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Cardinal Infrastructure Group, Inc. CDNL Tax Receivable Agreement Liability

Tax Receivable Agreement Liability at other companies

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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+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

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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 cdnl:TaxReceivableAgreementLiability.

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 tax receivable agreement liability?
Cardinal Infrastructure Group, Inc. (CDNL) reported tax receivable agreement liability of $39.42M in Q1 2026.
What does tax receivable agreement liability mean?
This liability represents the present value of expected future payments to be made to pre-existing owners under a tax receivable agreement, typically arising from tax benefits realized by the company. It reflects the contractual obligation to share tax savings resulting from specific corporate restructuring or acquisition events. Investors monitor this to understand long-term cash outflows that are contingent upon the company's future tax position.