New Fortress Energy Inc. (NFE) Income Statement
NFE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsNFE revenue and net income
Where NFE's revenue goes
2025Each bar shows an amount and its share of revenue. NFE kept −122.6% of revenue as net income.
NFE profit margins
NFE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −36.4% | −14.0% | +27.2% | — |
| Gross profit | −87.6% | −50.8% | +1.8% | — |
| Operating income | −131.7% | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −820.5% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NFE quarterly EPS vs estimates
New Fortress Energy beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 5, 2026.
NFE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.50B | $2.36B | $2.41B | $2.37B | $1.32B | $451.6M | $189.1M | $112.3M | $97.3M | $21.4M |
| Cost of revenue | $1.37B | $1.26B | $1.11B | $1.22B | $766.1M | $326.3M | $210.3M | $105.3M | $86.1M | $28.0M |
| Gross profit | $136.8M | $1.10B | $1.30B | $1.15B | $556.7M | $125.3M | −$21.1M | $7.0M | $11.1M | −$6.6M |
| Sales, general & admin | $307.4M | $285.5M | $227.1M | $236.1M | $199.9M | $124.2M | $152.9M | $62.1M | $33.3M | $18.2M |
| Total operating expenses | $307.4M | $566.2M | $360.4M | $414.3M | $317.9M | $280.7M | $166.1M | $65.5M | $36.1M | $20.5M |
| Operating income | −$170.6M | $538.6M | $942.7M | $737.4M | $238.9M | −$155.4M | −$187.3M | −$58.5M | −$25.0M | −$27.1M |
| Interest income | — | — | — | — | — | — | $7.1M | $11.2M | $6.5M | $5.1M |
| Interest expense | $777.8M | $328.4M | $277.8M | $236.9M | $154.3M | $65.7M | $19.4M | $11.2M | $6.5M | $5.1M |
| Income before taxes | −$1.77B | −$172.9M | $664.4M | $61.3M | $105.2M | −$259.1M | −$203.9M | −$78.5M | −$31.1M | −$33.3M |
| Income taxes | $61.4M | $69.5M | $115.5M | −$123.4M | $12.5M | $4.8M | $439,000 | −$338,000 | $526,000 | −$361,000 |
| Net income | −$1.84B | −$249.0M | $547.9M | $194.5M | $97.1M | −$182.1M | −$33.8M | −$78.1M | −$31.7M | −$32.9M |
| EBITDA | −$750.4M | $257.8M | $1.11B | $430.7M | $350.5M | −$175.6M | −$188.1M | −$66.9M | −$22.2M | −$25.8M |
| EPS (diluted) | −$3.17 | $0.44 | $2.84 | $2.54 | $0.58 | −$0.25 | −$0.74 | −$0.82 | −$1.52 | −$1.58 |
| Gross margin | 9.1% | 46.7% | 54.0% | 48.6% | 42.1% | 27.7% | −11.2% | 6.2% | 11.4% | −30.6% |
| Operating margin | −11.3% | 22.8% | 39.1% | 31.1% | 18.1% | −34.4% | −99.0% | −52.1% | −25.7% | −126.5% |
| Net margin | −122.6% | −10.5% | 22.7% | 8.2% | 7.3% | −40.3% | −17.9% | −69.5% | −32.6% | −153.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $312.5M | $227.0M | $404.4M | $327.4M | $301.7M | $472.3M | $679.0M | $567.5M | $428.0M | $690.3M | $758.4M | $514.5M |
| Cost of revenue | $303.0M | $289.7M | $261.6M | $313.2M | $329.6M | $420.8M | $335.4M | $368.9M | $267.8M | $306.1M | $329.5M | $264.4M |
| Gross profit | $9.5M | −$62.7M | $142.8M | $14.2M | −$27.9M | $51.5M | $343.6M | $198.6M | $160.2M | $384.3M | $428.8M | $250.1M |
| Sales, general & admin | $85.3M | $47.5M | $104.9M | $86.0M | $57.3M | $59.3M | $61.8M | $82.4M | $70.6M | $70.8M | $48.1M | $49.1M |
| Total operating expenses | $85.3M | $47.5M | $411.7M | $86.0M | $57.3M | $51.8M | $113.4M | $119.1M | $115.9M | $199.8M | $94.0M | $100.5M |
