Cardinal Infrastructure Group Inc.
For the period ended Jun 30, 2026. Filed Aug 12, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 12, 2026
CDNL$14.60-4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Statements of Operations
Condensed Consolidated State ments of Operations (Unaudited)
| Three months endedJune 30, · Six months endedJune 30, | |||||
|---|---|---|---|---|---|
| 2026 · 2025 · 2026 · 2025 | |||||
| Revenues | $226,934,438 | $106,110,909 | $394,443,154 | $187,912,174 | |
| Cost of revenues, excluding depreciation and amortization | 190,886,964 | 83,511,347 | 324,206,047 | 148,789,325 | |
| General and administrative | 9,024,651 | 2,965,982 | 19,166,782 | 5,091,952 | |
| Depreciation expense | 6,768,987 | 6,105,814 | 12,471,397 | 11,177,155 | |
| Amortization expense | 4,824,386 | 1,782,179 | 8,391,734 | 3,309,679 | |
| Gain on disposal of property and equipment | (48,998) | — | (51,395) | (110,945) | |
| Income from operations | 15,478,448 | 11,745,587 | 30,258,589 | 19,655,008 | |
| Other expense: | |||||
| Interest expense, net | (3,466,263) | (1,581,192) | (5,712,139) | (2,607,468) | |
| Other expense, net | (1,875,001) | (7) | (1,875,001) | (241,407) | |
| Total other expense, net | (5,341,264) | (1,581,199) | (7,587,140) | (2,848,875) | |
| Net income before taxes | 10,137,184 | 10,164,388 | 22,671,449 | 16,806,133 | |
| Income tax benefit (provision) | 1,011,122 | (714,261) | (42,107) | (714,261) | |
| Net income | 11,148,306 | 9,450,127 | 22,629,342 | 16,091,872 | |
| Less: Net income attributable to noncontrolling interests | 6,472,939 | 2,282,422 | 14,535,537 | 3,447,186 | |
| Net income attributable to Cardinal Infrastructure Group Inc. | $4,675,367 | $7,167,705 | $8,093,805 | $12,644,686 | |
| Earnings per share(1): | |||||
| Basic | $0.30 | $0.53 | |||
| Diluted | $0.26 | $0.53 | |||
| Weighted average shares of Class A common stock outstanding(1): | |||||
| Basic | 15,586,953 | 15,349,112 | |||
| Diluted | 43,127,603 | 15,353,808 | |||
(1) Represents earnings per share of Class A common stock and weighted-average shares of Class A common stock outstanding for the period following the recapitalization transactions and IPO (see Note 14)
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.