| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 37,860 | 57,351 | 34,722 | 33,626 |
| Restricted cash and cash equivalents | 189,571 | 268,595 | 319,194 | 414,637 |
| Accounts receivable, net | 97,368 | 95,388 | 63,664 | 68,150 |
| Other current assets | 72,778 | 62,677 | 25,247 | 22,632 |
| Total current assets | 397,577 | 484,011 | 442,827 | 539,045 |
| Leasing equipment, net | 36,178 | 36,570 | 36,845 | 37,195 |
| Operating lease right-of-use assets, net | 149,274 | 133,493 | 68,563 | 66,749 |
| Property, plant, and equipment, net | 4,576,463 | 4,581,771 | 3,255,047 | 3,232,712 |
| Investments | NaN | 22,243 | NaN | NaN |
| Customer relationships | NaN | 61,000 | NaN | NaN |
| Investment - the wheeling corporation | NaN | NaN | 1,112,739 | NaN |
| Less accumulated amortization | NaN | 17,827 | NaN | NaN |
| Investments | 21,726 | NaN | 19,642 | 17,730 |
| Intangible assets, net (excluding goodwill) | 42,170 | 43,173 | 44,198 | 45,223 |
| Goodwill | 365,703 | 365,703 | 401,229 | 401,229 |
| Other assets | 99,441 | 81,697 | 70,630 | 67,077 |
| Total assets | 5,688,532 | 5,748,661 | 5,451,720 | 4,406,960 |
| Accounts payable and accrued liabilities | 251,870 | 280,707 | 203,371 | 223,498 |
| Debt, net | 25,433 | 65,438 | 1,514,761 | 82,754 |
| Operating lease liabilities | 11,090 | 9,108 | 7,475 | 7,268 |
| Derivative liabilities | 50,290 | 34,381 | 29,679 | 30,443 |
| Other current liabilities | 23,039 | 20,363 | 15,410 | 18,801 |
| Total current liabilities | 361,722 | 409,997 | 1,770,696 | 362,764 |
| Debt, net | 3,787,717 | 3,708,735 | 2,213,630 | 3,001,609 |
| Operating lease liabilities | 85,484 | 71,000 | 61,344 | 59,635 |
| Derivative liabilities | 158,648 | 189,116 | 168,926 | 138,340 |
| Warrant liabilities | 82,506 | 81,599 | 85,362 | NaN |
| Deferred income tax liabilities | 301,831 | 300,231 | NaN | NaN |
| Other liabilities | 90,562 | 44,000 | 72,989 | 68,692 |
| Total liabilities | 4,868,470 | 4,804,678 | 4,372,947 | 3,631,040 |
| Redeemable preferred stock-Series APreferred Stock | NaN | NaN | 0 | 397,652 |
| Redeemable preferred stock-Series BPreferred Stock | 152,642 | NaN | 152,642 | 152,642 |
| Redeemable preferred stock series a (0.01 par value per share 200,000,000 total preferred shares authorized 300,000 series a shares issued and outstanding as of december31, 2025 and december31, 2024, respectively redemption amount of million and 431.8 million as of december31, 2025 and december31, 2024, respectively) | NaN | 1,090,220 | NaN | NaN |
| Redeemable preferred stock-Series APreferred Stock Railco | 970,516 | NaN | 906,058 | NaN |
| Common stock (0.01 par value per share 2,000,000,000 shares authorized 118,163,555 and 116,294,461 shares issued and outstanding as of march31, 2026 and december31, 2025, respectively) | 1,182 | 1,163 | 1,163 | 1,151 |
| Additional paid in capital | 589,593 | 623,771 | 674,797 | 724,514 |
| Accumulated deficit | -625,943 | -512,992 | -438,640 | -333,112 |
| Accumulated other comprehensive loss | -87,295 | -90,618 | -56,261 | -17,084 |
| Stockholders' equity | -122,463 | 21,324 | 181,059 | 375,469 |
| Non-controlling interests in equity of consolidated subsidiaries | NaN | -167,561 | NaN | NaN |
| Non-controlling interest in equity of consolidated subsidiaries | -180,633 | NaN | -160,986 | -149,843 |
| Total equity | -303,096 | -146,237 | 20,073 | 225,626 |
| Liabilities and equity, total | 5,688,532 | 5,748,661 | 5,451,720 | 4,406,960 |
FTAI Infrastructure Inc. (FIP)
FTAI Infrastructure Inc. (FIP)