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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%
Free cash flow-$75.0M-20.6%

Valuation

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Market cap$2.31B+87.6%
Enterprise value$2.54B
P/S15.3×

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:PaymentsToAcquireProductiveAssets.

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 itemThree months ended March 31, 2026Three months ended March 31, 2025
Net change in cash related to operating activities(64,687)(18,841)
Cash flows used in investing activities
Proceeds from sale of digital assets4,37337,263
Purchase of property, plant and equipment and intangible assets(10,325)(43,337)
Proceeds from sale of property, plant and equipment and assets held for sale1,5432,139
Purchase of marketable securities(967)(6,540)
Proceeds from disposition of marketable securities9896,931
Purchase of derivative assets and liabilities(30,055)

Item 1. Financial Statements (Unaudited)

FAQ

What is Keel Infrastructure's capex?
Keel Infrastructure (KEEL) reported capex of $10.33M in Q1 2026.
How has Keel Infrastructure's capex changed year-over-year?
Keel Infrastructure's capex decreased by 76.2% year-over-year, from $43.34M to $10.33M.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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