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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+34.5%
Enterprise value$1.42B
P/E82.5×
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

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Current ratio1.7×

Where this comes from

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

Tagged under the XBRL concept us-gaap:Depreciation.

The source filing: Cardinal Infrastructure Group, Inc.’s 10-Q, filed May 13, 2026.

Filed
May 13, 2026, 4:34 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-221771
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
Revenues$167,508,716$81,801,265
Cost of revenues, excluding depreciation and amortization133,319,08365,277,978
General and administrative10,142,1312,125,970
Depreciation expense5,702,4105,071,341
Amortization expense3,567,3481,527,500
(Gain) on disposal of property and equipment(2,397)(110,945)
Income from operations14,780,1417,909,421
Other expense:

Item 1. Financial Statements.

FAQ

What is Cardinal Infrastructure Group, Inc.'s D&A?
Cardinal Infrastructure Group, Inc. (CDNL) reported D&A of $5.7M in Q1 2026.
How has Cardinal Infrastructure Group, Inc.'s D&A changed year-over-year?
Cardinal Infrastructure Group, Inc.'s D&A increased by 12.4% year-over-year, from $5.07M to $5.7M.
What does D&A mean?
Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

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