Cardinal Infrastructure Group Inc.
- CDNL · Nasdaq
- Heavy Construction Other Than Bldg Const - Contractors
- Raleigh, NC
- 1,480 employees
- CIK 0002079999
Updated from SEC filings through
Top things to know
Executives
- Jeremy Simmons Spivey Chief Executive Officer 4, 2026-08-17
-
Michael Bruce Rowe Jr. Chief Financial Officer 4, 2026-08-17 - Mike Rowe Chief Financial Officer 10-K, 2026-03-23
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Benjamin Wood Chief Operating Officer 4, 2026-08-17 -
Erik West Chief Operating Officer of Cardinal NC 10-K, 2026-03-23 -
Tiffany Leann Gidley General Counsel and Secretary 4, 2025-12-11
What leadership is saying
“This was one of the strongest growth quarters in Cardinal's history”
Earnings press release (8-K Ex. 99.1), filed August 11, 2026
Cardinal Infrastructure Group Inc. is a U.S. public company in heavy construction other than bldg const - contractors (SIC 1600), headquartered in Raleigh, NC. It trades as CDNL on Nasdaq. Revenue was $456M in the fiscal year ending December 31, 2025, +44.7% from the year before. It reported about 1,480 employees. Jeremy Simmons Spivey is Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $456M 10-K, 2026-03-23 | $315M 10-K, 2026-03-23 | $248M 10-K, 2026-03-23 |
| Operating income | $40.4M 10-K, 2026-03-23 | $35.9M 10-K, 2026-03-23 | $29.5M 10-K, 2026-03-23 |
| SG&A | $23.5M 10-K, 2026-03-23 | $10.7M 10-K, 2026-03-23 | $6.5M 10-K, 2026-03-23 |
| Net income | $22.7M 10-K, 2026-03-23 | $21.4M 10-K, 2026-03-23 | $20.6M 10-K, 2026-03-23 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Jeremy Simmons Spivey CEO and Chairman of Cardinal Infrastructure Group | Chief Executive Officer | 4, 2026-08-17 |
| Michael Bruce Rowe Jr. | Chief Financial Officer | 4, 2026-08-17 |
| Mike Rowe | Chief Financial Officer | 10-K, 2026-03-23 |
| Benjamin Wood | Chief Operating Officer | 4, 2026-08-17 |
| Benjamin A. Wood | Named in proxy bio: Chief Operating Officer | DEF 14A, 2026-04-24 |
| Erik West | Chief Operating Officer of Cardinal NC | 10-K, 2026-03-23 |
| Tiffany Gidley | Named in proxy bio: General Counsel and Secretary | DEF 14A, 2026-04-24 |
| Tiffany Leann Gidley | General Counsel and Secretary | 4, 2025-12-11 |
| Austin J. Shanfelter | Board member (per proxy) bio: Director | DEF 14A, 2026-04-24 |
| Ivy Zelman | Board member (per proxy) bio: Lead Independent Director | DEF 14A, 2026-04-24 |
| Jeremy Spivey | Board member (per proxy) bio: Director nominee | DEF 14A, 2026-04-24 |
| Richard B. Wimmer | Board member (per proxy) bio: Director | DEF 14A, 2026-04-24 |
| Richard M. Lee | Board member (per proxy) bio: Director | DEF 14A, 2026-04-24 |
What Cardinal Infrastructure Group Inc. does
Cardinal Infrastructure Group Inc (the “Cardinal Group”), a Delaware corporation, was formed on June 12, 2025.00 per share.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Public float | $0 (as of June 30, 2025) | 10-K, March 23, 2026 |
|---|---|---|
| Reportable segments | 1 (period ending June 30, 2026) | 10-Q, August 12, 2026 |
| Latest proxy statement | Meeting June 5, 2026 (filed April 24, 2026) | DEF 14A, April 24, 2026 |
| Auditor | Grant Thornton LLP (Tulsa, Oklahoma) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| August 17, 2026 | Richard Bennett Wimmer Director | Buy | 7,500 | $293K | Form 4, August 18, 2026 |
| August 14, 2026 | Richard Melvin Lee Jr. Director | Buy | 34,000 | $1.3M | Form 4, August 17, 2026 |
| August 14, 2026 | Michael Bruce Rowe Jr. Chief Financial Officer | Buy | 7,000 | $256K | Form 4, August 17, 2026 |
| August 14, 2026 | Anthony Leon Wood Jr. Director | Buy | 51,400 | $2.0M | Form 4, August 17, 2026 |
| August 14, 2026 | Jeremy Simmons Spivey Chief Executive Officer | Buy | 83,350 | $3.2M | Form 4, August 17, 2026 |
