What is Keel Infrastructure's acquisitions?

Keel Infrastructure (KEEL) reported acquisitions of $12.02M in Q4 2025.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

Keel Infrastructure (KEEL) Acquisitions

Screener

Acquisitions at other companies

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-$201.35M-7,473%

Marathon Digital HoldingsMARA

$196.77M+441%

Galaxy DigitalGLXY

$6.78M+127%

Hut 8 Mining Corp.HUT

$6.47M—

Iris EnergyIREN

——

Other financials

Income statement

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Revenue$37.0M-22.4%

Gross profit-$26.3M-9,631%

Operating income-$98.4M-182%

Net income-$145.4M-162%

EPS (diluted)-$0.24-118%

Balance sheet

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Cash & equivalents$357.3M+827%

Total debt$591.0M—

Total equity$419.1M-36.6%

Total assets$1.1B—

Cash flow

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Operating cash flow-$64.7M-243%

CapEx$10.3M-76.2%

Free cash flow-$75.0M-20.6%

Valuation

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Market cap$2.34B+66.9%

Enterprise value$2.58B—

P/S15.5×—

Profitability

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Gross margin-7.9%-2.8pp

Operating margin-37.8%+2.0pp

Net margin-52%+24.6pp

FCF margin-259.9%+201pp

Returns & leverage

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Return on equity-6.1%-2.5pp

Debt / equity1.4×—

Current ratio9.6×—

Where this comes from

Reported directly by Keel Infrastructure in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The source filing: Keel Infrastructure’s 10-Q, filed May 11, 2026.

Filed: May 11, 2026, 7:00 AM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0001213900-26-054166

Line item	Year ended December 31,	Year ended December 31,
	2025
Cash outflow, net of cash acquired
Cash consideration		51,060
Less: cash balances acquired		(2,976)
Net cash outflow related to investing activities		48,084

Item 1. Financial Statements (Unaudited)

FAQ

What is Keel Infrastructure's acquisitions?: Keel Infrastructure (KEEL) reported acquisitions of $12.02M in Q4 2025.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

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Keel Infrastructure KEEL Acquisitions

Acquisitions at other companies

Other financials

Income statement

Balance sheet

Cash flow

Valuation

Profitability

Returns & leverage

Where this comes from

FAQ

Ask your AI about Keel Infrastructure's acquisitions.