CDNL
CDNL
Cardinal Infrastructure Group Inc. Class A Common StockIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $122.32M ▲ | $13.88M ▲ | $-3.44M ▲ | -2.82% ▲ | $0 | $20.98M ▲ |
| Q4-2024 | $84.93M ▲ | $9.07M ▲ | $-7.17M ▼ | -8.44% ▼ | $0 | $13.04M ▲ |
| Q3-2024 | $76.35M | $7.3M | $3.87M | 5.07% | $0 | $11.5M |
What's going well?
Sales are up sharply, and the company is losing much less money than before. Core operations are profitable, and gross margins are slightly better.
What's concerning?
Operating expenses are growing even faster than sales, and the company is still unprofitable overall. Without better cost control, future profits are at risk.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $18.39M | $213.66M | $222.18M | $39.54M |
What's financially strong about this company?
The company has significant receivables and physical assets, and most of its assets are real and tangible. Shareholder equity is positive, and there is some history of profits kept in the business.
What are the financial risks or weaknesses?
Cash is low compared to debt and bills due soon, and the company relies heavily on collecting receivables to pay its obligations. High leverage means less flexibility if things go wrong.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $10.11M ▲ | $10.02M ▲ | $-9.76M ▼ | $-1.05M ▲ | $-790.15K ▼ | $909.14K ▼ |
| Q4-2024 | $6.44M ▲ | $8.32M ▼ | $-2.51M ▼ | $-4.48M ▲ | $1.34M ▼ | $6.32M ▼ |
| Q3-2024 | $5.19M | $19.14M | $-1.18M | $-6.12M | $11.85M | $17.7M |
What's strong about this company's cash flow?
Operating cash flow is strong and growing, with $10.0 million generated this quarter. Net income is up, and the company is not dependent on outside funding for day-to-day operations.
What are the cash flow concerns?
Free cash flow dropped sharply due to much higher capital spending and a big increase in money tied up in receivables. Dividend payments now exceed free cash flow, and the company is borrowing more.
About Cardinal Infrastructure Group Inc. Class A Common Stock
https://cardinalcivil.comCardinal Infrastructure Group Inc., a civil contracting company, provides infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets in the United States.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $122.32M ▲ | $13.88M ▲ | $-3.44M ▲ | -2.82% ▲ | $0 | $20.98M ▲ |
| Q4-2024 | $84.93M ▲ | $9.07M ▲ | $-7.17M ▼ | -8.44% ▼ | $0 | $13.04M ▲ |
| Q3-2024 | $76.35M | $7.3M | $3.87M | 5.07% | $0 | $11.5M |
What's going well?
Sales are up sharply, and the company is losing much less money than before. Core operations are profitable, and gross margins are slightly better.
What's concerning?
Operating expenses are growing even faster than sales, and the company is still unprofitable overall. Without better cost control, future profits are at risk.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $18.39M | $213.66M | $222.18M | $39.54M |
What's financially strong about this company?
The company has significant receivables and physical assets, and most of its assets are real and tangible. Shareholder equity is positive, and there is some history of profits kept in the business.
What are the financial risks or weaknesses?
Cash is low compared to debt and bills due soon, and the company relies heavily on collecting receivables to pay its obligations. High leverage means less flexibility if things go wrong.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $10.11M ▲ | $10.02M ▲ | $-9.76M ▼ | $-1.05M ▲ | $-790.15K ▼ | $909.14K ▼ |
| Q4-2024 | $6.44M ▲ | $8.32M ▼ | $-2.51M ▼ | $-4.48M ▲ | $1.34M ▼ | $6.32M ▼ |
| Q3-2024 | $5.19M | $19.14M | $-1.18M | $-6.12M | $11.85M | $17.7M |
What's strong about this company's cash flow?
Operating cash flow is strong and growing, with $10.0 million generated this quarter. Net income is up, and the company is not dependent on outside funding for day-to-day operations.
What are the cash flow concerns?
Free cash flow dropped sharply due to much higher capital spending and a big increase in money tied up in receivables. Dividend payments now exceed free cash flow, and the company is borrowing more.
CEO
Jeremy Spivey
Compensation Summary
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ETFs Holding This Stock
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Ratings Snapshot
Rating : D+
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Institutional Ownership
FMR LLC
Shares:1.65M
Value:$53.1M
SCHONFELD STRATEGIC ADVISORS LLC
Shares:1.29M
Value:$41.42M
OPHIR ASSET MANAGEMENT PTY LTD
Shares:986.99K
Value:$31.8M
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