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Keel Infrastructure KEEL Impairment Charges

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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:OtherAssetImpairmentCharges.

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
Change in fair value of digital assets(41,449)(23,033)
Realized (loss) gain on sale of digital assets(1,810)4,977
(Loss) gain on disposition of property, plant and equipment and deposits(1)557
Impairment of long-lived assets(1,986)
Operating loss(98,388)(34,841)
Interest income3,723802
Interest expense(3,600)(185)
Loss on derivative assets and liabilities(1,564)(3,714)

Item 1. Financial Statements (Unaudited)

FAQ

What is Keel Infrastructure's impairment charges?
Keel Infrastructure (KEEL) reported impairment charges of $1.99M in Q1 2026.
How has Keel Infrastructure's impairment charges changed year-over-year?
Keel Infrastructure's impairment charges decreased by 72.1% year-over-year, from $7.11M to $1.99M.
What is the long-term trend for Keel Infrastructure's impairment charges?
Over 2 years (2023 to 2025), Keel Infrastructure's impairment charges has grown at a 125.3% compound annual growth rate (CAGR), from $5.6M to $28.44M.
What does impairment charges mean?
Non-cash asset impairment charges added back in the operating cash flow reconciliation since they don't represent cash outflows.

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