# Cardinal Infrastructure Group Inc. (CDNL)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/cardinal-infrastructure-group-inc/ JSON: https://steadybase.io/company/cardinal-infrastructure-group-inc.json Checked Nov 10, 2026. Latest filing read: Aug 12, 2026.

## Company

- Legal name: Cardinal Infrastructure Group Inc.
- Ticker: CDNL (Nasdaq)
- SEC CIK: 0002079999
- Industry: Heavy Construction Other Than Bldg Const - Contractors (SIC 1600)
- Headquarters: Raleigh, NC
- Fiscal year ends: December 31
- SEC filer category: <br>Emerging growth company
- Website: cardinalinfrastructuregroup.com
- Investor relations: https://investors.cardinalinfrastructuregroup.com/
- LinkedIn: https://www.linkedin.com/company/cardinal-infrastructure-group
- Next earnings date: Nov 12, 2026

## Key facts

- Revenue: $456.0M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 23, 2026). Source: https://www.sec.gov/Archives/edgar/data/2079999/000119312526120014/0001193125-26-120014-index.html
- Operating income: $40.4M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 23, 2026). Source: https://www.sec.gov/Archives/edgar/data/2079999/000119312526120014/0001193125-26-120014-index.html
- Net income: $22.7M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 23, 2026). Source: https://www.sec.gov/Archives/edgar/data/2079999/000119312526120014/0001193125-26-120014-index.html
- SG&A: $23.5M for the fiscal year ended Dec 31, 2025 (10-K filed Mar 23, 2026). Source: https://www.sec.gov/Archives/edgar/data/2079999/000119312526120014/0001193125-26-120014-index.html
- Employees: 1,480 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/2079999/000119312526120014/cdnl-20251231.htm
- Auditor: Grant Thornton LLP, Tulsa, Oklahoma, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/2079999/000119312526120014/cdnl-20251231.htm

## Business

Cardinal Infrastructure Group Inc (the “Cardinal Group”), a Delaware corporation, was formed on June 12, 2025.00 per share.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/2079999/000119312526120014/cdnl-20251231.htm

## Annual results

| Fiscal year ended | Revenue | Operating income | Net income | SG&A |
|---|---|---|---|---|
| Dec 31, 2025 | $456.0M | $40.4M | $22.7M | $23.5M |
| Dec 31, 2024 | $315.2M | $35.9M | $21.4M | $10.7M |
| Dec 31, 2023 | $247.9M | $29.5M | $20.6M | $6.5M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/cardinal-infrastructure-group-inc.json

## Officers and directors

- Jeremy Simmons Spivey, Chief Executive Officer. LinkedIn: https://linkedin.com/in/jeremy-spivey-a9b249a. Source: Form 4 filed Aug 17, 2026, https://www.sec.gov/Archives/edgar/data/2079999/000121390026090854/0001213900-26-090854-index.htm
- Michael Bruce Rowe Jr., Chief Financial Officer. Source: Form 4 filed Aug 17, 2026, https://www.sec.gov/Archives/edgar/data/2079999/000121390026090856/0001213900-26-090856-index.htm
- Mike Rowe, Chief Financial Officer. Source: 10-K filed Mar 23, 2026, https://www.sec.gov/Archives/edgar/data/2079999/000119312526120014/cdnl-20251231.htm
- Benjamin Wood, Chief Operating Officer. Source: Form 4 filed Aug 17, 2026, https://www.sec.gov/Archives/edgar/data/2079999/000121390026090850/0001213900-26-090850-index.htm
- Erik West, Chief Operating Officer of Cardinal NC. Source: 10-K filed Mar 23, 2026, https://www.sec.gov/Archives/edgar/data/2079999/000119312526120014/cdnl-20251231.htm
- Tiffany Leann Gidley, General Counsel and Secretary. Source: Form 4 filed Dec 11, 2025, https://www.sec.gov/Archives/edgar/data/2079999/000121390025120813/0001213900-25-120813-index.htm
- Austin J. Shanfelter, Board member (per proxy). Source: DEF 14A filed Apr 24, 2026, https://www.sec.gov/Archives/edgar/data/2079999/000119312526177393/cdnl-20260424.htm
- Benjamin A. Wood, Named in proxy. Source: DEF 14A filed Apr 24, 2026, https://www.sec.gov/Archives/edgar/data/2079999/000119312526177393/cdnl-20260424.htm
- Ivy Zelman, Board member (per proxy). Source: DEF 14A filed Apr 24, 2026, https://www.sec.gov/Archives/edgar/data/2079999/000119312526177393/cdnl-20260424.htm
- Jeremy Spivey, Board member (per proxy). Source: DEF 14A filed Apr 24, 2026, https://www.sec.gov/Archives/edgar/data/2079999/000119312526177393/cdnl-20260424.htm
- Richard B. Wimmer, Board member (per proxy). Source: DEF 14A filed Apr 24, 2026, https://www.sec.gov/Archives/edgar/data/2079999/000119312526177393/cdnl-20260424.htm
- Richard M. Lee, Board member (per proxy). Source: DEF 14A filed Apr 24, 2026, https://www.sec.gov/Archives/edgar/data/2079999/000119312526177393/cdnl-20260424.htm
- Tiffany Gidley, Named in proxy. Source: DEF 14A filed Apr 24, 2026, https://www.sec.gov/Archives/edgar/data/2079999/000119312526177393/cdnl-20260424.htm