| August 14, 2026 | Ivy Zelman Director | Buy | 12,647 | $501K | Form 4, August 17, 2026 |
| August 14, 2026 | Benjamin Wood Chief Operating Officer | Buy | 25,700 | $1.0M | Form 4, August 17, 2026 |
| May 27, 2026 | Benjamin Wood CHIEF OPERATING OFFICER | Buy | 20,000 | $1.0M | Form 4, May 29, 2026 |
Recent 8-K events
- 8-K filed 2026-10-19
- Item 1.01 Entry into a material definitive agreement
- Item 3.02 Unregistered sales of equity securities
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-10-01
- Item 3.02 Unregistered sales of equity securities
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-09-11
- Item 1.01 Entry into a material definitive agreement
- 8-K filed 2026-08-11
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-06-05
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-05-12
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-03-19
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-03-18
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-02-19
- 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
- 8-K filed 2025-12-15
- Item 2.01 Completion of acquisition or disposition of assets
- Item 8.01 Other events
Frequently asked questions about Cardinal Infrastructure Group Inc.
- What does Cardinal Infrastructure Group Inc. do?
- In its own words, from Item 1 of its 10-K: "Cardinal Infrastructure Group Inc (the “Cardinal Group”), a Delaware corporation, was formed on June 12, 2025.00 per share."
- What is Cardinal Infrastructure Group Inc.'s revenue?
- $456M for the fiscal year ending December 31, 2025, from its 10-K filed March 23, 2026.
- Is Cardinal Infrastructure Group Inc. profitable?
- Cardinal Infrastructure Group Inc. reported net income of $22.7M for the fiscal year ending December 31, 2025.
- How many employees does Cardinal Infrastructure Group Inc. have?
- About 1,480 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Cardinal Infrastructure Group Inc.?
- Jeremy Simmons Spivey, Chief Executive Officer, as named in a 4 filed August 17, 2026.
- Who is the CFO of Cardinal Infrastructure Group Inc.?
- Michael Bruce Rowe Jr., Chief Financial Officer, as named in a 4 filed August 17, 2026.
- Where is Cardinal Infrastructure Group Inc. headquartered?
- Raleigh, NC.
- What is Cardinal Infrastructure Group Inc.'s stock ticker?
- CDNL on Nasdaq.
- What industry is Cardinal Infrastructure Group Inc. in?
- Heavy Construction Other Than Bldg Const - Contractors, SIC code 1600.
- What is Cardinal Infrastructure Group Inc.'s website?
- cardinalinfrastructuregroup.com. Investor relations: https://investors.cardinalinfrastructuregroup.com/.
- When does Cardinal Infrastructure Group Inc. report earnings next?
- November 12, 2026 at 10:30. Source: ir_events_fc.
- Is Cardinal Infrastructure Group Inc. a public company?
- Yes. Cardinal Infrastructure Group Inc. files with the SEC under CIK 0002079999 and trades as CDNL.
- Who audits Cardinal Infrastructure Group Inc.?
- Grant Thornton LLP, Tulsa, Oklahoma, as named in its latest annual report (10-K).
- What is Cardinal Infrastructure Group Inc.'s public float?
- $0 as of June 30, 2025, as reported on the cover of its 10-K filed March 23, 2026.
- How many business segments does Cardinal Infrastructure Group Inc. report?
- 1 reportable segment for the period ending June 30, 2026, from its 10-Q filed August 12, 2026.
- When is Cardinal Infrastructure Group Inc.'s annual shareholder meeting?
- June 5, 2026, per its proxy statement (DEF 14A) filed April 24, 2026.
- Have Cardinal Infrastructure Group Inc. insiders traded stock recently?
- Since December 11, 2025, officers and directors reported 0 open-market sales and 13 purchases worth about $10.7M on Forms 4 and 5. The most recent: Richard Bennett Wimmer (Director) bought 7,500 shares on August 17, 2026.