Cardinal Infrastructure reported $620M of remaining performance obligations at 30 Jun 2026 and up 18% from the previous quarter. Book-to-bill last quarter: 1.42.
Net new backlog added in the latest quarter: $95.6M.
90% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 1.5% of the backlog.
By backlog size it ranks 286th among US filers the cockpit tracks.
Cardinal Infrastructure backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Jun 2026
$620M
n/a
n/a
$9.20M
31 Mar 2026
$524M
n/a
n/a
$9.70M
31 Dec 2025
$517M
$456M
1.1 yrs
$10.8M
31 Dec 2024
$276M
$315M
0.9 yrs
$14.1M
31 Dec 2023
$205M
$248M
0.8 yrs
$12.4M
Questions
What is Cardinal Infrastructure's backlog?
Cardinal Infrastructure reported $620M of remaining performance obligations at 30 Jun 2026 and up 18% from the previous quarter. Book-to-bill last quarter: 1.42.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.