Cardinal Q1 rev $167.5M (+105% YoY), net inc $11.5M (+73%), backlog $854M, raises FY guide

Cardinal Infrastructure Group Inc.

• Revenue $167.5M, up 105% total or 64% organically year-over-year.
• Net income $11.5M, up 73% from Q1 2025.
• Adjusted EBITDA $26.8M, up 84% year-over-year.
• Backlog $854M as of March 31, 2026, up 60% from prior year.
• Company raises full-year 2026 outlook (specific guidance figures not provided in excerpt).

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