Cardinal Infrastructure Q3 Revenue Rises 65.1%, Margin Falls to 4.2%
Q3 revenue rose 65.1% year over year to $201.9 million. Adjusted EBITDA margin fell to 4.2% from 17.5%, and Cardinal reported an $11.0 million net loss versus $10.1 million net income. The company withdrew full-year 2026 revenue and margin guidance and authorized up to $50 million in repurchases over 12 months.
Q3 revenue rose 65.1% year over year to $201.9M, while Adjusted EBITDA margin fell to 4.2% from 17.5% and the company reported an $11.0M net loss versus $10.1M net income. Cardinal withdrew full-year 2026 revenue and margin guidance and authorized up to $50M in repurchases over 12 months.Material D…