FY2025 · ended Dec 31, 2025 · Revenue $456.05M · Filed Mar 23, 2026
Cardinal Infrastructure Group Inc (CDNL) files with the SEC under industry code 1600, Heavy Construction Other Than Bldg Const - Contractors. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $456.0 million and net income of $22.7 million. Free cash flow was -$5.9 million. As of Jun 30, 2026 it held $339.1 million in cash and investments and $30.6 million in total debt.
Revenue
$456.05M
Net income
$22.69M
Operating cash flow
$37.90M
Free cash flow
$-5.91M
EPS
—
Dividend per share
None
Shares outstanding
—
Net cash
$308.51M
as of Jun 30, 2026
Operating margin
8.9%
FY 2025
Company profile
- Industry
- Heavy Construction Other Than Bldg Const - Contractors (SIC 1600)
- Listed as
- CDNL (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Raleigh, NC
- SEC filer status
- , Emerging growth company
- SEC CIK
- 2079999
- Former names
- Civil Infrastructure Group Inc. (until Aug 11, 2025)
Other Heavy Construction Other Than Bldg Const - Contractors companies
- Hitachi Ltd HTHIY
- Ferrovial N.V. FER
- Jacobs Solutions Inc. J
- Sterling Infrastructure, Inc. STRL
- Fluor Corp FLR
- Granite Construction Inc GVA
- Construction Partners, Inc. ROAD
- SOLV Energy, Inc. MWH
All 16 Heavy Construction Other Than Bldg Const - Contractors companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
|---|---|
| Revenue | $456.0M |
| Operating income | $40.4M |
| Net income | $22.7M |
| Operating cash flow | $37.9M |
| Free cash flow | -$5.9M |
| Total assets | $394.6M |
| Total liabilities | $255.0M |
| Stockholders' equity | $139.5M |
| Cash and investments | $97.1M |
| Total debt | $18.0M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, Unregistered share sale, Regulation FD disclosure
|
Oct 19, 2026 | Oct 13, 2026 |
| 8-K |
Current report
Unregistered share sale, Regulation FD disclosure
|
Oct 1, 2026 | Oct 1, 2026 |
| 8-K |
Current report
Material agreement
|
Sep 11, 2026 | Sep 10, 2026 |
| 10-Q | Quarterly report | Aug 12, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure
|
Aug 11, 2026 | Aug 11, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jun 5, 2026 | Jun 5, 2026 |
All 101 Cardinal Infrastructure Group Inc SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.