Flagship explainer

How New Fortress Energy Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$1.2B · 100%Cost of revenue$919M · 78%Gross profit$261M · 22%Operating income−$1.1B · −95%Income before tax−$1.8B · −150%Income tax$61.4M · 5%Net income−$1.8B · −155%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$1.2B100%
Cost of revenue$919M78%
$261M22%
−$1.1B−95%
Income before tax−$1.8B−150%
Income tax$61.4M5%
−$1.8B−155%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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