Originally Posted by
shrsailplanes
F9 has $500M cash (and falling), $5B in debt (and increasing) and has not made money in straight quarters for awhile. Those are diverging numbers that are not sustainable and have put F9 in substantial financial stress. The SLB gravy train is in serious trouble if F9 is considered a financial risk to banks. The steaming pile of doo-doo that Barry left must be corrected before a contract.
The attitude of “I don’t care about F9’s financial problems. Industry standard contract NOW!!!” is one of looking at the problem with blinders on.
I don’t know where you are getting your numbers, but they are not right. Here is a summary of Q4 Balance sheet:
Key Balance Sheet & Financial Highlights (Q4 2025):- Total Liquidity: $874 million.
- Net Income (Q4 2025): $53 million ($0.23 per diluted share).
- Total Assets: $6.7 billion.
- Total Liabilities: $6.3 billion.
- Total Debt: $668 million.
- Cash and Equivalents: $654 million.
Recent Performance Trends:- Revenue (Q4 2025): $997 million.
- Operating Expenses (Q4 2025): $948 million ($721 million excluding fuel).
- Capacity (Q4 2025): Flat compared to the 2024 quarter.