3 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $526M | $9000 | 27.1% | 15.0% | -$119M | $1.5B | $52M |
| 2024 | $316M | $3M | 28.0% | 17.8% | -$86M | $593M | $13M |
| 2023 | $201M | $15M | 27.5% | 20.2% | -$99M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $201M | $4M | 24.0% | 15.2% | -$16M | $1.5B | $51M |
| Dec '25 | $209M | -$5M | 22.4% | 10.7% | -$1M | $1.5B | $52M |
| Sep '25 | $123M | -$667000 | 28.4% | 19.2% | — | $1.7B | $347M |
| Mar '25 | $98M | — | 35.7% | 16.1% | -$2M | — | — |
| Dec '24 | $87M | — | 26.7% | 17.3% | -$23M | $593M | $13M |
| Sep '24 | $90M | — | 30.0% | 21.0% | — | — | — |
How the market has priced WBI against its own fundamentals since 2025-09 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 2 years, Waterbridge Infrastructure Llc's revenue has grown 61.8% per year, and net income declined 97.5% per year. These are computed facts, not advice.
As of FY2025, Waterbridge Infrastructure Llc reported $1.5B of total debt against $52M of cash.
In FY2025, gross margin was 27.1%, operating margin 15.0%, and net margin 0.0%.
As of Jun '26, Waterbridge Infrastructure Llc traded at a price-to-earnings ratio of about 147909.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.