For the quarter ending 2026-03-31, CDNL has $657,251,915 in assets. $395,250,329 in debts.
| Balance Sheets | 2026-03-31 | 2025-12-31 | ||
|---|---|---|---|---|
| Cash | 43,982,867 | 97,149,425 | ||
| Accounts receivable, net | 96,631,099 | 61,282,268 | ||
| Contract assets | 85,238,241 | 54,894,260 | ||
| Prepaid expenses | 1,686,826 | 1,892,615 | ||
| Other assets | 540,049 | 432,584 | ||
| Total current assets | 228,079,082 | 215,651,152 | ||
| Total property and equipment | 206,267,778 | 159,939,361 | ||
| Accumulated depreciation | 80,725,787 | 75,037,759 | ||
| Property and equipment, net | 125,541,991 | 84,901,602 | ||
| Operating lease right-of-use assets | 20,438,873 | 8,929,742 | ||
| Investments in unconsolidated affiliates | - | 0 | ||
| Goodwill | 128,619,937 | 23,510,649 | ||
| Cost | - | 22,642,000 | ||
| Accumulated amortization | - | 7,128,308 | ||
| Intangible assets, net | 109,046,343 | 15,513,692 | ||
| Deferred tax assets | 45,095,262 | 46,080,518 | ||
| Other non-current assets | 430,427 | - | ||
| Total assets | 657,251,915 | 394,587,355 | ||
| Current portion of notes payable | 10,129,136 | 6,128,674 | ||
| Current portion of finance lease liabilities | 3,487,722 | 3,349,359 | ||
| Current portion of operating lease liabilities | 5,455,264 | 3,814,686 | ||
| Accounts payable | 94,734,950 | 60,600,099 | ||
| Accrued distributions | - | 0 | ||
| Accrued expenses | 8,172,033 | 2,956,314 | ||
| Deferred consideration payable | 200,001 | 3,966,618 | ||
| Contract liabilities | 9,669,372 | 10,831,564 | ||
| Other current liabilities | 22,178 | - | ||
| Total current liabilities | 131,870,656 | 91,647,314 | ||
| Notes payable, less current portion, net of unamortized debt issuance costs | 185,898,921 | 113,152,864 | ||
| Finance lease liabilities, less current portion | 4,993,315 | 4,974,309 | ||
| Operating lease liabilities, less current portion | 17,255,749 | 5,851,516 | ||
| Tax receivable agreement liability | 39,423,529 | 39,423,529 | ||
| Contingent consideration | 15,254,000 | - | ||
| Other non-current liabilities | 554,159 | - | ||
| Total liabilities | 395,250,329 | 255,049,532 | ||
| Members' interest | - | 0 | ||
| Common stock, value-Common Class A | 1,530 | 1,495 | ||
| Common stock, value-Common Class B | 2,757 | 2,339 | ||
| Additional paid-in capital | 66,275,188 | 57,593,814 | ||
| Retained earnings | 4,282,031 | 863,593 | ||
| Accumulated other comprehensive loss | -151,904 | - | ||
| Noncontrolling interests | 191,591,984 | 81,076,582 | ||
| Total stockholders' equity | 262,001,586 | 139,537,823 | ||
| Total liabilities and stockholders' equity | 657,251,915 | 394,587,355 | ||
Cardinal Infrastructure Group Inc. (CDNL)
Cardinal Infrastructure Group Inc. (CDNL)