WaterBridge Infrastructure LLC (WBI) Income Statement
WBI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsWBI revenue and net income
Where WBI's revenue goes
2025Each bar shows an amount and its share of revenue. WBI kept 0.0% of revenue as net income.
WBI profit margins
WBI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −20.6% | — | — | — |
| Gross profit | +21.1% | — | — | — |
| Operating income | +60.1% | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
WBI quarterly EPS vs estimates
WaterBridge Infrastructure beat the analyst EPS estimate in 2 of the last 5 quarters. Next report: November 4, 2026 (estimate $0.09).
WBI income statement
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $525.6M | $662.2M | $200.8M |
| Cost of revenue | $383.3M | $544.7M | $145.5M |
| Gross profit | $142.2M | $117.4M | $55.3M |
| Sales, general & admin | $47.2M | $68.4M | $14.7M |
| Total operating expenses | $63.4M | $68.2M | $14.7M |
| Operating income | $78.9M | $49.2M | $40.6M |
| Interest income | — | $53.4M | $26.2M |
| Interest expense | $68.9M | $160.4M | $26.2M |
| Income before taxes | −$1.1M | −$108.3M | $14.8M |
| Income taxes | −$1.1M | −$6.6M | $111,000 |
| Net income | $9,000 | −$25.2M | $14.7M |
| EBITDA | $230.7M | $52.1M | $90.7M |
| EPS (diluted) | −$0.39 | −$0.58 | — |
| Gross margin | 27.1% | 17.7% | 27.5% |
| Operating margin | 15.0% | 7.4% | 20.2% |
| Net margin | 0.0% | −3.8% | 7.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $217.8M | $201.0M | $208.9M | $123.2M | $196.8M | $178.1M | $87.2M | $89.8M |
| Cost of revenue | $159.6M | $152.8M | $162.1M | $88.3M | $175.2M | $121.8M | $63.9M | $42.9M |
| Gross profit | $58.1M | $48.2M | $46.8M | $35.0M | $21.6M | $56.3M | $23.3M | $46.9M |
| Sales, general & admin | $17.7M | $16.8M | $24.1M | $9.0M | $15.8M | $14.3M | $33.8M | $6.9M |
| Total operating expenses | $17.9M | $17.8M | $24.4M | $11.3M | $17.7M | $27.3M | $7.0M | $28.1M |
| Operating income | $40.3M | $30.4M | $22.4M | $23.7M | $3.9M | $29.0M | $16.3M | $18.8M |
| Interest income | — | — | — | $19.3M | $10.2M | — | $53.4M | — |
| Interest expense | $22.7M | $20.0M | $25.4M | $19.3M | $31.5M | $40.6M | $14.5M | $15.7M |
| Income before taxes | $16.8M | $10.6M | −$14.4M | $4.4M | −$26.7M | −$10.7M | $597,000 | $3.4M |
| Income taxes | $2.2M | $1.1M | −$788,000 | −$366,000 | −$2.4M | $19,000 | $68,000 | $114,000 |
| Net income | $5.1M | $9.5M | −$3.9M | $4.8M | $1.5M | −$10.7M | $529,000 | $3.3M |
| EBITDA | $111.6M | $99.5M | $80.2M | $54.2M | $4.8M | $29.9M | $39.4M | $38.3M |
| EPS (diluted) | $0.10 | $0.03 | −$0.09 | −$0.30 | $0.00 | — | — | — |
| Gross margin | 26.7% | 24.0% | 22.4% | 28.4% | 11.0% | 31.6% | 26.7% | 52.2% |
| Operating margin | 18.5% | 15.1% | 10.7% | 19.2% | 2.0% | 16.3% | 18.7% | 21.0% |
| Net margin | 2.3% | 4.7% | −1.9% | 3.9% | 0.8% | −6.0% | 0.6% | 3.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in WBI's financial statements (latest annual report filed March 16, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
WBI financial results
In fiscal year 2025 (ended December 31, 2025), WaterBridge Infrastructure reported revenue of $525.6 million, down 20.6% from the year before. It had net income of $0.0 million, a net profit margin of 0.0%. Diluted earnings per share came to −$0.39.
See the WBI stock overview for the latest quote and news, or the WBI chart for price history and technical indicators.
WBI income statement FAQ
What is WaterBridge Infrastructure's annual revenue?
WaterBridge Infrastructure reported total revenue of $525.6 million for fiscal year 2025, which ended on December 31, 2025. That was down 20.6% from $662.2 million the previous year.
Is WaterBridge Infrastructure profitable?
Yes. WaterBridge Infrastructure reported net income of $0.0 million in fiscal 2025, a net profit margin of 0.0%; its operating margin was 15.0%.
What is WaterBridge Infrastructure's gross margin?
WaterBridge Infrastructure's gross margin was 27.1% in fiscal 2025: for every $100 of revenue, WaterBridge Infrastructure kept $27 after the direct cost of its products and services.
What are WaterBridge Infrastructure's earnings per share?
WaterBridge Infrastructure earned $-0.39 per diluted share in fiscal 2025, compared with $-0.58 a year earlier.
When will WaterBridge Infrastructure report its next earnings?
WaterBridge Infrastructure is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does WaterBridge Infrastructure's fiscal year end?
WaterBridge Infrastructure's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 16, 2026.