Filing Flows › FTAI Infrastructure (FIP) › Q2 2026
FTAI Infrastructure (FIP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 10, 2026
FTAI Infrastructure (FIP) reported revenue of $187M for the second quarter 2026 (Q2 2026), +53% from a year earlier and -0.8% from the quarter before. Operating margin was -25.0%, net loss $139M (74.7% of revenue).
FTAI Infrastructure, Q2 2026: revenue $187M (+53% year over year), operating margin -25.0%, net loss $139M, operating cash flow $39.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $187M | -0.8% | +53% |
| Operating profit | −$46.6M | -1758% | — |
| Net earnings | −$139M | — | — |
| Operating cash flow | $39.0M | — | — |
What changed
Revenue was $186.8M in Q2 2026, up 53% year over year and down 1% from the previous quarter. Rail revenues was the largest line at 48% of revenue. Rail revenues added $46.5M year over year (up 110%), 72% of the total change.
Operating costs exceeded revenue by $46.6M, an operating margin of -25.0%. Total costs grew 81% against revenue growth of 53%. The fastest-growing cost line was Other operating costs (+83%). The quarter ended with a net loss of $139.4M, wider than the previous quarter's $127.2M loss. Net interest and other expense of $104.4M was the main reason.
Operating cash flow was $39.0M. Non-cash charges added back $39.5M of depreciation and amortization and $5.5M of share-based compensation. Working capital and other items added $133.5M. Capital expenditures of $82.6M exceeded it, leaving free cash flow of −$43.5M.
Questions
What was FTAI Infrastructure's revenue in the second quarter 2026?
FTAI Infrastructure (FIP) reported revenue of $187M for the second quarter 2026 (Q2 2026), +53% from a year earlier and -0.8% from the quarter before.
Was FTAI Infrastructure profitable in the second quarter 2026?
Operating loss was $46.6M (-25.0% of revenue) and net loss $139M.