Cardinal Infrastructure Group Inc. (CDNL)

Cardinal Infrastructure Group will go public soon. The estimated IPO date is December 10, 2025.

IPO Price Range

$20.00 - $22.00

Shares Offered

11,500,000

Deal Size

$241.50M

CDNL Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	27.72	21.36	20.57
Depreciation & Amortization	24.53	18.75	13.29
Other Operating Activities	-8.46	-4.42	-6.7
Operating Cash Flow	43.79	42.63	30.88
Operating Cash Flow Growth	-	38.03%	-
Capital Expenditures	-26.07	-20.75	-12.27
Acquisitions	-	-	-10.89
Change in Investments	-	-0.52	-
Other Investing Activities	-19.23	0.3	0.8
Investing Cash Flow	-45.3	-20.97	-22.36
Dividends Paid	-	-12.99	-9.16
Debt Issued / Paid	-	5.03	6.47
Financing Cash Flow	12.96	-7.96	-2.69
Net Cash Flow	11.45	13.7	5.83
Free Cash Flow	17.72	21.87	18.62
Free Cash Flow Growth	-	17.51%	-
Free Cash Flow Margin	5.07%	6.94%	7.51%

Source: IPO financials are sourced from S-1 and S-1/A filings submitted to the Securities and Exchange Commission (SEC).