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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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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
Loss on extinguishment of long-term debt(21,596)
Other expenses(6,152)(213)
Total other expenses(29,189)(3,310)
Loss before taxes from continuing operations(127,577)(38,151)
Income tax benefit (expense)3(222)
Loss from continuing operations(127,574)(38,373)
Loss from discontinued operations(17,779)(17,180)
Net loss(145,353)(55,553)

Item 1. Financial Statements (Unaudited)

FAQ

What is Keel Infrastructure's pre-tax income?
Keel Infrastructure (KEEL) reported pre-tax income of -$127.58M in Q1 2026.
How has Keel Infrastructure's pre-tax income changed year-over-year?
Keel Infrastructure's pre-tax income decreased by 234.4% year-over-year, from -$38.15M to -$127.58M.
What does pre-tax income mean?
Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

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