KEEL
$2.34-0.85%
Keel Infrastructure Corp.Stock · TechnologyRussell 2000 · 0.1% of IWMNasdaq Composite · 0.008% of ONEQRussell 3000 · 0.005% of IWVUS Stock Market · 0.002% of VTI
KEEL financial statements
The full income statement, balance sheet, and cash-flow statement for Keel Infrastructure Corp. (KEEL), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2026-03 603.8M2026-06 617.6M+2.3% over 1 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 229M+72.0% | 133M-8.9% | 146M+2.8% | 142M-16.0% | 169M+388.4% | |
| -18.9M-18.8% | -15.9M+33.0% | -23.7M-325.7% | 10.5M-90.5% | 111M+3767.7% | ||
| Cost of revenue | 248M+66.4% | 149M+3.5% | 144M+9.3% | 132M+126.0% | 58.4M+83.4% | |
| Selling, general & administrative | 78.3M+26.5% | 61.9M+82.8% | 33.9M | — | — | |
| General & administrative | 78.3M+26.5% | 61.9M+82.8% | 33.9M | — | — | |
| Provision for credit losses | 3.00K+160.0% | -5.00K-600.0% | 1.00K | — | — | |
| Operating income | -150M-434.0% | -28.0M+44.0% | -50.0M+82.4% | -284M-546.3% | 63.6M+1045.5% | |
| Interest expense | 8.62M+1057.4% | 745K-74.0% | 2.87M+4192.9% | -70.0K-100.3% | 21.0M+123.8% | |
| Net interest income | 6.29M+4.2% | 6.04M+325.1% | 1.42M | — | — | |
| Other non-operating income | -6.06M-187.3% | -2.11M-38.1% | -1.53M | — | — | |
| Pre-tax income | -208M-2871.8% | -7.01M+82.5% | -40.1M+79.2% | -193M-552.8% | 42.6M+364.5% | |
| Income tax | 101K-70.8% | 346K+324.7% | -154K+99.1% | -17.4M-184.9% | 20.5M+11822.7% | |
| -285M-903.2% | -28.4M+48.9% | -55.5M+68.4% | -176M-893.7% | 22.1M+235.9% | ||
| Discontinued operations | -76.0M-261.9% | -21.0M-34.8% | -15.6M | — | — | |
| Net income to common | — | — | — | — | 20.5M+11822.7% | |
| -$0.52-642.9% | -$0.07+66.7% | -$0.21+75.3% | -$0.85-753.8% | $0.13+168.4% | ||
| EPS (basic) | -$0.52-642.9% | -$0.07+66.7% | -$0.21+75.3% | -$0.85-707.1% | $0.14+173.7% | |
| Weighted-avg shares (basic) | 552M+33.0% | 415M+58.1% | 262M+26.2% | 208M+31.8% | 158M+85.7% | |
| Weighted-avg shares (diluted) | 552M+33.0% | 415M+58.1% | 262M+26.2% | 208M+22.7% | 169M+99.5% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 826M+286.7% | 214M+64.4% | 130M+88.1% | 69.1M-75.9% | 287M+3031.8% | ||
| Cash & equivalents | 631M+959.7% | 59.5M-29.1% | 84.0M+172.1% | 30.9M-75.4% | 126M+2011.9% | |
| Accounts receivable | 5.47M+334.6% | 1.26M+82.7% | 689K+538.0% | 108K-89.6% | 1.04M-5.9% | |
| Inventory | 8.68M+663.1% | 1.14M+61.3% | 705K | — | — | |
| Other current assets | 2.83M-34.0% | 4.28M | — | — | — | |
| 1.30B+95.5% | 663M+75.1% | 379M+10.4% | 343M-36.8% | 543M+949.4% | ||
| Property, plant & equipment | 358M+51.0% | 237M+27.5% | 186M-15.2% | 219M+60.3% | 137M+282.3% | |
| Operating lease right-of-use | 11.1M-47.9% | 21.3M | — | — | — | |
| Goodwill | — | — | — | — | 17.0M | |
| Intangible assets | 2.98M | — | — | — | — | |
| Other non-current assets | 1.60M | — | — | — | — | |
| Total non-current assets | — | — | — | — | 255M+500.6% | |
| 148M+426.1% | 28.2M-59.3% | 69.2M+2.6% | 67.4M-33.4% | 101M+255.3% | ||
| Accounts payable | 16.3M+97.7% | 8.23M | — | — | — | |
