Financial Statements — FTAI
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.41 | 0.51 | 0.30 | 0.11 | 0.11 | 0.17 | 0.07 | 0.05 | 0.02 | 0.04 | 0.07 | 0.12 | 0.15 | 0.18 | 0.11 | 0.16 |
| Accounts Receivable | 0.18 | 0.21 | 0.24 | 0.22 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 1.36 | 0.90 | 0.75 | 0.65 | 0.49 | 0.37 | 0.35 | 0.27 | 0.23 | 0.19 | 0.16 | -- | -- | -- | -- | -- |
| Total Current Assets | 2.59 | 2.03 | 1.76 | 1.87 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Property, Plant & Equipment | 1.37 | 1.78 | 1.96 | 2.10 | 2.17 | -- | -- | 1.94 | 1.90 | 0.01 | 0.05 | 1.64 | 1.59 | 1.70 | 1.01 | 1.00 |
| Goodwill | 0.09 | 0.08 | 0.08 | 0.06 | 0.03 | 0.00 | 0.00 | -- | -- | -- | -- | 0.26 | 0.26 | 0.24 | 0.12 | 0.12 |
| Intangible Assets | 0.01 | 0.02 | 0.01 | 0.01 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.02 | 0.08 | 0.09 | 0.08 | 0.01 | 0.01 |
| Total Non-current Assets* | 1.94 | 2.21 | 2.34 | 2.40 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Assets | 4.53 | 4.24 | 4.10 | 4.27 | 3.74 | 3.45 | 3.18 | 2.63 | 2.53 | 2.44 | 2.28 | 4.88 | 4.76 | 4.68 | 3.55 | 3.59 |
| Accounts Payable | 0.20 | 0.15 | 0.08 | 0.11 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 0.49 | 0.35 | 0.35 | 0.47 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Long-term Debt | 3.45 | 3.45 | 3.44 | 3.64 | 3.22 | 3.08 | 2.69 | 2.28 | 2.17 | 2.10 | 2.02 | 3.50 | 3.40 | 2.98 | 2.13 | 2.08 |
| Total Non-current Liabilities* | 3.60 | 3.64 | 3.59 | 3.77 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Liabilities | 4.10 | 3.99 | 3.94 | 4.24 | 3.62 | 3.38 | 3.00 | 2.54 | 2.43 | 2.37 | 2.25 | 4.19 | 4.00 | 3.48 | 2.51 | 2.45 |
| Retained Earnings | 0.38 | 0.28 | 0.19 | 0.03 | (0.18) | (0.26) | (0.04) | (0.20) | (0.24) | (0.30) | (0.35) | (0.34) | (0.35) | (0.12) | (0.09) | (0.06) |
| Total Stockholder Equity* | 0.43 | 0.25 | 0.16 | 0.03 | 0.12 | 0.07 | 0.18 | 0.10 | 0.09 | 0.07 | 0.03 | 0.69 | 0.76 | 1.20 | 1.04 | 1.14 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 830.70 | 662.03 | 667.06 | 676.24 | 502.08 | 498.82 | 465.79 | 443.59 | 326.69 | 312.74 | 291.10 | 274.35 | 292.72 | 162.28 | 230.37 | 177.93 | 137.84 | 145.78 | 135.96 | 96.92 |
| Cost of Revenue* | 524.27 | 368.83 | 362.92 | 369.26 | 248.71 | 257.73 | 219.50 | 205.86 | 142.80 | 135.22 | 116.71 | 104.53 | 145.67 | 128.25 | 95.95 | 81.01 | 55.20 | 53.28 | 42.16 | -- |
| Gross Profit* | 306.43 | 293.20 | 304.14 | 306.98 | 253.37 | 241.09 | 246.30 | 237.74 | 183.89 | 177.51 | 174.39 | 169.81 | 147.05 | 146.04 | 134.42 | 96.92 | 82.64 | 92.50 | 93.81 | -- |
| Selling, General & Admin | 2.41 | 2.09 | 1.83 | 2.44 | 3.12 | 3.57 | 4.05 | 2.97 | 3.68 | 3.43 | 3.02 | 3.19 | 4.07 | 0.12 | 3.35 | 5.00 | 5.69 | 5.08 | 4.42 | 3.66 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 55.20 | 47.71 | 43.66 | 40.19 | 38.50 | 39.29 | 24.05 | 40.17 | 54.37 | 50.60 | 46.04 | 54.50 | 37.50 |
| Pretax Income | 169.36 | 134.12 | 144.05 | 203.28 | 125.25 | 108.07 | 93.81 | (232.90) | 45.19 | 50.97 | 45.01 | 56.61 | 31.42 | 107.65 | 0.04 | 13.17 | (226.17) | (18.87) | (39.94) | (38.25) |
| Tax Provision | 31.46 | 18.55 | 26.33 | 37.88 | 22.86 | 5.62 | 7.33 | (13.03) | 5.57 | (67.39) | 3.71 | 1.86 | 2.03 | (5.79) | 4.19 | 3.41 | 3.49 | 0.91 | (0.49) | (1.64) |
| Net Income | 137.90 | 115.56 | 117.72 | 165.40 | 102.39 | 102.45 | 86.48 | (219.87) | 39.62 | 118.36 | 41.31 | 54.75 | 29.40 | 26.80 | 58.80 | 9.76 | (229.66) | (19.78) | (39.44) | (36.61) |
| Basic EPS | 1.31 | 1.09 | 1.11 | 1.58 | 0.88 | -- | 0.76 | (2.26) | 0.31 | -- | 0.33 | 0.47 | 0.23 | -- | (0.11) | 0.12 | (2.30) | -- | -- | -- |
| Diluted EPS | 1.29 | 1.06 | 1.10 | 1.57 | 0.87 | -- | 0.76 | (2.26) | 0.31 | -- | -- | -- | -- | -- | (0.11) | 0.11 | (2.30) | -- | -- | -- |
* Derived from reported values
Cash Flow Statement
(in billions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (0.16) | (0.18) | 0.00 | (0.11) | (0.03) | (0.04) | 0.04 | (0.19) | -0.00 | 0.01 | 0.05 | 0.03 | 0.04 | 0.00 | 0.03 | (0.05) | 0.00 | -0.00 | 0.04 | (0.01) |
| Capital Expenditures | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.06 | 0.05 | 0.05 | 0.03 | 0.04 |
| Free Cash Flow* | (0.17) | (0.19) | -0.00 | (0.12) | (0.03) | (0.05) | 0.04 | (0.19) | -0.00 | 0.01 | 0.05 | 0.03 | 0.04 | -0.00 | 0.01 | (0.11) | (0.05) | (0.05) | 0.02 | (0.06) |
| Investing Cash Flow | 0.32 | 0.00 | 0.23 | 0.52 | (0.03) | (0.03) | (0.22) | (0.05) | (0.17) | (0.18) | (0.09) | (0.09) | (0.01) | (0.14) | 0.04 | (0.08) | (0.23) | (0.26) | (0.83) | (0.05) |
| Financing Cash Flow | (0.05) | (0.03) | (0.02) | (0.22) | 0.05 | 0.07 | 0.12 | 0.34 | 0.14 | 0.21 | 0.07 | 0.04 | (0.04) | 0.12 | (0.29) | 0.07 | 0.15 | 0.24 | 1.10 | 0.01 |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Dividends Per Share | 0.45 | 0.40 | 0.35 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.30 | 0.33 | 0.33 | 0.33 | 0.33 | 0.33 |
