Cardinal Infrastructure Group Inc. Class A Common Stock (CDNL) Financial Statements

Income statement

Metric	TTM	2025	2024	2023
Revenue
Total Revenue	662.6M	456.0M	315.2M	247.9M
Cost of Revenue	546.9M	359.9M	268.6M	199.1M
Gross Profit	115.7M	96.1M	46.6M	48.8M
Operating Expenses
R&D Expense	—	—	—	—
SG&A Expense	37.0M	23.5M	7.8M	5.6M
General & Admin Expense	37.0M	23.5M	—	5.6M
Selling & Marketing Expense	—	—	—	—
Other Expenses	27.2M	32.4M	—	13.7M
Total Operating Expenses	64.1M	55.9M	7.8M	19.3M
Cost and Expenses	611.0M	415.8M	276.4M	218.4M
Operating Income (EBIT)	51.6M	40.2M	38.8M	29.5M
Non-Operating
Interest Income	—	—	—	—
Interest Expense	5.4M	6.8M	4.8M	4.0M
Net Interest Income	(5.4M)	(6.8M)	(4.8M)	(4.0M)
Other Non-Op Income/Expense	(12.6M)	(7.2M)	(9.2M)	(5.2M)
Non-Operating Income (excl Interest)	228.4K	361.3K	—	(534.1K)
EBT (Pre-Tax Income)	38.9M	33.1M	29.6M	24.3M
Income Tax Expense	1.3M	2.0M	1.4M	—
Bottom Line
Net Income	18.1M	22.7M	21.4M	20.6M
Earnings from Cont. Ops	37.6M	31.1M	28.3M	24.3M
Earnings from Discont. Ops	—	—	—	—
Bottom Line Net Income	24.6M	22.7M	21.4M	20.6M
Per Share
Basic EPS	$1.65	$1.53	$1.62	$1.56
Diluted EPS	$1.67	$1.53	$1.62	$1.56
Revenue Per Share	$42.51	$30.84	$23.84	$18.76
Shares
Basic Shares Outstanding	15.6M	14.8M	13.2M	13.2M
Diluted Shares Outstanding	15.1M	14.8M	13.2M	13.2M
Profitability Metrics
EBITDA	90.1M	72.3M	57.5M	43.2M
D&A	38.8M	32.4M	18.7M	13.2M
EBIT	51.3M	39.9M	38.8M	30.1M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026