| Accrued liabilities | 18.7M+35.3% | 13.8M | — | — | — | |
| Short-term & current debt | 97.0M+66353.4% | 146K | — | 4.09M-18.1% | 5.00M-70.9% | |
| Current lease liability | 1.49M-23.9% | 1.96M | — | — | — | |
| Finance lease liability (current) | 235K+80.8% | 130K | — | — | — | |
| 736M+1315.7% | 52.0M-38.1% | 84.0M-4.3% | 87.7M-26.9% | 120M+231.0% | ||
| Long-term debt | 572M+39931.3% | 1.43M-64.4% | 4.02M-1.7% | 4.09M+349.8% | 910K+423.0% | |
| Non-current lease liability | 10.6M-39.2% | 17.4M | — | — | — | |
| Finance lease liability | 1.98M-14.4% | 2.31M | — | — | — | |
| Deferred tax liabilities | 65.0K+0.0% | 65.0K | — | — | — | |
| Other non-current liabilities | 2.76M+6.8% | 2.59M | — | — | — | |
| 560M-8.3% | 611M+87.8% | 325M+32.0% | 247M-31.3% | 359M+2224.1% | ||
| Preferred stock | 0.00 | — | — | — | — | |
| Common stock | 602M-28.1% | 838M | — | — | — | |
| Additional paid-in capital | 1.17B+1057.0% | 101M | — | — | — | |
| Retained earnings | -612M-86.8% | -328M | — | — | — | |
| Total equity incl. non-controlling | — | 608M+106.3% | 295M+15.4% | 255M-28.9% | 359M+2224.1% | |
| Total liabilities & equity | 1.30B+95.5% | 663M | — | — | — | |
| Common shares issued | 602M+25.5% | 479M | — | — | 195M+119.0% | |
| Common shares outstanding | 602M+25.5% | 479M+43.4% | 334M+49.0% | 224M | — | |
| Shares outstanding (cover) | 603M+25.8% | 479M+43.4% | 334M+49.0% | 224M+15.1% | 195M | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -227M-59.9% | -142M-32.6% | -107M+12.7% | -122M-182.6% | -43.3M-699.7% | ||
| Depreciation & amortization | 123M-18.1% | 150M+76.6% | 84.8M+17.1% | 72.4M+195.9% | 24.5M+113.1% | |
| Intangible amortization | — | 573K+327.6% | 134K-92.7% | 1.85M | — | |
| Share-based compensation | 15.0M+18.2% | 12.7M+16.2% | 10.9M | — | — | |
| Change in receivables | -1.50M-175.8% | -545K-4092.3% | -13.0K | — | — | |
| Change in inventory | -4.99M-949.5% | -475K-306.0% | -117K | — | — | |
| 104M+158.2% | -178M-351.4% | 71.0M | — | — | ||
| Capital expenditure | 100M-65.0% | 287M+492.4% | 48.4M-68.4% | 153M | — | |
| Free cash flow | -327M+23.7% | -429M-176.0% | -155M+43.6% | -276M | — | |
| Acquisitions | 48.1M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Proceeds from sale of PP&E | 34.6M+533.1% | 5.46M+75.5% | 3.11M | — | — | |
| Long-term debt issued | 689M+40567.0% | 1.70M | 0.00-100.0% | 40.0M-33.3% | 60.0M+71328.6% | |
| Long-term debt repaid | 785K-81.0% | 4.14M-86.4% | 30.5M-69.5% | 100M+387.8% | 20.5M+4100.6% | |
| Common stock issued | 0.00-100.0% | 290M+165.4% | 109M+101.7% | 54.1M+1161.6% | 4.29M | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | -8.00K+0.0% | -8.00K-144.4% | 18.0K | — | — | |
| Interest paid | 1.26M-27.6% | 1.74M-87.5% | 13.9M | — | — | |
| Income taxes paid | 427K-71.7% | 1.51M+113.0% | -11.6M | — | — | |
| Source filing | 10-K | 40-F | 40-F/A | 40-F | 40-F |
About this data
Source: KEEL’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all KEEL filings on SEC EDGAR → Not investment advice.