Cardinal Infrastructure Group (CDNL) Income Statement

Cardinal Infrastructure Group reported revenue of $456.05M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 44.7% from $315.19M a year earlier. Net income was $22.69M, up 6.2% year over year, a net margin of 5.0%. Gross margin was 21.1% and operating margin 8.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $226.93M, up 113.9% from the same quarter a year earlier.

Cardinal Infrastructure Group Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cardinal Infrastructure Group Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023
Period ending	Dec 2025	Dec 2024	Dec 2023
Revenue & Gross Profit
Revenue	456.05	315.19	247.92
Cost of Revenue	359.90	249.80	199.08
Gross Profit	96.15	65.30	48.84
Operating Expenses
Research & Development	0.00	-	-
Selling, General & Administrative	23.53	10.69	5.60
Operating Expenses	55.90	29.35	19.31
Operating Income	40.25	35.95	29.53
Other Income/Expense
Interest Income	0.00	-	-
Interest Expense	6.83	4.83	-3.99
Other Income/Expense	-7.19	-1.47	-5.23
Income
Income Before Tax	33.06	29.65	24.30
Income Tax Expense	1.97	1.35	-
Net Income	22.69	21.36	20.57
Net Income - Continuous Operations	22.69	28.30	-
Net Income - Discontinued Operations	-	-	-
EBITDA	72.26	53.23	43.25
EBIT	42.59	34.48	30.06
Depreciation & Amortization	32.37	18.66	13.18
Earnings Per Share
Basic EPS	2.00	2.00	-
Diluted EPS	2.00	2.00	-
Basic Shares Outstanding	14.79	13.22	-
Diluted Shares Outstanding	14.81	13.22	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Cardinal Infrastructure Group Financial Statements

What was Cardinal Infrastructure Group's revenue in fiscal 2025?

Cardinal Infrastructure Group reported revenue of $456.05M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 44.7% from $315.19M a year earlier.

Is Cardinal Infrastructure Group profitable?

Yes. Cardinal Infrastructure Group earned net income of $22.69M in fiscal 2025, a net margin of 5.0%. In fiscal 2024 it earned $21.36M.

What is Cardinal Infrastructure Group's operating margin?

Cardinal Infrastructure Group's operating income was $40.25M on revenue of $456.05M in fiscal 2025, an operating margin of 8.8%, compared with 11.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition