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Other financials

Income statement

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Revenue$37.0M-22.4%
Gross profit-$26.3M-9,631%
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:OperatingIncomeLoss.

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
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)
Loss on extinguishment of long-term debt(21,596)

Item 1. Financial Statements (Unaudited)

FAQ

What is Keel Infrastructure's operating income?
Keel Infrastructure (KEEL) reported operating income of -$98.39M in Q1 2026.
How has Keel Infrastructure's operating income changed year-over-year?
Keel Infrastructure's operating income decreased by 182.4% year-over-year, from -$34.84M to -$98.39M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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