Waterbridge Infrastructure LLC income statement
In fiscal 2025, Waterbridge Infrastructure LLC reported revenue of $526m, up 66.2% on the year before, operating income of $78.9m (a 15.0% margin) and net income of $9,000. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|
| Revenue | 201 | 316 | 526 | 751 |
| Cost of revenue | 145 | 228 | 383 | 563 |
| Gross profit | 55 | 88 | 142 | 188 |
| General and administrative | 15 | 34 | 47 | — |
| Operating income | 40 | 56 | 79 | 117 |
| Net interest income | −26 | −53 | −69 | −87 |
| Income before tax | 15 | 3 | −1 | 17 |
| Income tax | 0 | 0 | −1 | 2 |
| Net income | 15 | 3 | 0 | 3 |
| Diluted EPS | — | — | — | $0.05 |
| Diluted shares (average) | — | — | — | 65m |
| EBITDA | 89 | 135 | 220 | 308 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 90 | 87 | 98 | 96 | 123 | 209 | 201 | 218 |
| Cost of revenue | 63 | 64 | 63 | 70 | 88 | 162 | 153 | 160 |
| Gross profit | 27 | 23 | 35 | 25 | 35 | 47 | 48 | 58 |
| General and administrative | — | — | 7 | 8 | — | — | 17 | 18 |
| Operating income | 19 | 15 | 16 | 17 | 24 | 22 | 30 | 40 |
| Net interest income | −16 | −15 | −14 | −10 | −19 | −25 | −20 | −23 |
| Income before tax | 3 | 1 | 2 | 7 | 4 | −14 | 11 | 17 |
| Income tax | 0 | 0 | 0 | 0 | −0 | −1 | 1 | 2 |
| Net income | 3 | 1 | 2 | 7 | −1 | −5 | 4 | 5 |
| Diluted EPS | — | — | — | — | −$0.01 | −$0.03 | $0.08 | $0.10 |
| EBITDA | 39 | 36 | 35 | 36 | 54 | 91 | 75 | 88 |
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