FTAI Aviation Ltd. income statement
In fiscal 2025, FTAI Aviation Ltd. reported revenue of $2.51bn, up 44.5% on the year before and net income of $477m, or $4.60 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20 | 58 | 137 | 149 | 185 | 342 | 579 | 298 | 336 | 708 | 1,171 | 1,735 | 2,507 | 3,423 |
| Cost of revenue | — | — | — | — | — | — | — | 0 | 14 | 248 | 502 | 826 | 1,350 | 2,153 |
| Gross profit | — | — | — | — | — | — | — | 298 | 321 | 460 | 669 | 909 | 1,158 | 1,271 |
| General and administrative | 1 | 2 | 8 | 12 | 15 | 15 | 17 | 14 | 13 | 14 | 14 | 14 | 9 | 9 |
| Interest expense | 3 | 6 | 19 | 19 | 38 | 57 | 96 | 87 | 155 | 169 | 162 | 222 | 248 | 252 |
| Net interest income | — | 0 | 1 | 0 | 1 | 0 | 1 | 0 | 2 | — | — | — | — | — |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | 48 | 7 | 3 | — | — |
| Income before tax | 25 | 4 | −28 | −40 | −21 | −18 | 152 | −43 | −40 | −105 | 184 | 14 | 607 | 627 |
| Income tax | 0 | 1 | 1 | 0 | 2 | 2 | 18 | −4 | 3 | 5 | −60 | 5 | 106 | 98 |
| Net income | 25 | 8 | −12 | −20 | 0 | 6 | 223 | −105 | −129 | −220 | 212 | −32 | 477 | 513 |
| Diluted EPS | $0.46 | $0.15 | −$0.18 | −$0.26 | $0.00 | $0.07 | — | — | — | — | $2.11 | −$0.32 | $4.60 | $4.91 |
| Diluted shares (average) | 54m | 54m | 67m | 76m | 76m | 84m | 86m | 86m | 90m | 99m | 100m | 102m | 104m | 104m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 499 | 502 | 676 | 667 | 662 | 831 | 953 | 978 |
| Cost of revenue | 258 | 249 | 369 | 363 | 369 | 524 | 636 | 624 |
| Gross profit | 241 | 253 | 307 | 304 | 293 | 306 | 317 | 354 |
| Research and development | — | — | — | 0 | — | — | — | 22 |
| General and administrative | 4 | 3 | 2 | 2 | 2 | 2 | 2 | 2 |
| Interest expense | 61 | 62 | 64 | 61 | 61 | 61 | 64 | 65 |
| Provision for credit losses | 0 | 0 | — | — | — | — | — | — |
| Income before tax | 108 | 125 | 203 | 144 | 134 | 169 | 151 | 173 |
| Income tax | 6 | 23 | 38 | 26 | 19 | 31 | 26 | 22 |
| Net income | 87 | 90 | 162 | 114 | 112 | 134 | 118 | 149 |
| Diluted EPS | $0.85 | $0.87 | $1.57 | $1.10 | $1.08 | $1.29 | $1.13 | $1.43 |
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