ORLANDO, Fla. – Brightline Trains Florida brought in more money in its latest audit, reporting $214 million in revenue in 2025, up from $188 million in 2024. Most of that total — nearly $199 million — came from ticket sales and other passenger purchases.
But the audit also includes a major warning sign: Brightline says there is “substantial doubt” about the company’s ability to continue as a going concern.
Brightline management says it does not currently have the liquid funds needed to service its debt and meet upcoming obligations. The company has already deferred $117 million in interest payments tied to building rail routes from Orlando to South Florida.
One passenger we spoke with says the service is a go-to for commuting.
He says he’s an attorney in Miami and he really enjoys the convenience traveling Brightline provides.
More riders, but big losses remain. Brightline says ridership has been rising, as gas prices climb, but the company also faces limits on how much it can charge passengers.
The audit shows Brightline lost another $127 million last year. Its total debt is listed at $2.26 billion on the balance sheet.
We’re reaching out to Brightline for comment on the audit warning, its plans to improve liquidity, and when it expects to resume full interest payments.
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