| Operating income | −$75.8M | −$110.2M | −$7.3M | −$71.9M | −$85.2M | −$342,000 | $230.3M | $79.5M | $44.3M | $184.5M | $334.9M | $149.6M |
| Interest expense | $226.7M | $188.2M | $124.3M | $215.2M | $208.0M | $204.5M | $99.5M | $71.1M | $80.4M | $77.3M | $77.0M | $64.8M |
| Income before taxes | −$380.9M | −$369.1M | −$759.0M | −$285.1M | −$557.8M | −$149.4M | −$182.0M | $14.3M | −$83.4M | $78.3M | $260.9M | $87.5M |
| Income taxes | −$9.5M | $31.5M | — | $8.2M | −$967,000 | $26.1M | $41.5M | $3.0M | $3.4M | $21.6M | $46.0M | $25.2M |
| Net income | −$371.4M | −$399.9M | −$789.7M | −$299.7M | −$554.6M | −$177.6M | −$223.6M | $9.3M | −$88.9M | $54.1M | $217.2M | $61.2M |
| EBITDA | −$19.4M | −$129.5M | −$575.7M | −$11.0M | −$288.6M | $121.8M | −$71.5M | $109.4M | $22.2M | $197.7M | $392.3M | $196.5M |
| EPS (diluted) | −$1.30 | −$0.65 | −$0.65 | −$0.94 | −$0.85 | −$0.73 | $0.13 | $0.05 | −$0.41 | $0.67 | $1.06 | $0.30 |
| Gross margin | 3.0% | −27.6% | 35.3% | 4.3% | −9.2% | 10.9% | 50.6% | 35.0% | 37.4% | 55.7% | 56.5% | 48.6% |
| Operating margin | −24.3% | −48.6% | −1.8% | −22.0% | −28.2% | −0.1% | 33.9% | 14.0% | 10.4% | 26.7% | 44.2% | 29.1% |
| Net margin | −118.9% | −176.2% | −195.3% | −91.5% | −183.8% | −37.6% | −32.9% | 1.6% | −20.8% | 7.8% | 28.6% | 11.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NFE's financial statements (latest annual report filed April 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NFE financial results
In fiscal year 2025 (ended December 31, 2025), New Fortress Energy reported revenue of $1.5 billion, down 36.4% from the year before. It had a net loss of $1.8 billion, a net profit margin of −122.6%. Diluted earnings per share came to −$3.17. Over five years revenue grew at an average rate of 27.2% a year.
See the NFE stock overview for the latest quote and news, or the NFE chart for price history and technical indicators.
NFE income statement FAQ
What is New Fortress Energy's annual revenue?
New Fortress Energy reported total revenue of $1.5 billion for fiscal year 2025, which ended on December 31, 2025. That was down 36.4% from $2.4 billion the previous year.
Is New Fortress Energy profitable?
No. New Fortress Energy reported a net loss of $1.8 billion in fiscal 2025, a net profit margin of −122.6%; its operating margin was −11.3%.
What is New Fortress Energy's gross margin?
New Fortress Energy's gross margin was 9.1% in fiscal 2025: for every $100 of revenue, New Fortress Energy kept $9 after the direct cost of its products and services.
How fast is New Fortress Energy growing?
Revenue grew 27.2% a year on average over the last five fiscal years, from $451.6 million to $1.5 billion.
What are New Fortress Energy's earnings per share?
New Fortress Energy earned $-3.17 per diluted share in fiscal 2025, compared with $0.44 a year earlier.
When will New Fortress Energy report its next earnings?
New Fortress Energy is expected to report results for the quarter ending September 30, 2026 on November 5, 2026.
When does New Fortress Energy's fiscal year end?
New Fortress Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 13, 2026.