What is Cardinal Infrastructure Group, Inc. 's contract assets?

Cardinal Infrastructure Group, Inc. (CDNL) reported contract assets of $85.24M in Q1 2026.

What does contract assets mean?

Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.

Cardinal Infrastructure Group, Inc. CDNL Contract Assets

Contract Assets at other companies

Granite ConstructionGVA

$283.98M+3.4%

FluorFLR

$1.23B-6.0%

Construction PartnersROAD

$64.54M+38.8%

Northwest PipeNWPX

$113.19M+7.8%

TIC Solutions TIC

$182.73M—

MYR GroupMYRG

$224.26M-34.4%

Other financials

Income statement

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Revenue$167.5M+105%

Gross profit$34.2M+107%

Operating income$14.8M+86.9%

Net income$3.4M-37.6%

EPS (diluted)$0.23—

Balance sheet

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Cash & equivalents$44.0M—

Total debt$220.6M—

Total assets$657.3M—

Cash flow

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Operating cash flow$9.3M-23.0%

CapEx$9.3M-10.2%

Free cash flow-$961.0-100%

Valuation

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Market cap$1.25B+35.3%

Enterprise value$1.43B—

P/E83×—

P/S3.1×—

Profitability

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Gross margin20.6%+0.6pp

Operating margin11%-0.8pp

Net margin6.8%-1.1pp

FCF margin5.7%-1.6pp

Returns & leverage

See full

Current ratio1.7×—

Where this comes from

Reported directly by Cardinal Infrastructure Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.

The official record: Cardinal Infrastructure Group, Inc. ’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cardinal Infrastructure Group, Inc. 's contract assets?: Cardinal Infrastructure Group, Inc. (CDNL) reported contract assets of $85.24M in Q1 2026.
What does contract assets mean?: Revenue recognized under ASC 606 where the right to payment is conditional on something other than the passage of time — work performed but not yet billable.