Keel Infrastructure Corp. (KEEL)

NASDAQ: KEEL · Real-Time Price · USD

2.070

+0.160 (8.38%)

At close: Nov 11, 2026, 4:00 PM EST

2.040

-0.030 (-1.45%)

After-hours: Nov 11, 2026, 7:59 PM EST

Keel Infrastructure Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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 & Equivalents	815.83	573.46	59.54	84.04	30.89	125.6
Cash & Short-Term Investments	815.83	573.46	59.54	84.04	30.89	125.6
Cash Growth	838.25%	863.12%	-29.15%	172.08%	-75.41%	2011.91%
Accounts Receivable	3.56	5.47	1.26	0.71	0.7	1.04
Other Receivables	-	2.83	4.28	1.49	16.07	2.68
Receivables	3.56	8.3	5.54	2.21	16.77	3.72
Inventory	9.24	8.68	1.14	0.71	0.59	0.55
Other Current Assets	31.48	236.03	147.52	43.03	20.85	157.27
Total Current Assets	860.1	826.47	213.74	129.98	69.09	287.13
Property, Plant & Equipment	318.35	371.56	260.84	200.33	235.79	146.25
Long-Term Investments	-	1.25	-	-	-	-
Goodwill	-	-	-	-	-	16.96
Other Intangible Assets	2.85	2.98	4.64	3.7	0.03	1.68
Long-Term Deferred Tax Assets	-	-	-	-	-	3.9
Long-Term Deferred Charges	-	1.67	-	-	-	-
Other Long-Term Assets	196.22	92.41	183.93	44.71	38.19	86.68
Total Assets	1,378	1,296	663.13	378.73	343.1	542.59

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Accounts Payable	29.98	16.27	8.23	9.08	12.9	9.87
Accrued Expenses	19.5	18.7	13.83	-	-	-
Short-Term Debt	-	-	-	-	-	60
Current Portion of Long-Term Debt	0.8	97.02	0.15	4.02	43.05	10.26
Current Portion of Leases	1.67	1.73	2.09	2.86	3.65	4.35
Current Income Taxes Payable	0.89	-	-	1.11	-	12.09
Other Current Liabilities	18.07	14.39	3.86	52.09	7.81	4.61
Total Current Liabilities	70.91	148.11	28.16	69.15	67.41	101.18
Long-Term Debt	1,020	572.45	1.43	-	4.09	0.91
Long-Term Leases	10.79	12.58	19.75	12.99	14.22	9.23
Long-Term Deferred Tax Liabilities	0.07	0.07	0.07	-	-	8.45
Other Long-Term Liabilities	1.83	2.76	2.59	1.82	1.98	0.24
Total Liabilities	1,104	735.97	51.99	83.96	87.7	120.01

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Common Stock	0.62	1,065	837.76	535.01	404.93	378.89
Additional Paid-In Capital	1,158	108.28	101.32	56.62	47.65	43.7
Retained Earnings	-885.54	-612.48	-327.94	-299.81	-197.19	-0.02
Comprehensive Income & Other	-	-	-	2.94	-	-
Total Common Equity	273.57	560.38	611.15	294.76	255.4	422.58
Shareholders' Equity	273.57	560.38	611.15	294.76	255.4	422.58
Total Liabilities & Equity	1,378	1,296	663.13	378.73	343.1	542.59

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Total Debt	1,034	683.78	23.42	19.87	65.01	84.74
Net Cash (Debt)	-217.79	-110.32	36.13	64.17	-34.12	40.85
Net Cash Growth	-	-	-43.70%	-	-	-
Net Cash Per Share	-0.36	-0.20	0.09	0.24	-0.16	0.24
Filing Date Shares Outstanding	617.88	602.85	553.64	339.27	238.39	201.25
Total Common Shares Outstanding	617.72	601.58	479.33	334.15	224.2	194.81
Working Capital	789.19	678.35	185.58	60.83	1.68	185.95
Book Value Per Share	0.44	0.93	1.27	0.88	1.14	2.17
Tangible Book Value	270.72	557.39	606.51	291.06	255.37	403.95
Tangible Book Value Per Share	0.44	0.93	1.27	0.87	1.14	2.07
Land	54.69	63.89	5.04	5.74	4.39	4.55
Machinery	205.32	469.68	337.1	356.07	309.29	157.19
Leasehold Improvements	14.4	14.54	59.45	50.73	45.28	5.78