Ftai Infrastructure (FIP) Q3 FY2026 earnings: revenue $219 million, up 55.8% on the year
Ftai Infrastructure Inc. (FIP) reported revenue of $219 million for Q3 FY2026, the quarter ended 30 September 2026, up 55.8% on the same quarter a year earlier. Net income was -$150 million, and diluted earnings per share $-1.27. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2026.
Revenue
$219 million
+55.8% on the year · +17.2% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
9.0%
14.6% a year earlier
Q4 FY2024Q3 FY2026
Net income
-$150 million
Q4 FY2024Q3 FY2026
Diluted EPS
-$1.27
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 1 new, 1 kept.
Record quarterly Adjusted EBITDA reported: Adjusted EBITDA was $95.3 million, up from $76.1 million in the second quarter and $70.9 million a year earlier. The company described it as a new quarterly record.
Net loss per diluted share: Net loss attributable to common stockholders was $150.2 million, or $1.27 per share, compared with $166.5 million, or $1.41 per share, in the second quarter.
Railroad posted record revenue and EBITDA: Railroad Adjusted EBITDA was $47.4 million, up from $42.4 million in the second quarter. The release reports record revenues and Adjusted EBITDA for the rail segment.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
22.0
39.0
-24.4
-43.7%
Capital expenditure
85.4
82.6
66.3
+3.4%
+28.7%
Free cash flow
-63.4
-43.5
-90.7
Free cash flow margin
-28.9%
-23.3%
-64.5%
Cash from investing
-91.1
-133
-1,175
Cash from financing
21.3
71.6
1,105
-70.3%
-98.1%
Depreciation and amortisation
35.3
39.5
34.8
-10.6%
+1.5%
Share-based compensation
3.7
5.5
1.5
-33.1%
+140.0%
Dividends paid
3.5
3.5
3.5
0.0%
+2.6%
Diluted shares, weighted
118m
118m
116m
+0.0%
+2.3%
Shares outstanding at period end
118m
118m
116m
0.0%
+1.6%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
-544
-330
181
Non-controlling interest
-200
-189
-161
Redeemable equity
1,193
1,157
1,059
+3.1%
+12.7%
Deposits
0.0
0.0
n/a
Debt
2,828
2,764
3,728
+2.3%
-24.2%
Operating lease liabilities
94.7
91.5
61.3
+3.5%
+54.4%
Other liabilities
2,329
2,253
583
+3.4%
+299.4%
Total liabilities and equity
5,700
5,747
5,452
-0.8%
+4.6%
Fixed assets
3,171
3,136
3,255
+1.1%
-2.6%
Goodwill
275
275
401
0.0%
-31.4%
Intangible assets
55.7
56.0
44.2
-0.5%
+26.0%
Cash and equivalents
52.4
32.6
34.7
+60.7%
+51.0%
Other assets
2,145
2,247
1,717
-4.5%
+25.0%
Total assets
5,700
5,747
5,452
-0.8%
+4.6%
Questions
What was Ftai Infrastructure's revenue in Q3 FY2026?
Ftai Infrastructure (FIP) reported revenue of $219 million for Q3 FY2026, the quarter ended 30 September 2026, up 55.8% on the same quarter a year earlier.
How much did Ftai Infrastructure earn in Q3 FY2026?
Net loss for Q3 FY2026 was $150 million, and the diluted loss per share $1.27.
When did Ftai Infrastructure report Q3 FY2026 results?
Ftai Infrastructure filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 6 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 6 November 2026: the filing.