CDNL Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	456.05	315.19	247.92
Revenue Growth (YoY)	44.69%	27.13%	-
Cost of Revenue	359.9	249.89	199.08
Gross Profit	96.15	65.3	48.84
Selling, General & Admin	21.18	10.69	5.6
Amortization of Goodwill & Intangibles	7.13	-	-
Operating Expenses	53.56	29.35	18.78
Operating Income	42.59	35.95	30.06
Interest Expense	-6.83	-4.83	-3.99
Other Non Operating Income (Expenses)	0.27	-1	-0.95
EBT Excluding Unusual Items	36.04	30.12	25.13
Merger & Restructuring Charges	-0.79	-0.45	-1.2
Gain (Loss) on Sale of Assets	0.16	-0.01	0.37
Other Unusual Items	-2.34	-	-
Pretax Income	33.06	29.65	24.3
Income Tax Expense	1.97	1.35	-
Earnings From Continuing Operations	31.09	28.3	24.3
Minority Interest in Earnings	-8.41	-6.94	-3.72
Net Income	22.69	21.36	20.57
Preferred Dividends & Other Adjustments	21.82	-	-
Net Income to Common	0.86	21.36	20.57
Net Income Growth	6.22%	3.82%	-
Shares Outstanding (Basic)	15	-	-
Shares Outstanding (Diluted)	15	-	-
EPS (Basic)	0.06	-	-
EPS (Diluted)	0.06	-	-
Free Cash Flow	-5.91	21.87	18.62
Free Cash Flow Per Share	-0.40	-	-
Gross Margin	21.08%	20.72%	19.70%
Operating Margin	9.34%	11.40%	12.13%
Profit Margin	0.19%	6.78%	8.30%
Free Cash Flow Margin	-1.30%	6.94%	7.51%
EBITDA	74.96	54.61	43.25
EBITDA Margin	16.44%	17.33%	17.44%
D&A For EBITDA	32.37	18.66	13.18
EBIT	42.59	35.95	30.06
EBIT Margin	9.34%	11.40%	12.13%
Effective Tax Rate	5.95%	4.56%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q