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Keel Infrastructure KEEL Depreciation And Amortization — Cost Of Revenue

Other product segments

Energy Service
$21.11M+32.0%
Infrastructure Expenses
$13.94M+223%
Electrical Components And Salaries
$547K-37.6%

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FORRDirect Costs Of Events — Cost Of Revenue
$7.09M-21.0%

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:CostOfRevenue.

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
Energy expenses(21,114)(16,000)
Depreciation and amortization(27,694)(18,448)
Hosting expenses(7,735)
Infrastructure expenses(13,942)(4,315)
Electrical components and salaries(547)(877)
(63,297)(47,375)

Item 1. Financial Statements (Unaudited)

FAQ

What is Keel Infrastructure's depreciation and amortization — cost of revenue?
Keel Infrastructure (KEEL) reported depreciation and amortization — cost of revenue of $27.69M in Q1 2026.
How has Keel Infrastructure's depreciation and amortization — cost of revenue changed year-over-year?
Keel Infrastructure's depreciation and amortization — cost of revenue increased by 50.1% year-over-year, from $18.45M to $27.69M.
What does depreciation and amortization — cost of revenue mean?
This metric represents the portion of total depreciation and amortization expenses directly attributable to the operation of cryptocurrency mining infrastructure and server farms. It reflects the systematic allocation of the cost of tangible assets, such as mining rigs and electrical hardware, over their estimated useful lives as they are consumed in the production of digital assets. Monitoring this figure provides insight into the capital intensity of the mining operations and the rate at which the company's primary revenue-generating equipment is aging.

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