WaterBridge Infrastructure (WBI) Income Statement

WaterBridge Infrastructure reported revenue of $525.55M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 20.6% from $662.16M a year earlier. Net income was $11.89M, a net margin of 2.3%. Gross margin was 27.1% and operating margin 17.3%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $217.77M, up 128.0% from the same quarter a year earlier.

WaterBridge Infrastructure Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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WaterBridge Infrastructure LLC income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023
Period ending	Dec 2025	Dec 2024	Dec 2023
Revenue & Gross Profit
Revenue	525.55	662.16	200.77
Cost of Revenue	383.31	544.74	97.03
Gross Profit	142.24	117.43	103.74
Operating Expenses
Research & Development	0.00	0.00	-
Selling, General & Administrative	47.24	68.44	14.69
Operating Expenses	51.40	68.18	63.25
Operating Income	90.84	49.25	40.49
Other Income/Expense
Interest Income	0.00	0.00	-
Interest Expense	68.94	160.43	26.24
Other Income/Expense	-22.96	-157.57	-25.71
Income
Income Before Tax	-1.06	-108.32	14.78
Income Tax Expense	-1.07	-6.56	0.11
Net Income	11.89	-25.24	14.67
Net Income - Continuous Operations	0.01	-25.24	14.67
Net Income - Discontinued Operations	-	-	-
EBITDA	210.62	52.11	90.28
EBIT	67.88	56.67	40.59
Depreciation & Amortization	142.73	0.00	49.69
Earnings Per Share
Basic EPS	-	-1.00	-
Diluted EPS	-	-1.00	-
Basic Shares Outstanding	43.26	38.51	38.82
Diluted Shares Outstanding	43.26	38.51	38.82

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About WaterBridge Infrastructure Financial Statements

What was WaterBridge Infrastructure's revenue in fiscal 2025?

WaterBridge Infrastructure reported revenue of $525.55M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 20.6% from $662.16M a year earlier.

Is WaterBridge Infrastructure profitable?

Yes. WaterBridge Infrastructure earned net income of $11.89M in fiscal 2025, a net margin of 2.3%. In fiscal 2024 it lost $25.24M.

What is WaterBridge Infrastructure's operating margin?

WaterBridge Infrastructure's operating income was $90.84M on revenue of $525.55M in fiscal 2025, an operating margin of 17.3%, compared with 7.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition