State Ledger
Company profile

Cardinal Infrastructure Group Inc. CIK 2079999

Ticker
CDNL (Nasdaq)
Industry
Heavy Construction Other Than Bldg Const - Contractors
Headquarters
Raleigh, NC 27609
Fiscal year end
2025 (FY)
Market Data
Close
$21.09
Change
-$3.98
Change %
-15.88%
Volume
253,574

CDNL · trading date Oct 9, 2026 · previous close $25.07 · source: Alpaca (IEX feed, not consolidated full-market data).

Key Financials
Revenue
—
Net income
$22.69M
Total assets
$394.59M
Total liabilities
$255.05M
Stockholders' equity
$139.54M
Cash & equivalents
—
Operating income
$40.40M
Operating cash flow
$37.90M
Capital expenditures
$43.82M

Fiscal year 2025, via 10-K filed 2026-03-23. A dash means this figure wasn't reported in the source filing under a field State Ledger recognizes - not that the value is zero.

Financial Performance
Operating margin
—
Net margin
—
Free cash flow
-$5.91M
Free cash flow margin
—
Liabilities / assets
64.6%
Equity / assets
35.4%
CapEx / revenue
—
Operating cash flow / net income
1.67×

Derived from the fiscal year 2025 figures above. These metrics are mathematical calculations and do not represent a rating or assessment of the company.

Financial History
Fiscal yearRevenueNet incomeAssetsLiabilitiesEquity
2025 — $22.69M $394.59M $255.05M $139.54M
2024 — $21.36M $140.31M $116.96M $23.35M
2023 — $20.57M — — $7.47M
Company Details
SIC code
1600
State of incorporation
DE
Active filer
Yes
Most recent SEC filing
Form 8-K
2026-09-11
Financials filed via
Form 10-K
filed 2026-03-23

"Most recent SEC filing" may differ from the filing used for the financial figures above.

Location
Raleigh, NC 27609
100 E. SIX FORKS ROAD, #300
Data & Methodology

SEC EDGAR submissions API (identity, collected Sep 19, 2026, 15:11 UTC) and SEC XBRL Company Facts API (financials, collected Sep 26, 2026, 15:49 UTC) · figures as originally filed, not restated · a dash always means a value wasn't reported, never a real zero.

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