Keel Infrastructure Corp. (KEEL)

NASDAQ: KEEL · Real-Time Price · USD

3.530

-0.050 (-1.40%)

At close: Sep 30, 2026, 4:00 PM EDT

3.520

-0.010 (-0.28%)

Pre-market: Oct 1, 2026, 9:26 AM EDT

Keel Infrastructure Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	188.14	229.28	133.27	120.4	142.43	169.49
Revenue Growth	8.51%	72.03%	10.69%	-15.47%	-15.97%	388.40%
Gross Profit	-60.69	-18.9	-41.69	-23.74	10.52	111.12
Operating Income	-160.18	-97.24	-77.84	-57.61	-40.99	67.88
Net Income	-433.84	-284.54	-28.37	-55.51	-175.64	22.13
Earnings Per Share	-0.74	-0.52	-0.07	-0.21	-0.85	0.13
EPS Growth	-	-	-	-	-	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
United States	97.26	116.39	16.5	11.47	25.1	16.23
Canada	90.88	112.89	116.77	108.93	112.11	153.27
Total	188.14	229.28	133.27	120.4	142.43	169.49

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	715.52	573.46	59.54	84.04	30.89	125.6
Total Debt	1,038	683.78	23.42	19.87	65.01	84.74
Net Cash (Debt)	-322.84	-110.32	36.13	64.17	-34.12	40.85
Net Cash Growth	-	-	-43.70%	-	-	-
Net Cash Per Share	-0.55	-0.20	0.09	0.24	-0.16	0.24

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-250.49	-226.59	-141.71	-106.89	-122.42	-43.32
Capital Expenditures	-164.39	-126.09	-339.85	-73.7	-194.98	-193.26
Free Cash Flow	-414.87	-352.68	-481.56	-180.59	-317.4	-236.58
Free Cash Flow Growth	-	-	-	-	-	-

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	-32.26%	-8.24%	-31.28%	-19.72%	7.38%	65.56%
Operating Margin	-85.14%	-42.41%	-58.40%	-47.85%	-28.78%	40.05%
Pretax Margin	-199.30%	-90.90%	-5.26%	-33.29%	-135.55%	25.16%
Profit Margin	-230.59%	-124.11%	-21.28%	-46.11%	-123.32%	13.06%
FCF Margin	-220.52%	-153.82%	-361.33%	-149.99%	-222.85%	-139.58%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 1, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	-	-	-	44.04
Forward PE	-	158.75	225.00	11.28	11.28	14.03
PS Ratio	11.59	6.13	5.28	7.79	0.67	5.75