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Keel Infrastructure KEEL Derivative assets

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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%
CapEx$10.3M-76.2%
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:DerivativeAssets.

The source filing: Keel Infrastructure’s 10-K, filed March 31, 2026.

Filed
Mar 31, 2026, 4:31 PM EDT
Fiscal year
FY2026
Accession
0001213900-26-037514
MeasurementAs of December 31, 2025As of December 31, 2024
Refundable Hosting Deposits14,216
Other refundable deposits350
Financial assets at fair value through profit and loss
Derivative assets7,4873,418
Total fair value of financial assets650,83287,352
Financial liabilities at amortized cost
Accounts payable and accrued expenses34,97422,056
Long-term debt*699,6571,576

ITEM 7A - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

FAQ

What is Keel Infrastructure's derivative assets?
Keel Infrastructure (KEEL) reported derivative assets of $7.49M in Q4 2025.
What does derivative assets mean?
Fair value of derivative contracts (swaps, options, forwards, futures) in a net gain position — represents amounts owed to the firm by counterparties.

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