## Recent 8-K events

- Oct 19, 2026: Item 1.01, Entry into a material definitive agreement; Item 3.02, Unregistered sales of equity securities; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/2079999/000119312526424737/cdnl-20261013.htm
- Oct 1, 2026: Item 3.02, Unregistered sales of equity securities; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/2079999/000119312526410735/cdnl-20261001.htm
- Sep 11, 2026: Item 1.01, Entry into a material definitive agreement; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/2079999/000119312526389363/cdnl-20260910.htm
- Aug 11, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/2079999/000119312526343397/cdnl-20260811.htm
- Jun 5, 2026: Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/2079999/000119312526259493/cdnl-20260605.htm
- May 12, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/2079999/000119312526218102/cdnl-20260512.htm
- Mar 19, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/2079999/000119312526115080/cdnl-20260319.htm
- Mar 18, 2026: Item 5.02, Departure or appointment of directors or officers; compensation. Source: https://www.sec.gov/Archives/edgar/data/2079999/000119312526114334/cdnl-20260312.htm
- Feb 19, 2026: Item 1.01, Entry into a material definitive agreement; Item 2.01, Completion of acquisition or disposition of assets; Item 2.02, Results of operations and financial condition (earnings release); Item 2.03, Creation of a direct financial obligation; Item 3.02, Unregistered sales of equity securities; Item 5.02, Departure or appointment of directors or officers; compensation; Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/2079999/000121390026018087/ea0277248-8k_cardinal.htm
- Dec 15, 2025: Item 2.01, Completion of acquisition or disposition of assets; Item 8.01, Other events; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/2079999/000121390025121729/ea0268765-8k_card.htm

## Insider trades (Form 4)

- Aug 17, 2026: Richard Bennett Wimmer (Director) bought 7,500 shares, about $293,475. Source: https://www.sec.gov/Archives/edgar/data/2079999/000121390026091325/0001213900-26-091325-index.htm
- Aug 14, 2026: Richard Melvin Lee Jr. (Director) bought 34,000 shares, about $1.3M. Source: https://www.sec.gov/Archives/edgar/data/2079999/000121390026090858/0001213900-26-090858-index.htm
- Aug 14, 2026: Michael Bruce Rowe Jr. (Chief Financial Officer) bought 7,000 shares, about $255,710. Source: https://www.sec.gov/Archives/edgar/data/2079999/000121390026090856/0001213900-26-090856-index.htm
- Aug 14, 2026: Anthony Leon Wood Jr. (Director) bought 51,400 shares, about $2.0M. Source: https://www.sec.gov/Archives/edgar/data/2079999/000121390026090855/0001213900-26-090855-index.htm
- Aug 14, 2026: Jeremy Simmons Spivey (Chief Executive Officer) bought 83,350 shares, about $3.2M. Source: https://www.sec.gov/Archives/edgar/data/2079999/000121390026090854/0001213900-26-090854-index.htm
- Aug 14, 2026: Ivy Zelman (Director) bought 12,647 shares, about $500,948. Source: https://www.sec.gov/Archives/edgar/data/2079999/000121390026090852/0001213900-26-090852-index.htm
- Aug 14, 2026: Benjamin Wood (Chief Operating Officer) bought 25,700 shares, about $1.0M. Source: https://www.sec.gov/Archives/edgar/data/2079999/000121390026090850/0001213900-26-090850-index.htm
- May 27, 2026: Benjamin Wood (CHIEF OPERATING OFFICER) bought 20,000 shares, about $1.0M. Source: https://www.sec.gov/Archives/edgar/data/2079999/000121390026062942/0001213900-26-062942-index.htm
- Mar 26, 2026: Ivy Zelman (Director) bought 6,921 shares, about $251,440. Source: https://www.sec.gov/Archives/edgar/data/2079999/000121390026035634/0001213900-26-035634-index.htm
- Dec 11, 2025: Richard Bennett Wimmer (Director) bought 10,000 shares, about $210,000. Source: https://www.sec.gov/Archives/edgar/data/2079999/000121390025120816/0001213900-25-120816-index.htm
- Dec 11, 2025: Richard Melvin Lee Jr. (Director) bought 22,725 shares, about $477,225. Source: https://www.sec.gov/Archives/edgar/data/2079999/000121390025120815/0001213900-25-120815-index.htm
- Dec 11, 2025: Ivy Zelman (Director) bought 2,275 shares, about $47,775. Source: https://www.sec.gov/Archives/edgar/data/2079999/000121390025120814/0001213900-25-120814-index.htm
- Dec 11, 2025: Tiffany Leann Gidley (General Counsel and Secretary) bought 6,000 shares, about $126,000. Source: https://www.sec.gov/Archives/edgar/data/2079999/000121390025120813/0001213900-25-120813-index.htm

## What management said

- "This was one of the strongest growth quarters in Cardinal's history" Jeremy Spivey, Chairman and Chief Executive Officer (8-K filed Aug 11, 2026). Source: https://www.sec.gov/Archives/edgar/data/2079999/000119312526343397/cdnl-ex99_1.htm

## Latest filings

- 8-K filed Oct 19, 2026: https://www.sec.gov/Archives/edgar/data/2079999/000119312526424737/cdnl-20261013.htm
- 10-K filed Mar 23, 2026: https://www.sec.gov/Archives/edgar/data/2079999/000119312526120014/cdnl-20251231.htm
- 10-Q filed Aug 12, 2026: https://www.sec.gov/Archives/edgar/data/2079999/000119312526345109/cdnl-20260630.htm
- DEF 14A filed Apr 24, 2026: https://www.sec.gov/Archives/edgar/data/2079999/000119312526177393/cdnl-20260424.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/