118008000, "free": -398534000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 57351000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 5748661000, "ladder": null, "currentRatio": 1.18, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }